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China’s investment in blockchain in 2019 decreased by 40%

  • CRYPTO MINING BLOG
  • Jan 28, 2020
  • 3 Comments So far
  • China
  • Crypto News

Xinhua, the state-owned Chinese publication, conducted a study according to which last year, investment in blockchain in the country was reduced by 40%. The report says that if in 2018 in China 604 transactions were concluded to invest and finance blockchain companies, then in 2019 their number dropped to 245. Funding volumes also decreased from about $ 6 billion to $ 3.6 billion.

However, even despite a decrease compared to 2018, investment volumes increased significantly relative to 2017 results. According to the report, almost half of the investment volume (43.3%) of blockchain companies is received at the initial stage of fundraising – during the round of financing series A.

At the same time, the volume of strategic investments, mergers and acquisitions in the second half of 2019 increased. Blockchain financing was attended by 292 institutional investors. The most popular cities for starting a blockchain business are Beijing, Shenzhen and Hangzhou.

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bitcoin btcGermany’s central bank believes Bitcoin does not threaten financial stability More than half of LTCs have been in motion wallets for over a yearCryptocurrency world news on 01/13/2020 Only 8% of Ethereum addresses are “profitable”Only 8% of Ethereum addresses are “profitable” Cryptocurrency and Mining News Расчёты в биткоинах на Bakkt стали использовать чаще, но об опционах не вспоминали неделюBakkt began to use bitcoin calculations more often, but they didn’t remember about options for a week Crypto News Chainalysis: Востребованность биткоина в даркнете продолжила расти в 2019 годуChainalysis: the demand for bitcoin in the darknet continued to grow in 2019 Survey: 55% of U.S. private and public organizations fall victim to ransomware in 2019Survey: 55% of U.S. private and public organizations fall victim to ransomware in 2019 uber blockchainUber has signed an agreement to launch a blockchain. bitcoin-2584The University of Arizona uses blockchain to transfer and store data. Implementation of Sharding technology from the TERA blockchain platformImplementation of Sharding technology from the TERA blockchain platform Chinese banks are actively implementing the blockchain Crypto NewsChinese banks are actively implementing blockchain
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