Today in crypto, a US Senate committee released a crypto bill, the US allowed crypto funds to participate in staking, and the Bank of England opened consultations on its proposed stablecoin framework. Senate Ag Releases Crypto Market Bill The U.S. Senate Agriculture Committee released its long-awaited discussion draft of crypto market structure laws on Monday, moving Congress closer to passing…
Senate Ag Releases Crypto Market Structure Bill Draft
The US Senate Agriculture Committee has released its highly anticipated discussion draft of crypto market structure laws, moving Congress closer to passing legislation outlining how the crypto industry will be regulated. Republican Agriculture Chairman John Boozman and Democratic Sen. Cory Booker released the draft Monday, which includes brackets around sections of the bill that lawmakers are still negotiating. The bill…
UNI Pumps 38% After Introducing Token-Friendly Proposals
The native token behind Uniswap rose more than 38% after the Uniswap Foundation and Uniswap Labs presented a proposal to make holding the token more attractive to investors. Potential changes outlined in the “UNIfication” proposal include enabling a protocol-level fee mechanism to burn Uniswap (UNI) tokens and creating a discounted protocol fee auction system to increase returns for liquidity providers,…
Propanc Biopharma Secures up to $100 million for Crypto Treasury
Australian company Propanc Biopharma announced it has secured up to $100 million from a crypto-focused family office to launch a crypto treasury – a move its CEO called “transformative” as its cancer therapy product enters human trials next year. The private placement, structured through convertible preferred stock, provides Propanc with an initial investment of $1 million and up to $99…
BitMine Buys 34% More ETH Week-Over-Week, Adding 110,288 Ether
BitMine’s digital cash accumulation shows no signs of slowing down, with the latest week of Ether buying marking a 34% increase from the previous week. BitMine Immersion Technologies announced the purchase of 110,288 Ether (ETH) on Monday, bringing its total to 3,505,723 ETH at an average purchase price of $3,639 per token. As part of the announcement, BitMine President Tom…
Square Enables Bitcoin Payments for Sellers
Payment processor Square has launched its Bitcoin payments feature for sellers, allowing them to sign up and accept Bitcoin (BTC) at checkout through its point-of-sale system. Jack Dorsey, co-founder of Block, which owns Square, said in an X article on Monday that with the new feature, merchants using Square can receive Bitcoin to Bitcoin, Bitcoin to fiat, fiat to Bitcoin,…
Gemini Q3 Loss Sees Shares Drop After-Hours
Investors sold shares of cryptocurrency exchange Gemini on Monday, sending them to an all-time low after the bell as the company’s first quarterly results showed losses due to IPO expenses. Gemini released its third-quarter results on Monday, the first after its September IPO, and reported revenue of $50.6 million, more than double the $24.5 million at the same time a…
Higher Average Bitcoin Prices Boost TeraWulf’s Q3 Earnings
US-based Bitcoin mining company TeraWulf nearly doubled its revenue in the third quarter of this year thanks to Bitcoin price growth, as well as an expansion in mining capacity and new revenue from its AI business. Third-quarter revenue increased 87% year-over-year to $50.6 million, with “digital asset revenue” accounting for $43.4 million, according to TeraWulf’s third-quarter earnings report released Monday.…
BTC Surges Past $106K And Trends Online As US Senate Passes Funding Bill
Bitcoin has been trending on social media in recent days as US politicians worked to end the disruptive US government shutdown, which culminated in the Senate’s passage of the hotly contested funding bill on Monday. It would have taken Republicans about 10 hours to do their job Monday and get the 60 votes (eight of which came from Democrats) needed…
Can SegWit Wallets Shield Bitcoin from Quantum Computing Threats
Bitcoin OG Willy Woo suggested a way to protect your Bitcoin until there is a solution to the Bitcoin quantum threat: keep your Bitcoin in a SegWit wallet for about seven years. Quantum computing is a long-feared (and debated) inflection point for the crypto industry. It has been theorized that computers capable of breaking encryption have the ability to reveal…