Wyoming is reportedly developing its own U.S. dollar-backed stablecoin to be used for consumer payments. The state plans to launch the Wyoming Stable Token in the first quarter of 2025, CNBC reported Friday (Aug. 23). “It is clear to me that digital assets are going to have a future,” Wyoming Governor Mark Gordon told CNBC
Cryptocurrency companies have accounted for nearly half of all corporate donations during the 2024 presidential election – provoking critics to cry foul over the industry’s growing influence, according to a report. Crypto corporations dished out more than $119 million in political donations, mostly into a non-partisan super PAC focused on electing pro-crypto candidates, according to
After a jury convicted disgraced FTX founder Sam Bankman-Fried of seven criminal charges last November related to the collapse of his crypto exchange, questions lingered over alleged campaign finance violations totaling nearly $100 million stemming from stolen customer deposits. But a second trial never materialized, with prosecutors deciding to drop the case in December, leaving
The Trump boys have been teasing a mysterious crypto project and, now, they have finally unveiled it. Well, sort of. Actually, it’s still not totally clear what the heck it is, though we now know the name of it, at least. On Thursday, Donald Trump Jr. announced “The DeFiant Ones,” a new “crypto platform” that
Former President Donald Trump promoted his family’s upcoming cryptocurrency platform called “The DeFiant Ones” in a Truth Social post on Thursday. Trump shared the post with his 7.5 million followers Thursday morning, which son Donald Trump Jr. shared with his 12 million followers on X less than half an hour later. “For too long, the
A tech billionaire and prominent Democratic Party donor says he will part ways with a highly influential network of crypto industry super PACs, claiming—in a series of leaked emails—that they’re too “stupid,” “selfish,” and short-sighted to associate with. Ron Conway, a venture capitalist who has given liberally to the Democratic Party over the years (and
Cryptocurrency hackers claimed they broke into McDonald’s official Instagram account and used it to promote a fake digital currency — making off with $700,000 in stolen money. A screenshot circulating online shows the McDonald’s Instagram page showing its caption changed to: “Sorry mah n–ga you have just been rug pulled by India_X_Kr3w thank you for
The former CEO of a small Kansas bank was sentenced to more than 24 years in prison for looting the bank of $47 million — which he sent to cryptocurrency wallets controlled by scammers who had duped him in a “pig butchering” scheme that appealed to his greed, federal prosecutors said. The massive embezzlement by
MIAMI – Austin Michael Taylor, the founder of the cryptocurrency project CluCoin and owner of CLU LLC, an Aventura-based company, pleaded guilty to wire fraud in Miami federal court, authorities confirmed Wednesday. The charges stem from a scheme in which authorities said Taylor, 40, transferred $1,140,000 in CluCoin investor funds to his personal account. Court
China is closely monitoring the use of virtual assets in money laundering activities, according to the country’s highest court, in a move that legal experts say could increase the risk of prosecution for trading cryptocurrency on the mainland. Using virtual assets to transfer or convert criminal proceeds is among a range of money laundering methods