One in 2 ICOs failed in the 2nd quarter — and those that succeeded suffered huge losses

The amount of funding raised through "initial coin offerings" rose from $3.3 billion in the first quarter to $8.3 billion in the second, according to a new report.
But the proportion of funding campaigns that failed also rose to 55%, leading analysts to say the quality of projects in the market had "significantly worsened."
The average return for ICO tokens in the quarter was -55%, compared with a gain of nearly 50% in the first quarter.
LONDON — Money continues to flood into the booming m