Record-breaking October sees nearly $80 million in crypto investment activity
October has been a record-breaking month for Bitcoin-related investment activity, with $78.9 million pouring into the industry. This is nearly double the combined $41 million from August and September.
There were 12 deals reported in October, while September had 6 and August had 8, according to the DC Magnates Crypto Deal Table.
Virtually all of the investment activity came in the form of venture funding, at varying stages (Seed, Series A, etc).
Blockchain saw the biggest contribution- $30.5 million, led by Lightspeed Ventures and Wicklow. Their round ranks among the highest all-time in the industry.
Continuing its aggressive expansion in the space was BitFury- both as investor and as investee. The mining giant got a $20 million injection from Bill Tai and Georgian Co-Investment Fund (GCF). This is in addition to another $20 million from GCF announced in June. They also invested an undisclosed amount into GoCoin, and did the same in September with BitGo.
Crypto traders will also be encouraged by venture capital steps to enhance their playing field. Melotic, a Hong-Kong based exchange with a focus of enhanced Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent , got $1.175 million in a round led by Ceyuan Ventures.
Also notable was Coinplug's $2.5 million, which it put together through local investors in South Korea. The company aims to be an all-in-one bitcoin portal, including a wallet, micro-Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl , merchant integration, ATM and exchange service.
October has been a record-breaking month for Bitcoin-related investment activity, with $78.9 million pouring into the industry. This is nearly double the combined $41 million from August and September.
There were 12 deals reported in October, while September had 6 and August had 8, according to the DC Magnates Crypto Deal Table.
Virtually all of the investment activity came in the form of venture funding, at varying stages (Seed, Series A, etc).
Blockchain saw the biggest contribution- $30.5 million, led by Lightspeed Ventures and Wicklow. Their round ranks among the highest all-time in the industry.
Continuing its aggressive expansion in the space was BitFury- both as investor and as investee. The mining giant got a $20 million injection from Bill Tai and Georgian Co-Investment Fund (GCF). This is in addition to another $20 million from GCF announced in June. They also invested an undisclosed amount into GoCoin, and did the same in September with BitGo.
Crypto traders will also be encouraged by venture capital steps to enhance their playing field. Melotic, a Hong-Kong based exchange with a focus of enhanced Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent , got $1.175 million in a round led by Ceyuan Ventures.
Also notable was Coinplug's $2.5 million, which it put together through local investors in South Korea. The company aims to be an all-in-one bitcoin portal, including a wallet, micro-Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl , merchant integration, ATM and exchange service.