Trump mulls creating first White House crypto post: Report

On June 3, the Utility Settlement Coin (USC) project, one of the most ambitious crypto-based initiatives in mainstream finance, announced that it had taken the next step in its progression: the creation of a new company called Fnality International and the completion of a 50 million British pound ($63.2 million) Series A financing round.The momentum…

Major crypto investment firm Pantera Capital has lead a seed funding round for crypto staking startup, Staked, the company announced in a blog post Jan. 31.The startup, which targets institutional investors of proof-of-stake cryptocurrencies, announced that it raised $4.5 million in the investment round.   According to the post, in addition to Pantera Capital, major firms…

Raoul Pal suggested that profit-taking by institutions was the likely reason for recent Bitcoin sell offs, but that the selling is likely done for now. 1654 Total views 33 Total shares Real Vision CEO Raoul Pal believes the recent volatility in the Bitcoin price is due to institutions selling to help shore up their end-of-year…

The financial regulator’s complaint alleged that BKCoin raised roughly $100 million from investors to invest in crypto, but diverted some of the funds for personal use. 312 Total views 26 Total shares Own this piece of history Collect this article as an NFTThe United States Securities and Exchange Commission, or SEC, has targeted an investment…

The countdown is underway for the United States Securities and Exchange Commission (SEC) to decide on approving the first spot Bitcoin exchange-traded fund (ETF) in the United States. After several delays, the regulator’s final deadline is approaching, with market participants anticipating a decision in early January 2024.In another sign that a green light may be

China’s crackdown on crypto mining has allowed Kazakhstan to quickly fill the void by offering cheap fuel and a welcoming business environment. Bitcoin (BTC) mining hardware manufacturer Canaan Inc is expanding its footprint in Kazakhstan after signing new strategic partnerships with multiple crypto mining firms in the country. The Nasdaq-listed company announced Tuesday that it had…

During the 2021 bull market, many large mining companies took on massive loans to buy equipment and the proper infrastructure required to mine cryptocurrency. Yet the collapse of crypto exchange FTX and Celsius left many of these companies filing for bankruptcy. The current bear market, coupled with high Bitcoin network hash rates and low profits, has