VENTURE CAPITAL POST

The crypto industry has spent nearly $120 million in the 2024 election cycle to influence US politics and push for favorable regulations.

Bitcoin has surged to nearly $70,000, its highest since mid-June, driven by former President Trump's vow to make the US a crypto power in his speech during his campaign.

Donald Trump pledged to make the U.S. a leader in digital currencies after gaining high-profile crypto endorsements while promising to replace the SEC chair if elected.

The messaging app Telegram has reached 950 million active users and is expected to have a billion by the end of this year.

Bitcoin dropped to its lowest level in two months on Thursday.

Russia's central bank has advised businesses to explore alternative solutions, including cryptocurrencies and other digital assets, to facilitate payments with foreign partners.

Rapper Iggy Azalea is venturing into the cryptocurrency world with the launch of her meme coin, Mother Iggy or $MOTHER.

The US government has filed a forfeiture complaint to reclaim nearly $200,000 of tether (USDT) from Binance, which was linked to pig-butchering scams that stole over $1 million.

It is understood that Robinhood is planning to acquire London-based cryptocurrency exchange Bitstamp with a value of $200 million in cash in a move to expedite its global cryptocurrency expansion.

Russian firms increasingly use cryptocurrencies, such as Tether's USDT stablecoin, for cross-border transactions with Chinese partners to circumvent financial difficulties stemming from international sanctions.

The SEC has approved Ether ETFs, marking a significant milestone for the cryptocurrency industry by simplifying investments and potentially boosting wider adoption.

Genesis Global, a bankrupt crypto lending firm, has been allowed by a court to return approximately $3 billion in cash and cryptocurrency to its customers.

Two MIT-educated brothers were arrested on Wednesday for allegedly executing a sophisticated scheme that exploited the Ethereum blockchain, allowing them to steal $25 million in cryptocurrency within 12 seconds.

North Korea laundered $147.5 million in stolen crypto in March, according to the UN.

Alexey Pertsev, co-founder of Tornado Cash, has been sentenced to over five years in prison by a Dutch court for laundering $1.2 billion in cryptocurrency.