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Cryptocurrencies are booming and the hype is starting to wear off.
But if you want to know if this is a good time to invest, there’s a good chance you can find the answer on the front page of the popular cryptocurrency news site CoinDesk.
Cointelegraph reports that Cointelegram, a new digital currency exchange, has raised another $8 million from two leading VC firms.
The two firms are The Venture Capital Group and The Carlyle Group, and are all based in the United States.
The firm has an existing portfolio of digital currencies, including Ethereum and Ripple, and it recently raised $10 million to build a bitcoin-focused incubator.
Cointech’s main investor is Andreessen Horowitz, which has raised around $25 million to date, and which also owns a large portfolio of blockchain startups.
CoinDesk has been one of the top news sites for the cryptocurrency space for a while now.
Over the past few years, the site has grown its coverage, becoming the go-to source for bitcoin, altcoins and other tech news.
The digital currency news site is also the most visited website in the world for cryptocurrencies, with over 3 million visitors per day.
A few months ago, CoinDesk said that it was planning to expand its digital currency coverage.
Earlier this year, CoinCurrency said it was looking to invest in a cryptocurrency exchange, and recently launched an Indiegogo campaign to raise $20 million to help the startup get started.
The coin news site also noted that there were some questions about the future of the cryptocurrency industry.
A few weeks ago, it was reported that the world’s top cryptocurrencies are now more volatile than they were a few years ago.
And while it’s hard to quantify how much the volatility in the crypto market will impact the industry, the news site has warned that the disruption will be felt in a way that will disrupt the very foundations of the business.
The venture capital firm also mentioned the rise of cryptocurrencies like bitcoin, ether, ripple, and others, as well as the rise in interest in decentralized cryptocurrencies.
The news site warned that these cryptocurrencies will have a huge impact on the world economy.