Attributed to the so-called crypto winter during the first half year, the amount of investment in the crypto market has been dragged, attracting over $14 billion in H1, according to global audit and consultancy firm KPMG.
The sentiment of "fear, uncertainty and doubt "(FUD) spread over the crypto space during the first half of the year, subject to unexpected geo-political events such as the Russian invasion of Ukraine, fall of global investment in terms of crypto and blockchain-related items to $14.2 billion during H1 as of the end of June, a significant drop compared to last year. However, it still remains ahead of other years, the report published by KPMG reads.
In addition, the collapse of the Terra & Luna crypto ecosystem and the rising inflation globally following the interest rate hike from the US Fed were also attributed to the crypto market's downturn.
Within over $14 billion investment, the largest deals of the investment in the industry came from venture capital...
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