After sparing no expense on the 2024 election, American crypto-related firms are doubling down on lavish political spending—by donating in droves to Donald Trump’s inauguration committee. Inaugural funds like Trump’s pay for the days of lavish dinners, parties, and parades that typically surround an incoming president’s swearing-in, as well as the official ceremony itself. Donations to inaugural committees are commonplace…
Category: News
Arbitrum Developer Names Former Nasdaq Digital Assets Chief to Lead Venture Efforts
Former Nasdaq digital assets head Ira Auerbach has joined Arbitrum developer Offchain Labs to lead Tandem, the Ethereum scaling project’s venture capital and partnership division. Auerbach brings extensive experience from traditional finance and crypto, previously serving as Senior Vice President and Head of Digital Assets at Nasdaq. Before that, he held leadership positions at Gemini, including Global Head of Gemini…
Offchain transaction validation could prevent 99% of crypto hacks, scams
A blockchain security solution by Cyvers could prevent 99% of crypto hacks and scams, addressing vulnerabilities like phishing and CEX exploits that cost $2.3 billion in 2024. Source: https://cointelegraph.com/news/offchain-transaction-validation-prevent-crypto-hacks-scams?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
UK Court Halts Hunt for Lost $750 Million Worth Bitcoin in Council Dump
James Howells, an IT engineer from Newport, Wales, has lost his long-running legal battle to recover a hard drive containing 8,000 Bitcoin valued at over $750 million. The Newport City Council has consistently denied access to the landfill where the hard drive was accidentally discarded in 2013, citing environmental concerns. In the latest setback, Judge Keyser KC dismissed Howells’ case,…
Pro-Crypto President-Elect Donald Trump Loses Supreme Court Bid to Skirt Sentencing
As Donald Trump prepares to return for a second term in the U.S. presidency, his path back to the Oval Office has been overshadowed by a major legal setback. The U.S. Supreme Court on Thursday denied President-elect Donald Trump’s emergency appeal to halt his criminal sentencing in New York, allowing the hearing to proceed as scheduled on Friday. The ruling…
Intelligent Web: Role of AI in Powering Beldex DApps and Sidechain
As advances in blockchain and AI continue to break boundaries and converge, striking a balance between these two technologies becomes essential. While AI consumes and processes a vast amount of data, blockchain ensures it is protected with its immutability, transparency and decentralized governance. While blockchain can leverage machine learning – specifically federated learning and Large […] Source: https://news.bitcoin.com/intelligent-web-role-of-ai-in-powering-beldex-dapps-and-sidechain/
Stablecoin issuer ‘Usual’ faces sell-off after redemption update
Usual’s USD0++ staked stablecoin introduces dual exit mechanisms, prompting market volatility and significant community debate. Source: https://cointelegraph.com/news/stablecoin-issuer-usual-selloff-redemption-update?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Arbitrum DAO gains unanimous support for BoLD protocol upgrade
The BoLD upgrade enables anyone to participate in securing the network, removing centralized validator restrictions. Source: https://cointelegraph.com/news/ethereum-layer-2-scaling-solution-arbitrum-proposes-bo-ld-protocol-to-counter-delay-attacks?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Russia seizes $10M in Bitcoin from ex-official in bribery case
The Bitcoin seized from former ICRF employee Marat Tambiev will be turned into Russian state revenue from a hardware crypto wallet. Source: https://cointelegraph.com/news/russia-seizes-10-million-bitcoin-from-official-biggest-bribery?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Casa Assists Customer in Recovering Funds After Losing Bitcoin Seed Phrase in Fire
Nick Neuman, CEO and co-founder of Casa, a Bitcoin self-custody services company, recently reported a case in which Casa helped a customer avoid losing funds due to a fire. On social media, Neuman stated that the Casa emergency line received a call from a customer who lost his seed phrase in the fire. Nonetheless, this […] Source: https://news.bitcoin.com/casa-assists-customer-in-recovering-funds-after-losing-bitcoin-seed-phrase-in-fire/