#digital-currency — Public Fediverse posts

Associated Press: Party’s over for crypto scammers who went on a spending spree after a $240 million bitcoin theft. “The scammers — a network of young men in their late teens or early 20s — celebrated the August 2024 heist by embarking on a wild spending spree. They purchased fleets of sports cars, flew on private jets, hired security guards and rented mansions in Miami and the Hamptons. […]

How Cryptocurrencies Challenge Monetary Sovereignty
#Economy #Business #Finance #Tech #Politics #DigitalCurrency #CBDC #Money #Cryptocurrency
#Regulation #Crypto #Stablecoins
#Bitcoin #MonetarySovereignty #EYTT #DigitalEuro #The14Media
https://the-14.com/how-cryptocurrencies-challenge-monetary-sovereignty/

The Sneaky Attempt to End Cash

https://www.youtube.com/watch?v=1CZspAptXwQ

The End of Cash | Plain Meaning

On August 7th, 2026, a mostly empty Senate chamber passed a bill that
most Americans have never heard of. There was no recorded vote. Just
silence. And in that silence, something significant happened.

The Common Cents Act would end production of the penny permanently.
But buried inside an amendment introduced at 10:53pm by a blockchain
entrepreneur turned senator was something nobody really talked about.
It was a provision that would give the Secretary of the Treasury the
power to eliminate every coin in American circulation. The nickel. The
dime. The quarter. All of it could be gone with nothing but 60 days
notice to Congress.

In this episode of Plain Meaning, I break down exactly what happened
that night, who was behind it, and what they stand to gain. I look at
a senator known as the "crypto queen" and another senator who made his
money selling cars, and how they stand to gain from all this. I also
look at the firms behind them and why eliminating physical cash would
make them extraordinarily powerful.

I also ask the question nobody in Washington is asking--what happens
when the lights go out and your only form of payment is digital? What
happens when your digital wallet gets hacked? And what does it mean
for every American when a handful of technology firms control the
infrastructure every single transaction in your life must go through?

Physical cash is the only form of payment that requires no middleman,
no electricity, no network, and no permission. This episode explains
why that matters--and what you can still do about it.

The bill has not yet become law. The House must still vote on the
Senate version. There is still time. But only if people know what is
happening.

CHAPTERS:
0:00 — Introduction: When the Lights Go Out
3:19 — The Echo Chamber: What Happened on August 7th
6:30 — The Pushers: Who Is Behind This Bill
9:27 — Sneaky Sneaky: How They Passed It Without a Vote
11:38 — The New Middlemen: What a World Without Cash Really Looks Like

SOURCES:
— Common Cents Act (S.1525) — congress.gov
— Senate Amendment SA 6766 — Congressional Record S4586-S4588
— Senator Lummis financial disclosures — senate.gov
— FEC campaign finance records — fec.gov
— Andreessen Horowitz political spending — opensecrets.org
— Canada penny elimination study — Bank of Canada
— GENIUS Act text — congress.gov
— Chainalysis government contracts — justice.gov

#EndOfCash #CommonCentsAct #Penny #CynthiaLummis #BernieMoreno
#Bitcoin #Crypto #DigitalCurrency #CashIsKing #Senate #Congress
#PlainMeaning #CryptoQueen #AndriessenHorowitz #Blockchain
#PhysicalCash #KeepCash #LummisAmendment #DigitalWallet #CBDCWarning
#FinancialFreedom #CashPrivacy #SenateVote #UnanimousConsent
#CryptoIndustry #SaveThePenny #FederalReserve #TreasuryDepartment
#ScottBessent #KeepCash

#PlainMeaning #Documentary #NationalID #CashlessSociety #CBDC #CentralBanks #Surveillance #Censorship

Public Citizen: ‘Thin Air,’ Real Money: Donald Trump’s Crypto Products Have Left Investors at Least $4.7 Billion Underwater. “According to Public Citizen’s analysis, Trump’s crypto schemes have left investors at least an estimated $4.7 billion underwater. These losses are largely unrealized and, in the case of his meme coin, reflect wealth transferred to a small group of early buyers […]

