Global Crypto and Blockchain Investments Soared in 2021, Rising 5.5X to $30 B...
A new report by one of the Big Four accounting firms, KPMG, reveals that investment in the crypto and blockchain space grew 5.5 times the previous year to more than a record $30 billion in 2021. KPMG called 2021 a “Blockbuster year for crypto and blockchain.” ‘Blockbuster Year for Crypto and Blockchain’ KPMG published a report Monday on investments in the cryptocurrency, blockchain, and fintech space. Noting that global fintech reached $210 billion last year, the Big Four accounting firm wrote: “We saw growing deal sizes in a....
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Investors now have a better understanding not only about crypto assets but also the operational and procedural side of crypto, a new report states. Crypto and blockchain investments continue to grow thanks to the ever-rising investor interest, according to a new report from Big Four accounting firm KPMG.Titled “Pulse of Fintech H1 2021,” the study covers global investment activities in different financial technology verticals for the first half of the year. It details 2,456 investment deals worth $98 billion made between January and June. One of the top fintech trends for 2021 is the....
KPMG, the global audit and consulting firm has presented a report which speaks of declining crypto investments. The highlights in those reports were that globally, the interest in crypto along with investments was depreciating. The report precisely signalled that there shall be a slowdown in investments for the rest of this year. The global investments […]
Bitcoin soared last week, closing back in on its all-time high (ATH) as investors bought the news of a new bitcoin ETF. After the confirmation of a bitcoin ETF (more below) by the US Securities and Exchange Commission (SEC), the price began to pop. Having traded as low as $54,611 on Wednesday, BTC soared 14% […]
KPMG noted that despite the expected downfall, investment figures remained well-positioned in comparison to pre-2021 figures, which highlights the growing maturity of the market. Venture capital firms poured $14.2 billion into crypto across 725 deals in the first half of 2022, but big four accounting firm KPMG predicts investments will likely slow for the remainder of the year. According to a newly released KPMG report on Sept. 6, the largest investments in H1 2022 came from German-based crypto trading platform Trade Republic ($1.1 billion), digital asset custody platform Fireblocks ($550....
The Bank for International Settlements (BIS) studied the main motives behind Bitcoin adoption by retail investors. Bitcoin (BTC) investors are more likely enticed by the cryptocurrency’s rising prices, rather than their dislike of banks or its perceived use as a store of value, a new report from the Bank for International Settlements (BIS) suggests. In a “BIS Working Papers” report published on Nov. 14, the central bank body looked into the relationship between Bitcoin prices, crypto trading, and retail adoption. It studied the drivers of crypto adoption by retail investors using crypto....