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Donald Trump took another step into the crypto world during a two-hour event on September 16, when he revealed key details about his DeFi project World Liberty Financial and its upcoming WLFI token. https://t.co/ws1YSdE7WD — Farokh (@farokh) September 16, 2024 According to reports by The Block and CNBC, while the token has not been launched, its structure and distribution plans were outlined to the public. The WLFI token, described as a non-transferable governance token, will give holders a role in shaping decisions on the platform but will not be freely traded. Zak Folkman, co-founder of Dough Finance, confirmed that 63%...

I just learned of the existence of this betting platform. The current election odds there are Trump 52% Harris 47%. Per Wikipedia: Polymarket is a decentralized prediction market platform that allows users to place bets on world events. Users buy and sell shares using cryptocurrency to bet on the likelihood of future events taking place. Founded in 2020 by Shayne Coplan, Polymarket is an online prediction market platform that would allow users to trade on the outcome of world events. In June 2023, Mother Jones reported that interest around the company had increased after a tweet about the outcome of...

A cryptocurrency executive found it 'hilariously funny' that the Democratic Party of Oregon reported his donation under another name, nearly leading to federal criminal charges. While Nishad Singh was working as an engineer for the now-disgraced FTX at its Bahamas headquarters, he was told by a colleague he hardly knew to send $500,000 to the Party to make Singh and the company look good, according to Oregon Live. Singh signed off on sending the half-million dollars via his account with Nevada-based Prime Trust, which specializes in wiring cryptocurrency to ordinary bank accounts. The Oregon Democrats scrambled to figure out how...

NASHVILLE, Tenn. (AP) — Former President Donald Trump on Saturday laid out his plans to wholeheartedly embrace cryptocurrency if elected for a second term, telling hundreds of cheering supporters of the digital tokens that he wants the U.S. to be a “bitcoin superpower” under his leadership. In his keynote address at a bitcoin conference in Nashville, Tennessee, the Republican presidential nominee promised to make the United States the “crypto capital of the planet” and create a bitcoin “strategic reserve” using the currency that the government currently holds. He also promised to remove Securities and Exchange Commission Chair Gary Gensler if...

As I write this, Bitcoin is trading at $69,140. Today's high - $69,400. All time closing high is around $73,000. All time intraday high is around $74,000. Bitcoin trades on many different exchanges. CNBC quotes the Coin Metrics price, which reports the trading at many of those exchanges.

The former National Security Agency contractor did not name any particular US or international lawmakers but warned many didn’t belong to the “tribe” of Bitcoiners. Edward Snowden, the former National Security Agency contractor who has been in exile in Russia since 2013, warned attendees at the Bitcoin 2024 conference about politicians trying to woo them over crypto. In a July 26 speech held virtually at the crypto conference, Snowden said many lawmakers were trying to earn the “love” of Bitcoiners, hinting at those attending the Nashville event. He did not explicitly refer to United States or international politicians, though US...

As Americans head to the polls this fall, their decision regarding who will lead our country will also determine the fate of crypto here in the United States, and our security, prosperity, and freedom are at stake.This week, I will join President Trump and thousands of crypto market participants in Nashville for Bitcoin 2024, the world's largest Bitcoin conference. This year, the conference is held in my home state at a time that is clearly the tipping point for the future of crypto technology in the U.S. This fall, the future of crypto in America is on the ballot as...

Crypto currencies plunged on Friday as investors focused on the payout of nearly $9 billion to users of collapsed bitcoin exchange Mt. Gox...[Mt. Gox was hacked ten years ago and lost almost 1 million Bitcoins - at that time, one Bitcoin was worth just $600 - Traders expect former Gox customers to cash out many of their remaining Coins, which are now worth close to 100X times their 2014 value - huge selling pressure is expected to tank the crypto market]

KEY POINTS: * For customers, fintech promised the best of both worlds: The innovation, ease of use and fun of the newest apps combined with the safety of government-backed accounts held at real banks. * The collapse of middleman Synapse has revealed fintech’s promise of safety as a mirage. More than 100,000 Americans with $265 million in deposits have been locked out of their accounts. * The implications of this disaster may be far-reaching. The most popular banking apps in the country, including Block’s Cash App, PayPal and Chime, partner with banks instead of owning them. * CNBC reached out...

Few states or countries were more welcoming to cryptocurrency miners than Texas. Now, lawmakers are expressing more skepticism. ... "Why is it that the cryptocurrency miners get such a sweetheart deal when we were here first?" asked energy economist Ed Hirs. "The cryptocurrency miners operate as a parasitic load," Hirs continued. "They're the tapeworms of the ERCOT grid." ... "I'm not sure how the legislature is going to deal with it," Hirs said. "Can you put the genie back in the bottle?" ... (Lee) Bratcher argues people who do not believe in Bitcoin can still appreciate the mining operations because...

