A $675 Million Deal to Purchase a Famous New York Hotel With an Initial Coin Offering Is Tanking

Retrieved on: 2018-04-08 07:37:30

Tags for this article:

Initial coin offering

New York

Economy

NBCUniversal

CNBC

Television in the United States

Click the tags to see associated articles and topics

A $675 Million Deal to Purchase a Famous New York Hotel With an Initial Coin Offering Is Tanking. View article details on hiswai:

Excerpt

<div>Investors are walking away from a $675 million deal to purchase New York's storied Plaza Hotel, in part by raising $375 million via an <b>initial coin offering</b>—a largely unregulated form of investment vehicle in which investors are offered cryptocoins instead of traditional stock. Per Business Insider, sources ...</div>

Article found on:

View Original Article