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.
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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.
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Telegram CEO Pavel Durov can't be smiling after yesterday's ruling (Photo: Steve Jennings/Getty Images for TechCrunch)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."
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Chain is capturing more blockchain and cryptocurrency investment at the expense of the U.S (Photo: CDC Group).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%.
