Month: January 2023

Web3 Investments Expected to Grow in 2023: VC Funding Update

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• In 2022, venture capital firms invested over $30 billion in investments in blockchain and cryptocurrency firms. • 31% of deals in 2022 were in the web 3 sector, which includes non-fungible tokens (NFTs), decentralized autonomous organizations, the metaverse, and online gaming. • Alex Thorn, head of research at crypto investment firm Galaxy Digital, anticipates […]

ECB Board Member Calls for Crypto Trading to Be Regulated as Gambling

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1. ECB board member Fabio Panetta believes regulators should treat trading in unbacked crypto assets like gambling. 2. He believes that the “buyer beware” principle should not apply to crypto assets, citing several recent catastrophic failures in the space. 3. He described crypto as “speculative assets,” often bought with the sole objective of being sold […]

Bitcoin Holders Reach New Highs as Demand for BTC Grows

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• Bitcoin (BTC) holders are hitting new all-time highs with positive metrics •The number of addresses holding one or more bitcoins hit an all-time high (ATH) of 979,163 •The number of wallets holding 0.01 BTC has seen a more significant rise with 11,443,277 addresses hold a percent of bitcoin Bitcoin (BTC) holders are experiencing a […]