TaxBit Named to the 2022 CB Insights Blockchain 50 — List of Most Innovative Blockchain Startups – Yahoo Finance

NEW YORK, March 1, 2022 /PRNewswire/ — CB Insights today named TaxBit, the leading tax and accounting software provider for the tokenized economy to its second annual Blockchain 50, which showcases the 50 most promising blockchain and crypto companies in the world.
TaxBit Named to the 2022 CB Insights Blockchain 50 — List of Most Innovative Blockchain Startups
The 2022 Blockchain 50 cohort has raised $17.1B in aggregate funding across over 200 deals since 2016 and includes startups at different investment stages of development, from early-stage companies to well-funded unicorns.
"2021 was the year blockchain entered our mainstream vocabulary," said Brian Lee, SVP of CB Insights' Intelligence Unit. "It powers some of our most innovative and cutting-edge technologies. Last year, we saw incredible success from the Blockchain 50 winners. This year, included among the winners we have 31 unicorns, 41 mega-rounds, and representation from 15 countries. We're excited to follow their journeys and see their success in 2022."
"Blockchain technology has incredible potential, and we're still in the early innings. In 2021 we saw unprecedented growth across the industry and throughout the regulatory landscape, CEO TaxBit. "We've been anticipating regulation on the information reporting front for years," Woodward said.
Taxbit unifies digital assets tax and accounting across enterprises, consumers and governments at scale. Their customers include industry-leading exchanges, protocols, and TradFi's along with retail consumers looking for best-in-class software. TaxBit recently announced, TaxBit Network, the first-of-its-kind network to provide FREE 2021 cryptocurrency tax forms to all users of supported TaxBit Network companies and the expansion of their US presence with a Washington D.C. office.
Through an evidence-based approach, the CB Insights research team selected the Blockchain 50 from a pool of over 3,000 companies, including applicants and nominees. They were chosen based on several factors, including data submitted by the companies, company business models and momentum in the market, and Mosaic scores, CB Insights' proprietary algorithm that measures the overall health and growth potential of private companies.
2022 Blockchain 50 Investment Highlights:
Unicorns: 31 of the 50 companies (62%) are valued at or above $1B as of their latest funding round.
Funding trends: These 50 companies raised $13.2B in equity funding in 2021 across 83 deals (excluding token sales).
Mega-rounds: In 2021, there were 41 mega-round ($100M+) equity investments to this year's Blockchain 50, nearly half of the total deal count.
Global representation: This year's winners are based in 15 countries, with 44% of the companies based outside of the US. After the US (28 companies), the UK is home to the second most Blockchain 50 companies (5), followed by Canada, France, Singapore, and Switzerland (all at 2).
Top investor: Coinbase Ventures is the most active investor in this year's Blockchain 50, having invested in 16 of the 50 companies. Andreessen Horowitz is second with 14 companies, followed by Paradigm at 13.
About CB Insights
CB Insights builds software that enables the world's best companies to discover, understand, and make technology decisions with confidence. By marrying data, expert insights, and work management tools, clients manage their end-to-end technology decision-making process on CB Insights. To learn more, please visit
CB Insights Press Contact:
About TaxBit
Designed by CPAs and tax attorneys, TaxBit is the leading tax and accounting solution for the tokenized economy. TaxBit's platform serves the industry's top exchanges, institutional investors, governments, and individuals. TaxBit has raised over $230 million from the world's-top investors in order to enable widespread digital asset adoption by automating the regulatory hurdles of tax and accounting compliance at scale. TaxBit has HQ in Salt Lake City and Seattle. To learn more visit:, Twitter, LinkedIn.
TaxBit Media Contact:
View original content to download multimedia:—-list-of-most-innovative-blockchain-startups-301493004.html
McDonald's franchisees, for example, pushed back against the chain's legendary dollar menu to the point that corporate had to revamp it into the current $1, $2, $3 menu. If a restaurant owner was already upset at the price being charged for low-end hamburgers and chicken nuggets or various other value offerings, they're likely to be very angry as those items cost them more in the first place. Now, Restaurant Brands International's Burger King's largest franchise owner has decided to do something about its rising costs and customers are not going to like it.
Russian oil trade was in disarray on Tuesday as producers postponed sales, importers rejected Russian ships and buyers worldwide searched elsewhere for needed crude after a raft of sanctions imposed on Moscow over the war in Ukraine. Numerous nations imposed sweeping sanctions against Russian companies, banks and individuals following Russia's invasion of Ukraine last week and global majors announced plans to leave multi-million-dollar positions in Russia. U.S., European and other governments exempted energy trade from sanctions to prevent already tight markets rallying further, but that has failed.
The west continues to roll out sanctions against Russia for invading Ukraine. The restrictions have decimated the value of Russia’s currency—which should make Russian products cheaper in the global marketplace. Russia’s largest exports by far are fuels and oil.
