PwC report: the total number of crypto M&A deals dropped from 189 in 2018 to 114 last year, while the value of M&A deals dropped from $1.89B to $451M (Nathan DiCamillo/CoinDesk)

Nathan DiCamillo / CoinDesk:
PwC report: the total number of crypto M&A deals dropped from 189 in 2018 to 114 last year, while the value of M&A deals dropped from $1.89B to $451M  —  Crypto companies kept buying each other last year even as both M&A and funding deal flow in the industry took a dive, according to a report released Monday by PwC.