The newly created Department of Government Efficiency will work to cut “waste and fraud” from $6.5 trillion in US government spending. United States President-elect Donald Trump has appointed Elon Musk and Vivek Ramaswamy to lead a new government agency, the Department of Government Efficiency (DOGE), aimed at reducing federal spending and cutting regulations. The new...Continue Reading

Bitwise acquired the institutional Ether staking service provider Attenstant for an undisclosed amount.  Bitwise Asset Management, known for its spot Bitcoin exchange-traded funds (ETFs), is expanding into Ethereum staking through its acquisition of staking service provider Attestant, Bloomberg reported on Nov. 13. According to Bloomberg, Bitwise acquired Attestant to expand beyond its core businesses in...Continue Reading

The new Linea Association, a Swiss nonprofit dedicated to advancing Linea, will oversee development on its path to decentralization. Linea, a layer-2 (L2) zero-knowledge Ethereum Virtual Machine (zkEVM) rollup developed by Consensys, continues its path to decentralization by establishing the Linea Association. Linea Association, a Swiss nonprofit dedicated to advancing Linea’s growth and governance, officially...Continue Reading

Immunefi suspended Trust Security over accusations of manipulating issues, sparking debate on fairness in Web3 bug bounty platforms. Web3 bug bounty platform Immunefi has issued a 90-day suspension on white hat security firm Trust Security. The decision was made after the latter accused Immunefi of unjust denial of bug bounty payment for discovering a critical...Continue Reading

Television’s long-form format and widespread reach make it a superior medium for educating the masses about blockchain and Web3 technologies.  Opinion by Sander Gortjes, co-founder and CEO of Hello Labs. Many see television as a bygone cultural linchpin facing obsolescence as people shift their focus to the promise of smartphones and social media. In reality,...Continue Reading

Daren Li is looking at a maximum of 20 years in prison after pleading guilty to his role in laundering crypto in a $73 million scam. 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...Continue Reading

Donald Trump’s presidential election win was especially bullish for Ethereum, which has been held down by the SEC, Consensys CEO Joe Lubin said. 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,...Continue Reading

Last year, underbanked households more commonly used crypto than those with no banking access whatsoever, according to an FDIC survey. The use of crypto in 2023 was most common in “underbanked” households, those that use checks or nonbank loans to meet their banking needs, the Federal Deposit Insurance Corporation (FDIC) has revealed. The FDIC’s Nov....Continue Reading

Since Bitcoin broke past its March high of $73,679, Bitcoiners have pulled $20.4 billion in realized profits, but Glassnode believes “further gains” may be on the horizon. Bitcoin has surged over 40% since Oct. 13. Yet, traders remain confident in its upside potential, pointing out that profit-taking is only about half as intense as during...Continue Reading

Bitcoin needs to take stock of recent gains, say market participants, as bulls see repeated rejections at $90,000. Bitcoin (BTC) is fighting for the top of its range on Nov. 13 after a brief spike above $90,000 sealed a new all-time high. BTC/USD 1-day chart. Source: TradingView Data from Cointelegraph Markets Pro and TradingView confirms...Continue Reading