(AUSTIN) — Almost 9 out of 10 Individuals have heard a minimum of a little bit about cryptocurrencies, and 16 % have invested in, traded or used a cryptocurrency, in accordance with a 2021 Pew Analysis Heart survey.
Though extra Individuals are acquainted with cryptocurrency — solely about 48 % of respondents in 2015 reported listening to about bitcoin — skepticism is rising. Critics have referred to as cryptocurrency a rip-off, a pyramid scheme and way more.
Within the just lately launched August difficulty of Fiscal Notes, the Comptroller’s workplace gives an outline of cryptocurrency and explains its rise since 2009 in addition to its continued curiosity amongst some traders.
“Cryptocurrency steadily seems within the information, however what it’s and the way it’s used stays a thriller to many Texans,” Texas Comptroller Glenn Hegar mentioned. “Possibly that’s as a result of crypto, because it’s typically referred to as, has its personal lingo or as a result of it could possibly seem to be one thing out of a science fiction film, with its advanced software program applications and digitized cash.”
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This difficulty of Fiscal Notes additionally examines cryptocurrency mining and the huge amenities and networks of servers wanted to provide it. Texas mining operations embody one in Rockdale, and extra are possible due to Texas’ business-friendly surroundings and vitality potential.
Fiscal Notes furthers the Comptroller’s constitutional duty to observe the state’s financial system and estimate state authorities revenues. It has been printed since 1975, that includes in-depth evaluation regarding state funds and authentic analysis by subject-matter consultants within the Comptroller’s workplace.
Fiscal Notes is out there on-line and might be acquired by subscribing through the Comptroller’s web site.
Interchain Labs, Asymmetric Research, and SEAL Alliance Publish Report on Contained DPRK-Linked Social Engineering Attempt; Report Confirms No Impact on Cosmos Stack Security – Branded Spotlight Bitcoin News
Interchain Labs, Asymmetric Research, and SEAL Alliance Publish Report on Contained DPRK-Linked Social Engineering Attempt; Report Confirms No Impact on Cosmos Stack Security – Branded Spotlight Bitcoin News
Fake wallet apps ask for your 12-word phrase and quietly drain your crypto funds
CRIL found over 20 Play Store apps built solely to steal users’ crypto credentials
Malicious apps used WebView to fake real login pages from PancakeSwap and others
New research by Cyble Research and Intelligence Labs (CRIL) has uncovered a large-scale phishing campaign involving more than 20 Android applications listed on the Google Play Store.
These apps, which appeared to be legitimate cryptocurrency wallet tools, were created with a singular purpose: stealing users’ mnemonic phrases, the crucial 12-word keys that provide full access to crypto wallets.
Former US President Donald Trump has disclosed nearly $60 million in income from his involvement in a cryptocurrency venture, shedding light on how he and his family continue to benefit from the digital asset industry. The Financial Times reported on Friday that Trump’s annual financial disclosure reveals $57.4 million earned through World Liberty Financial (WLF), a cryptocurrency enterprise backed by Trump alongside his sons Donald Jr. and Eric.
The detailed filing, exceeding 200 pages and published by the US Office of Government Ethics, shows Trump holds 15.75 billion governance tokens in WLF, granting him substantial voting rights in the operation. The cryptocurrency venture stands as one of Trump’s largest income sources, alongside revenues from books and real estate investments.
Trump’s financial ties to the crypto sector have drawn increasing scrutiny amid ongoing concerns about potential conflicts of interest. The White House did not immediately respond to requests for comment on the disclosures.
World Liberty Financial revealed in January that it had successfully sold 21 billion tokens during a public sale, reaching its target of raising $1 billion. Notably, a 2024 filing with the US Securities and Exchange Commission identified Trump’s special envoy, Steve Witkoff, as a “promoter” of the WLF project.
Trump’s vocal support for cryptocurrencies has helped drive market enthusiasm, pushing bitcoin prices above $100,000 per coin. Under SEC Chair Paul Atkins, several high-profile crypto-related legal cases have been dropped, further easing regulatory pressure on the industry.
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Additionally, Trump has actively promoted his own $TRUMP memecoin via social media and hosted a gala last month honoring its major holders. The Trump family media company recently announced plans to launch an exchange-traded fund (ETF) directly holding bitcoin and revealed intentions to raise $2.5 billion to establish a “bitcoin treasury.”
At a bitcoin conference in Las Vegas last May, Eric Trump and Donald Trump Jr. praised cryptocurrencies as “cheaper,” “faster,” “safer,” and “more transparent” than traditional fiat currencies, signaling the family’s continued commitment to expanding their digital asset footprint.
