Growing list of billion-dollar crypto ‘unicorns’ suggest the best is yet to come
More than 53 blockchain projects have emerged as multi-billion dollar market cap crypto unicorns, a signal that the 2021 bull market is just getting started. In the traditional investing world ‘unicorn’ is a term used by venture capitalists to describe a privately held startup valued at more than $1 billion. Typically these startups have strong fundamentals and oftentimes a first-mover advantage that helps them rapidly rise in value to become prized investment opportunities for yield-seeking funds. Some of the best-known unicorns include Elon Musk’s SpaceX, a private rocket and spacecraft....
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Bitcoin’s market capitalization has swiftly surged past the $ 8 bln dollar mark, and even momentarily broke the the $ 9 bln mark. However, it is still a good while off its historical highest point of 13.8 billion dollars of November 2013. 9 billion dollar market capitalization. On Saturday, June 4th 2016, Bitcoin surpassed the 9 billion dollar market capitalization mark for the first time since February 2014. Although this was only a temporary change, it is testament to the rising acceptance of the cryptocurrency and its associated rising price. However, as Reddit user, /u/chuckymcgee,....
More than 1.1 million bitcoin or over $30 billion worth of the crypto asset is held by a myriad of companies, according to the web portal bitcointreasuries.org. The massive stash of bitcoin reserves held by well known companies started swelling after the billion-dollar firm Microstrategy purchased $250 million worth of bitcoin in August. Now there are 29 firms that are holding the cryptocurrency in place of traditional reserves like stocks and cash. There’s been a new trend lately, as a great number of prominent companies have decided to leverage bitcoin (BTC) for reserves rather....
There are now 19 billionaires on the crypto-rich list as seven more join the ranks of the industry’s wealthiest executives and founders. The Forbes crypto billionaires list has been updated, and the number of individuals who have made vast fortunes in digital assets has increased substantially.The crypto elite list now has 19 billionaires on it, which is seven more than last year and expands the list by 58%. The publication released its latest crypto richest on April 5, but the king of the crop remains unchanged.Binance CEO and founder Changpeng “CZ” Zhao is still the richest man in the....
Fresh reports from South Africa suggest another local company, Sygnia, is set to apply to the Johannesburg Stock Exchange (JSE) to list a new cryptocurrency exchange-traded fund (ETF). This application will be the second time Sygnia has attempted to list the crypto ETF. A similar application in 2017 was rejected by JSE on grounds that the bourse was “not ready to approve cryptocurrency listings.” However, according to a report which quotes the company’s CEO, David Hufton, Sygnia plans to re-apply for an ETF using the same design structure from 2017. In remarks, Hufton....
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....