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Stockreport

Circle acquisition of Poloniex is just the beginning of likely consolidation in crypto [CNBC]

COMCAST (CMCSA)  More Company Research Source: CNBC
Last comcast earnings: 1/24 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: cmcsa.com/investors
PDF News Monday that digital payments company Circle has bought cryptocurrency exchange Poloniex is stirring speculation of more acquisitions in the young digital currency world. I think this is a really good sign for the industry. It shows that a lot of companies are going to start consolidating and that will bring [out] the best talent, said Erik Voorhees, an early investor in bitcoin who is now CEO of digital asset exchange ShapeShift. I think you're going to see a lot of that in 2018. These companies have so much capital at this point. Venture capitalists and other early stage investors put $1.06 billion into the crypto-economy in 2017, according to Lex Sokolin, global director of fintech strategy at financial research firm Autonomous Next. For the year so far, such investments stand at $323 million. Investment in crypto-economy ($ millions) Source: Autonomous Next The entire cryptocurrency market capitalization has also grown from around $20 billion at the [Read more]

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