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Democrats are investigating Trump crypto advisor David Sacks over a possible SGE violation

engadget.com Unknown 2025-09-18 12:58:03

Senator Elizabeth Warren (D-MA) and Representative Melanie Stansbury (D-N.M.) are leading a group of congressional Democrats in investigating White House Special Advisor David Sacks for possibly serving in his position for longer than he's allowed. Sacks, a former PayPal executive and venture capitalist at Craft Ventures, was originally picked by President Donald Trump to be the "White House A.I. & Crypto Czar" in 2024. "Any effort to stay beyond the time limits imposed on you as a Special Gove

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Sen. Warren presses Trump AI and crypto czar Sacks on whether he's overstayed his job

cnbc.com Mackenzie Sigalos 2025-09-19 03:12:32

U.S. President Donald Trump sits next to Crypto czar David Sacks at the White House Crypto Summit at the White House in Washington, D.C., U.S., March 7, 2025. What was meant to be a short-term assignment for venture capitalist David Sacks in President Donald Trump's White House appears to have stretched into something much bigger, according to leading Democratic lawmakers. Sen. Elizabeth Warren, D-Mass., and Rep. Melanie Stansbury, D-N.M., have teamed up with a number of other progressive poli

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Heroic Gas Station Clerk Realizes Elderly Women Are Being Scammed at the Bitcoin ATM, Unplugs It to Save Them

futurism.com Unknown 2025-09-24 21:15:30

One of the core appeals of cryptocurrency — other than providing a get-rich-quick scheme for famous people with huge sway over their followers, like a sitting president or an airheaded influencer — is that it's decentralized and largely unregulated. Of course, that also makes it a breeding ground for fraud. Just ask Boise, Idaho gas station clerk Avalon Hardy. As Inc reports, she ended up repeatedly intervening to stop old ladies from getting ripped off by using the establishment's Bitcoin ATM

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Tether Taps Trump’s Former Crypto Advisor to Lead US Operations

gizmodo.com Aj Dellinger 2025-09-24 17:00:34

In an effort to solidify itself as the go-to company in the cryptocurrency space for stablecoins, Tether is tapping Bo Hines, the former Executive Director of Donald Trump’s White House Crypto Council to lead its operations in the United States, including efforts to launch a new stablecoin called USAT that will comply with new, Trump-backed regulations, according to CNBC. Tether is best known for its USDT stablecoin, which is pegged to the US Dollar and has become the most commonly used token f

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Winklevoss-founded Gemini prices IPO at $28 per share, valuing the crypto exchange at $3.3 billion

cnbc.com Tanaya Macheel 2025-09-26 21:58:31

Tyler Winklevoss and Cameron Winklevoss (L-R), creators of crypto exchange Gemini Trust Co., on stage at the Bitcoin 2021 Convention, a cryptocurrency conference held at the Mana Convention Center in Wynwood in Miami, Florida, on June 4, 2021. Gemini Space Station, the crypto company founded by Cameron and Tyler Winklevoss, priced its initial public offering at $28 per share late Thursday The company priced the offering above its expected range of $24 to $26, valuing the company at $3.3 billio

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Winklevoss-founded Gemini reportedly prices IPO at $28 per share, valuing the crypto exchange at $3.3 billion

cnbc.com Tanaya Macheel 2025-09-27 05:02:15

Tyler Winklevoss and Cameron Winklevoss (L-R), creators of crypto exchange Gemini Trust Co., on stage at the Bitcoin 2021 Convention, a cryptocurrency conference held at the Mana Convention Center in Wynwood in Miami, Florida, on June 4, 2021. Gemini Space Station, the crypto company founded by Cameron and Tyler Winklevoss, priced its initial public offering at $28 per share late Thursday, according to Bloomberg. A person familiar with the offering told the news service that the company priced

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A cryptography expert on how Web3 started, and how it’s going

news.ycombinator.com Dina Genkina 2025-10-01 15:47:44

The term Web3 was originally coined by Etherium cofounder Gavin Wood as a secure, decentralized, peer-to-peer version of the Internet. The idea was to build an Internet based on blockchain technology and a peer-to-peer network, without the need for large data centers or third-party providers. These days, however, blockchain is most famous as the tool enabling cryptocurrencies. Most recently, the Trump administration has taken on a pro-cryptocurrency stance, boosting blockchain’s popularity and m

