The Fed decided to cut interest rates on Wednesday, citing a weak labor market as the reason. The latest jobs report showed that U.S. employers only added 22,000 jobs in August, down from the 79,000 in July, showing a dramatic slowing in hiring. It was the worst August report since the pandemic and it got […]
Tether Taps Trump’s Former Crypto Advisor to Lead US Operations
In an effort to solidify itself as the go-to company in the cryptocurrency space for stablecoins, Tether is tapping Bo Hines, the former Executive Director of Donald Trump’s White House Crypto Council to lead its operations in the United States, including efforts to launch a new stablecoin called USAT that will comply with new, Trump-backed […]
Massive Supply Chain Attack Targets Cryptocurrencies Through NPM
A phishing attack aimed at a particular software maintainer’s account has managed to compromise software packages that have over 2.6 billion weekly downloads. BleepingComputer, noting that the infection is being called the “largest supply chain attack in history.” The developer behind the software packages, identified as Josh Junon, was compromised via a phishing scheme targeting several […]
Leaked Gaza Plans Show Trump May ‘Relocate’ Palestinians to Build ‘AI-Powered Smart Cities’
For the past two years, the U.S. has been supplying tens of billions of dollars worth of military aid to Israel so that it can bomb the living crap out of the civilian population in Gaza. Now, as multiple human rights organizations accuse Israel of committing genocide in the region, America’s billionaire developer president seems […]
Trump Family’s Crypto Token Just Made Them $5 Billion Richer
The Trump family just became $5 billion richer (on paper) thanks to its latest crypto venture. The Trumps’ new digital currency WLFI began trading on Monday with about $1 billion worth of the tokens changing hands within an hour. Despite the token plunging in price on its first day of trading, the family gained as […]
Eric Trump Claims His Company Is Mining ‘3% of the World’s Bitcoin Every Single Day’
Eric Trump, the third child of President Donald Trump, showed up in Hong Kong this week to hawk his latest crypto venture and, according to him, it’s going to the moon. Trump spoke at Hong Kong’s Bitcoin Asia 2025 conference, the first stop in a planned series of crypto events across Asia featuring various Trump […]
Gavin Newsom’s Bizarro-Trump Schtick Gets Even Weirder With a Memecoin
Gavin Newsom, the Democratic governor of California, has spent recent weeks mimicking Donald Trump’s style online. Newsom’s team is filling his social media channels with all-caps screeds and vainglorious pronouncements that sound like the president, even rolling out merchandise like red hats that say “Newsom Was Right About Everything.” The strategy has been polarizing, to […]
The White House Is Going to Put Government Statistics on the Blockchain (Yeah, We Don’t Know Why Either)
Remember back in 2017 when Bitcoin’s price soared and companies started promising to add everything to the blockchain? It was an embarrassing era, since blockchain technology has very few practical purposes that can’t be solved by a regular, old-school database. But it sounds like the White House just got the memo and wants to usher […]
South Korean man arrested in Thailand in $50 million crypto scam
A South Korean man was arrested in Bangkok, Thailand on Saturday, accused of laundering over $50 million worth of cryptocurrency into physical gold bars in the span of just three months. The man, identified by Thai authorities only as “Han,” was allegedly a key figure in a call-center fraud network that lured victims in with […]
New Bitcoin Purchases by the U.S. Government Still on the Table, Bessent Says
Bitcoin recently hit an all-time high of $124,400 and is up 93% from over a year ago. But fans of the cryptocurrency think it can go even higher, and those folks experienced a rollercoaster of emotions on Thursday after Scott Bessent gave conflicting signals about what the U.S. government had planned for the world’s most […]