Ethereum is “poised to benefit” more from Donald Trump’s presidential election victory than any other protocol, Consensys CEO Joe Lubin said. “We’ve been living in a gas-lit world for a long time, generously gas-lit by the SEC,” Lubin told Cointelegraph at Devcon 2024 in Thailand. “We believe it seems pretty clear that it was driven […]
Security News
Crypto scam launderer pleads guilty to role in $73M scheme
A Chinese dual citizen pleaded guilty for his role in helping launder $73 million stolen through various crypto scams. Daren Li, 41, pleaded guilty to one count of conspiracy to commit money laundering for his role in the scheme, which prosecutors said raked in millions through crypto investment scams, including pig butchering, from around August 2021 to […]
Crypto use more common among US underbanked, FDIC report says
The use of crypto in the United States in 2023 was more common in “underbanked” households than in those that were fully banked, the Federal Deposit Insurance Corporation (FDIC) revealed. The FDIC’s Nov. 12 report surveyed about 60,000 households, finding that 6.2% of underbanked households used crypto, compared with 4.8% of those with full banking […]
Tether launches open-source wallet development kit for humans and AI
The world’s largest stablecoin issuer, Tether, has launched an open-source wallet development kit (WDK) to enable businesses and developers to integrate non-custodial wallets into any website or app — and it’s even designed to work with AI agents. On Nov. 11, Tether announced the launch of its WDK Wallet Development Kit, which it described as a modular […]
Trump’s 2nd term to start with trifecta as Republicans tipped to win House
The Republicans are projected to keep the United States House, giving the party total control of the government after taking a majority in the Senate along with Donald Trump’s election win. Decision Desk HQ called the race for the House at 12:13 am UTC on Nov. 12, projecting the GOP would win the 218 seats needed for a […]
Trump isn’t the only ‘story’ driving Bitcoin’s price higher, says exec
Donald Trump’s election victory in the United States is unlikely “the main story” behind Bitcoin’s recent pump — with an analyst pointing instead to a post-halving supply shock. “If you’re wondering what’s happening with #Bitcoin… Yes, the incoming Bitcoin-friendly administration has provided a recent catalyst… But, that’s not the main story here,” said Onramp Bitcoin co-founder Jesse […]
Elon Musk reposts call to end the Federal Reserve Bank
Elon Musk appeared to support a call to end the Federal Reserve Bank in the United States after reposting a tweet from Utah Senator Mike Lee — who called for greater executive oversight over monetary policy and abolishing the central bank. Lee argued that Federal Reserve chairman Jerome Powell’s recent assertion that he would not […]
Norway supports MiCA, considers CBDC for financial stability
Norges Bank, Norway’s central bank, has endorsed the European Union’s Markets in Crypto-Assets Regulation (MiCA) as the country evaluates the potential adoption of a central bank digital currency (CBDC). Kjetil Watne, project director for Norges Bank’s CBDC project, said in an interview with Cointelegraph that Norway, as a member of the European Economic Area (EEA), […]
WalletConnect Foundation and Reown establish UX standards framework
The WalletConnect Foundation and Reown have Launched WalletGuide — a comprehensive guide to crypto wallets and WalletConnect Certified — a set of user experience (UX) standards to encourage better design, quality, and user interfaces across the blockchain wallet ecosystem. Currently, 19 wallets have been awarded the WalletConnect certification, including Binance Web3 Wallet, SafePal Wallet, TokenPocket, […]
Norway supports MiCA, considers CBDC for financial stability
Norges Bank, Norway’s central bank, has endorsed the European Union’s Markets in Crypto-Assets Regulation (MiCA) as the country evaluates the potential adoption of a central bank digital currency (CBDC). Kjetil Watne, project director for Norges Bank’s CBDC project, said in an interview with Cointelegraph that Norway, as a member of the European Economic Area (EEA), […]