After days of rumors flying around the cryptocurrency industry, investigation firm Chainalysis confirmed exclusively to Forbes it expects to raise $100 million venture capital at a $1 billion valuation as soon as next week. Last July Forbes named Chainalysis the first cryptocurrency company on its Next Billion Dollar Startups list. “We have like extremely low burn and very high efficiency in the company,” says Gronager. Lead investor, Lee Fixel, described Chainalysis as “the financial regulatory platform for the future of digital assets,” in a statement. Also today, Chainalysis published a report calling 2020 the year of institutional adoption of bitcoin, specifically mentioning hedge fund manager Paul Tudor Jones and Square as examples.

Source: Forbes November 20, 2020 19:16 UTC