US-China Crypto Report 2018 by Edith Yeung

Edith Yeung | @edithyeung | edith.co
US-China Crypto
Report 2018
中美区块链趋势
HANGZHOU
Edith Yeung
July 2, 2018

Edith YeungSelected
by
Inc's
Magazine
as
one
of
the
Silicon
Valley’s

investors
you
must
know,
Edith
Yeung
is
the
head
of

500
Startups
Greater
China
and
partner
of
500
Mobile

CollecFve
Fund.

Edith
invested
in
over
50
mobile,
AI
and
blockchain

startups.
machine
learning
startups,
including
Hooked
-‐

#1
reading
app
for
millennium,
DayDayCook
-‐
#1
Asian

Cooking
media
and
plaOorm,
Fleksy
(acquired
by

Pinterest),
Human
(acquired
by
Mapbox),
Silk
Labs

(acquired
by
Apple),
AISense,
Stellar,
Oasis,
The

Republic
Protocol,
Libra
Credit
Network,
Solana,
Perlin,

Quarkchain,
Hypernet,
Nervos
and
many
more.

Disclaimers
•  This session is purely for knowledge sharing
•  I cannot give you any investment or legal advice ☺.
•  I am not a lawyer or financial advisor.
•  Token investments are extremely risky
•  Please DO NOT invest in anything you don’t truly understand
and cannot afford to lose

人工智能

Bitcoin 比特币

Blockchain 区块链

Lambo 兰博基尼

Chive 韭菜
All in 梭哈

Crypto Chinese 101

Chinese People are Crazy about
Cryptocurrency….

Trend 1
Crypto World is Flat and Global.

A Few Chinese Project Have Reached over $1
Billion in Market cap including NEO, QTUM,
EOS, TRON, etc
h[ps://coinmarketcap.com/coins/

Trend 2
The Rise of Crypto Hedge Funds

Edith Yeung | @edithyeung | edith.coh[ps://mp.weixin.qq.com/s?
__biz=MzUxMDY2NjQxNA==&mid=2247484628&idx=3&sn=054fd60b89f50eaa410d3ed8b2520a67&chksm=f97e3715ce09be030263d5407739d0da0d6a1c32de912ecb7e5fa5459cbbe9c108214263ab10&mpshare=1&scene=1&srcid=0630goqllAwodE7V5v2BY56E&pass_Fcket=fGjC568
g%2B7evzOb%2Flzhue91%2FMi6WqTZ75MK55SB8u7%2FaBIK%2FzokZJQ6K1kq%2BS2Wn#rd

Fenbushi, INBlockchain, LinkVC are Some of
the Most Active Chinese Crypto Funds

Edith Yeung | @edithyeung | edith.coh[ps://mp.weixin.qq.com/s?
__biz=MzUxMDY2NjQxNA==&mid=2247484628&idx=3&sn=054fd60b89f50eaa410d3ed8b2520a67&chksm=f97e3715ce09be030263d5407739d0da0d6a1c32de912ecb7e5fa5459cbbe9c108214263ab10&mpshare=1&scene=1&srcid=0630goqllAwodE7V5v2BY56E&pass_Fcket=fGjC568
g%2B7evzOb%2Flzhue91%2FMi6WqTZ75MK55SB8u7%2FaBIK%2FzokZJQ6K1kq%2BS2Wn#rd

投资家 tracks over 150
Crypto hedge funds in
and outside of China
Polychain, BlockTower,
DeKrypt, Blockchain
Capital, Metastable,
A16Z, Pantera, etc

Trend 3
Infrastructure Protocols are Still
Investors Favorite

Perlin - DAG-based Protocol Using Avalanche
Consensus Focusing Compute-Intensive
Decentralized Applications
Crypto
Brieﬁng

Oasis Labs - Security and Scalability for Smart
Contracts
Crypto
Brieﬁng

QuarkChain - 2-layer Architecture to Create
Blockchain Scalability using Sharding
Technology.
Crypto
Brieﬁng

Trend 4
B2C Protocols are Rising in Asia

Nervos – Foundation for All Decentralized
Applications (dApp) & Blockchains Powers
Entertainment Industry and SNH48

ContentBox - Blockchain Infrastructure For The
Digital Content Industry

Cocos & CocoaChina are Launching New Token
for Gaming Industry

Trend 5
Private Sale is Raising More than
Crowd Sale

84% of all ICO Fundraising this Year Has Come
from Private and Presales
h[ps://news.bitcoin.com/icos-‐raised-‐2-‐billion-‐year-‐mostly-‐private-‐sales/

Benchmark, Sequoia Capital, KPCB Invested in
Telegram
h[ps://www.recode.net/2018/1/26/16937942/telegram-‐ico-‐cryptocurrency-‐venture-‐capital

With more than $500 million Raised in the First
Half of 2018, SAFT (Simple Agreement for
Future Tokens) is Drawing Regulatory Scrutiny
h[ps://www.marketwatch.com/story/what-‐is-‐a-‐sar-‐a-‐crypto-‐fundraising-‐method-‐drawing-‐regulatory-‐scruFny-‐2018-‐05-‐10

Trend 6
Asian Exchanges are the Driving
Force of Global Trading Volume

70% of Top 10 Crypto Exchanges by Highest
Daily Trading Volume Are Originally from China
1.  Binance 币安网
2.  OKEx
3.  CoinEx
4.  Huobi 火币Pro
5.  ZB.com ZB网
6.  Bithumb
7.  Upbit
8.  Bitfinex
9.  Bibox
10. HBTC
CoinMarketCap

