Jonathan Raa | Nurphoto | Getty Images It’s a welcome stat for crypto entrepreneurs who’ve been bruised by the last couple of years of the so-called “crypto winter,” which made it much harder for founders to raise money. Venture funding for crypto firms slumped significantly in 2022 after a rise in interest rates from major
An image of bitcoin and U.S. currencies is displayed on a screen during the Interpol World Congress in Singapore on July 4, 2017. Roslan Rahman | AFP | Getty Images Cryptocurrencies fell Tuesday amid a broader market sell-off following a hotter-than-expected CPI reading. Bitcoin was down 3% to $48,535.17, according to Coin Metrics. The day
But even as prices swell, the sector’s reputation has struggled to regain ground after names virtually synonymous with bitcoin have both been found guilty of crimes directly related to their multibillion-dollar crypto empires. For years, Binance’s Changpeng Zhao and FTX’s Sam Bankman-Fried preached the power of decentralized, digital currencies to the masses. Both were bitcoin