Chainalysis said around 94% of the TRUMP and MELANIA tokens are held by around 40 wallets that each hold over $10 million worth. Source: https://cointelegraph.com/news/crypto-whales-dominate-holdings-trump-tokens-chainalysis?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: January 2025
Bitcoin not a ‘threat’ to the US dollar: Goldman Sachs CEO
Goldman Sachs CEO David Solomon called the original cryptocurrency an “interesting speculative asset.” Source: https://cointelegraph.com/news/bitcoin-no-threat-dollar-goldman-sachs-ceo-david-solomon?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Ethereum Taps Wall Street Veteran Vivek Raman to Drive Institutional Push
A new Ethereum-focused startup backed by founder Vitalik Buterin aims to win over Wall Street as the network attempts to keep up with broader developments in the crypto industry. Etherealize, founded by former Nomura and UBS bond trader Vivek Raman, announced its launch Wednesday evening in New York. “All roads flow through ETH. We’ll show the world why,” the company…
TRUMP and MELANIA Tokens Targeted: Fake Sites Fuel Wallet Drains
Fraudsters exploiting TRUMP and MELANIA tokens are draining wallets through fake websites, tricking users into sharing seed phrases and risking massive cryptocurrency losses. Fraud Wave Rocks TRUMP and MELANIA Tokens: Are Your Funds Safe? Fraudsters have leveraged the rising popularity of meme coins tied to U.S. President Donald Trump and his wife, Melania, creating over […] Source: https://news.bitcoin.com/trump-and-melania-tokens-targeted-fake-sites-fuel-wallet-drains/
North Dakota bill seeks to cap crypto ATM transactions to tackle fraud
North Dakota’s lawmakers have introduced a bill aimed to combat crypto ATM transactions after 103 state residents reported $6.5 million in losses to crypto scams in 2023. Source: https://cointelegraph.com/news/north-dakota-bill-seeks-protect-crypto-atm-users-from-scams?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Ethereum fee earnings rise in 2024 despite cost-saving Dencun upgrade: CoinGecko
The Ethereum blockchain’s earnings from fees saw a 3% year-on-year rise from 2023 to 2024 despite the Dencun upgrade early last year, which reduced network fees. Source: https://cointelegraph.com/news/ethereum-2024-fee-earnings-rise-despite-cost-reductions-coin-gecko?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
BRICS Challenges Dollar Dominance: Iran Backs Local Currency Framework
BRICS nations are boosting trade in national currencies, a move Iran emphasizes as vital for reducing dollar dependence and countering the economic impact of sanctions. Breaking Free From the Dollar: Iran Pushes BRICS Toward Financial Sovereignty Countries worldwide are increasingly reducing their reliance on the U.S. dollar in international trade, signaling a significant shift in […] Source: https://news.bitcoin.com/brics-challenges-dollar-dominance-iran-backs-local-currency-framework/
Robert Kiyosaki Rejects TRUMP Coin, Doubles Down on Bitcoin
Robert Kiyosaki reaffirmed his commitment to bitcoin, favoring BTC over speculative crypto ventures like the newly launched Trump coin. Why Robert Kiyosaki Sticks With Bitcoin Over TRUMP Meme Coin Robert Kiyosaki, the celebrated author of Rich Dad Poor Dad, weighed in on the official Trump coin (TRUMP) and bitcoin in a post on social media […] Source: https://news.bitcoin.com/robert-kiyosaki-rejects-trump-coin-doubles-down-on-bitcoin/
Is TikTok’s Parent Company Buying $12B Worth of AI Chips?
Tiktok’s parent company, ByteDance, may be planning to spend more than $12 billion on AI chips in 2025, the Financial Times reported Wednesday. The move would effectively double its investment from last year, even as its flagship app navigates choppy political waters in the U.S. Chinese tech companies face mounting pressure from Beijing to boost their local industries and reduce their dependency…
Who Is Ross Ulbricht? The Silk Road Founder and Bitcoin Icon Pardoned by Trump
You may have heard of Ross Ulbricht and how President Donald Trump just pardoned him. But who is he, and what’s it got to do with Bitcoin? For years, the crypto community had been calling for Ulbricht to be freed after a judge in 2015 sentenced him to life in prison. Who’s Ross? Ross William Ulbricht, 40, grew up in…