Nearly half of all venture capital (VC) funding in crypto during Q4 2024 went to U.S.-based startups. Galaxy Digital’s Crypto and Blockchain Venture Capital report, filed on January 15, 2025, revealed this trend. U.S. VC Firms Lead in Q4 The report showed 46% of global VC funds were directed to
Senator Cynthia Lummis (R-WY) has accused the Federal Deposit Insurance Corporation (FDIC) of misconduct in handling cryptocurrency oversight. In a letter to FDIC Chair Marty Gruenberg, Lummis alleged whistleblowers reported document destruction and employee intimidation linked to the agency’s crypto activities. Whistleblowers claimed the FDIC destroyed critical records and restricted
Phantom crypto wallet raised $150 million in a Series C funding round led by venture capital firms Sequoia and Paradigm. The firm was valued at $3 billion and other firms such as a16z and Variant have also participated in the funding. We're thrilled to share we've raised a $150M Series
President-elect Donald Trump plans to issue an executive order on January 20, designating cryptocurrency as a national priority. According to reports, the order aims to foster collaboration between government agencies and the crypto industry. It will establish a cryptocurrency advisory council to advocate for industry policies and guide regulatory agencies.
The re-election of Donald Trump as the president of the US is set to change the face of the crypto industry. While several states are proposing Bitcoin strategic reserves, crypto companies are tending to expand their US customer base. On similar lines, Tether also considers expanding its business in the
South Korean financial regulation, Financial Intelligence Unit (FIU) ordered Upbit exchange to suspend its business operations for violating KYC and AML regulations. Upbit is the top crypto exchange in South Korea and top 5th crypto exchange across the world, in terms of trading volume. Being one of the largest crypto
The past day has seen an interesting turn of events in the cryptocurrency sector. With the fast-approaching change in the US administration, Bitcoin has reclaimed its $98K level positioning itself for an incoming bull run. Meanwhile, the regulatory landscape has seen activity as well, with the SEC’s latest move against
Telegram Scams Crypto scammers are turning to Telegram to scam, a strategy that has grown by 2,000% since November. According to Scam Sniffer, 15th Jan, the scam happened. Instead of typical phishing attempts, where users are tricked into connecting their wallets to fraudulent sites, these new tactics involve fake verification
The crypto community is leaning increasingly towards bullish signals as activity increases and prices rise from the slump. This positive weather ahead of Donald Trump’s inauguration might result in further upward movements in cryptocurrency prices. Bitcoin has surged to the $99K level after much ado in the past weeks. Meanwhile,
In January 2025, with the Republican Party securing a majority in the U.S. Senate, Senator Tim Scott of South Carolina assumed the chairmanship of the Senate Banking Committee. Senator Scott has identified the establishment of a regulatory framework for digital assets as a key priority for the 119th Congress. Under
