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Rep. Tom Emmer explains why a generational divide is setting the tone on crypto in Congress

Rep. Tom Emmer explains why a generational divide is setting the tone on crypto in Congress

Quick Take

  • Representative Tom Emmer, a leading figure in blockchain policy on Capitol Hill, sat down with The Block to discuss recent congressional developments.
  • Despite frost towards Bitcoin from the Biden administration and key allies due to ransomware attacks, Emmer is optimistic that education is ongoing and bipartisan.
  • Emmer also gave his take on what will need to happen during this congress to get blockchain bills into law — a historic stumbling block for the industry.

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Adoption of smart wallets

Quick Take

  • There are more than 40 varieties of different smart contract wallets on Ethereum
  • Gnosis Safe grows organically and remains the most popular solution among crypto-native projects
  • Argent and Dharma lost users after canceling gas subsidies
  • Instadapp has a sharp surge in interest related to the launch of its INST token

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Confirmed: Stablecoin firm Circle to go public via SPAC merger

Circle, the crypto firm that operates leading stablecoin USD Coin (USDC), has agreed to go public through a merger with a SPAC.

The post Confirmed: Stablecoin firm Circle to go public via SPAC merger appeared first on The Block.

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Visa’s crypto partnerships grow by 43% in four months

The number of Visa’s partnerships with crypto firms has grown by 43% in the last four months. The company now has 50 active such partnerships.

The post Visa’s crypto partnerships grow by 43% in four months appeared first on The Block.

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Bitcoin’s mining revenue per TH/s recovers to mid-May level when price was around $45,000

Thanks to the difficulty adjustment, bitcoin’s mining revenue per TH/s is back to the same level when its price was around $45,000 in mid-May.

The post Bitcoin’s mining revenue per TH/s recovers to mid-May level when price was around $45,000 appeared first on The Block.

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Welsh crypto insurer Coincover lands $9.2 million Series A fundraise

Coincover, a Cardiff-based startup providing insurance protection to crypto investors, has secured $9.2 million in Series A funding.

The post Welsh crypto insurer Coincover lands $9.2 million Series A fundraise appeared first on The Block.

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Making sense of FATF’s latest 12-month crypto review

Quick Take

  • The Financial Action Task Force (FATF) just released its 12-month review of its crypto guidance, which was published in draft form in 2019.
  • The global anti-money-laundering watchdog is concerned at the slow pace of implementation. Here’s what’s been holding things up.

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Senator Pat Toomey buys into Grayscale’s Bitcoin and Ether trusts

New financial disclosures show another crypto investor in the Senate — though he’s not holding coins himself.

The post Senator Pat Toomey buys into Grayscale’s Bitcoin and Ether trusts appeared first on The Block.

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The big picture takeaways from Robinhood’s S-1 filing

Robinhood’s S-1 shows how much of a concern PFOF is for its bottom line, for starters.

The post The big picture takeaways from Robinhood’s S-1 filing appeared first on The Block.

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Israeli counterterror authority seizes 84 crypto addresses it says belong to Hamas

Analysts estimate the total value received by the wallet addresses at nearly $8 million.

The post Israeli counterterror authority seizes 84 crypto addresses it says belong to Hamas appeared first on The Block.

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