TechCrunch: Binance now lets AI agents trade, but keeping them in check is largely up to users. “Binance, the world’s largest crypto exchange with more than 300 million registered users, on Thursday launched a platform that lets AI agents analyze markets and execute trades on users’ behalf, bringing autonomous AI directly into the business of managing real money.” Today in “what could […]

The Guardian: Trump’s media company, which also owns Truth Social, reports $238m loss. “Donald Trump’s media company – which owns the Truth Social platform favored by the US president – posted a $238m loss in the second quarter.”

https://www.wacoca.com/news/2896472/ Digital euro set for launch as EU challenges Visa and Mastercard #DigitalCurrency #DigitalEuro #EU #Europe #EuropeanCentralBank #EuropeanUnion #ヨーロッパ #欧州 #欧州連合

“This is a surprising answer, given that 30,000 people have signed up to read and listen to his thoughts on the market dynamics underpinning the decentralised #DigitalCurrency.

Check is the face of a 2½-year-old newsletter, #CheckonChain, which is, according to the official list, Australia’s top #Substack #publication.

“I don’t tell people it’s going to go to a million dollars tomorrow. I also don’t tell people it’s going to zero. I stick away from the hyperbole. Very much talking scenarios, probabilities,” said Check.

What “top” means, a Substack representative would not say. One definition may be financial. Since it started in March 2024, it has grown to 3000 paying subscribers and an annual recurring revenue of $1.4 million.

This will soon make Check and his co-founder, Alec Dejanovic, who are building the product as lifelong friends, Australia’s first #SubstackMillionaires.”

Making money off a niche interesting area of digital finance on a platform in an AI hoover era will not make you a $B dollars. Q How will the company move to their own platform without AI sucking up their data and insights?

#Publishing / #data / #information / #platforms <https://www.afr.com/companies/media-and-marketing/the-media-outlet-making-millions-from-bitcoin-but-not-by-buying-it-20260709-p60e47> (paywall) / <https://archive.md/diVTL>

Engadget: Threads’ ubiquitous Mr Beast spam is part of a massive crypto scam network . “A spam account replies to a popular post with a nonsensical phrase and a low-quality screenshot of the British newspaper The Times featuring a fictitious story about Mr Beast. There’s usually a second, seemingly random, image — often a bouquet of flowers with an iPhone. The formula has some minor […]

Europe And China Diverge From The U.S. On The Future Of Money

A widening divide over the future of money: the U.S. backs regulated private competition, while Europe puts the…
#NewsBeep #News #Economy #AU #Australia #Business #CBDC #digitalcurrency #digitaleuro #digitalmoney #digitalyuan #Europe #OpenUSD #Qivalis #stablecoin #U.S.
https://www.newsbeep.com/au/779518/

Europe And China Diverge From The U.S. On The Future Of Money

A widening divide over the future of money: the U.S. backs regulated private competition, while Europe puts the…
#NewsBeep #News #Economy #Business #cbdc #digitalcurrency #digitaleuro #digitalmoney #digitalyuan #Europe #OpenUSD #Qivalis #stablecoin #U.S. #UK #UnitedKingdom
https://www.newsbeep.com/uk/672825/

Europe And China Diverge From The U.S. On The Future Of Money

A widening divide over the future of money: the U.S. backs regulated private competition, while Europe puts the…
#NewsBeep #News #US #USA #UnitedStates #UnitedStatesOfAmerica #Economy #Business #CBDC #digitalcurrency #digitaleuro #digitalmoney #digitalyuan #Europe #OpenUSD #Qivalis #stablecoin #U.S.
https://www.newsbeep.com/us/741653/

Reuters: Sam Bankman-Fried loses bid to overturn crypto fraud conviction. “Sam Bankman-Fried on Friday lost his bid to overturn his fraud conviction ‌and 25-year prison sentence over the collapse of the FTX cryptocurrency exchange he founded. In a unanimous decision, a three-judge panel of the Manhattan-based 2nd U.S. Circuit Court of Appeals said prosecutors’ evidence against Bankman-Fried […]

