New York City leads the race for crypto venture capital

New York City is home to the most well-funded crypto startups in the U.S. last year, according to data provider CB Insights, which attracted a whopping $6.5 billion in investment, accounting for more than $6.5 billion in blockchain or crypto-based startups. 46% of money-centric corporate funds. NYDIG (New York Digital Investment Group LLC) and Celsius Network LLC led the way with $1 billion and $750 million, respectively. And Silicon Valley, the tech hub known for its huge venture capital spending, ranks second in the nation with $3.9 billion in crypto company funding. previously reported. On Jan. 21, the first salary received by the new New York City Mayor Eric Adams after taking office was converted into BTC and ETH via Coinbase.