Category: crypto

A proposal to change Bitcoin’s smallest unit from “satoshi” to “bit” is gaining attention, with supporters including Jack Dorsey and Samson Mow. The proposal, known as BIP 177, aims to simplify understanding of the cryptocurrency but faces criticism over potential confusion and security risks. Critics are urged to engage with the content of the proposal.

Last week, digital asset investment products saw $785 million in inflows, reaching a YTD total of $7.5 billion, a new record. Bitcoin attracted $557 million, but inflow slowed due to investor caution from US Federal Reserve signals. Ethereum led altcoin surge with $205 million, linked to recent upgrades and leadership shifts.

Telegram founder Pavel Durov refused a Western European government’s request to censor conservative political content ahead of Romanian presidential elections. Durov accused France of interference and met with French intelligence to discuss the issue. French Prime Minister Macron congratulated the winner but did not deny manipulation attempts. Durov gained attention after his arrest in France…

Ethereum co-founder Vitalik Buterin proposed making Ethereum nodes more efficient and accessible. He emphasized the importance of users being able to run personal nodes despite increasing resource requirements. Buterin suggested solutions such as limiting historical data storage, implementing distributed storage, and revisiting gas pricing. He also introduced the concept of partially stateless nodes.

Ripple partners with Zand Bank and Mamo in the Middle East to improve cross-border transactions. Ripple’s blockchain infrastructure will be integrated into their payment systems, enhancing speed, cost-efficiency, and transparency. The partnerships reflect Ripple’s growing presence in the global payments ecosystem. UAE is becoming a leader in crypto payments with supportive regulations.

At current token prices, Trump’s memecoin could make him millions over the next three years. With insider wallets selling tokens daily, he could potentially fund a $400 million Boeing 747-8i from Qatar. Different scenarios show how long it would take for Trump to reach this goal, depending on token prices and insider selling.

Amid rising physical threats to crypto investors, firms offering personal security services are in high demand. Infinite Risks International in Amsterdam has seen an increase in inquiries from crypto investors. Concerns of kidnappings and extortion have led to increased security measures among wealthy crypto holders, with some spending millions on protection.

Slate Sundays features interviews, analysis, and op-eds exploring the future of crypto. Tezos co-founder Arthur Breitman reflects on the evolution of the industry since 2019, discussing Tezos’ adaptability, resilience, and focus on innovation. Despite challenges, Tezos remains committed to decentralization and real-world applications, such as tokenizing uranium. Tezos founder Arthur discusses the platform’s core culture…

Eric Council Jr. was sentenced to 14 months in prison for his role in hacking the SEC’s X account and posting fake news about the approval of a Bitcoin ETF. He will also face three years of supervised release. The hack caused a $50 billion loss in Bitcoin’s market capitalization and $220 million in liquidations.

Dubai-based Indian memecoin creator Sahil Arora considers memecoin rug pull schemes to be highly profitable, claiming to have earned millions of dollars from over 100 rug pulls. In rug pulls, creators sell worthless coins after artificially inflating prices, causing investors to lose money while they profit. Arora has faced accusations but continues to carry out…