Bitcoin OG bets surprising sum on BTC hitting $100K before the halving
Blockstream CEO Adam Back, one of the crypto’s early pioneers, is pretty confident Bitcoin will hit an all-time high of over $100,000 before Bitcoin's halving in 2024 — and is willing to drop a million wagering on it.In an Aug. 7 conversation on X (formerly known as Twitter), B ...
Venture capital’s ICO gambits left Bitcoin ecosystem underfunded – Adam Back
Initial coin offerings (ICOs) may have hampered the development of the Bitcoin ecosystem, with market research reflecting a massive slant towards non-Bitcoin investments by venture capitalists over the past five years.Blockstream CEO Adam Back highlighted the juxtaposition between the lack ...
Cryptocurrency Companies Raised $2.6 Billion in Q1 2023, Marking a Decline in Investment Activity
In the first quarter of 2023, cryptocurrency companies raised a total of $2.6 billion in 353 rounds of investment. The analytical platform PitchBook wrote about it in a report. The platform's experts noted an 11% decrease in deal value and a 12.2% decrease in the total n ...