Despite Crypto Winter Fundraising In 2022 Overshadows Previous Year’s Record
The wave of the crypto winter in the first half of 2022 was quite devastating. The price drop in almost all the cryptocurrencies brought down the value of the market by more than 50%. The losses were considerably massive that many investors and even miners resorted to selling off holdings to wane off the effect. […]
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Investments received by Canadian fintech firms in the year of 2016 has surpassed that of the United States, United Kingdom, and Singapore. Canada is surpassing the United States in the fintech sector. The changing status quo is quite evident from the scale of investments received by Canadian fintech startups compared to their counterparts in the United States. It is reported that the Canadian fintech sector in 2016 received the highest amount of venture capital backed funds since the past two decades. The funds raised by Canadian blockchain and fintech companies is said to have increased....
While cryptocurrency markets have seen poor performances during the first two quarters of 2022, a recently published fundraising report authored by Messari researchers notes that $30.3 billion was raised by crypto projects and startups during the first half of 2022. The $30.3 billion raised across 1,199 fundraising rounds surpasses all the funding blockchain startups and projects obtained last year.
H1 Crypto Ecosystem Funding Report Shows Capital Continues to Flow Despite Crypto Winter
A significant sum of money has been injected into specific blockchain projects and startups....
The 2022 bear market has been brutal as more than $2 trillion in value has been wiped away from the crypto economy. In addition to record values lost, the crypto winter has managed to break a number of popular bitcoin price models like the rainbow price chart and Plan B’s infamous stock-to-flow model. Moreover, since May 11, 2022, the well known power-law corridor model or logarithmic growth curves chart has also broken, and it’s deviated below the lower band for roughly 86 days.
A Deviation From the Norm: 2022’s Bitcoin Bear Market Breaks Some of the Most Popular....
The 2022 Winter Olympics in Beijing were the first time the entire world heard about China’s first official digital currency: the digital yuan. According to a Reuters report quoting officials from the People’s Bank of China (PBoC), the 2022 Winter Olympics participants, tourists, and organizers might be spending more than $300,000 everyday in China’s digital […]
During the winter, Voyager Digital fell due to its outstanding liquidity issues. As a result, the firm filed for Chapter 11 bankruptcy in July to assist it with the situation after halting withdrawals on its platform. The crypto winter for 2022 was a drastic one that tumbled almost all the cryptocurrencies. Coupled with the collapse […]