Layer-2 Networks Blamed for Ethereum's Investment Appeal Hitting 5-Year Low
Venture capitalists argue that 'greedy' layer-2 networks and excessive token creation are responsible for Ethereum's declining performance against Bitcoin. With ETH/BTC ratio at its lowest since 2019 and Standard Chartered cutting price forecasts, the cryptocurrency's investment potential faces serious scrutiny.
France Takes Bold Step with €25M Crypto Investment Fund to Boost Local Blockchain Innovation
France's state-owned Bpifrance bank launches €25M fund to invest directly in local cryptocurrency projects before exchange listings. The strategic initiative aims to retain talent and strengthen France's position in digital assets while maintaining European technological sovereignty.
Haun Ventures Targets $1B Fundraise with Dual Crypto Investment Funds
Venture capital firm Haun Ventures aims to raise $1 billion across two new cryptocurrency funds by June 2024. Founded by former Coinbase board member Katie Haun, the firm plans to split funding between early and late-stage investments amid evolving market conditions.
A16z Crypto Challenges IRS's New DeFi Reporting Requirements in Landmark Lawsuit
Venture capital firm A16z Crypto joins forces with industry groups to contest IRS regulations that would classify DeFi platforms as brokers. The controversial rules, set to take effect in 2027, are criticized for potentially stifling innovation and placing unreasonable compliance burdens on developers.
Venture Capital Pours $800M into Crypto Projects Despite Market Uncertainty
November saw $800 million in venture capital flow into crypto startups, with infrastructure projects leading at $583M and DeFi seeing a 31% funding boost. Despite being down 8% from October, the strong investment signals continued institutional confidence in blockchain technology.
Trump Names Former PayPal Executive as White House AI and Crypto Advisor
Donald Trump appoints tech veteran David Sacks as the new 'Crypto Czar' to oversee AI and cryptocurrency policy. The former PayPal COO will chair the Presidential Council of Advisors for Science and Technology, signaling potential shifts toward reduced industry regulation.
Federal Court Ruling Classifies Lido DAO as General Partnership, Setting Major Legal Precedent
A California federal court has ruled that Lido DAO qualifies as a general partnership, potentially exposing members to legal liability. This landmark decision challenges traditional views of decentralized organizations and could force DAOs to reconsider their operational structures.
Bitcoin Revolutionizes Venture Capital: A New Era for Startup Funding
Bitcoin and cryptocurrency markets are transforming traditional venture capital, creating innovative funding pathways for startups and entrepreneurs. With European tech funding projected at $45 billion for 2024, Bitcoin-based mechanisms offer alternative routes for capital raising and foster decentralized innovation.