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Forbes Article, Binance Profit, Mitsubishi Investment

04/18/2019
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Forbes investigated the blockchain, Binance profits rose sharply. The largest Japanese bank Mitsubishi invested in the cryptocurrency startup Chainalysis.

Forbes blockchain statistics

Forbes magazine conducted a study of the interest of large companies in the blockchain technology. As it turned out, most large companies with annual revenues of $ 1 billion in one way or another are active in the cryptoindustry. And the most popular among them are solutions based on Hyperledger. Then come Bitcoin, Ethereum and Corda. Some companies use their own development. Oracle, IBM and JPMorgan followed this path.

Over the past year, investment in the development of blockchain solutions grew by 89% to $ 2.9 billion. Experts predict that in two years this figure will reach $ 12.4 billion. With the help of the blockchain, big business hopes to optimize its business processes, which in the future will bring savings of tens of billions of dollars.

Forbes blockchain statistics

Binance profit increased by 66%

According to The Block, the first quarter of 2019 brought a profit of $ 78 million to the Binance cryptocurrency trading platform. This is 66% more than in the previous period. Although the exchange itself does not publish profit and loss reports in the public domain, such data can be obtained from indirect sources.

The company “burns” BNB tokens in order to maintain their value, and the number of coins destroyed corresponds to 20% of the income received. It was expected that in 2018, Binance would make a profit of $ 1 billion. However, the market decline led to a reduction of this amount to $ 446 million. Now the site has a chance to catch up, in recent weeks, the activity of buyers and sellers of cryptocurrency has increased significantly.

Binance profit increased by 66%

Mitsubishi invests in Chainalysis

Chainalysis was able to attract additional funding of $ 6 million. So much it received from the largest Japanese bank Mitsubishi UFJ Financial Group and the company Sozo Ventures. In total, the startup has raised $ 36 million, which will allow it to activate the development program.

The product from Chainalysis allows tokens holders to analyze the state of the market and their own assets. During the year, the number of its clients doubled, and the amount of profit under one contract increased 16 times. Chainalysis products can be used in a very wide range of activities, up to control over the illegal circulation of funds. They are able to track transactions that may be contrary to current legislation.

Mitsubishi invests in Chainalysis

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