Crypto Deal Flow: July 22
On July 22, only 1 large deal in cryptocurrencies took place, but for a very significant amount:
- Cardano | $340m | Funding for Cryptocurrency Credit Card in Europe
UPDATE! Cardano reports that somebody gave fake news. In crypto space sometimes it happens unfortunately.
Fake news: Cardano will receive an additional 340 million dollars for the development of the project with credit cards. The investor’s name was not disclosed. It is expected that the launch of the card could take place before the end of the year. Since the beginning of the year, the ADA token has grown by + 270% and began to occupy the sixth place in the ratings of cryptocurrencies. ICO investors have increased their dollar capital 50 times in 3.5 years, ICO was still at the end of 2016.
Interesting event that can lead to big deals will happen today. An online presentation to be published on Thursday, July 23, 2020 to detail the coming initial coin offering intended to back ALYI’s electric vehicle strategy in Africa. On June 30, 2020 ALYI entered into a letter of intent (LOI) for a $25 million first tranche investment to fund ALYI’s overall $300 million electric mobility initiative in Africa. The planned ALYI investment is one component of the investor’s overall $100 million initial cryptocurrency offering (ICO) strategy. The investor is independently launching an ICO dedicated to funding ALYI’s overall $300 million electric mobility project in Africa with future plans to fund additional electric mobility initiatives in Africa. The investor has already partitioned a cryptocurrency on the Ethereum Blockchain in advance of the planned ICO.