Saint Petersburg will soon host a major international IT event: the ICO-Hypethon. This event will be hosted by Crypto Friends and sponsored by the Waves Platform and Eberhard Lindfordt.

Hypethon is expected to draw more than 1,000 visitors over a two-day period and will feature workshops, meet-and-greets with industry leaders and presentations from promising startups. These startups will be competing for Angel funding in order to get their projects off the ground, and ultimately intend on hosting ICOs to sell their tokens to crypto investors. […] Source :

The ICO Hype

ICOs are a great resource for funding projects that will use the blockchain technology. However, their unregulated nature has been criticized widely leading to the public questioning their validity.

The SEC has announced the ICO space will be regulated, which should bring back confidence for investors. Until then, investors will need to do their homework and remain careful with all the new ICOs.

Interesting Stuff

DEFINITION of ‘Initial Coin Offering (ICO)’

An unregulated means by which funds are raised for a new cryptocurrency venture. An Initial Coin Offering (ICO) is used by startups to bypass the rigorous and regulated capital-raising process required by venture capitalists or banks. In an ICO campaign, a percentage of the cryptocurrency is sold to early backers of the project in exchange for legal tender or other cryptocurrencies, but usually for Bitcoin.

source: Investopedia