The cryptocurrency space has been…
The cryptocurrency space has been seeing another boom lately, despite increasing regulatory scrutiny. In fact, according to an industry report by Crypto Parrot, there were 4,908 cryptocurrency launches over the past year. At the time of writing, the crypto-market had around 12,046 cryptos with a cumulative market cap of over $2 trillion. A 68.75% increase! A lot of the recent momentum in the space is the result of institutional investors now seemingly warming up to cryptocurrencies and DeFi. For instance, Fidelity Digital Assets’ 2021 report showed that 84% of U.S.