Analysis: Blockchain tech
Cryptocurrencies have already become too big to be ignored by investors or regulators. By the time of the writing, the total estimated market capitalisation of tracked cryptocurrencies stood at $162bn, according to data from CoinMarketCap.com. Two cryptocurrencies actually account for the biggest proportion of this figure – Bitcoin at $91.6bn and Ethereum at $29.3bn.
The growing size of the cryptocurrency market has been driven, most recently, by so-called initial coin offerings (ICOs), in which a number of crypto-tokens are sold…