PwC, a Big Four auditor alongside KPMG, Deloitte, and EY, reported that 537 initial coin offerings (ICOs) conducted in the first five months of 2018 generated $13.7 billion. Where Did $13.7 Billion Come From and Where Did it Go? The report cited Daniel Diemers, the head of Blockchain EMEA at PwC Strategy, who in cooperation
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