Mick Mulvaney, who served as acting White House Chief of Staff under Donald Trump, called crypto an industry that “breaks the mold” of United States politics because it appealed to Democrats and Republicans. In an Oct. 23 interview on NewsNation — where he works as a contributor — Mulvaney said crypto “doesn’t fit neatly into […]
Security News
US ‘dropping the ball’ on crypto, but that should change soon: Tether CEO
The United States is behind the curve on crypto regulations but could begin to shape up laws after the elections, says Paolo Ardoino, CEO of the largest crypto stablecoin issuer, Tether. “There is no place like the US,” Ardoino said during an Oct. 22 virtual appearance at the DC Fintech Week conference. “The US has always been […]
Polymarket is scanning for US users as election odds skew toward Trump: Report
Crypto predictions platform Polymarket is reportedly checking to ensure whales placing big bets on the United States presidential election are based overseas, as US users are banned from the platform. “Polymarket is in the process of re-checking the details of users of its platform, particularly those making large wagers, to ensure compliance with its rules,” […]
‘Battle against inflation is almost won’ says IMF chief economist
Global inflation, which has suppressed risk assets like cryptocurrencies and tech stocks, is set to fall to 3.5% by the end of 2025, thanks largely to a resilient world economy, the International Monetary Fund said. “The battle against inflation is almost won. After peaking at 9.4% year on year in the third quarter of 2022, […]
Bitcoiners slam Saylor for throwing weight behind ‘too big to fail’ banks
MicroStrategy’s executive chairman, Michael Saylor, has been slammed over his latest comments recommending Bitcoin custodianship through “too big to fail” financial institutions rather than using self-custody — something he once championed. Saylor controversially suggested Bitcoiners have nothing to lose by transferring their Bitcoin BTC$67,384 to institutions in an Oct. 21 interview with financial markets reporter Madison Reidy. Saylor is […]
Mining PAC launches ad for Ted Cruz as early voting begins in Texas
A political action committee (PAC) backed by cryptocurrency mining executives has launched two ad spots for Republican candidates as early voting continues in the United States for the November election. In an Oct. 21 X post, the Bitcoin Voter PAC said it was responsible for an ad supporting Texas Senator Ted Cruz as residents of the state […]
Quantum computer ‘threat’ to crypto is exaggerated — for now
A report that Chinese researchers have employed a D-Wave quantum computer to breach encryption algorithms used to secure bank accounts, top-secret military data and crypto wallets is, at first glance, a matter of deep concern. “This is the first time that a real quantum computer has posed a real and substantial threat to multiple full-scale […]
Game developer sues Jump Crypto for alleged pump and dump, $1.4M freeze
Fracture Labs, creator of the Web3 game Decimated, has filed suit against market maker Jump Crypto for allegedly orchestrating a pump-and-dump scheme using its in-game currency, DIO. In a complaint filed on Oct. 15 in the United States District Court for the Northern District of Illinois, Eastern Division, Fracture Labs alleges that Jump Crypto conspired […]
Japan political party leader promises crypto tax cuts if elected
Japan’s Democratic Party for the People (DPP) leader Yuichiro Tamaki proposed a crypto tax plan that would lower tax crypto gains to 20% if he gets elected. “If you think crypto assets should be taxed separately at 20% instead of treated as miscellaneous income, please vote for the Democratic Party for the People,” Tamaki said in a […]
Prediction markets are not being manipulated — Kalshi founder
Former President Trump’s 20-point lead over Vice President Kamala Harris on Polymarket has sparked manipulation concerns. Tarek Mansour — the founder of the Kalshi prediction market — recently argued that these results were accurate and not the result of inorganic manipulation by presenting comparable data from Kalshi. Mansour began by dispelling the media claim that […]