Topics: cryptography hardware key security web3

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Nasdaq to invest $50 million in Winklevoss-founded crypto exchange Gemini

cnbc.com Tanaya Macheel 2025-10-02 17:54:03

Tyler Winklevoss, chief executive officer and co-founder of Gemini Trust Co., left, and Cameron Winklevoss, president and co-founder of Gemini Trust Co., speak during the Bitcoin 2021 conference in Miami, Florida, U.S., on Friday, June 4, 2021. Gemini, the crypto exchange founded by Cameron and Tyler Winklevoss, has secured Nasdaq as a strategic investor ahead of its initial public offering this week, CNBC has confirmed. Nasdaq plans to invest $50 million in the crypto company in a partnership

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The Dying Dream of a Decentralized Web

news.ycombinator.com Dina Genkina 2025-10-02 16:47:44

The term Web3 was originally coined by Etherium cofounder Gavin Wood as a secure, decentralized, peer-to-peer version of the Internet. The idea was to build an Internet based on blockchain technology and a peer-to-peer network, without the need for large data centers or third-party providers. These days, however, blockchain is most famous as the tool enabling cryptocurrencies. Most recently, the Trump administration has taken on a pro-cryptocurrency stance, boosting blockchain’s popularity and m

Topics: cryptography hardware key security web3

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Dan Ives to become chair of company that will buy Sam Altman-backed Worldcoin for its treasury

cnbc.com Tanaya Macheel 2025-10-06 13:50:21

Wedbush Securities' Dan Ives is joining a new company focused on accumulating Worldcoin (WLD), the native token of the blockchain used in Open AI creator Sam Altman's biometric identity verification startup, World. Eightco Holdings, a tiny company that currently trades on the Nasdaq under the ticker "OCTO ," announced Monday that Ives, Wedbush's global head of technology research, is now chairman of the board of directors. It also announced a $250 million private placement to implement a buying

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The New Math of Quantum Cryptography

wired.com Ben Brubaker 2025-10-06 05:00:00

The original version of this story appeared in Quanta Magazine. Hard problems are usually not a welcome sight. But cryptographers love them. That’s because certain hard math problems underpin the security of modern encryption. Any clever trick for solving them will doom most forms of cryptography. Several years ago, researchers found a radically new approach to encryption that lacks this potential weak spot. The approach exploits the peculiar features of quantum physics. But unlike earlier qua

Topics: bedrock cryptography problems quantum tower

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A Sitting President Is Making Billions Off Crypto, Which Feels Like a Bit of an Outrage

futurism.com Unknown 2025-10-06 01:00:34

Before his first presidential bid, TV personality and real estate tycoon Donald Trump was doing just fine, financially speaking. The benefactor of a $5.5 million trust fund, adjusted for inflation — not to mention a $20 million inheritance from his father, split with his siblings — Trump's actual net worth has always been a hazy target for estimates. As he left office in 2021, Trump's net worth seemed to be around $2.3 billion, according to Forbes, thanks to legal fallout and a real estate port

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What the Hell Is Going on With Crypto Billionaire Justin Sun and Donald Trump?

gizmodo.com Matt Novak 2025-10-07 09:30:06

World Liberty Financial’s crypto token WLFI started trading on exchanges Monday, which was great news for President Donald Trump’s family, who holds a reported 22.5 billion tokens. The move instantly created billions in wealth for America’s ruling family of fascists (at least on paper). But Justin Sun, a pro-Trump crypto billionaire who reportedly bought about $75 million of the token, says his wallets have been frozen. And nobody is sure why. The Trump family was instrumental in launching Wor

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Stripe enlists a who’s who, including Anthropic, OpenAI, and Paradigm, to build a new blockchain

techcrunch.com Julie Bort 2025-10-09 01:07:34

In Brief Stripe is funding a new blockchain company called Tempo, co-founder CEO Patrick Collison announced on Thursday. Tempo is aimed at high-volume processing of stablecoins — coins that help reduce crypto’s notorious volatility because they are pegged to a stable asset like the U.S. dollar. That’s not surprising given that Stripe acquired stablecoin company Bridge. What is surprising is the eye-popping list of companies Stripe has already enlisted: Anthropic, Coupang, Deutsche Bank, DoorDa

