Venture capital pours $2.4B into crypto startups in early 2024

May 3, 2024
The Last Cryptocurency
Cointelegraph Feed
Cointelegraph Feed

Investments in the first quarter were influenced by innovation in areas like restaking, modularity, Bitcoin layer-2 solutions, and macroeconomic factors.

Catch up on nonfungible token (NFT)-related news this week from restaurants to movies and music. Below is a roundup of stories you don't want to miss. Melania Trump's eyes become an NFTFormer first lady Melania Trump launched her own NFT platform and dropped her first digital collectible titled "Melania's Vision," which will be on sale through…

EigenLayer eyes consumer adoption post EIGEN unlock, founder says

The restaking protocol will start by targeting crypto-native apps, with EigenDA serving as a “beachhead” for onboarding, Sreeram Kannan said.

Bitcoin could hit $210K in 2025, says Presto research head

Peter Chung, head of research at quantitative trading firm Presto, has repeated his prediction that Bitcoin (BTC) will reach $210,000 by the end of 2025. In an April 28 interview with CNBC, Chung cited institutional adoption and global liquidity expansion as the primary drivers behind his long-term bullish outlook. The analyst acknowledged that market conditions

Diar: Bitcoin Transaction Volume Shows Signs of Bull Market as Quarterly Trend Reverses

On-chain transactions on the bitcoin (BTC) network hit fresh highs not seen since 2017 in April, industry newsletter Diar noted on April 30, quoting blockchain data provider TokenAnalyst.Continuing a trend that had already started at the end of March, on-chain transaction volume hit a 14-month high in April. This, Diar notes, is similar to the…

Nigeria set to pass bill recognizing Bitcoin and cryptocurrencies

The slated law comes as Nigeria's eNaira has only managed to obtain a 0.5% adoption rate 12 months after its launch in Oct. 2021. 1436 Total views 26 Total shares Own this piece of crypto history Collect this article as NFTThe Nigerian government will reportedly soon pass a law that will recognize the usage of…

Illegal Crypto Miner Caught After Stealing More Than $400K of Electricity

Russian police arrested a 30-year-old crypto miner who they accuse of stealing over $494,000 in electricity from the state power network. 680 Total views 22 Total shares Police arrested a resident in Makhachkala, Russia, on June 9, who allegedly created an illegal massive crypto-mining structure that connects around 500 platforms to the local power supply…

Is the election the end for PolitiFi memecoins — Or just the start?

PolitiFi memecoins are surging as they near the US elections, which could mark their final act unless they find new life serving the community’s interest.

Swiss Mortgage Bank Hypi Lenzburg Partners With Crypto Asset Manager TokenSuisse

Swiss mortgage bank Hypothekarbank (“Hypi”) Lenzburg has partnered with Swiss crypto asset manager TokenSuisse to expand the bank’s service offerings for crypto and blockchain firms. The development was announced on the bank’s official Twitter on March 25.Hypi Lenzburg is headed by CEO Marianne Wildi, reportedly a former programmer, who first launched the bank’s lending services…

Thailand SEC plans to launch tokenized securities trading system

The platform will allow securities companies to trade digital tokens to capitalize on their large investor bases, according to the Securities and Exchange Commission of Thailand.

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