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galaxy research's latest report shows a continued cooling in crypto venture capital activity in the third quarter. Bitcoin's BTC/USD Trading within a range below all-time highs. Venture capital investment stagnates in Q3 According to a report written by Alex ThorneHead of Corporate Research, and Gabe ParkerAccording to research analysts at Galaxy Research, venture capital investment in crypto startups fell to $2.4 billion in the third quarter, a 20% quarter-over-quarter (QoQ) decline. The number of transactions also decreased significantly, dropping 17% from the previous quarter to 478 transactions. Researchers note that 2024 is on track to match or slightly exceed investment…

As Bitcoin price approaches $68,000, on-chain indicators show that several favorable fundamentals are working in Bitcoin's favor.Exchanges have less than 2.7 million BTC in Bitcoin reserves, the lowest on record, down from more than 3.3 million BTC about three years ago, according to data from CryptoQuant.But before we do that, there are a few caveats about the data. It is unclear how long ago Bitcoin reserves were at their current levels, as they only go back to mid-October 2021. The latest indicators available are from mid-September. CoinMarketCap Research Leader Alice Liu explained: decryption This is a data-sharing industry initiative that…

Buterin proposed a solution that solves Ethereum's core problems. Meanwhile, the co-founders of Bankless envisioned ETH reaching $10,000. in 2024 Shanghai International Blockchain WeekEthereum [ETH] Co-founder Vitalik Buterin has revealed what he believes is the network's biggest problem.—Ecosystem fragmentation. as reported According to X (formerly Twitter) crypto media outlet Wu Blockchain, Buterin said Ethereum operates like “34 different chains,” highlighting the challenges this poses to scalability, user experience, and cross-chain interactions. did. Vitalik’s solution for integrating Ethereum In response to this statement, Buterin said, Take me to X He detailed his vision for Ethereum's next upgrade, “The Surge.''” One of…

The region that includes Central Asia, South Asia and Oceania (CSAO) has been identified as one of the most dynamic crypto markets in the world, with India and Singapore topping the podium, according to ChainAnalysis. Between July 2023 and June 2024, the region recorded more than $750 billion in crypto asset inflows, representing 16.6% of the global value received. Chain Analysis Report: In Asia, India and Singapore are ahead in the crypto market According to Chainalies, CSAO is the region with the third highest cryptocurrency adoption in the world, surpassed only by North America and Western Europe. The adoption of…

The European Central Bank on Thursday cut interest rates for the third time this year, saying inflation in the euro zone was becoming increasingly subdued and the economic outlook worsened. The first consecutive interest rate cuts in 13 years signal the eurozone central bank's focus has shifted from curbing inflation to protecting economic growth, which has lagged far behind the United States for the second year in a row. “Further information on inflation indicates that the process of deflation is well underway,” the ECB said. “The outlook for inflation is also influenced by downward expectations for recent indicators of economic…

Stock markets in Europe and the United States rose mainly on Thursday as the European Central Bank cut interest rates and concerns that the tech sector was struggling eased after earnings from major chipmaker TSMC.Wall Street indexes were mixed on a day of renewed interest in Nvidia and other chipmakers and designers. Traders were also digesting new data released Thursday that showed retail sales rose last month and further interest rate cuts from the European Central Bank (ECB). Sam Burns, chief strategist at Mill Street Research, told AFP that positive economic news in the U.S. and interest rate cuts in…

For the past decade, a Welsh man has begged the city government for permission to view the contents of his local garbage dump. James Howells, a 39-year-old Newport resident, has been desperate for 7,500 bitcoins since he accidentally threw them in the trash on his hard drive in 2013. The rise in the value of cryptocurrencies over the past decade means these assets are worth more than $500 million today. Unfortunately for Mr. Howells, the Newport City Council repeatedly denied his requests. Lawmakers argue that digging deeper into the landfill violates regulations and could cause significant damage to the surrounding…

The 25 basis point rate cut that analysts had expected came on the back of subdued inflation and weak economic growth. advertisementThe European Central Bank (ECB) cut interest rates on Thursday afternoon during its October board meeting, marking the third consecutive rate cut since June.The new interest rates were set at 3.40% for major refinancing operations, 3.65% for marginal loan limits, and 3.25% for deposit limits.The primary refinancing operation rate is the rate that banks pay when they need to borrow money from the ECB for a week, whereas the marginal lending facility rate is the rate that banks pay…

The European Central Bank intervened with its first consecutive interest rate cuts since the 2011 euro crisis to prevent a sharp slowdown in the euro zone economy.With Germany on the brink of recession and inflation sluggish across the 20 member countries of the single currency area, the ECB cuts its main deposit rate by a further 0.25 percentage points, following cuts in borrowing costs at its last Governing Council meeting in September. It was set at 3.25%. .Marking the third interest rate cut this year, ECB President Christine Lagarde said the decline in inflation has taken the central bank by…

According to a Chainalysis report on October 17, North America has once again claimed the top spot as the world's most important cryptocurrency market due to increased institutional investor activity in the United States.From July 2023 to June 2024, $1.3 trillion of on-chain value will be created in North America, representing 22.5% of the global total. Chainalysis believes this advantage is due to increased institutional investor activity, particularly in the US, where large transactions of over $1 million account for 70% of crypto remittances in the region. .Advantage of US cryptocurrencies (Source: Chainaracy)While the United States leads the North American…