Trend 7
Crypto is Eating the Fiat World

TRON has acquired BitTorrent for $140M and
Will Use BitTorrent to "Legitimize" its Business
h[ps://thenextweb.com/hardfork/2018/06/19/tron-‐bi[orrent-‐cryptocurrency/

Stellar in Talks to Acquire Blockchain Startup
Chain for $500 Million in XLM
h[ps://www.ccn.com/stellar-‐in-‐talks-‐to-‐acquire-‐blockchain-‐startup-‐chain-‐for-‐500-‐million-‐in-‐xlm-‐report/

Trend 8
Crypto Worldwide Scam Alerts

$9 Million a Day Is Lost in Cryptocurrency
Scams
h[ps://news.bitcoin.com/9-‐million-‐day-‐lost-‐cryptocurrency-‐scams/

Scam Alert - Celebrity Endorsement
h[ps://www.nyFmes.com/2017/10/27/technology/how-‐ﬂoyd-‐mayweather-‐helped-‐two-‐young-‐guys-‐from-‐miami-‐get-‐rich.html

Scam Alert - Claims of Pre-Planned Pump,
Guaranteed Returns
h[ps://www.nyFmes.com/2017/10/27/technology/how-‐ﬂoyd-‐mayweather-‐helped-‐two-‐young-‐guys-‐from-‐miami-‐get-‐rich.html

Scam Alert – Fake Website
h[ps://www.investor.gov/howeycoins

Scam Alert – Investors Can Purchase Token
With Any Major Credit Cards
h[ps://www.investor.gov/howeycoins

Scam Alert
Free Token Giveaway

Trend 9
Government Love/hate Relationship with
Crypto

Chinese Government Supports Blockchain
Technology and launched $1B Blockchain Fund
h[ps://www.coindesk.com/1-‐billion-‐blockchain-‐fund-‐launches-‐with-‐chinese-‐government-‐backing/

h[ps://www.cnbc.com/2018/05/30/chinese-‐president-‐xi-‐jinping-‐calls-‐blockchain-‐a-‐breakthrough-‐technology.html

On September 4 2017, China Has Banned all
ICOS
h[ps://techcrunch.com/2017/09/04/chinas-‐central-‐bank-‐has-‐banned-‐icos/

On September 11 2017, China Asked All
Domestic Bitcoin Exchanges to Shut Down
h[ps://www.theverge.com/2017/9/11/16288898/china-‐shutdown-‐rumored-‐bitcoin-‐exchanges-‐crackdown

US Securities & Exchange Commission
Appoints New Crypto Chief to Oversee Digital
Assets and ICOs
h[p://fortune.com/2018/06/05/sec-‐crypto-‐chief-‐valerie-‐szczepanik/

Securities and Exchange Commission Stated
that Ether Are Not Securities And Shouldn't be
regulated in the same way as stocks and bonds
h[ps://www.wired.com/story/sec-‐ether-‐bitcoin-‐not-‐securiFes/

SEC Issues Investigative Report Concluding
DAO Tokens, a Digital Asset, Were Securities
h[ps://www.sec.gov/news/press-‐release/2017-‐131

Trend 10
Blockchain is Biggest Buzzword for
Enterprises

Eastman Kodak NYSE Stock was up 44% after
KODAKone Token Announcement
h[ps://twi[er.com/sﬁegerman/status/950778999550152704?ref_src=twsrc%5EOw%7Ctwcamp%5Etweetembed%7Ctwterm
%5E950778999550152704&ref_url=h[ps%3A%2F%2Fwww.theverge.com%2F2018%2F1%2F9%2F16869998%2Fkodak-‐kodakcoin-‐blockchain-‐plaOorm-‐ethereum-‐
ledger-‐stock-‐price

Spin, an Electric Scooter Startup in San
Francisco, is Raising around $125M its Security
Token Offering (STO)
h[ps://techcrunch.com/2018/06/29/electric-‐scooter-‐startup-‐spin-‐is-‐ﬁnalizing-‐a-‐125-‐million-‐security-‐token-‐oﬀering-‐on-‐the-‐blockchain/

Overstock’s tZERO Raises $160M Security Token
Investment from GSR Capital
h[ps://cointelegraph.com/news/overstock-‐s-‐tzero-‐signs-‐le[er-‐of-‐intent-‐for-‐160-‐mln-‐security-‐token-‐investment

Tencent and CFLP will Work Together to
Develop Tencent Blockchain-TrustSQL
h[p://news.8btc.com/chinas-‐tencent-‐to-‐embrace-‐blockchain-‐logisFcs-‐and-‐help-‐smaller-‐enterprises-‐out-‐of-‐ﬁnancing-‐plight

Baidu has Developed a High-Performance
“Super Chain” Blockchain
h[ps://cointelegraph.com/news/internet-‐giant-‐baidu-‐unveils-‐energy-‐eﬃcient-‐super-‐chain-‐blockchain-‐protocol

Top 10 US-China Crypto Trends of 2018
1.  The crypto world is flat and global
2.  The rise crypto hedge funds
3.  Infrastructure protocols are still investors favorite
4.  B2C protocols are rising in Asia
5.  Private sale is raising more than crowd sale
6.  Asian exchanges are driving force of global trading volume
7.  Crypto is eating the fiat world
8.  Crypto worldwide scam alert
9.  Government love/hate relationship with Crypto
10. Blockchain is biggest buzzword for Enterprises

Final thoughts…

edith@500startups.com

@edithyeung
http://www.edith.co/
#newsletter
Follow me at …

US-China Crypto Report 2018 by Edith Yeung

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US-China Crypto Report 2018 by Edith Yeung