Thursday, September 28, 2017

StartEngine Joins ICO Bandwagon

Los Angeles-based equity crowdfunding site StartEngine is looking to get into the "initial coin offering" (ICO) market, saying that it is planning on becoming one of the first crowdfunding portals to accept Initial Coin Offerings. According to the company, it's planning on running a conference on November 10th, featuring people from the industry, former SEC attorneys, and companies planning to launch their own ICOs. Initial Coin Offerings are an offshoot of the Blockchain protocol, the technical underpinnings of Bitcoin, which allow companies to use Blockchain to offer up securities to people as way to fund their companies. Los Angeles area early stage startup "studio" Science also has jumped into initial coin offerings, saying last month it is launching a $100M ICO to fund its next set of startups.