The crypto venture capital landscape remains subdued in the fourth quarter, with fewer high-profile funding rounds closed compared to the start of the year. Kaden Stadelmann, chief technology officer at Komodo Platform, told Cointelegraph that “the crypto industry is facing pressure from many angles,” noting that AI has siphoned off considerable demand for crypto … Read more
The United States Internal Revenue Service (IRS), the country’s tax collection office under the Treasury Department, has updated its guidelines for cryptocurrency exchange-traded products (ETPs) to include a safe harbor for trusts to stake digital assets. Treasury Secretary Scott Bessent wrote in a Monday X article that the agencies issued guidance providing crypto ETPs “a … Read more
Today in crypto, a US Senate committee released a crypto bill, the US allowed crypto funds to participate in staking, and the Bank of England opened consultations on its proposed stablecoin framework. Senate Ag Releases Crypto Market Bill The U.S. Senate Agriculture Committee released its long-awaited discussion draft of crypto market structure laws on Monday, … Read more
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
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
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