As venture capital firms continue to flood the crypto... - Deepstash
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<p>As venture capital firms co...

As venture capital firms continue to flood the crypto and digital asset space with more money, a stampede of unicorns is emerging unlike anything the space has ever witnessed.

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According to Crunchbase data, 18 unicorns—companies with a valuation of $1 billion or more—have been newly minted this calendar year. That’s about two-thirds of the total amount of unicorns in the crypto space in total.

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Why now?

There is no hot trend, rather, it is the maturation of the industry and everything that goes along with that evolution that is making companies like Bitpanda , Ledger and BlockFi hit the magical unicorn mark.

One of the main aspects of that maturation is the buildup of the ecosystem around ...

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  • France-based security and infrastructure solutions provider Ledger raised a $380 million Series C at a $1.5 billion valuation in June.
  • New York-based Fireblocks , which helps with a variety of business issues around di...

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Financial services companies like Visa and PayPal have made clear bets in the sector, and even Facebook has plans ...

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TaxBit recently became a unicorn in the crypto space when it closed a $130 million Series B earlier this month. The company has raised $230 million this year alone.

TaxBit’s Series B serves as a good example of another trend the crypto industry is seeing: Big growth and institutional invest...

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“There definitely is rising interest in ‘pick-and-shovel’ companies in the space,” said Austin Woodward , co-founder and CEO of Utah-based TaxBit , which provides tax and a...

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#engineering, #machinelearning and #crypto

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What’s a taxable event?

A taxable event is a transaction or activity you're required to pay taxes on.

  • A taxable event in one country might not be one in another. 
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