Category: crypto

Robinhood Crypto had a successful year in 2024, with milestones such as new features, geographic expansions, and enhanced crypto offerings. The company ended the year with $38 billion in crypto assets under custody and $119 billion in trading volume. They expanded to all 50 US states, added new cryptocurrencies, and launched a Crypto Trading API.…

Crypto investor Will Harborne has launched LongGame, a $40 million venture capital fund focused on longevity biotechnology. The initiative aims to extend healthy lifespans by three decades through investments in stem cell research, gene editing, and senolytics. The fund plans to integrate decentralized science and tools like DAOs to streamline drug discovery and support global…

World Liberty Financial Initiative (WLFI), a DeFi project backed by US President-elect Donald Trump, recently acquired $12 million worth of crypto assets, including 2,631 ETH, 41,335 LINK, and 3,357 AAVE. This purchase has boosted WLFI’s crypto holdings to over $74.7 million. The market reacted positively, with LINK and AAVE prices increasing by over 25%. WLFI…

Push Protocol has launched Push Chain, a layer 1 blockchain that connects chains and integrates communication protocols with on-chain transactions. The platform supports interactions across different ecosystems and aims to provide a smooth user experience through wallet and fee abstraction. Developers can create shared-state smart contracts that read wallet data from different chains. The chain’s…

BlackRock suggests a 1% to 2% Bitcoin allocation in multi-asset portfolios to match risk levels of technology stocks. The firm warns that beyond 2%, Bitcoin’s volatility could overshadow other components. Institutional adoption and BlackRock’s iShares Bitcoin Trust have fueled Bitcoin’s growth, reshaping debates about prudent exposure and portfolio construction.

: The Australian Securities and Investments Commission fined Bit Trade, operator of the Kraken exchange, $5 million for unlawfully issuing a credit facility. The company offered a “margin extension” product without meeting regulatory requirements, leading to significant compliance violations. The penalty serves as a warning to other firms about neglecting compliance.

In November, venture capital funds invested nearly $800 million in crypto startups, with infrastructure projects receiving the most funding. The blockchain gaming sector raised $71 million, while DeFi saw a 31% increase in funding. Notable rounds included Monkey Tilt, Zero Gravity Labs, Canaan Creative, USDX Money, World Financial Liberty, and StakeStone.

Riot Platforms, a Bitcoin miner, completed a $525 million senior note offering to institutional investors. The notes mature in 2030 with a 0.75% interest rate and provisions for conversion into Riot’s common stock. The funds will fuel the company’s Bitcoin acquisition strategy, increasing its holdings to 12,000 Bitcoin valued at $1.2 billion.

Bitcoin briefly surpassed the $101,000 threshold following a 3% surge after November’s CPI numbers. Investors are confident with a 98% chance of a rate cut by the Federal Reserve. Despite volatility, Bitcoin’s corrections may remain limited due to growing demand from ETFs and institutional accumulation. The wider crypto market also saw gains.

State Auditor Andrew Sorrell has proposed that Alabama create a strategic Bitcoin reserve to attract crypto-focused businesses and establish the state as a pioneer in the digital asset space. Sorrell believes that investing in Bitcoin would position Alabama for long-term gains and prepare for the future. Other states, such as Florida and Pennsylvania, are also…