The so-called “crypto winter” has undoubtedly been tough on a majority of this ecosystem’s upstarts, even those with supposedly colossal war chests and copious amounts of talent. Heck, earlier this week, Ripple cut Bloomberg alumni Cory Johnson, the fintech firm’s chief market strategist, due to shifts in the Bitcoin winds.<\/p>\n
Bitmain, Huobi, and ShapeShift<\/a> are also among industry powerhouses that have mandated staff cuts to bolster their bear market bottom lines. Other firms, such as Giga Watt and Liqui<\/a>, have collapsed entirely.<\/p>\n But interestingly, it seems that the crash in the Bitcoin price hasn’t deterred opportunities. Even in trying times,\u00a0money from ambitious venture capitalists and visionaries alike have continued to rush into this space, no holds barred.<\/p>\n Ever since it secured $16 million in its Series A funding round during 2018, Chainalysis has become an integral but little-known\u00a0mainstay in this space. For those who missed the memo, the company, which has headquarters in New York, is a blockchain research and software provider that has played a role in the back offices of the cryptosphere.\u00a0While the company’s premise may seem boring for most, investors have become enamored with what the team has accomplished, and what it intends to do.<\/p>\n In fact, in a press release<\/a> issued Tuesday, Chainalysis divulged that it had scored over $30 million in funding for its Series B round, led by Accel, a Palo Alto-based venture group that also has investments in Circle.<\/p>\n Excited to announce our latest funding round of $30m led by @Accel<\/a> to support strategic product development of new cryptocurrency use cases and a new office in London! Read more: https:\/\/t.co\/0Rn2li4wkO<\/a><\/p>\n — Chainalysis (@chainalysis) February 12, 2019<\/a><\/p><\/blockquote>\nBlockchain Analytics Group Finishes Series B<\/h2>\n
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