Bo Hines, a former House candidate in 2022 and 2024, will work alongside David Sacks to promote crypto in Donald Trump's administration.
While the intention to protect consumers is admirable, such proposals risk misdiagnosing the real problem.
Warren Buffett invests $563 million in three companies after selling Apple shares. Investments include Occidental Petroleum, Sirius XM Holdings, and VeriSign. Continue Reading: Warren Buffett Makes Major Investments After Selling Apple and Bank of America Shares The post Warren Buffett Makes Major Investments After Selling Apple and Bank of America Shares appeared first on COINTURK NEWS .
XRP’s recent price surge is drawing attention, but underlying on-chain metrics suggest caution as overvaluation and declining activity present risks. Despite impressive gains, analyses indicate serious concerns regarding sustainability, urging
According to RWA.XYZ, BlackRock's US dollar Institutional Digital Liquidity Fund has roughly $549 million in assets under management.
Recent whispers in the crypto world have suggested that the United Arab Emirates (UAE) now holds a staggering $40 billion in Bitcoin (BTC). The crypto community, including prominent crypto commentator Bitcoin Archive, has questioned the legitimacy of these reports. Meanwhile, some sources tout this claim as a sign of the UAE’s growing crypto influence. The $40 Billion Bitcoin Claim: Fact or Fiction? The claim that the UAE holds $40 billion in Bitcoin has raised eyebrows, especially as no credible sources have confirmed this. The Bitcoin Archive has expressed skepticism about the report, questioning the lack of supporting evidence. According to the Bitcoin Archive, a move of this magnitude would have made global headlines, given the UAE’s influence in the crypto space. He revealed that the original report by Bitcoinist lacked trustworthy sources. Upon further investigation, the Bitcoin Archive found no verification of such a purchase. He cast doubt on the authenticity of the $40 billion figure. UAE’s Crypto-Friendly Environment In recent years, the UAE has established itself as a global leader in the crypto space. Through strategic initiatives like the crypto center in Dubai, the country has created a thriving ecosystem for blockchain startups. These initiatives have made t he UAE a prime destination for crypto entrepreneurs and investors worldwide. The government’s forward-thinking approach to digital assets has helped attract billions of dollars in crypto investments, including a significant portion in Bitcoin. If accurate, the surge in Bitcoin holdings is aligned with the broader global bull market, which has seen many nations increase their crypto reserves. UAE’s Expanding Crypto Market While the $40 billion Bitcoin claim remains unproven, the UAE’s growing involvement in the crypto space is undeniable . Between 2023 and mid-2024, the country saw a massive influx of $34 billion into the crypto market. This marked a 42% increase from the previous year. This surge highlights the country’s growing role in the global crypto ecosystem. Bitcoin remains a major player in the UAE’s crypto landscape, holding 19% of the market share. However, stablecoins like Tether’s USDT dominate 51% of the market. Tether has plans to launch a dirham-backed token . This further shows the UAE’s commitment to digital assets and its vision of becoming a central hub for crypto innovation. By 2025, the number of crypto users in the UAE will reach 3.78 million. Additionally, a recent report revealed that 72% of UAE residents had already invested in Bitcoin by early 2024. Institutional investors and big funds play a significant role in this growth. These statistics show that the UAE is rapidly becoming a leader in crypto adoption. The post Expert Discard UAE’s $40 Billion Bitcoin Stash Claim appeared first on TheCoinrise.com .
XRP's explosive rally faces risks as on-chain metrics point to overvaluation and weakening momentum.
