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CB Insights: Blockchain Industry Attracted A Record $4.38B In Financing In Q2, An Increase Of Over 50% From Q1

Mary Liu

Summary: According to CNBC, data from business analytics company CB Insights shows that blockchain startups raised a record $4.38 billion in financing in the second quarter,  representing an increase of more than 50% over the previous quarter, and an increase of nearly nine times over the same period last year. The financing of the entire FinTech ...

According to CNBC, data from business analytics company CB Insights shows that blockchain startups raised a record $4.38 billion in financing in the second quarter,  representing an increase of more than 50% over the previous quarter, and an increase of nearly nine times over the same period last year.

The financing of the entire FinTech company also set a new record with $30.8 billion, an increase of 30% over the previous quarter and almost three times the same period last year.

Chris Bendtsen, a senior analyst at CB Insights, told CNBC that despite short-term price fluctuations in the crypto market, venture capital firms are still optimistic about the future of cryptocurrencies as a mainstream asset class.

By Mary Liu

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