Tech News, Magazine & Review WordPress Theme 2017
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
The Daily Hodl
No Result
View All Result

US Slips in ICO Market for Blockchain and Crypto Developers as Singapore Takes First Place

by Daily Hodl Staff
October 2, 2018
in Bitcoin

Dozens of cryptocurrency industry leaders warned Congress last week that a failure by US authorities to produce a robust regulatory framework will cause innovators of the emerging technology to flee. Now, according to new research, it appears that the US is already experiencing a backlash. Blockchain startups launching Initial Coin Offerings (ICOs) are finding a greater base of support outside of the US as they turn to Singapore.

According to a new report by blockchain analytics firm Elementus, fewer ICOs were hosted in the US in August than in Singapore, marking the first time that the US, the world’s largest economy by gross domestic product (GDP $18.57 trillion), has gotten eclipsed by the island nation of Singapore (GDP $297 billion).

In the month of August, researchers tracked 17 ICOs hosted in Singapore, 15 in the US, 9 in the UK and five in Switzerland.

https://twitter.com/KalomeniM/status/1046458729233756160

Singapore, which issued a legal framework for ICOs last year, is ranked the third most competitive country in the world overall, and the second most competitive country in the digital world, behind the US.

Source: IMD World Competitiveness Center

According to the Elementus report,

“The ICO market remains quite robust with $1.4 billion raised in August – an increase of 44% over the prior month. All signs point to a maturing ICO market: fundraising grows more competitive, more established companies wade in, and security tokens show their first signs of life.”

BlockShow Asia 2018 in Singapore, November 27 – December 1

Data shows that the ICO market is as strong as it was last year, with an estimated raise of $28.4 billion as of the end of August 2018.

“In August, ICOs raised nearly $1.5 billion, on par with the amount raised during the bull markets of last November. In fact, the majority of historical ICO fundraising occurred during the current bear market. Of the total $28 billion raised to date, $15.9 billion occurred between February, 2018 and August, 2018.”

Speaking before Congress last week, Aaron Wright, professor at Cardozo Law School and the director of Cardozo’s blockchain project, explained the vision of blockchain entrepreneurs – and the need for US regulations to grasp it.

“What we’ve seen today, particularly in the early wave of token sales, is an effort in order to treat many tokens as securities. If we do that, and if the classification of tokens are deemed to be securities across the board, it’s going to be a massive expansion of power by the financial services industry. More and more assets that could be deemed as consumer goods will be required to be purchased through financial services companies and other regulated entities. That is something that should be deeply concerning.”

The Crypto Beat

Crypto Advocates From Coinbase, Ripple, ConsenSys, Blockchain, Fidelity, Nasdaq Urge Congress to Act Now

US Lawmakers Plan to Audit the IRS on Failure to Provide Adequate Bitcoin and Crypto Guidelines

France Announces Landmark Crypto-Friendly ICO Regulations

US Regulator Supports Crypto Innovation, Urges Caution and Restraint from the Government

[the_ad id="42537"] [the_ad id="42536"]
 
Check Latest News Headlines


 
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Submit a Press Release

Industry Announcements

  • Spritz Finance Launches Direct Wallet Pay, an Easy Way To Pay Real-World Bills With USDC From Any Crypto Wallet
    July 5, 2022
  • Metaverse Summit To Accelerate Open Metaverse and Web 3.0 With International Leaders
    July 5, 2022
  • Swappi (PPI) Announces First Exchange Listing on BitMart
    July 1, 2022
  • Yield App Joins Forces With Unstoppable Domains To Simplify Web 3.0 Journey
    July 1, 2022
  • ARK Has Introduced a New Blockchain Consensus Technology
    June 30, 2022
  • Cantina Royale Taps Elrond Apes To Boost Its In-Game Cross Chain NFT Collections
    June 28, 2022
  • Saddle Finance Announces End of Lock-Up Period for Its SDL Token
    June 24, 2022
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$20,293.00
$20,293.00
2.17%
Ethereum
$1,146.63
$1,146.63
1.74%
Cardano
$0.457836
$0.457836
0.94%
XRP
$0.324095
$0.324095
0.29%
Dogecoin
$0.067902
$0.067902
0.66%

Spotlight

  • Crypto Analyst Michaël van de Poppe Issues Bitcoin Warning, Updates Ethereum Outlook As Markets Dive
    June 30, 2022
  • Bitcoin (BTC) Approaching ‘Peak Opportunity’ Zone, According to Top Crypto Trader
    July 3, 2022
  • Despite Market Crash, Top Analyst Says There’s Still No Better Risk-To-Reward Asset Than Bitcoin (BTC)
    June 28, 2022
  • Bitcoin (BTC) Could Pop by the End of 2022, According to Deutsche Bank Analysts – Here’s Their Target
    July 1, 2022
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX •
Futuremash •
Industry Announcements

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2022 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EMAIL ALERTS
  • DAILY HODL MIX

© 2022 The Daily Hodl