Crypto-backed PAC Raises $78M for 2026 Midterm Elections
A political action committee (PAC) disclosed it had raised millions of dollars to support pro-crypto candidates in the 2026 midterm elections, with the 2024 United States elections closing in less than 48 hours. In a November 4 notice, the Fairshake PAC disclosed receiving $48 million in contributions from Coinbase, a cryptocurrency exchange, and Andreessen Horowitz, […]
Biconomy Acquires Klaster for Modular Execution Environment
To establish a Modular Execution Environment (MEE), Biconomy, a provider of account abstraction for Web3 and decentralized applications (DApps), has acquired Klaster, a blockchain abstraction specialist. One of the primary objectives of the acquisition is to enhance the user experience and simplify blockchain complexities for developers through the development of the MEE, a conceptual framework. […]
Sky Co-founder Proposes no New Emissions, Reduce Total Supply
Rune Christensen, the co-founder of Sky (formerly MakerDAO), announced he is formulating a proposal for “strictly deflationary tokenomics” to cease token emissions and reduce the total supply. Christensen’s objective is to prevent token emissions from occurring “under normal circumstances,” irrespective of whether the primary token remains as Maker or is rebranded as SKY per the […]
VP Harris to Unveil Campaign Support for Crypto, Cannabis
As part of her “Opportunity Economy” agenda, current Vice President and presidential candidate Kamala Harris continues to engage with the cryptocurrency community. She has an appointment with a group of Black entrepreneurs in Erie, Pennsylvania, on October 14. Her agenda specifies that she will address her advocacy for Black-owned small businesses, cryptocurrency and digital asset […]
2 UK, Colombia Exchanges Linked to TD Bank Case
Two unidentified cryptocurrency exchanges in the United Kingdom and Colombia may have been involved in TD Bank’s recent debacle. On October 10, TD Bank’s US subsidiary consented to pay over $3 billion in penalties and accept restrictions on its growth trajectory in the United States to resolve allegations of inadequate money laundering supervision by criminal […]