New Audit Report: ICO Market “Worse Than We Thought”-5.2

Cryptocurrency, Initial Coin Offerings (ICOs)–Initial coin offerings, the popular method for raising capital in the space of blockchain and token-based cryptocurrency projects, has again found its way in the headlines over the controversial and lawless nature of its marketplace.

Ernst and Young, a Big Four Auditor, published a new report on Oct. 19th claiming that–among other things–the state of the ICO industry is worse than they originally imagined when examining ICOs that have been on the market for over year.

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