Digital Currency Sales Reach $ 13.7 Billion in the First Five Months of 2018 | Technology

Technology startups using blockchain worldwide raised funds by selling crypto-coins directly to investors in initial currency offers (ICOs), excluding banks or venture capital firms as intermediaries.

Blockchain, the technology that supports Bitcoin and other digital currencies, is a digital recording that provides a secure way to perform transactions.

This year's virtual currency sales totaled $ 7 billion last year and included gigantic offers from Telegram, a courier service founded by Russian entrepreneurs Pavel and Nikolai Durov in 2013, and the motto EOS from Block.one, according to the report.

The report also noted that of the 3,470 OICs announced since the first offer of digital parts in 2013, only 30% of them have been successful, while many have been postponed or have lost their momentum during the process, notes the report.

The report's insight is that mutual funds are beginning to increasingly register with the Securities and Exchange Commission.

In Europe, Switzerland is the capital of ICO, but in 2018, the United Kingdom gained ground in terms of volume and number. The 48 OICs registered in the UK have so far moved $ 507 million this year.