Can somebody please check on Ethereum? The smart-contract network’s market cap has plummeted from a high of more than $138 billion in January to below $18 billion as of today. Exacerbating the decline is the fact that Ethereum was the engine for 2017’s ICO mania, which seems to have dissipated: ICO fundraising in August was at its lowest level in 16 months, according to Autonomous Research.
Meanwhile, ConsenSys, the Ethereum behemoth that operates dozens of companies working on the network, is showing no signs of slowing down. We have exclusive details below on the company’s plans to expand its footprint to cities all over the world. And, one final reminder to register for our crypto conference call tomorrow. All your competitors will be listening as we discuss smart contract platforms, enterprise blockchain and ICO regulation, so don’t miss it.