CB Insight published “The Blockchain Report 2020”

Here are some summaries from the report

Funding dollars fell sharply but deal activities held steady

Funding dollars fell sharply (30%) in 2019 but deals activity were fell flat. (2%)

Deal activities are moving from the US to China.

In 2015, 51% of deals are in the US and 2% in China. However, 31% in the US and 22% in China in 2019.

US and China companies dominate funding (69%), while NEO Global Capital from China and Coinbase from the US were the two most active investors in 2019. The commitment to funding their own ecosystem.

Top 5 global blockchain funding deals in 2019 are Ripple ($200M), Figure ($103M), Proxicoin ($100M), Fanlity ($63M), Layer($52M).

Funding to cryptocurrency companies has dwarfed funding to enterprise blockchain

In 2019, Non-enterprise blockchain (cryptocurrency companies) funding was $2,356M while enterprise blockchain funding was $434M. And almost half of the funding to enterprise blockchain in 2019 came from one deal, Ripple raised $200M Series C in 2019.

Bitcoin price low correlate to other assets until the coronavirus

Coronavirus sell-off has shown Bitcoin still acts like a risk-on asset.

Governments take more part on blockchain

The central bank digital currencies (CBDC) have been discussed more on media. General-purpose is to replace cash for retail usage. However, it could threat the traditional banking system.

Governments have recently shown openness towards regulated ICOs. However some countries like the US shown openness to some areas of crypto, it is cracking down on others.

Without mentioned in CB Insight, Facebook launched the Libra project is also one key to speed up the discussions of CBDC.

Check more materials about Libra on Amazon

For 2020

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The Blockchain Report 2020