Donald Trump floats making Elon Musk a Cabinet member
After a public endorsement from the Tesla CEO and an X Spaces discussion, Donald Trump said he would consider placing Elon Musk in a Cabinet position in 2025.
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4 Reasons the Bitcoin Halving Won’t Trigger a Big ‘Miner Capitulation’
A popular narrative revolving around the Bitcoin (BTC) halving is that it may trigger the capitulation of miners. But, it is premature to suggest many miners will shut down in 2020 and bring the price of cryptocurrencies down as a result.Some industry executives believe that the price of Bitcoin may drop following the May 11…
US infrastructure law could brace up digital assets — but first some fixes
Back in August, there were some dire warnings about what the Biden Administration’s proposed infrastructure bill might do to the cryptocurrency and blockchain sector by driving crypto miners out of the United States, crippling America's leadership role, etc. In response, the crypto industry mobilized a full-court-lobbying press on lawmakers. However, it was too late to…
FTX’s bankruptcy lawyers and advisors pocket $32.5M in February
February’s round of legal expenses for bankrupt crypto exchange FTX has been published and it remains a scary figure for debtors.A series of court filings from April 4 to April 10 detailed the monthly fee statements for February of the law firms involved with FTX’s bankruptcy proceedings which come to a combined total of around…
Warren Buffett Buying Gold May Push Bitcoin to $50K, Investors Say
Warren Buffett’s Berkshire Hathaway sold bank stocks to buy a gold mining company, which will indirectly boost the price of Bitcoin, investors say. Berkshire Hathaway, the $503 billion conglomerate led by Warren Buffett, sold Goldman Sachs for a Canadian gold company Barrick Gold. Max Keiser, the founder of Heisenberg Capital and an early Bitcoin investor,…
China’s digital yuan nears $250B transaction volume: Central bank governor
While the adoption and use cases of China’s e-CNY are expanding, the digital yuan still only represents 0.16% of China’s monetary supply. 83 Total views 20 Total shares Nearly $250 billion worth of transactions have taken place using China’s digital yuan in the one-and-a-half years since the start of its pilot, the country’s central bank…
Starknet rolls out parallel execution in latest update
Starknet’s v0.13.2 upgrade brings faster transactions with parallel execution, redefining Layer 2 scaling on Ethereum.
SEC’s Chief Accountant: Firms With Digital Assets Still Need to Keep Their Books in Order
Wesley Bricker, chief accountant for the U.S. Securities and Exchange Commission (SEC), has said that the advent of digital assets and blockchain technology does not change the “fundamental responsibility” of firms when it comes to their financial reporting activities.Bricker’s remarks were made as part of a speech delivered before the AICPA National Conference on Banks…
Developers Propose Plan to Protect Ethereum Classic Network From Further Attacks
Major changes could be coming to the network. Ethereum Classic (ETC) accelerator Ethereum Classic Labs announced a plan to protect the blockchain from further attacks.On Aug. 19 the organization proposed taking immediate action in implementing long-term changes to the network architecture over the next three to six months. The accelerator decided to focus their efforts…