Coinbase topped the Fintech 250 list released on Sept. 1 as the most-funded business in the crypto category. Given how rumors have been swirling of a potential stock market listing—potentially as early as this year—it’ll likely be one to watch.
CBInsights State of Fintech report reveals some opportunities for crypto companies
Unprecedented levels of growth in eCommerce could be an opportunity for crypto-focused companies to reduce friction in digital payments
The State of Fintech Q2 2020 report, produced by CBInsights, estimates that eCommerce could represent 27% of U.S. retail sales in 2020—two-thirds higher than in 2019. According to the report’s authors, reducing friction in payments will be crucial as levels of online spending remain heightened.
Court to Telegram: $1.7 billion gram token sale is likely illegal
The Securities and Exchange Commission has a ‘substantial likelihood’ of winning an ICO test case against the messaging app firm’s planned sale of gram tokens for its TON blockchain
A federal judge issued a preliminary injunction stopping Telegram's planned resale of $1.7 billion in gram tokens, saying it is "part of a larger scheme to distribute those Grams into a secondary public market."
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%.