The Biden White House has just released its first-ever framework on what crypto regulation in the U.S. should look like — including ways in which the financial services industry should evolve to make borderless transactions easier, and how to crack down on fraud in the digital asset space.

It’s been a strenuous year for the crypto business. After hitting a high of more than $68,000 in November 2021, bitcoin has plunged to hover around $20,000.

Cryptocurrency exchange FTX is raising capital in parallel with a potential acquisition, according to a person familiar with the matter.

Crypto markets appeared to be in suspension on Wednesday as traders awaited the Ethereum blockchain’s historic Merge – the network’s transition to proof-of-stake (PoS) network, expected to take place in about 12 hours.

The Ethereum blockchain, the largest behind bitcoin, is about to undergo the beginnings of a major upgrade.

Dubbed the “merge,” Ethereum is switching to a more energy-efficient method of validating transactions that take place on the platform, known as proof of stake.

Cryptocurrency transactions in Indonesia hit $60 billion last year, according to the country’s commodities futures trading agency. Crypto exchange and marketplace Reku has been riding the wave with what it says are the lowest fees on the market, and a platform that is aimed at both newcomers and experienced traders. Today, the startup, founded in 2017, announced it has raised $11 million in Series A funding, led by AC Ventures (ACV) with participation from Coinbase Ventures and Skystar Capital.