The U.S. Securities and Exchange Commission announced Tuesday it will be closing its Salt Lake office later this year. The news comes just a week after misconduct by commission prosecutors led to the dismissal of a civil fraud case against Utah cryptocurrency brokers and the awarding of $1.8 million in attorney fees."Companies were seized, assets were frozen and lives were upended" as a result of misconduct by SEC prosecutors, a federal judge said while dismissing a civil fraud case against Utah cryptocurrency brokers and awarding the brokers $1.8 million in attorney fees.

"Companies were seized, assets were frozen and lives were upended" as a result of misconduct by prosecutors for the U.S. Securities and Exchange Commission, a federal judge said while dismissing a civil fraud case against Utah cryptocurrency brokers and awarding the brokers $1.8 million in attorney fees. U.S. Chief District Judge Robert Shelby upbraided the commission, saying it recklessly used "layers of false statements" in a "gross abuse of power," saying their misrepresentations were "deeply troubling" and undermined the integrity of the judicial process, before dismissing its case May 28 and ordering payment of fees that will ultimately be financed...

BREAKING: 🇺🇸 President Biden vetoes bill that allows highly regulated financial firms to hold #Bitcoin and crypto

The IC is coming after Judge Sam Alito, but not because of his non pretending, general J6 disdain, solid grasp on the fraud that is Joe Biden, or his wife having an upside-down flag (although the non-pretending aspect is very troubling for them). No, the IC has been coming for Justice Alito since Chief Justice John Robert’s internal court counselor’s lead office staff, Sheldon Snook, the husband of Mary McCord, leaked the Alito decision [Dobbs Decision] overturning Roe and sending the abortion issue back to the states.The Sheldon Snook leak, hidden by Justice Roberts due to the origination from his...

Bitcoin’s “halving” is expected to happen soon. But its potential impact depends on your relationship to the coin; it’s likely to affect miners and investors differently. “To the people who own bitcoin because they think it’s a good store of value, this halving is not that big of a deal. But to the miners, it’s a huge deal,” Omid Malekan, an adjunct professor at Columbia Business School and author of “Re-Architecting Trust: The Curse of History and the Crypto Cure for Money, Markets, and Platforms,” tells CNBC Make It. Miners receive bitcoins, known as block rewards, for verifying and validating...

Sam Bankman-Fried will learn his sentence Thursday, four months after he was found guilty of orchestrating the multibillion-dollar fraud that prompted the collapse of the FTX cryptocurrency exchange. A federal jury in New York City convicted Bankman-Fried, 32, in November on each of the two counts of fraud and five counts of conspiracy he faced. He has been jailed at the Metropolitan Detention Center facility in Brooklyn ever since, with his bail having been revoked over witness-tampering allegations. Federal prosecutors are seeking as much as 50 years of the statutory 110-year sentence implied by the conviction. Bankman-Fried apparently lacks a...

Global bank messaging network SWIFT is planning a new platform in the next one to two years to connect the wave of central bank digital currencies now in development to the existing finance system.. The move, which would be one of the most significant yet for the nascent CBDC ecosystem given SWIFT's key role in global banking, is likely to be fine-tuned to when the first major ones are launched. 90% of the world's central banks are now exploring digital versions of their currencies. Most don't want to be left behind by bitcoin and other cryptocurrencies, but are grappling with...

If you've ever jokingly wondered if your search or viewing history is going to "put you on some kind of list," your concern may be more than warranted. In now unsealed court documents reviewed by Forbes, Google was ordered to hand over the names, addresses, telephone numbers, and user activity of Youtube accounts and IP addresses that watched select YouTube videos, part of a larger criminal investigation by federal investigators. The videos were sent by undercover police to a suspected cryptocurrency launderer under the username "elonmuskwhm." In conversations with the bitcoin trader, investigators sent links to public YouTube tutorials on...

The Financial Times, perhaps THE arch-critic of cryptocurrencies over the past decade, has conceded that Bitcoin might just have a purpose. It’s just the latest data point that there is a great shift happening in how people view crypto, from ex-President Donald Trump to Larry Fink. They may not fully grasp what’s going on (who does?), but they sense it’s important. “The bitcoin bulls have been proved mostly right about its prospects as a long-term investment,” Rockefeller International Chair Ruchir Sharma wrote in an opinion piece titled “Once dismissed as fanatics, the bitcoin bulls must be feeling vindicated.” Noting that...

The emergence of new technologies means demand is soaring for power across the country; in Georgia, "demand for industrial power is surging to record highs, with the projection of electricity use for the next decade now 17 times what it was only recently," Evan Halper said for The Washington Post. Northern Virginia "needs the equivalent of several large nuclear power plants to serve all [its] new data centers," Halper said, while Texas faces a similar problem. This demand is resulting in a "scramble to try to squeeze more juice out of an aging power grid." At the same time, companies...