Cryptocurrencies
Crypto Is Booming Again in New York as Sentiment Turns Positive
- Over a dozen crypto startups opened New York offices in 2024
- Silicon Valley is now more focused on AI than digital assets
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Crypto startup Concrete recent decamping to New York’s Meatpacking District from the San Francisco Bay Area may be emblematic of a budding digital-asset renaissance in the Big Apple.
More than a dozen crypto-related companies, big and small, have opened or are planning to open offices this year. Much of the change is due to the overall sentiment toward crypto becoming more favorable as the sector recovers from several years of turmoil. Then there’s Silicon Valley turning its attention to the latest hot sector — artificial intelligence.