Report Shows That Israeli Startups Have Raised Over $600m Through ICOs This 2018

One Alpha has released the first Isreali Blockchain report, whose data states that Isreali has received funds up to $606 million in ICOs, as at the third quarter of 2018. By this revelation, Israeli unlike other countries has not been greatly affected by the unstable prices and has been said, to be the best in the world based on the funds raised per ICO ratio.
The study was carried out by the cryptocurrency analytics firm, One Alpha, and it discovered that 88% (out of $1.3 billion) of the funds generated, and 60% (out of 140) of Blockchain companies in Israeli were ICO-related. In line with that, the Israelis startups through ICO were able to raise $606 million between the first and third quarter of the year.
Comparing this data to that of 2017, only $586 million was raised and from less than 20 ICOs. But in 2018, more ICOs have emerged which led to the high amount that was invested. One Alpha states that the second quarter of 2018 had the highest number of executed ICOs, while the most profitable ICOs were in the first quarter of the year.
This data was further broken down to show that $33 million, $158 million, $152 million, and $230 million were respectively raised in the first, second, third, and fourth quarter of 2017. On the contrary, $265 million, $315 million, and $17.42 million were raised in the first, second, and third quarter of 2018.
The CEO of One Alpha, Yaniv Feldman, noted that the capital invested by Israelis accounts for about 3 to 5 per cent of the capital raised globally by investors. This is a significant amount because this country makes less than 0.1% of the world’s population.
One Alpha also stated that the country would significantly determine the future of cryptocurrencies. This was attributed to the fact that the law regulating virtual currencies in Isreali, was the most advanced in the world. At the same time, the central bank of Israel and the Israeli tax authority consider Cryptocurrencies as intangible assets.
The data in the report also shows that the leading ICOs in 2018, based on the capital that was raised, are EOS ($4.2 billion), Telegram ($1.7 billion), TaTaTu ($575 million), Dragon ($420 million),  tZERO ($328 million), Huobi Token ($300 million), Bankera ($151 million), and Basis ($133 million).
By the comparisons made by One Alpha, the funds raised globally in 2018 ($20 billion) through ICOS  was higher than that raised in 2017 ($7 billion). In the same vein, Binance, OkEx, Bithumb, Bitmex, Huobi, and Bitfinex were rated as the top crypto exchanges in the world. Others worth mentioning were Gemini Poloniex, Kraken, Bittrexx, GDAX, and Upbit.

Related posts
cryptocurrencyDOGEdogecoinDOGEUSDElon MuskNews

More Than Just A ‘Joke Coin’: Elon Musk Reveals How He Feels About Dogecoin

For a long time, DOGE skeptics have wondered what Billionaire Elon Musk found promising about the meme-asset. And as if the Tesla CEO set out to answer their questions today, he disclosed in a very recent tweet, why he believes…
Bank of EnglandBitcoin NewsbtcusdBTCUSDCBTCUSDTcryptocurrencyCryptocurrency NewsNewsxbtusd

Bank of England Governor Andrew Bailey is Giving Crypto a Thumbs Down — Here’s Why

The Governor of the Bank of England, Andrew Bailey, at the World Economic Forum, Davos, Switzerland; on Thursday, passed a vote of no confidence on cryptocurrencies, stating that investors must get ready to suffer total investment losses eventually. “Bitcoin has no…
cryptocurrencyDOGEdogecoinDOGEUSDElon MuskNews

Be Careful! Elon Musk Warns As Dogecoin Soars On SNL Eve

In the warm-up to a special Saturday Night Live Edition featuring the self-acclaimed billionaire dogefather, Elon Musk, Dogecoin (DOGE) has recorded tremendous speculative success and is currently sprinting past the $0.6 mark in a bid to cross the $1 epic…