What the Hell Is an Initial Coin Offering?

The ICO boom looks a lot like a bubble, but at its heart is a genuine innovation.

Bitcoin logos are displayed at the Inside Bitcoins conference and trade show in New York — AP Photo/Mark Lennihan

By Mike Orcutt

The ICO boom looks a lot like a bubble, but at its heart is a genuine innovation.

Initial coin offerings are all the rage. Dozens of companies have raised nearly $1.5 billion via the novel

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