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The Loophole Turning Stablecoins Into a Trillion-Dollar Fight

wired.com Adam Willems 2025-10-13 06:00:00

On July 18, after more than a decade of legal uncertainty, US lawmakers finally brought part of the crypto industry into the regulatory fold. The newly signed Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act requires issuers of stablecoins—cryptocurrencies that claim a value tied to a more stable asset—to fully back their tokens with cash or short-term Treasury bonds, submit to audits, and follow anti-money laundering rules, among other conditions. In an effort to cem

Topics: bank crypto rewards stablecoin stablecoins

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The Winklevoss Twins Are Eyeing $2.22 Billion Crypto IPO

gizmodo.com Ece Yildirim 2025-10-14 05:30:35

The Winklevoss twins are aiming for a $2.22 billion IPO for their cryptocurrency exchange Gemini, the company announced in a press release on Tuesday. Crypto is having a moment thanks to the Trump administration’s lax regulatory policies. Meanwhile, the IPO market is heating up again with splashy debuts from other tech stocks like Chime and Figma. The two factors combined make for a particularly profitable environment for crypto-related stocks and IPOs. When it debuts, Gemini will become the t

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Bitcoin bucks stock market downtrend but lags gold rally

cnbc.com Tanaya Macheel 2025-10-14 17:40:30

The moves came amid a sell-off in stocks and a jump in bond yields, which were triggered by concerns — which first emerged late on Friday ahead of the extended holiday weekend — on the legality of President Donald Trump's global tariffs and the prospect that the U.S. may have to repay money already received . The price of so-called digital gold rose as much as 2% to reclaim the $111,000 level after dropping over the weekend to a low last seen in July. Spot gold hovered around $3,500 after surpa

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“This telegram must be closely paraphrased before being communicated to anyone”

news.ycombinator.com Unknown 2025-10-17 04:39:47

It appears that it was US military communications doctrine to not send the exact same message twice using different encryption ("none" counting as one type of encryption), and the term of art for changing a message to avoid that was indeed "paraphrase". I managed to dig up a US Army document on Cryptology from roughly that era that appears to discuss paraphrasing. The document in question is Department of the Army Technical Manual TM 32-220(pdf), dated 1950, titled "BASIC CRYPTOGRAPHY". It appa

Topics: cryptographic message original plain text

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"This telegram must be closely paraphrased before being communicated" Why?

news.ycombinator.com Unknown 2025-10-17 14:39:47

It appears that it was US military communications doctrine to not send the exact same message twice using different encryption ("none" counting as one type of encryption), and the term of art for changing a message to avoid that was indeed "paraphrase". I managed to dig up a US Army document on Cryptology from roughly that era that appears to discuss paraphrasing. The document in question is Department of the Army Technical Manual TM 32-220(pdf), dated 1950, titled "BASIC CRYPTOGRAPHY". It appa

Topics: cryptographic message original plain text

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Eric Trump Claims His Company Is Mining ‘3% of the World’s Bitcoin Every Single Day’

gizmodo.com Bruce Gil 2025-10-18 09:45:23

Eric Trump, the third child of President Donald Trump, showed up in Hong Kong this week to hawk his latest crypto venture and, according to him, it’s going to the moon. Trump spoke at Hong Kong’s Bitcoin Asia 2025 conference, the first stop in a planned series of crypto events across Asia featuring various Trump family members. At the conference, Trump declared that his family “loves” the crypto community and downplayed concerns about the president’s conflicts of interest with the industry. He

Topics: bitcoin crypto family million trump

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The Trump family crypto empire looks to Asia: Eric Trump talks Bitcoin in Hong Kong

cnbc.com Dylan Butts 2025-10-19 22:04:36

Eric Trump and Donald Trump Jr during the Bitcoin 2025 conference in Las Vegas, Nevada, US, on Wednesday, May 28, 2025. Bloomberg | Bloomberg | Getty Images Eric Trump said Friday he is certain bitcoin will eventually hit a $1 million valuation as he spoke at a Hong Kong conference, marking the first of a series of Asian crypto events that will feature U.S. President Donald Trump's sons. Speaking at Hong Kong's Bitcoin Asia 2025 conference, Eric Trump discussed his strong involvement in the cry

