Smart money ignores BTC price correction as $800M set to flow into blockchain startups, Dec. 9

The return of Bitcoin (BTC) to levels below $ 50,000 has many market participants concerned about the legitimacy of their favorite pricing models. For venture capitalists and other smart money investors, the latest drop is nothing but noise. Instead, they see the emergence of an entirely new economy that is transforming business, redefining monetary value, and taking the internet to a new frontier.

This week’s Crypto Biz newsletter highlights four major funding deals from the blockchain world. Below is a concise version of the Thursday edition of our newsletter.