Why the EU economy should embrace digital currencies to become less dependent on the US
#EU #Europe #DigitalEuro #StableCoins #Cryptocurrency #DigitalCurrency #Economy #Finance #Banking #ECB #Euro #USDollar #Geopolitics #EconomicSovereignty #Trade #USA
https://the-14.com/why-the-eu-economy-should-embrace-digital-currencies-to-become-less-dependent-on-the-us/

The Register: Norks blast 250+ fake job offers to developers over 6 weeks to try and snarf creds and crypto. “A previously unseen phishing crew, suspected to have DPRK ties, sent more than 250 emails to people working in almost 100 organizations, mostly based in the US, over six weeks in April and May. According to security sleuths, it is yet another digital-heist attempt designed to steal […]

TechSpot: Fake downloads of popular PC utilities are quietly installing crypto miners on enthusiast PCs. “The Windows Defender security team is alerting users with dedicated GPUs about scammers manipulating search engine results to distribute remote monitoring and cryptomining payloads. The hackers are manipulating not only search engine results but also AI chatbot responses.”

Louisville Public Media: Massive new data center project announced in northeastern Kentucky. “TeraWulf says the Muskie Data Campus will eventually need more than one gigawatt of electricity, or enough to support more than 800,000 average homes for an entire year. The bitcoin mining company expects to need its first 500 megawatts by the second half of 2028 and the rest in 2030.”

Reuters: Coinbase, Kalshi bring regulated perpetual crypto futures to US investors. “Cryptocurrency exchange Coinbase (COIN.O), opens new tab and prediction markets platform Kalshi said on Friday they are introducing perpetual crypto futures, marking the first time such instruments will be ​available to U.S. investors through domestic, regulated exchanges.”

The Register: Dude… where’s my password? Claude reunites forgetful stoner with $400k Bitcoin stash. “Eleven years ago, a stoner bought some Bitcoin, lit up, and entered a password that he soon forgot. Now, after searching for more than a decade, Claude AI has helped him figure out the credentials he needed to gain access to a crypto wallet containing currency that is now worth a whopping […]

WCVB: Bitcoin Depot files for bankruptcy, will take all crypto ATMs offline. “Bitcoin Depot, one of the largest crypto ATM operators in Massachusetts, filed for bankruptcy on Monday and will take all of its machines offline.”

When customers of #Iran’s largest #crypto exchange needed to move billions of dollars, networks created by 2 of the industry’s biggest players served as conduits.

From the early stages of #Trump’s flagship #DigitalCurrency venture, the same 2 players lent credibility to the startup.

Acc/to data analysed by Reuters, Iran’s #Nobitex has processed at least $2.3 billion since 2023 on #Tron & #BNBChain, blockchains established respectively under crypto #billionaires #JustinSun & #ChangpengZhao.…

In today's installment of "Blame a Meme for Global Chaos," we learn that DOGE coin isn't just for Reddit bros anymore—it's apparently the root cause of violence across an entire continent. 😱✨ Who knew digital dog tokens were more destabilizing than actual political policies? 🙄
https://www.404media.co/doge-cuts-unleashed-a-deadly-wave-of-violence-across-africa-study-finds/ #BlameAMeme #GlobalChaos #DOGEcoin #DigitalCurrency #InternetCulture #HackerNews #ngated

Digitaler Euro: Datenschützer fordern echtes digitales Bargeld statt #Überwachung | heise online https://www.heise.de/news/Digitaler-Euro-Datenschuetzer-fordern-echtes-digitales-Bargeld-statt-Ueberwachung-11293892.html #Datenschutz #privacy #surveillance #ElectronicCash #Digitalisierung #digitalization #DigitalEuro #DigitalCurrency #DigitalCurrencies

The Record North Shore: 6 face federal charges for crypto-seeking Winnetka home invasion. “In a Tuesday press release, the attorney’s office wrote that the six men — one of whom is Isaiah Duke, also known as Chicago rapper Lil Zay Osama — face robbery and kidnapping conspiracy charges for the incident on March 8, when several armed individuals stormed into a Winnetka home in the 700 block […]