Start-up says it will use nuclear fusion to turn mercury into gold https://www.byteseu.com/1219366/ #Crypto #CryptoCurrency #Currency
#cryptocurrency
13 posts12 participants1 post today
Trump speaking to crypto executives while signing the GENIUS Act stablecoin bill: “I got you guys out of so much trouble... They’ve got plenty of cash, and it’s great that you’re on our side.”
(Note: I retained Trump’s comments about Biden to avoid taking his statement out of context, but his claim that Biden “dropped all charges” against crypto executives during his or Harris’s campaign is false.)
Expert sets timeline when quantum computers will ‘rip Bitcoin to shreds’
David Carvalho, CEO and Chief Scientist at Naoris Protocol, projects that it could take just three to five years for quantum computers to crack Bitcoin’s elliptic-curve cryptography
https://finbold.com/expert-sets-timeline-when-quantum-computers-will-rip-bitcoin-to-shreds/
Finbold · Expert sets timeline when quantum computers will ‘rip Bitcoin to shreds’A cybersecurity expert has warned that Bitcoin’s (BTC) underlying security could be compromised in the coming years by quantum computers.
#PIX is the future of #money!
"I can’t help noticing that Pix is actually achieving what #cryptocurrency boosters claimed, falsely, to be able to deliver through the blockchain—low transaction costs and financial inclusion. Compare the 93% of Brazilians using Pix to the 2% of Americans who used cryptocurrency to buy something or make a payment in 2024.
Oh, and using Pix doesn’t create an incentive to kidnap people and torture them until they give up their crypto keys."
https://paulkrugman.substack.com/p/has-brazil-invented-the-future-of
Paul Krugman · Has Brazil Invented the Future of Money?
A Bitcoin whale just sold $9.5 billion in crypto that was originally acquired for $54,000 in 2014 — recent 80,000 BTC transaction nets an 18 million percent return - We are in a frisky season for the so-called Bitcoin whales,... - https://www.tomshardware.com/tech-industry/cryptocurrency/a-bitcoin-whale-just-sold-usd9-5-billion-in-crypto-that-was-originally-acquired-for-usd54-000-in-2014-recent-80-000-btc-transaction-nets-an-18-million-percent-return #cryptocurrency #techindustry
Tom's Hardware · A Bitcoin whale just sold $9.5 billion in crypto that was originally acquired for $54,000 in 2014 — recent 80,000 BTC transaction nets an 18 million percent return
Continued thread
Next “I haz thoughts”
2
Stablecoin Bill 2025 in US
Sooo, since the federal government is backing private companies to supply cryptocurrency and these guarantees of investments are not requiring these companies to meet strict standards of auditing and saving safe amounts of cryptocurrency funds to insurance against losses, it greatly benefits owners. And a large number of members of Congress are investors. The industry corporations were major funding donors to US politicians with enough money donations to tip elections AND buy votes in US budget resolutions. The Trump family has profited a great deal from offering their family-branded cryptocurrency. Now the Trump folks and a large percentage of Congressmen and Senators have an open profit and greed motive to keep cryptocurrency a more dominate profit-policy in the US for the rich and ultra rich.
So how does this work for the majority of the public and small investors? Er, it doesn’t. And another risk to economic collapse of the US government and society. Oops, too bad, so sad. 2/3
#USgovernment #USEconomy #Stablecoin #Cryptocurrency #StablecoinBill2025
#BigUglyBill
Replied to Molly White
@molly0xfff
I’d love to see a reporter ask Trump to explain what a #blockchain is
OR
What gives #cryptocurrency its value
FT: "Donald Trump is preparing to open the $9tn US retirement market to cryptocurrency investments ..."
Trump is seeking to direct Americans' retirement funds to a sector in which he and his family are heavily invested.
https://www.ft.com/content/07906211-5ab8-4917-bcad-5397c0bc3170
www.ft.comClient Challenge
#Crypto Industry Reaches Milestone With Passage of First Major #Bill
After a week of squabbling in Washington, the #cryptocurrency industry secured one of its primary legislative objectives & made progress toward a second one.
#Trump #broligarchy
https://www.nytimes.com/2025/07/17/technology/crypto-industry-milestone-legislation.html?smid=nytcore-ios-share&referringSource=articleShare
The New York Times · Crypto Industry Reaches Milestone With Passage of Genius Act
The House has passed the GENIUS Act stablecoin bill, sending it to Trump's desk where he will sign it. They've also passed the CLARITY Act crypto market structure bill and the Anti-CBDC Surveillance State Act, both of which still need to go to the Senate.
Hacker steals $27 million in BigONE exchange crypto breach https://www.bleepingcomputer.com/news/security/hacker-steals-27-million-in-bigone-exchange-crypto-breach/ #CryptoCurrency #Security
Government Doesn't Want Storm Talking About Privacy, Kidnappings
https://www.therage.co/roman-storm-privacy-kidnappings/
The defense asked the Jury how they would feel if someone published their bank accounts on the Internet. The Government isn't happy.
The Rage · Government Doesn't Want Storm Talking About Privacy, KidnappingsThe defense asked the Jury how they would feel if someone published their bank accounts on the Internet. The Government isn't happy.
Replied in thread
@ambiguous_yelp:ahimsa.chat @gamingonlinux If steam took #Monero #XMR (ie an actually #private cryptocurrency unlike bitcoin/ethereum) there would be no payment processor authority that could enforce this, just #steam would set the rules, thats an advantage of #cryptocurrency
BigONE crypto exchange cleaned out for $27 million in Bitcoin, Ethereum, and more — Seychelles-based outfit says security attack occurred, will fully cover all losses - The attacker compromised the company's hot wallet, allowing... - https://www.tomshardware.com/tech-industry/cryptocurrency/bigone-crypto-exchange-cleaned-out-for-usd27-million-in-bitcoin-ethereum-and-more-seychelles-based-outfit-says-security-attack-occurred-will-fully-cover-all-losses #cryptocurrency #techindustry
Tom's Hardware · BigONE crypto exchange cleaned out for $27 million in Bitcoin, Ethereum, and more — Seychelles-based outfit says security attack occurred, will fully cover all losses
It's no coincidence that the Fairshake crypto super PAC has timed its press release announcing they have $140 million ready for the midterms as Congress is considering three crypto bills during "Crypto Week". Pass our bills, or we will spend millions against you in the midterms.
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Pro-Tip: When AI and cryptocurrency are endorsed by people like Musk and the Trump crime family then you can be assured that those things are the tools of criminals and despots.
#crime #musk @ai #trump #cryptocurrency #moneylaundering #dictatorship #republicans
Continued thread
All this, plus MoonPay executives seemingly getting scammed out of a Trump inaugural fund donation, Elon Musk’s “America Party’s” stance on bitcoin, and the end of another crypto island project in this week’s issue of Citation Needed.
As always, this publication is fully reader-supported. If you value Citation Needed, a pay-what-you-want subscription helps me keep reporting, researching, and writing.
Citation NeededCitation Needed
Continued thread
Crypto firms Circle, Ripple, and BitGo are looking to become banks, and their applications will go to the newly confirmed Comptroller of the Currency, former blockchain executive Jonathan Gould.
Continued thread
I wrote in November that “If Trump succeeds with his plans to defang the SEC, I expect [WLFI token sale] limitations to swiftly change — likely significantly financially benefiting Trump and his family”.
Guess what?