In a challenging market environment for crypto firms, Hong Kong-based venture capital firm CMCC Global has raised $100 million for its Titan Fund, aimed at supporting Asian blockchain startups. This comes as global venture capital investments in crypto have declined by 70.9% year-on-year, with a 54.5% drop in the number of deals. The fund has […]
Pro-crypto candidate Robert F. Kennedy Jr. has announced his decision to drop out of the Democratic primary and run as an independent candidate for the United States presidency. Kennedy has been a vocal supporter of cryptocurrency and aims to make America the global hub for digital currencies, particularly Bitcoin. He has proposed backing the USD […]
In the ongoing trial of Sam Bankman-Fried, the founder of cryptocurrency exchange FTX, his lead attorney argued that the firm’s former CEO, Sam Bankman-Fried, was responsible for the company’s financial troubles. According to the attorney, Bankman-Fried had advised the CEO to put on a hedge, but she failed to do so, leading to dire consequences […]
Ethereum, the second-largest cryptocurrency by market cap, had a challenging trading day after the Ethereum Foundation sold off some of its holdings. However, the cryptocurrency has managed to recover approximately one-third of the value it lost since news of the sale emerged. This development highlights the volatility and fluctuations in the cryptocurrency market. Investors and […]
Bitstamp, a cryptocurrency exchange, is reportedly in talks with major European banks to expand its crypto services and products ahead of the rollout of the region’s MiCA rules. The exchange aims to tap into partnerships with these banks to bring crypto to more people. It is expected that these banks will begin offering crypto services […]
Former BlackRock executive, Martin Bednall, believes that the United States Securities and Exchange Commission (SEC) will approve all spot Bitcoin Exchange Traded Fund (ETF) applications simultaneously. Bednall made this prediction during a panel discussion at the CCData’s Digital Asset Summit in London. He is optimistic about the approval of ETF applications from BlackRock, Fidelity, WisdomTree, […]
The Netherlands has established itself as a leading destination for cryptocurrency enthusiasts and businesses, thanks to its strong and transparent regulatory landscape. The country’s strict regulations require companies to register in order to offer crypto services, ensuring compliance and customer protection. While some major players like Binance and Coinbase have faced fines for non-compliance, other […]
The fate of the digital assets bills currently being considered in the House remains uncertain. It is possible that these bills may not make any progress for the remainder of the year, which is a common outcome for many bills in this Congress. Alternatively, they may receive floor votes and even secure victories in the […]
Pi Network’s native token, PI, has been experiencing a downward trend, currently trading around $30. This comes after a spike in mid-August when the price reached $57.7, its highest level since February 2023. However, the lack of bullish news from the developers has dampened the enthusiasm of Pi Network fans who have been promoting the […]
Global venture capital (VC) investments in the cryptocurrency sector have experienced a significant decline, dropping by 63% in the third quarter of this year. This marks the lowest level of funding since 2020, according to research from PitchBook. Only $2 billion was invested in the sector during this period, a stark contrast to the previous […]
