Cryptocurrencies are the latest investing craze, attracting everyone from technology executives and Wall Street pros to novice speculators. Bitcoin, for example, has gone from $611 to a high of nearly $5,000 in the last year. Cryptomillionaires are being minted on a daily basis.
With bank savings rates at record lows, speculators are pouring money into so called ‘initial coin offerings' or ICOs. These new unregulated crowdsales of crypto assets have pulled in $2 billion so far this year.
In fact, this pace nearly doubled from April to May, and the amounts keep getting bigger. The latest record was broken by blockchain data storage network Filecoin, which raised $257 million.
But the everyday buyer has no idea how this new technology works… or how to get their hands on tokens.
Full story at http://bit.ly/2wkiCjm
Source: Forbes
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