Pricing the hype: Crypto companies valued at billions as market booms
Crunching the numbers: Analysts and industry experts weigh in on crypto firms like Coinbase and Kraken being valued in the billions. Cryptocurrency and blockchain firms are attracting billion-dollar valuations as the space continues to see major investment in 2021. The likes of exchanges Coinbase and Kraken have had mind-boggling numbers attached to their plans to raise funds, with the former set to go public through a direct listing and the latter preparing for a lucrative fundraising round.Since it formally announced its plans for a public listing, Coinbase has been tipped to be valued....
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Chainwashing is the perfect term, coined by R3’s Tim Swanson to describe the current “Blockchain, not Bitcoin” hype that is hopefully nearing its peak. Peak Blockchain Hype? There is a lot of hype around Blockchain or Distributed Ledger Technology (DLT) today. According to a new survey by Synechron among 200 financial services business and IT decision-makers across the US, UK and Europe, over two-thirds (67%) of companies in the industry are actively pursuing blockchain initiatives. Moreover, 94%, believe that key leaders (board members) have bought into developing blockchain projects.....
As Bitcoin garners more mainstream attention, crypto-centric startups are also scoring funding from VC firms to become crypto unicorns. The second half of 2021 just started and there is already a rise in the number of unicorns emerging in the crypto world as years of resistance towards crypto from mainstream investors start to fade.Since the year began, more than 50 cryptocurrency and blockchain-related projects have risen to the much-coveted unicorn status, with market analysts predicting more to come.A unicorn is a company that has been valued at more than one billion dollars by venture....
Despite the apparent bear market in digital assets, venture capital continues to allocate billions to crypto and blockchain startups. Billions and billions. That’s what venture capitalists are spending to get ahead of the curve in crypto. Their latest fixation is Ethereum layer-2 scaling solutions and Web3, an umbrella term that describes the next stage of the internet’s evolution. So, while the cryptocurrency market is in a state of extreme fear, smart money investors — TradFi folks who invest with expert knowledge — continue to pour countless sums into the space. This week’s Crypto Biz....
Shiba Inu has been one of the worst-hit in the crypto market retracement. Like any other meme coin, SHIB is highly volatile, following the hype, and once the hype had begun to die down, the price followed swiftly. SHIB, which was once in the top 10 cryptocurrencies by market cap after a tremendous rally in […]
According to statistics on Friday, May 13, the top stablecoins by market capitalization are currently worth $163.7 billion after the stablecoin economy was valued at close to $200 billion just last week. Of course, the climactic terrausd (UST) failure wiped out billions from the stablecoin economy, and Binance’s stablecoin BUSD has recently entered the top ten crypto market capitalization positions. Just as it caused carnage in the crypto economy, Terra’s recent downfall has caused a great shift within the stablecoin ecosystem.
The Stablecoin Economy’s Great Shift....