While the Harris campaign isn’t taking crypto contributions directly, Future Forward USA, is a major source of support for Harris, and the development is, at minimum, possibly a signal that Democrats are warming to cryptocurrencies. Harris’ opponent in the presidential election, Donald Trump, has courted – and won – support from crypto fans and companies. The presidential administration in which Harris serves has been strongly criticized by the industry for what’s viewed as an anti-crypto stance. Source
Category: ICO
The Secret Code Behind Trump Family Crypto Project
As if this weren’t all entertaining enough, the project is reportedly aided by a cast of characters who, in other times and other contexts, might give campaign-vetters pause. They include Zachary Folkman, listed in the white paper as World Liberty Financial’s head of operations, and Chase Herro, its data and strategies lead. A limited liability corporation for World Liberty Financial is registered to Folkman, who, along with Herro, is the co-creator of Subify, which bills itself as a censorship-free competitor to both Patreon and OnlyFans – both services that let…
How Ethereum 2.0 Can Transform DeFi
For those who didn’t follow the case, the SEC believed ether (ETH) was sold as an unregistered stock, with concerns that it was being sold without following certain rules and protocols. However, Ethereum’s proponents argued that, since the network is decentralized, it does not meet the criteria of an investment contract or security. Source
Private Blockchains, Smart Contracts, and AI Integration
A robust custody solution should consider advanced technologies to ensure the security and integrity of stored value. One option is a private and permissioned blockchain, which can serve as the backbone for transaction integrity and auditing, providing a reliable mechanism for tracking asset movements. The design of such blockchains assures that transactions are both auditable and immutable, which is crucial for maintaining trust and security. While a simple database can provide some of these functions, a private blockchain delivers them out of the box, offering enhanced security, transparency, and reliability.…
The Future of Yield Generation in Crypto Portfolios
Bitcoin’s primary appeal has always been its potential for significant capital appreciation. However, unlike Ethereum and Solana, which offer staking rewards to holders, Bitcoin lacks a straightforward method for generating yield. Traditionally, investors have resorted to lending their Bitcoin to earn interest. Yet, this approach carried significant risks, particularly due to rehypothecation, where assets were used as collateral for further lending. This practice led to a credit bubble that ultimately burst in 2022, resulting in widespread insolvencies and a loss of trust in many facets of the market. Source
Andreessen Horowitz, Union Square Ventures Get Subpoenaed by New York Attorney General About Uniswap (UNI)
“Letitia James seems to be following in the footsteps of SEC Chairman Gary Gensler, using crypto as a political punching bag,” said one person who had seen the subpoenas, under the condition they would remain anonymous, voicing a widespread concern among crypto players about some politicians’ view of the industry. Source
Nigeria’s Crypto Thaw: Not What It Seems
Crypto regulation in most of Africa is inevitable, as governments accept that trying to stop activity is futile. Note that Nigeria became the world’s second most “crypto” economy, according to the Chainalysis global adoption rankings, even after a blanket ban on crypto firms accessing fiat. For many of Africa’s youth, crypto trading is one of the very few available sources of income. And, for savers terrified of losing value amid painful inflation and freefall devaluation, holding crypto assets can be not just a lifeline, but also a way to access…
Uniswap Labs Settles CFTC Charges Over ‘Illegal’ Margin Products
“During the Relevant Period, the digital assets traded on the Protocol through the Interface included a limited number of leveraged tokens, which provided users approximately 2:1 leveraged exposure to digital assets such as ether (ETH) and bitcoin (BTC), both commodities in interstate commerce,” a CFTC filing said. Source
In Trump-Backed Crypto Project World Liberty Financial (WLFI), Insiders Are Poised for Unusually Big Paydays
Though the Trump family appears to have been heavily involved in the promotion and inception of the project, the white paper takes pains to distance the project from any political affiliation, stating: “World Liberty Financial is not owned, managed, operated, or sold by Donald J. Trump, the Trump Organization, or any of their respective family members, affiliates, or principals. However, they may own $WLFI and receive compensation from World Liberty Financial and its developers. World Liberty Financial and $WLFI are not political and have no affiliation with any political campaign.”…
Bitcoin Price (BTC) Declines 2.4% While Ether Price (ETH) Drops 2.1%
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