Global investments in cryptocurrency companies pulled back to $14.2 billion in the first half of 2022 from a record $32.1 billion last year, a slowdown that’s expected to continue, according to a new report from global audit and consulting firm KPMG.
“Despite the crypto space collapsing significantly since midway through Q1 22 due to the unexpected Russia-Ukraine conflict, rising inflation and the challenges experienced by the Terra crypto ecosystem, investment at midyear remained well above all years prior to 2021,” KPMG noted in its report. “This highlights the growing maturity of the space and the breadth of technologies and solutions attracting investment.”
In the second half of the year, KPMG expects investors to move away from companies offering coins and non-fungible tokens (NFTs) and toward blockchain infrastructure projects, particularly those that involve the use of blockchain in updating financial technology. The firm sees a growing focus on compliance and transaction...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...