Business

Why Trump’s bitcoin ETF plans likely collapsed before they even got off the ground

Trump Media & Technology Group has likely abandoned plans for its bitcoin BTC$77,662.07 exchange-traded fund (ETF) because the economy no longer worked. ETF analysts say the company behind Truth Social faced a brutal reality: the spot market for bitcoin ETFs has become crowded, fees have collapsed and investors already have more than a dozen similar

Why Trump’s bitcoin ETF plans likely collapsed before they even got off the ground Read More »

Crypto custody firm Copper is looking to sell the company for $500 million

Cryptocurrency custodian company Copper has been out shopping itself, looking for a buyer willing to pay about $500 million for the platform, according to two people familiar with the matter. Wall Street investment bank Cantor Fitzgerald has been appointed to help sell copper, the people said. Copper and Cantor did not respond to requests for

Crypto custody firm Copper is looking to sell the company for $500 million Read More »

Securitize remains in the red even as record quarter nears public listing plans

Securitize reported record revenue in the quarter as the tokenization platform continued to progress toward an eventual public listing through its proposed SPAC merger with Cantor Equity Partners II (CEPT), underscoring growing institutional demand for real-world tokenized assets despite ongoing profitability pressures. The Miami-based company said first-quarter revenue rose 39% year over year to $19.5

Securitize remains in the red even as record quarter nears public listing plans Read More »

Recent congressional swings in crypto tax reform would ask the IRS to review de minimis exemptions

A bipartisan group of lawmakers on Wednesday introduced a revised crypto tax law that aims to update the tax code to better address cases of crypto use and would, if signed into law, ask the IRS to analyze the effect de minimis exemptions can have. Congressmen Steven Horsford (DN.V.), Max Miller (R-Ohio), Suzan DelBene (D-Wash.)

Recent congressional swings in crypto tax reform would ask the IRS to review de minimis exemptions Read More »

Prediction markets companies take heat in Senate Commerce hearing scrutiny wave

Prediction market platforms such as those run by Kalshi and Crypto.com drew two hours of critical questioning in a US Senate Commerce Committee hearing, including scrutiny of the platforms’ advertising practices, regulatory disputes and the cheating they may encourage. “We want athletes competing on merit, but the opportunity to make money can tempt players —

Prediction markets companies take heat in Senate Commerce hearing scrutiny wave Read More »

The Ethereum Foundation’s high-profile departures spark a new debate

Network news ETHEREUM COMMUNITY REACTS TO EC WITHDRAWAL: A wave of departures from the Ethereum Foundation (EF) is reviving a debate in the crypto industry: What is going on at the main custodian behind Ethereum, and why does the community know so little about what is happening behind the scenes? Days after several high-profile figures

The Ethereum Foundation’s high-profile departures spark a new debate Read More »

EU opens MiCA consultation to examine whether crypto framework is still fit for purpose

The European Commission said it is seeking feedback on whether the EU’s landmark crypto framework, the Markets in Crypto-Assets Regulation (MiCA), remains fit for purpose as digital asset markets evolve. The consultation, which remains open until August 31, invites responses from both the public and industry stakeholders, including crypto firms, financial institutions, technology providers, academics

EU opens MiCA consultation to examine whether crypto framework is still fit for purpose Read More »

Crypto campaign cash from Fairshake flooded southern primaries, picked winners

Crypto industry campaign finance giant Fairshake Political Action Committee backed winners in half a dozen southern primaries on Tuesday, pouring millions of dollars into the races as one of the congressional midterm elections’ top spenders. The super PAC poured more than $20 million into political advertising in three states, mostly for Republican candidates seen as

Crypto campaign cash from Fairshake flooded southern primaries, picked winners Read More »

Scroll to Top