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Kanye’s Crypto Journey Gets Significantly Weirder

gizmodo.com Lucas Ropek 2025-10-25 08:58:17

Kanye West (or Ye, as he’s known now) last week announced his first foray into the cryptocurrency industry with what his X account said was a new memecoin, YZY. “The official Yeezy token just dropped,” said a bored-looking West in a video posted on his X account. This, in and of itself, was somewhat bizarre (West had previously sworn off memecoins) and some web users speculated that the video may have been AI-generated. The coin immediately skyrocketed in value, climbing—in the span of a few ho

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Ether slides to start the week after hitting a fresh record near $5,000

cnbc.com Tanaya Macheel 2025-10-27 08:09:16

Ether tumbled to start the week, erasing gains from its Jackson Hole rally after hitting a fresh record over the weekend. On Monday, the price of the second largest cryptocurrency fell 8% to $4,431.60, according to Coin Metrics. On Sunday, it rose to an all-time high of $4,954.81, after hitting an earlier record Friday for the first time since 2021. Meanwhile, bitcoin fell 2% to $110,531.00, its lowest level since July. The flagship cryptocurrency hit its most recent record of $124,496 on Aug.

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Bitcoin Flash Crash Roils Crypto Market

gizmodo.com Matt Novak 2025-10-27 20:50:49

Crypto prices dipped Monday following a so-called flash crash of Bitcoin on Sunday. And while Ethereum dipped as well, the second most popular cryptocurrency is still up significantly on the month. Bitcoin’s weekend crash is being blamed on a single whale who sold 24,000 Bitcoin, according to crypto watchers on X. Bitcoin’s most recent peak hit $117,370 on Friday, not too far from the all-time high of $124,500. But Bitcoin is currently sitting at $112,660, well below recent highs. “Bitcoin fla

Topics: bitcoin crypto ethereum recent thiel

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Ether pulls back to start the week after hitting a fresh record near $5,000

cnbc.com Tanaya Macheel 2025-10-28 04:32:44

Ether is pulling back to start the week, after hitting a fresh record over the weekend. On Monday, the price of the second largest cryptocurrency fell 4% to $4,631.61, according to Coin Metrics, trading off its lows of the day. On Sunday, it rose to a fresh record of $4,954.81, after hitting an earlier all-time high Friday for the first time since 2021. Meanwhile, bitcoin was little changed at $112,488.80. Over the weekend, it dropped to $110,779.01, its lowest level since July 10. The flagshi

Topics: according bitcoin cryptocurrency long record

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Ether erases gains from Jackson Hole rally after hitting a fresh record over the weekend

cnbc.com Tanaya Macheel 2025-10-29 01:33:29

Ether is pulling back to start the week, after hitting a fresh record over the weekend. The price of the second largest cryptocurrency fell 6% to $4,548.32 on Monday, according to Coin Metrics. On Sunday, it rose to a fresh record of $4,954.81, after hitting an earlier all-time high Friday for the first time since 2021. Meanwhile, bitcoin was last lower by more than 1% at $111,501.74. Over the weekend, it dropped to $110,779.01, its lowest level since July 10. The flagship cryptocurrency hit i

Topics: according bitcoin cryptocurrency long record

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Ether rises to a fresh record, bitcoin erases gains from Jackson Hole rally

cnbc.com Tanaya Macheel 2025-10-28 22:28:39

Ether rose to a new record over the weekend, after hitting an all-time high Friday for the first time since 2021. The price of the second largest cryptocurrency rose as high as $4,954.81 on Sunday afternoon. It was last higher by less than 1% at $4,776.46. Meanwhile, bitcoin at one point erased all the gains from its Friday rally, falling as low as $110,779.01, its lowest level since July 10. It was last trading lower by nearly 2% at about $112,000. The flagship cryptocurrency hit its most rec

