Musk will head the newly-created White House advisory office named D.O.G.E. It’s a play on the Texas techno king’s love for Dogecoin and an acronym that stands for Department of Government Efficiency . DOGE Aims to Whip Inflation Now We either fix this or go de facto bankrupt https://t.co/hmjpx6uBfd — Elon Musk (@elonmusk) December 26, 2024 The magnetic tech engineer has advised the once and future president Trump broadly on a number of matters relating to technology, business, and public policy. His ideas for more government efficiency could help cut back overspending in Washington, DC, slow the growth in the federal budget deficit, and help curb rising prices across the economy due to inflation. High deficits cause inflation as government spending gooses the velocity of money in the economy and drives up prices. Meanwhile, new dollars created by the Federal Reserve and loaned to banks to buy the government’s debt inflate the dollar and increase prices as well. One recent study by the Princeton University Department of Economics estimates US budget deficits in 2021 caused about 30% of the US dollar inflation in 2021-22. Rising prices as a result of big spending in Washington start in financial markets, then ripple through the economy until they push up prices at the gas pump and grocery checkout. New Headwind for Bitcoin’s Price, Musk Warns If dollar inflation is solved, the price in dollars to buy cryptocurrency will actually drop, other things being equal. What matters is the ratio of dollars to crypto. — Elon Musk (@elonmusk) January 7, 2025 The effect is especially dramatic in crypto markets and shows up conspicuously in Bitcoin’s price and that of other major token pools, such as ETH, XRP, SOL, and DOGE. In fact, many cryptocurrency investors say they favor crypto assets like Bitcoin, Ripple, and Dogecoin as a shelter for their savings from dollar inflation. While not all experts agree that Bitcoin is a hedge for dollar inflation, over any four-year period, money held as BTC has markedly increased in buying power while the inflating greenback loses its purchasing power parity. But Musk warned in an X reply thread on Tuesday that if the D.O.G.E. office’s plans are successful, it will represent a headwind for Bitcoin’s price, not support for growth. That’s because lower deficits and less inflation will slow the increase in prices across the board, including in traditional financial markets like stocks and Internet financial instruments like Bitcoin. Bitcoin’s price corrected to a low of $94,600 on Wednesday after losing the $100,000 mark on Tuesday. The post Elon Musk Warns His Plans For Dollar Could Slow Bitcoin’s Price Growth: Here’s Why appeared first on CryptoPotato .
The U.S. government recently achieved a significant legal victory concerning the liquidation of a substantial Bitcoin seizure linked to the Silk Road marketplace. This ruling authorizes the Department of Justice
Raredex is now live on the Arbitrium blockchain. This marks a significant shift in accessibility to an asset class, which had been long reserved for institutional investors until now. Raredex , a blockchain-based exchange has launched its tokenized exchange, allowing rare earth and technology metals to be traded on the Arbitrum network, on Jan 8. Rare earth metals, needed for businesses ranging from developing technology to renewable energy, have traditionally been difficult for retail investors to access, hindered by the high entry costs — often above $10,000. Raredex solves this by enabling fractional ownership using blockchain-based tokenization, where each token represents one kilogram of physical metal. Louis O’Connor, chief executive officer of Raredex, highlighted the democratization potential, saying “Early adopters” will now be able to access an asset class that was “typically reserved for governments” or the “well-connected, wealthy” individuals, meaning that investors on a smaller scale can now enter the market, with far less capital required. You might also like: RWA platform Allo secures $100m Bitcoin-backed credit facility How does Raredex work? Raredex keeps its physical metals in a bank-grade vault operated by Tradium in Germany to access custody and availability. Investors can verify the provenance of their tokens because each one is tagged with extensive source-of-origin data. By employing blockchain technology, an unchangeable record of ownership is made, thus reducing the chances of fraud and increasing transparency. The launch of the platform comes at a time of increased interest in RWA tokenization. This update comes on the back of a larger trend to tokenize real-world assets . In 2023, RWAs class had grown by 700% , bringing $860 million in revenue. According to Boston Consulting Group and ADDX , RWAs are expected to be a $16 trillion market by 2030. The decentralized, tamper-proof nature of blockchain will increase transparency and trust, while fragmentation opens up new ways to access and invest in valuable assets. You might also like: Digital asset investment products reach record $44.2b in 2024, CoinShares says The chart estimates tokenization of global illiquid assets to reach $16.1 trillion by 2030, representing 10% of global GDP. This shows that Raredex working in the RWA category is poised for growth. Sourced from ADDX by crypto.news . Other similar initiatives are UBS Asset Management’s Ethereum-hosted tokenized investment fund and Archax’s $4.8 billion money market fund on the XRP Ledger . As there is rising demand for rare earth metals due to innovations in technology and clean energy, Raredex’s platform could be a model for a wider wave of commodity trading on the blockchain, thereby transforming the interaction of investors with physical assets. Read more: Fidelity Digital Assets: Tokenization, Nation-state Bitcoin and more in 2025
Raredex is now live on the Arbitrium blockchain. This marks a significant shift in accessibility to an asset class, which had been long reserved for institutional investors until now.
