The venture capitalists and hedge funds competing to back crypto startups are increasingly facing a third set of rivals: other startups, The Information reported.
In just the past year, at least eight highly valued crypto startups—ranging from the Winklevoss twins’ crypto exchange Gemini to peer-to-peer payments startup Circle—have launched venture capital arms to invest in other crypto startups.
Read the full report: The Information
READ MORE:
US Says Asia-Based Siblings Created $124m Crypto Fraud
Thailand Relaxes Crypto Assets Tax Rules – Bangkok Post
Five Reasons Russia Can’t Use Crypto to Evade Sanctions
