Challenges in Crypto Venture Capital Persist in 2024, According to Galaxy Digital
Despite the rally in digital asset prices, venture capital activity remains low, with significant investment being diverted to Bitcoin ETFs.
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Despite the rally in digital asset prices, venture capital activity remains low, with significant investment being diverted to Bitcoin ETFs.
A Galaxy Digital report highlights that US startups secured nearly half of all crypto venture capital funding in Q4 2024.
Galaxy Digital has hired Anthony Paquette as its new CFO, succeeding Alex Ioffe, who will become a senior advisor.
This funding comes soon after the Avalanche9000 upgrade was launched in a testnet environment, aiming to enhance transaction efficiency.
Galaxy Digital is pivoting from Bitcoin mining to AI computing as it faces profitability challenges due to market dynamics.
The latest report from Galaxy Digital reveals a significant decline in venture capital investments in the crypto sector during the third quarter of 2024.
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