The US Department of Justice has officially sanctioned the liquidation of approximately $6.5 billion worth of Bitcoin seized from the notorious Silk Road operation, as reported by COINOTAG News on
HodlX Guest Post Submit Your Post In the constantly evolving world of finance, crypto lending has emerged as a revolutionary alternative to traditional banking systems. Offering a blend of innovation and efficiency, it bridges the gap between DeFi (decentralized finance) and TradFi (traditional financial) systems. While the promise is vast, navigating its complexities is crucial for understanding its role in the broader financial ecosystem. The rise of crypto lending At its core, crypto lending allows borrowers to secure loans by providing cryptocurrency as collateral. This process is governed by smart contracts – self-executing programs on the blockchain that eliminate the need for intermediaries. Whether you’re an individual seeking a loan or an investor looking for returns, crypto lending offers a unique financial avenue. What sets decentralized platforms apart is their openness – anyone with crypto assets can participate, making financial services more accessible than ever. This trend is not just a fleeting moment in the evolution of blockchain. It represents a fundamental shift in how we perceive financial inclusivity and efficiency. So how does it work The mechanics of crypto lending are straightforward yet powerful. Borrowers provide collateral – often in the form of major cryptocurrencies like Bitcoin (BTC) or Ethereum (ETH) – to secure loans in stablecoins or other cryptocurrencies. Lenders, on the other hand, earn interest on the assets they provide to the lending pool. Decentralized platforms rely on smart contracts to automate and secure transactions. These contracts ensure transparency, reduce operational costs and minimize risks associated with human error. In contrast, centralized crypto lending platforms operate similarly to traditional financial institutions, requiring a third party to manage transactions, which can introduce trust and custodial risks. Benefits versus challenges Crypto lending isn’t just about novelty – it’s solving real-world problems. Accessibility stands out as one of its most transformative aspects. In regions where traditional banking is limited or inaccessible, crypto lending provides an alternative. With just a digital wallet and internet access, individuals can bypass conventional barriers and secure loans. Transparency is another crucial advantage. Smart contracts bring an unprecedented level of clarity to the process. The terms are coded, immutable and accessible for review, which significantly reduces the likelihood of manipulation. For lenders, the allure often lies in the higher yields offered by crypto platforms compared to traditional savings accounts. These yields stem from the efficient allocation of resources and the global nature of the crypto market. However, crypto lending is not without its pitfalls. Market volatility is perhaps the most pressing issue. The inherently unstable nature of cryptocurrencies can erode the value of collateral, potentially triggering liquidation events for borrowers. Smart contracts, while innovative, are not immune to vulnerabilities. Bugs or exploitation of these contracts could lead to significant financial losses. Moreover, regulatory uncertainty adds another layer of complexity. The lack of consistent policies across jurisdictions leaves both lenders and borrowers exposed to sudden, potentially disruptive policy changes. The path to mainstream adoption For crypto lending to transition from niche to mainstream, several critical steps are needed. Regulatory clarity is at the forefront. A consistent regulatory framework can legitimize the sector, fostering trust and encouraging participation from institutional players. Improved user interfaces and educational initiatives are equally important. The complexity of DeFi platforms can be a barrier for many. Simplified platforms, coupled with robust educational efforts, can help demystify the process for everyday users. Finally, addressing risks through the development of insurance mechanisms and security upgrades will provide users with added confidence. These measures will mitigate potential losses, making the platforms more appealing to a broader audience. Final thoughts Crypto lending stands at the crossroads of innovation and practicality. It offers a glimpse into the future of finance, where access, transparency and efficiency are paramount. However, realizing its full potential requires overcoming significant challenges – regulatory clarity, improved security and user-friendly platforms – are just the beginning. As the financial world continues to evolve, crypto lending could be the key to a more inclusive and dynamic economic landscape. The journey may be complex, but the rewards are worth the effort. Akshin Dzhangirov is a serial entrepreneur, business leader and philanthropist. With many years of expertise and a deep understanding of investment, innovation and fintech trends, Akshin has been involved in the creation of more than 100 successful projects operating in 50 countries around the world. Check Latest Headlines on HodlX Follow Us on Twitter Facebook Telegram Check out the Latest Industry Announcements Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Featured Image: Shutterstock/Pretty Vectors The post The Evolution of Crypto Lending – Risks, Rewards and the Path to Mainstream Adoption appeared first on The Daily Hodl .
