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Paxtradings Crypto Minute: June 22, 2018

PAX Trading > Crypto Minute > Paxtradings Crypto Minute: June 22, 2018

An ICO With Royal Backing becomes 3rd Largest in History

According to Coindesk, an ICO Tatatu has raised a whopping $575 million off its private sale of TTU crypto tokens from investors including BlockTower Capital and even a prince.

With that, the startup, called TaTaTu, has raised the third largest round ever using the initial coin offering (ICO) model — surpassed only by EOS and Telegram, according to data from CoinDesk’s ICO Tracker.

Nasdaq CEO Says ICOs are Taking Advantage of Retail Investors

Initial coin offerings have serious potential to rip off retail investors, mostly due to a lack of public information, according to Nasdaq CEO Adena Friedman. Real concern on lack of transparency, oversight, and accountability that these companies have as they’re going out to raise capital through an ICO,” Friedman says.

Friedman told CNBC in April that once the space “matures,” Nasdaq would consider becoming a digital-currency exchange — but for now, she says, Nasdaq is more comfortable acting as a partner.

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