Tuesday, May 23, 2017

Alternative Currencies Becoming Company Favorites

Why Startups Are Raising Cryptocurrency

One of the hottest trends among high-tech startups is using cryptocurrency to fundraise, a process called initial coin offerings. Forbes reported ICOs are “raising money at astonishing speed — amassing about $440 million over two years, mostly for developers of early-stage projects.” Billionaire venture capitalist Tim Draper told Reuters he is joining the ICO of a…