The firm is reportedly seeking a new funding round that would infuse with more cash at a 50% lower valuation than one year ago.
Zhiyuan Sun is a technology writer at Cointelegraph. Initially starting out with mechanical engineering in college, he quickly developed a passion for cryptocurrencies and finance. He has several years of experience writing for major financial media outlets such as The Motley Fool, Nasdaq.com and Seeking Alpha. When away from his pen, one can find him in his scuba gear in deep waters.