Reel up The US Senate Agriculture Committee has released its highly anticipated discussion draft of crypto market structure laws, moving Congress closer to passing legislation outlining how the crypto industry will be regulated. Republican Agriculture Chairman John Boozman and Democratic Sen. Cory Booker released the draft Monday, which includes brackets around sections of the bill that lawmakers … Read more
The native token behind Uniswap rose more than 38% after the Uniswap Foundation and Uniswap Labs presented a proposal to make holding the token more attractive to investors. Potential changes outlined in the “UNIfication” proposal include enabling a protocol-level fee mechanism to burn Uniswap (UNI) tokens and creating a discounted protocol fee auction system to … Read more
Australian company Propanc Biopharma announced it has secured up to $100 million from a crypto-focused family office to launch a crypto treasury – a move its CEO called “transformative” as its cancer therapy product enters human trials next year. The private placement, structured through convertible preferred stock, provides Propanc with an initial investment of $1 … Read more
BitMine’s digital cash accumulation shows no signs of slowing down, with the latest week of Ether buying marking a 34% increase from the previous week. BitMine Immersion Technologies announced the purchase of 110,288 Ether (ETH) on Monday, bringing its total to 3,505,723 ETH at an average purchase price of $3,639 per token. As part of … Read more
Payment processor Square has launched its Bitcoin payments feature for sellers, allowing them to sign up and accept Bitcoin (BTC) at checkout through its point-of-sale system. Jack Dorsey, co-founder of Block, which owns Square, said in an X article on Monday that with the new feature, merchants using Square can receive Bitcoin to Bitcoin, Bitcoin … Read more
Investors sold shares of cryptocurrency exchange Gemini on Monday, sending them to an all-time low after the bell as the company’s first quarterly results showed losses due to IPO expenses. Gemini released its third-quarter results on Monday, the first after its September IPO, and reported revenue of $50.6 million, more than double the $24.5 million … Read more
US-based Bitcoin mining company TeraWulf nearly doubled its revenue in the third quarter of this year thanks to Bitcoin price growth, as well as an expansion in mining capacity and new revenue from its AI business. Third-quarter revenue increased 87% year-over-year to $50.6 million, with “digital asset revenue” accounting for $43.4 million, according to TeraWulf’s … Read more
Bitcoin has been trending on social media in recent days as US politicians worked to end the disruptive US government shutdown, which culminated in the Senate’s passage of the hotly contested funding bill on Monday. It would have taken Republicans about 10 hours to do their job Monday and get the 60 votes (eight of … Read more
Bitcoin OG Willy Woo suggested a way to protect your Bitcoin until there is a solution to the Bitcoin quantum threat: keep your Bitcoin in a SegWit wallet for about seven years. Quantum computing is a long-feared (and debated) inflection point for the crypto industry. It has been theorized that computers capable of breaking encryption … Read more
Institutional investors maintain confidence in digital assets despite a sharp market correction in October, with most planning to expand their exposure in the coming months, according to a new study. More than 61% of institutions plan to increase their investments in cryptocurrencies, while 55% of them have a bullish outlook in the short term, Swiss … Read more