Yahoo Finance's Jared Blikre reports on Salesforce earnings and how the stock is popping after the market close.
(Bloomberg) — Chinese power plants and steelmakers are looking for alternatives to Russian coal after some domestic banks suggested they avoid purchases due to the mounting sanctions being imposed on Moscow. Most Read from BloombergRussia Steps Up Aerial Campaign Against Cities: Ukraine UpdateBelarus Preparing to Send Soldiers, Report Says: Ukraine UpdateTeen Who Tracked Elon Musk’s Jet Is Now Chasing Russian TycoonsWorld’s Biggest Plane Destroyed in Russian Attack on AirfieldMicrosoft Says Son
Maersk joins global shipping boycott cutting off Russia Explainer: How the West's sanctions are hurting Russia FTSE 100 slides 1.7pc as Ukraine jitters linger Ambrose Evans-Pritchard: It is time to drop an energy cluster bomb on the Kremlin Sign up here for our daily business briefing newsletter
The most popular cryptocurrency has received the support of a recognized startup whose valuation is estimated at more than $8 billion.
Large U.S. shale producers—from the most indebted to the least—are all sticking to the same script.
Despite being the top global producer, the U.S. uses Russian crude to service more-isolated coastal markets and keep refineries running at optimal levels.
(Bloomberg) — The invasion of Ukraine is causing a mass exodus of companies from Russia, reversing three decades of investment by Western and other foreign businesses there following the collapse of the Soviet Union in 1991.Most Read from BloombergRussia Steps Up Aerial Campaign Against Cities: Ukraine UpdateTeen Who Tracked Elon Musk’s Jet Is Now Chasing Russian TycoonsBelarus Preparing to Send Soldiers, Report Says: Ukraine UpdateMicrosoft Says Son of CEO Satya Nadella Has Died at 26World’s B
Colgate-Palmolive Co CEO Noel Wallace said last week at an industry conference that the household goods maker sees its new Optic White Pro Series toothpaste as the type of premium product "vital" to its ability to raise prices, which will help drive profit growth this year. His remarks come when many consumer products companies are hiking prices as much as they can to offset their own rising costs, a trend that could continue due to the conflict between Russia and Ukraine, whose economic risks include driving up gasoline prices. So far retailers and consumers seem largely unfazed by higher prices.
Following the escalation of the Russia-Ukraine conflict, Germany has stepped on the gas pedal regarding the development of LNG terminals at Brunsbuettel and Wilhelmshaven.
(Reuters) -American big brands including Apple, Google, Ford and Harley-Davidson on Tuesday stopped sales and distanced themselves from Russia because of the invasion of Ukraine, joining a growing list of companies from shippers to car makers to energy companies shunning the country. Apple Inc said it had stopped sales of iPhones and other products in Russia, Alphabet Inc's Google dropped Russian state publishers from its news, Ford Motor told its Russian manufacturing partner it was suspending operations in the country, and Harley-Davidson Inc suspended its business and shipments of its bikes.
Lowe's (NYSE: LOW) recently announced fourth-quarter earnings, which came one day after Home Depot (NYSE: HD) issued its quarterly update. And except for in one area, Lowe's entire report followed the trend of lagging behind the industry leader.
The three legs of the “three-legged stool” for retirement income, consisting of Social Security, a pension and a worker’s own retirement savings, has been wobbly in recent years, but it might not be if it had a fourth leg – extra income in retirement. Retirement Tip of the Week: When you’re thinking about what income you’ll have in retirement, try to find an additional reliable source of income, be it part-time work, consulting or the occasional gig. It will keep your retirement accounts fuller for longer.
Honeywell's footprint in the local market grew significantly after the company relocated its Performance Materials and Technologies division to Houston last summer.
Pilots at CommutAir, a regional carrier that operates under the United Express banner, ratified a new contract this week that raises the pay of captains by 25% to $84 per hour. Under the new contract, which was ratified by pilots represented by the Air Line Pilots Association (ALPA), first officers will see a 30% pay bump to $51 per hour and the carrier recently instituted a bonus program that will net new captains up to $50,000. The new contract also will see the company paying for travel to and from work and employee 401K contributions up to 16% will be matched 50% by the company.
Exxon Mobil Corp. is under renewed pressure to follow other integrated oil giants and end its participation in massive oil and gas projects in Russia amid news the U.S. company reportedly evacuated more employees out of Russia.
Oil prices were jumping to new multiyear highs on Tuesday as pressure built around the world to isolate Russia. While the group said it would “send a unified and strong message to global oil markets that there will be no shortfall in supplies as a result of Russia’s invasion of Ukraine,” the market clearly sees otherwise. It’s simply not enough to really move the needle on oil prices.
Sanctions against Russia are not expected to harm the semiconductor market following last week's invasion of Ukraine, but the cybersecurity sector is expected to benefit on a sales boost out of fear of retaliatory Russian cyberattacks.