bitcoinBTC/USD
$ 19,068.95
ethereumETH/USD
$ 1,054.82
tetherUSDT/USD
$ 1.00
cardanoADA/USD
$ 0.448099
xrpXRP/USD
$ 0.312993
usd-coinUSDC/USD
$ 1.00

KPMG: in 2021 Cryptocurrency and Blockchain Investments Have Doubled

2020 and the first half of 2021 brought about more informed investors equipped with significant knowledge on crypto procedures, operations, and assets.

KPMG in their study “Pulse of Fintech H1 2021” revealed that the ever-growing interest from investors has sparked the doubling of crypto and blockchain investments. Contributors to the growth were also Bitso, Paxos, and BlockFi that raised $100 million in funding rounds.

The report has dissected developments in the crypto industry for the first 6 months of 2021. From January to June of 2021, a total of $98 billion were finalized from investment deals amounting to 2,456. Crypto and blockchain investments have been signified as the foremost growing trend of 2021.

In the crypto and blockchain industry, mergers and acquisitions, private equities, and venture capitals made up roughly 548 activities related to investments. While the total of investments in 2020 amounted to $4.3 billion from 580 investment deals, the first 6 months of 2021 amount to $8.7 billion.

According to KPMG, the crypto and blockchain industry will be much desired by investors at the very least until the end of 2021 given the numerous initiatives like the raising of funds by trading platforms, Facebook’s Diem, and China’s eCNY project, to name a few.

As the crypto industry will grow further, the differentiation between blockchain technologies and cryptocurrencies will also become more apparent. Additionally, the emergence of Nonfungible Tokens – NFT trading platforms will also play a crucial part in the growth of the industry.

As far as regulations are concerned, KPMG holds that India would make a significant impact in the industry if it decides to regulate digital assets for the rest of the year. 

Also read: Crypto Market Capitalization Reaches $2 Trillion 

Also read:

Related News

Updates have been provided on the current service freeze and new recovery efforts were outlined by the company.

Potential Solutions Are Being Considered By Celsius

Strategic deals and liabilities restructuring are being explored by Celsius. Updates have been provided on the current service freeze and new recovery efforts were outlined by the company. On June 12th, all transitions, withdrawals, and swaps were put on pause by Celsius and as of now, the company is looking for ways to recover. “Important steps to preserve and protect assets and explore options” are being taken by the company, per

Read More »
As the withdrawal function remains halted, the company is continuing to engage with investors interested in the Recovery Value USD (rvUSD).

Withdrawal Resumption Plan Is Not Moving Forward, CoinFLEX Backs Down

Withdrawals will not be resumed as anticipated, following a halt last week, CoinFLEX announced. As the withdrawal function remains halted, the company is continuing to engage with investors interested in the Recovery Value USD (rvUSD). After the token sale is completely carried out, CoinFLEX will disclose the process for permitting withdrawals, stated CEO Mark Lamb. “Extreme market conditions and continued uncertainty involving a counterparty” led CoinFLEX to hit a pause

Read More »
Just recently, the company had to reduce over 1% of its global workforce, making Coinbase vulnerable to the current market crash.

Coinbase Looking to Expand In Other Countries

Following the layoffs and rescinding of employment offers, the cryptocurrency exchange Coinbase intends to grow deeper into Europe. The intentions to register in nations such as Italy, Spain, France, and the Netherlands, were announced by Nana Murugesan, vice president of the California-based crypto exchange. Countries such as Germany, Ireland, the United Kingdom, and even Switzerland, where the first employee was hired recently, already have Coinbase as a licensed crypto exchange.

Read More »

My Coins

bitcoinBitcoin
$ 19,068.951.04%
ethereumEthereum
$ 1,054.820.01%
cardanoCardano
$ 0.4480990.72%
tetherTether
$ 1.000.03%

Newest Videos on YouTube

We inform and educate people about Cryptocurrencies and Blockchain technology.

© Copyright 2021, All Rights Reserved,
Crypto Academy

Bitcoin

Contact Us

For any question conatct us through:

sales@crypto-academy.org

Disclaimer: All information and materials on this website are for educational purposes only. Crypto-academy.org does not provide any form of financial advice. Cryptocurrencies are highly volatile, therefore any form of investing carries a high level of risk to your capital. It is recommended that you seek professional advice prior to implementing any investment or financial plan.

We do not ask you for your Cryptocurrency / We do not hold your Coins / We do not ask for Private Keys / Be aware of scammers and imposters.

Contact us only through: sales@crypto-academy.org