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
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.
DMCC, the leading international business district that drives the flow of global trade through Dubai, and REIT Development, have announced the launch of the landmark Cryptotower.com in Jumeirah Lakes Towers (JLT). This 17-storey project will support DMCC’s rapidly expanding community of blockchain, DeFi and Web3 companies, bolstering its status as
Pro-crypto Congressman Tom Emmer (R-MN) has been named vice chair of the House Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence. The announcement was made by Committee Chairman French Hill as part of the 119th Congress subcommittee assignments. The Digital Assets Subcommittee, established in 2023, focuses on regulating crypto
Mudrex Halts Crypto Withdrawals Amid System Improvements Mudrex, an Indian cryptocurrency exchange, recently stopped crypto withdrawals, which left many users confused and frustrated. The company announced on January 11 that the suspension would last until January 28. The reason for the pause is to improve the platform’s systems to prevent
Michael Barr, the Federal Reserve’s vice chair for supervision, announced he will step down from his role on February 28, 2025, in a move that will allow President-elect Donald Trump to appoint a new banking regulator. Barr’s resignation ends a four-year term that was set to last until 2026. However,
A cryptocurrency trader in Karachi, Pakistan, faced a terrifying ordeal on December 25, 2024. Mohammed Arsalan, aged 30, was abducted by a group of armed men and forced to transfer $340,000 from his Binance account. The suspects included seven individuals, one of whom was an officer from the Counter-Terrorism Department
A California resident, Ken Liem, has filed a lawsuit against three Asian banks for failing to prevent a cryptocurrency scam that cost him nearly $1 million. The legal filing in a California district court on December 31, 2024, alleges negligence and lack of due diligence by the banks. Liem became
Crypto’s Future Depends on New Crypto Policy David Sacks, the newly appointed “AI and crypto czar” in the United States, has a deadline to enact pro-crypto policies before the 2026 midterm elections. According to Joe Doll, general counsel for the NFT marketplace Magic Eden, there is still much work to
