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International Business Times UK
International Business Times UK
Pragati Singh

Kiln Emerges Victorious Amid Crypto Downturn, Secures $17M Funding in 2023

Kiln Crypto PitchBook Coinbase Cryptocom
Staking, a process involving the locking of crypto assets in a blockchain to secure its transactions, provides financial incentives as users earn rewards over time. (Credit: Reuters)

In the tumultuous landscape of the cryptocurrency industry, 2023 has emerged as a challenging year for many companies within this space.

Venture capital investments in crypto firms have witnessed a substantial decline, plummeting by a staggering 68 per cent in comparison to the previous year, according to data from PitchBook.

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