Crypto News
Crypto Comeback: VC Investments Soar 46% in Q4 2024
In Q4 2024, venture capital (VC) firms invested $3.5 billion into crypto and blockchain startups, a 46% increase from the previous quarter. 2024: Weakest Year for Crypto VC Fundraising Venture capital (VC) firms poured $3.5 billion into crypto and blockchain-focused startups in the last quarter of 2024. The investment, 46% higher than the previous quarter,Source link
Report: Ted Cruz Aims to Target Crypto Tax Rule With CRA Resolution
Axios reports that Sen. Ted Cruz, a Republican from Texas, plans to wield the Congressional Review Act (CRA) next week to challenge a tax regulation that infringes on the rights of cryptocurrency brokers. This move is seen not just as a procedural tactic but as a principled stand against the expanding reach of governmental authoritySource link
Trump-Backed World Liberty Financial to Acquire TRX for its Treasury: Source
World Liberty Financial, the crypto project backed by the family of U.S. President-elect Donald Trump, plans to acquire tron (TRX) tokens for its treasury, according to a person familiar with the matter.The prospective move would deepen World Liberty Financial's close ties to the Tron empire. Its founder Justin Sun already advises Trump's crypto project. He's also single-largest holder of its WLFI token, having bought $30 million in November. It's not clear how much TRX World Liberty plans to add to its reserve of cryptocurrencies. World Liberty's raised $90 million from sales of WLFI. Its previously parked seven-figure sums in AAVE and LINK, tokens issued by projects World Liberty's partnered with. Trump is officially the "chief crypto advocate" of World Liberty...
BounceBit Joins Forces with Elliptic to Bolster Blockchain Compliance and Security
BounceBit partners with Elliptic to enhance regulatory compliance and security across its ecosystem, leveraging advanced blockchain analytics and AML solutions. (Read More)Source link
Major Swiss Bank Expands Crypto Offerings With Ethereum Staking
Swiss state-owned bank Post Finance AG has expanded its digital-asset offering by introducing staking for ethereum (ETH), allowing holders to earn passive income. The bank plans to add staking for other tokens soon. Post Finance, which started trading and custody services for cryptocurrencies nearly a year ago, is the first systemically important bank to offerSource link