Cryptoverse: What crisis? Venture capitalists bet big on crypto

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Reuters

By Tom Wilson, Medha Singh and Lisa Pauline Mattackal (Reuters) – It’s not all doom and gloom. Even as the crypto sector shivers in the bleak winter, venture capitalists are pouring money into digital currency and blockchain startups at a pace that’s set to outstrip last year’s record. In the first half of the year, VCs bet $17.5 billion on such firms, according to data from PitchBook. That puts investment on course to top the record $26.9 billion raised last year, a warmer and happier time for bitcoin and co. “The current market conditions – I don’t think they faze investors,” said Roderik va…

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