Elizabeth Warren is pressing U.S. financial regulators to rule out any taxpayer-funded rescue of cryptocurrency billionaires as $2 trillion collapse fuels fears of federal intervention in digital asset markets.
Warren Demands No Bailout for Bitcoin Billionaires
Concerns about potential federal in
A crypto trading bot named Lobstar Wilde, developed by Nik Pash, mistakenly transferred $250,000 worth of memecoins to a user claiming to need funds for a sick relative. Initially funded with $50,000 SOL, it mistakenly sent 5% of its token holdings instead of the requested 4 SOL. The recipient sold the tokens for $40,000, despite their eventual value surpassing $420,000, prompting discussions on AI risks in the volatile crypto market. Nonetheless, the bot continues to operate and rewards users for real-life challenges.
Ray Dalio warns that central bank digital currencies (CBDCs) may compromise financial privacy, enable instant taxation, and impose capital controls, raising concerns about government oversight and civil liberties as numerous central banks pilot these systems.
Missouri lawmakers are advancing House Bill 2080 to create a Bitcoin strategic reserve in the state treasury. The bill aims to ensure tax-free storage of Bitcoin for five years using cold storage, funded by donations, enhancing security and confidence in cryptocurrency.
John Deaton, a crypto attorney and Senate candidate, strongly opposes any pardon for Sam Bankman-Fried, disputing his claims of future solvency for FTX and emphasizing the severity of legal consequences and creditor losses from the fraud.
A trader lost hundreds of thousands of dollars after clicking a fake Uniswap ad on Google. This incident highlights ongoing phishing scams in crypto, where attackers disguise malicious sites to steal assets. Experts urge stricter measures against such fraudulent ads.
ZachXBT warns of a social media account allegedly fabricating stories to increase engagement and lure users into scams. The account has gained a large following using shocking content. The public is encouraged to verify information and remain cautious of high-profile accounts to avoid scams.