Home Blockchain News Kakao’s Crypto Arm Rakes in $90 Million Through Members-Only ICO

Kakao’s Crypto Arm Rakes in $90 Million Through Members-Only ICO

by Rss Feed from web
195 views
cryptocurrency news feed

In yet another sign that the Crypto Winter is beginning to thaw, fundraising in the industry is once again alive and well. Ground X Corp, which is the crypto arm of South Korea-based mobile giant Kakao, has raised a cool $90 million in a private coin offering and is targeting the same amount in yet another fundraising round expected to kick off this week, Bloomberg reports. Ground X’s decision not to pursue a public crowdsale could be indicative of the regulatory ambiguity surrounding ICOs. Kakao-Backed Ground X Raises Major Capital Through Crypto Token Sale Ground X is behind a public

The post Kakao’s Crypto Arm Rakes in $90 Million Through Members-Only ICO appeared first on CCN

Click To Read Full Article

* First published on ccn.com

Related Posts

Leave a Comment