On January 9th, a significant development emerged concerning the US Department of Justice’s authorization to liquidate $6.5 billion in Bitcoin previously seized from the Silk Road operation. This news prompted
The post Ethereum Whales Hoping for 5x Ethereum Breakout While Lightchain AI Surges with New Innovations appeared first on Coinpedia Fintech News As Ethereum (ETH) continues to expand its dominance in decentralized finance and NFTs, whales are positioning themselves for a potential 5x breakout in the coming bull market. Meanwhile, Lightchain AI , an emerging blockchain project, is making waves with innovative offerings such as its Memecoin Launchpad, community-driven governance, and robust tokenomics structure. This dynamic competition between established and rising players is reshaping the crypto investment landscape. Ethereum’s 5x Potential Riding the DeFi and NFT Waves Ethereum stays the base of a decentralized money world and unique token places, pushing big deal amounts over its network. New updates such as the Ethereum 2.0 change and layer two fixes have cut costs for trades and made things better, keeping Ethereum important in a ͏more tough market. Institutional fun in Ethereum is going up, with firms using its chain for token made real-world things and supply path clear. These gains spark guess of a 5 times price rise, mainly as Ethereum keeps pulling in money from both shop and institutional buyers. Lightchain AI More Than Just a Rising Star While Ethereum dominates the DeFi and NFT sectors, Lightchain AI is carving a niche by addressing underserved areas in blockchain technology. One standout feature is the Memecoin Launchpad, a platform that supports creators in developing and launching community-driven tokens with AI-powered tools for scalability and security. This unique initiative has attracted meme token enthusiasts and investors looking for the next big trend in digital assets. Another key strength lies in its tokenomics, which balances early-stage rewards with long-term sustainability. With 40% of the total supply allocated for presale and community engagement, and 28.5% reserved for staking incentives, Lightchain AI ensures that token holders are rewarded for supporting the network’s growth. Additionally, the project’s treasury fund, designed for future development and ecosystem expansion, reflects a strategic focus on longevity. Beyond its technical offerings, Lightchain AI emphasizes collaboration and inclusivity through its governance model, allowing token holders to vote on project developments and community-driven initiatives. This approach ensures that the ecosystem evolves in line with user and investor needs. What Sets Lightchain AI Apart from Ethereum? While Ethereum offers stability and a proven track record, Lightchain AI stands out for its ability to tap into emerging trends and underserved niches. The introduction of the Memecoin Launchpad signals a willingness to innovate in areas that are often overlooked by larger networks. Furthermore, Lightchain AI’s focus on community involvement through decentralized governance creates a more inclusive ecosystem for developers and users. By leveraging its robust tokenomics and innovative platform features, Lightchain AI is positioning itself as a long-term contender in the blockchain space. Its appeal to crypto whales lies in its ability to combine sustainability with high-growth potential, offering an alternative to traditional investment opportunities like Ethereum. https://lightchain.ai https://lightchain.ai/lightchain-whitepaper.pdf Tweets by LightchainAI https://t.me/LightchainProtocol
xAI’s website shows an updated FAQ that provides insight into Grok’s so-called Unhinged Mode. The update states that Unhinged Mode is meant to create responses “intended to be objectionable, inappropriate, and offensive.” The FAQ section compares this feature to an amateur stand-up comedian “still learning the craft.” However, the feature doesn’t appear to be live yet. In April last year, Elon Musk, the billionaire behind X, also tweeted a teaser for the feature of the AI chatbot developed by his company xAI. Coming soon, Grok will offer “Unhinged Mode” news 🤣🤣 https://t.co/Utwd5xbQU6 — Elon Musk (@elonmusk) April 5, 2024 Musk’s route toward “Unhinged Mode” could be to fulfill Grok’s “anti-woke” vision. Two years ago, when Musk