US President Donald Trump announced the appointment of Bo Hines as the Executive Director of the Presidential Council of Advisors for Digital Assets, which Trump referred to as the “Crypto Council”, in a statement he made on the Truth Social platform. Hines, a former college football player and 2022 Republican candidate for North Carolina’s 13th congressional district, steps into the role with the support he received from pro-crypto political action committees (PACs) during his campaign for Congress. While his political candidacy was unsuccessful, his new role signals Trump’s intent to advance crypto-related innovation and regulation. “In his new role, Bo will work with David Sacks to drive innovation and growth in the digital asset space while ensuring industry leaders have the resources they need to succeed,” Trump said. “Together, they will create an environment where this industry can thrive and continue to be a cornerstone of our Nation’s technological advancement.” Related News: Alleged Satoshi Nakamoto Candidate Responds to Claims that Quantum Computers Will Crack Bitcoin's Password! David Sacks, who Trump previously appointed to oversee crypto and artificial intelligence (AI) issues at the White House, will work with Hines in shaping the administration's vision for digital assets. Trump’s focus on digital assets comes amid a broad range of economic appointments. Earlier today, he appointed former Treasury Department official Stephen Miran as chairman of his Council of Economic Advisers. Miran, who has drawn attention for his stance on financial regulation, recently voiced his concerns on The Bitcoin Layer podcast, saying: “I think financial regulation is overly burdensome and prevents banks from lending as much as they want to into the economy. And I think sometimes that can really stifle innovation in areas like [the crypto economy].” *This is not investment advice. Continue Reading: BREAKING : Donald Trump’s Crypto Council Director is Announced – It Wasn’t Expected
Mohammed Azharuddin Chhipa, 35, from Springfield, Virginia, was convicted on December 13, 2024, for providing material support to the Islamic State of Iraq and al-Sham (ISIS), which has been designated a terrorist organization by the United Nations and others. The charges stemmed from his actions between October 2019 and October 2022, during which he raised funds to assist female ISIS members in Syria. Guilty of Financing ISIS Operations In an official press release, the United States Department of Justice (DOJ) revealed that Chhipa’s efforts included financing the escape of women from prison camps and supporting ISIS fighters. He also collected funds through various online social media accounts, receiving electronic transfers, and physically gathering money by traveling long distances. The authorities revealed that Chhipa then converted the money into cryptocurrency, which was sent to Turkey and smuggled into Syria for use by ISIS. Chhipa’s primary accomplice was a British-born ISIS member in Syria who played a key role in the fund-raising efforts, including for terrorist activities. Over the course of the scheme, Chhipa sent over $185,000 in cryptocurrency to support ISIS operations. The jury convicted him on one charge of conspiracy to provide material support to a foreign terrorist group and four counts of providing such support. Chhipa now faces a maximum sentence of 20 years in prison for each count. A sentencing hearing is set for May 5, 2025, where a federal district court judge will determine the sentence based on US Sentencing Guidelines and other legal considerations. Crypto’s Role in Terrorist Fundraising Many experts have flagged that ISIS has been using crypto for fundraising. TRM Labs’ report from last August revealed that pro-ISIS networks in countries such as Tajikistan, Indonesia, Pakistan, and Afghanistan have raised significant funds using crypto assets like Tether (USDT) on the Tron network. One such campaign, which operated for over a year, raised nearly $2 million in USDT for ISIS affiliates in Afghanistan. TRM Labs also traced over $517,000 in 2022 sent from an Indonesia-based platform to pro-ISIS accounts. However, it is also important to note that industry experts such as Chainalysis have previously clarified misconceptions regarding the use of cryptocurrency in terrorism financing. While entities like Hamas and Hezbollah use crypto for fundraising, these transactions represent a minor fraction of illicit crypto activities. Chainalysis stresses that terrorism financing remains a small part of overall illicit crypto transactions, with traditional methods such as financial institutions and shell companies being the primary sources of funding. The firm also pointed out that blockchain transparency makes it difficult for terrorists to hide transactions, as seen when Hamas ceased accepting Bitcoin donations. The post ISIS Crypto Fundraiser Mohammed Chhipa Faces 20 Years After Conviction in Virginia appeared first on CryptoPotato .
Imagine Pokémon Go but with NFT ownership, token rewards, and social media integration—welcome to Infomon, a revolutionary Web3 game that brings AR to the blockchain. Quick Recap from OpenSeason Openseason by Fractional Uprising Studios combines third-person shooter action with Web3 technology. Released in Open Beta on January 5, 2024, via the Epic Games Store, it