Initial coin offerings (ICOs) have the potential to dramatically change how firms raise funds enabling less costly, more transparent, more accessible, and faster access to capital. The total amount of funds raised by ICOs was over $5.6 billion in 2017. However, in 2018, the market capitalization has fallen from $57...
In this report, Biasi and Chakravorti study the rapidly growing although extremely volatile initial coin offering (ICO) market. We identify which traditional markets are being disrupted by ICOs. We discuss the necessary infrastructure needed to support this market. We analyze market dynamics in terms of volatility, global presence, the impact...
Recent headlines like: “ Bitcoin Mania: Even Grandma Wants In on the Action” and “ When Grandma and Grandpa Join the Frenzy, You Know Bitcoin Is Turning into a Bubble,” suggest that bitcoin has become part of the common man’s conversation. Recently, the value of bitcoin eclipsed $19,000 after starting...
Bob Chakravorti was a guest lecture in Heather Russell's graduate law FinTech Program at Boston University Law School. Bob discussed the potential roles for cryptocurrencies and blockchains in finance.