introduced Grok, he said it was bold, raw, and unafraid to call out politically correct AI systems. Unlike most chatbots, Grok was offered as edgy and willing to broach controversial subjects. True to that pitch, the chatbot offers vulgar and colorful responses when prompted, in distinction to more restrained systems like ChatGPT. Despite advocating for being unfiltered, the chatbot shows bias in certain political subjects and will avoid crossing lines altogether. Even a study showed that Grok usually sides with the left regarding issues like transgender rights, diversity initiatives, and social inequality. Elon Musk pointed fingers towards its training data, which relies on publicly available content from the web. But he’s also promised to pivot the chatbot from a more politically neutral stance. Musk wrote in a December 2023 post that the Internet, from which Grok gets its training data, is “overrun with woke nonsense.” He promised Grok would improve as this is just the beta version. From Zero to Web3 Pro: Your 90-Day Career Launch Plan
The rapid advancements in quantum computing which sparked growing concerns within the cryptocurrency sector late last year, particularly regarding Bitcoin’s long-term resilience seem to have once again resurfaced. CryptoQuant, an on-chain data analytics platform, recently highlighted these risks in a series of posts on X titled “Quantum Computing is a Growing Risk for Bitcoin”. The discussion focused on two critical aspects: Bitcoin mining security and private key vulnerabilities, both of which could face significant challenges as quantum technologies progress. Quantum Threats to Bitcoin Mining and Network Security Bitcoin’s proof-of-work (PoW) system relies on computational power to validate transactions and secure the network. The SHA-256 hash function, integral to Bitcoin mining, currently ensures strong security by, preventing malicious actors from tampering with the blockchain. However, CryptoQuant warns that quantum algorithms, specifically leveraging advanced algorithms such as Grover’s, could substantially “accelerate hash-solving processes.” If quantum computers become capable of outperforming classical mining hardware, it could tilt the balance of power in mining, enabling quantum-equipped miners to dominate block validation. This dominance would not only disrupt network consensus but also potentially compromise Bitcoin’s decentralized structure. CryptoQuant emphasizes the importance of maintaining a significant share of non-quantum computing hash power in the network. A healthy and diverse mining ecosystem would mitigate the risks posed by any entity gaining disproportionate control via quantum technology. While quantum supremacy in mining remains speculative at this stage, the ongoing developments in the field warrant close monitoring by stakeholders , including miners and developers. Private Key Security: Vulnerabilities And Adaptations Beyond mining, quantum computing also presents risks to BTC’s private key security. The Bitcoin network uses cryptographic systems to secure wallets and transactions, with public and private keys forming the basis of ownership. According to CryptoQuant, Shor’s Algorithm could theoretically allow quantum computers to deduce private keys from public keys, thereby compromising wallet security. Particularly vulnerable are Pay-to-Public-Key (P2PK) addresses, where the public key directly serves as the wallet address. In contrast, Pay-to-Public-Key-Hash (P2PKH) addresses provide an additional layer of security by hashing public keys. Private Key Security & Quantum Risks Another major concern is Shor’s Algorithm, which could, in theory, allow quantum computers to find private keys from public keys. ‘Pay to public key’ (P2PK) addresses are most vulnerable to quantum attacks, as the public key serves directly… pic.twitter.com/q2NBvbwGLe — CryptoQuant.com (@cryptoquant_com) January 7, 2025 However, when BTC from these addresses is transferred, the public key is exposed, increasing susceptibility to quantum attacks. CryptoQuant also observed a notable increase in P2PKH address usage, rising by 14% in recent months. While the exact cause of this shift remains unclear, it suggests heightened awareness and caution among Bitcoin holders regarding quantum vulnerabilities. Featured image created with DALL-E, Chart from TradingView