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South Korean Man Arrested in $50 Million Crypto Scam

gizmodo.com Ece Yildirim 2025-10-28 19:48:32

A South Korean man was arrested in Bangkok, Thailand on Saturday, accused of laundering over $50 million worth of cryptocurrency into physical gold bars in the span of just three months. The man, identified by Thai authorities only as “Han,” was allegedly a key figure in a call-center fraud network that lured victims in with promises of 30-50% returns on investment. Authorities say the victims were paid off initially in small amounts to build trust before they started facing withdrawal limits l

Topics: crypto han million scams thai

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Ether notches first new record since 2021 after Powell speech teasing rate cuts

cnbc.com Tanaya Macheel 2025-10-29 00:02:35

The second-largest cryptocurrency surged 15% late Friday, rising as high as $4,885.00 and surpassing its November 2021 record of $4,866.01. The price of ether smashed through its 2021 record on Friday after Federal Reserve Chair Jerome Powell hinted at upcoming rate cuts and investors returned to risk-on mode. The moves came during Powell's annual address from Jackson Hole, Wyoming. "With policy in restrictive territory, the baseline outlook and the shifting balance of risks may warrant adjust

Topics: blockchain crypto ether friday powell

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Crypto firms urge UK to form national stablecoin strategy to avoid falling behind U.S.

cnbc.com Ryan Browne 2025-11-03 23:26:54

The U.K. should establish a national stablecoin strategy to enable adoption of the tokens and avoid falling behind the U.S. on the disruptive new technology, several major crypto firms said Wednesday. In an open letter addressed to Finance Minister Rachel Reeves, 30 crypto industry figures said that the U.K. "must act now to avoid being a rule-taker rather than a rule-maker in the digital asset era." "To ensure the UK is at the forefront, we believe a proactive, coordinated national strategy i

Topics: avoid crypto letter said stablecoins

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Latest Tech News

Democrats are investigating Trump crypto advisor David Sacks over a possible SGE violation

Sen. Warren presses Trump AI and crypto czar Sacks on whether he's overstayed his job

Heroic Gas Station Clerk Realizes Elderly Women Are Being Scammed at the Bitcoin ATM, Unplugs It to Save Them

Tether Taps Trump’s Former Crypto Advisor to Lead US Operations

Winklevoss-founded Gemini prices IPO at $28 per share, valuing the crypto exchange at $3.3 billion

Winklevoss-founded Gemini reportedly prices IPO at $28 per share, valuing the crypto exchange at $3.3 billion

A cryptography expert on how Web3 started, and how it’s going

Nasdaq to invest $50 million in Winklevoss-founded crypto exchange Gemini

The Dying Dream of a Decentralized Web

Dan Ives to become chair of company that will buy Sam Altman-backed Worldcoin for its treasury

The New Math of Quantum Cryptography

A Sitting President Is Making Billions Off Crypto, Which Feels Like a Bit of an Outrage

What the Hell Is Going on With Crypto Billionaire Justin Sun and Donald Trump?

Stripe enlists a who’s who, including Anthropic, OpenAI, and Paradigm, to build a new blockchain

The Loophole Turning Stablecoins Into a Trillion-Dollar Fight

The Winklevoss Twins Are Eyeing $2.22 Billion Crypto IPO

Bitcoin bucks stock market downtrend but lags gold rally

“This telegram must be closely paraphrased before being communicated to anyone”

"This telegram must be closely paraphrased before being communicated" Why?

Eric Trump Claims His Company Is Mining ‘3% of the World’s Bitcoin Every Single Day’

The Trump family crypto empire looks to Asia: Eric Trump talks Bitcoin in Hong Kong

Kanye’s Crypto Journey Gets Significantly Weirder

Ether slides to start the week after hitting a fresh record near $5,000

Bitcoin Flash Crash Roils Crypto Market

Ether pulls back to start the week after hitting a fresh record near $5,000

Ether erases gains from Jackson Hole rally after hitting a fresh record over the weekend

Ether rises to a fresh record, bitcoin erases gains from Jackson Hole rally

South Korean Man Arrested in $50 Million Crypto Scam

Ether notches first new record since 2021 after Powell speech teasing rate cuts

Crypto firms urge UK to form national stablecoin strategy to avoid falling behind U.S.

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