Crypto is in steep decline, yet venture capitalists keep investing
Join Our Telegram channel to stay up to date on breaking news coverage You might be tempted to conclude that the entire cryptocurrency industry is headed for the great Chapter 11 bankruptcy filing in the sky given the contagion and chaos we have witnessed since Sam Bankman-Fried‘s crypto exchange FTX had a sudden multibillion-dollar coronary, and that no one in their right mind could possibly still have faith in it. However, venture finance still pours in for some fortunate builders even in the bitterly harsh Crypto Winter. Cryptocurrency venture capital investment has outpaced both fintech and biotech in 2022, a difficult year for all of technology, according to analysts at Pitchbook, bringing in $6.5 billion over the past 12 months, $879 million of which came in the most recent quarter. We only need to take a quick peek at the recent batch of dull news releases from the crypto business. A $4.75 million funding round for a project named Earn Alliance first comes to si...