• Crypto funding shifting from US to China
    Cryptocurrencies

    Go East: Crypto funding shifting from US to China, report says

    In 2015, just 2% of cryptocurrency and blockchain deals were for Chinese companies. Fast forward four years to 2019, and the figure soared to 22%

    In it Blockchain Report 2020, CBInsights said 51% of deals in the industry were for US-based companies four years ago, while only 2% was earmarked for Chinese businesses. According to the latest figures, China’s share of deals is 22% in 2019, while America’s share dwindled to just 31%.

  • Kathleen Breitman
    Alt coins,  Cryptocurrencies,  People,  Technology

    Tezos to settle $232 million ICO lawsuit

    Plaintiffs have been seeking up to $25 million in damages amid allegations that the Tezos initial coin offering was an unregistered securities sale

    The Tezos Foundation announced on March 20 that it has entered into a settlement concerning a consolidated class action lawsuit worth $25 million.

  • CBInsights funding crypto blockchain fell 30%
    Cryptocurrencies,  Technology

    Funding for crypto and blockchain projects fell 30% last year, report finds

    It isn’t all bad news, according to CBInsights. Projects haven’t dried up entirely, it’s just that each of them is receiving less financing on average

    The CBInsights’ Blockchain Report 2020 reveals that, despite the substantial decline in funding dollars, the number of deals backed by venture capital firms was relatively steady—falling just 2% year on year. To cut a long story short, projects haven’t dried up entirely… it’s just that each of them is receiving less financing on average.

  • Sen, Kelly Loeffler Bakkt stock sales
    Commentary,  People,  Politics,  Regulation

    Sen. Loeffler Bakkt into corner by ‘timely’ stock sales

    The former CEO of the Bakkt cryptocurrency exchange sold at least $1 million in stocks after a private senate briefing on coronavirus made clear a market-tanking pandemic was coming

    It is “ridiculous” to think that former Bakkt CEO and current Sen. Kelly Loeffler (R-Ga.) would know that she began selling several million dollars’ worth of stock beginning the same day a private senatorial briefing on coronavirus made clear they would soon tank.