Now that Trump is in office, launching his own crypto ventures and asking for legislation establishing (light) digital asset regulations to appear on his desk by August, his supporters’ voices drown out those of the bitcoiners who warn how abandoning crypto’s principles could endanger their community. “Trying to [politicize bitcoin] …
Read More »Business / Blockchain and Cryptocurrency
Trumpworld Is Fighting Over ‘Official’ Crypto Wallet
As Donald Trump and his family stretch into nearly every corner of the cryptocurrency sector, a dispute has broken out over which corporate entities are permitted to wield the Trump brand to promote the crypto products they launch. On Tuesday, the X account for the US president’s TRUMP memecoin—which is …
Read More »Donald Trump’s Media Conglomerate Is Becoming a Bitcoin Reserve
Trump Media and Technology Group, a publicly traded company in which US president Donald Trump and his family own a majority stake, has raised $2.5 billion to accumulate a “bitcoin treasury.” On Monday, in response to a report by the Financial Times, TMTG initially denied contemplating any such maneuver. “The …
Read More »A Helicopter, Halibut, and ‘Y.M.C.A’: Inside Donald Trump’s Memecoin Dinner
As US president Donald Trump left the stage at his golf club near Washington, DC, on Thursday night, he pointed to the crowd, brought his index finger to his temple—as if to say: You know what’s coming—then began to dance. To the beat of “Y.M.C.A” by The Village People, Trump …
Read More »Kentucky’s Bitcoin Boom Has Gone Bust
Her skepticism is rooted in lived experience: In October 2000, a massive coal slurry spill from a mine site upstream poisoned the Coldwater Fork stream, which runs behind her house. People in Inez couldn’t drink water from the tap for months. “Those of us living downstream didn’t hear about it …
Read More »The Epic Rise and Fall of a Dark-Web Psychedelics Kingpin
In fact, agents were still there, in his cousin’s home, listening in on the call, which she had made at their instruction. Akasha told his cousin not to talk to the cops—not knowing she already had—and promised to pay for her lawyer. He advised her to delete every communication they …
Read More »The Trump Memecoin Dinner Winners Are Getting Rid of Their Coins
Next week, a coterie of crypto investors will share an extravagant dinner with US president Donald Trump at his golf club in Washington, DC. They won their seats at the dinner by purchasing large amounts of Trump’s personal crypto coin. But since their places were confirmed on Monday, almost half …
Read More »A VIP Seat at Donald Trump’s Crypto Dinner Cost at Least $2 Million
VIP investors with the usernames Top and ivo sold 200,000 (worth almost $2.7 million) and 427,568 (worth almost $5.7 million) ahead of the deadline, respectively. Trump first announced his crypto coin on January 17, three days before his 2025 inauguration. He pitched it as a memecoin, a type of coin …
Read More »My X Account Was Hijacked to Sell a Fake WIRED Memecoin. Then Came the Backlash
In theory, the more prominent the X account, the greater the potential return on the pump-and-dump, because many more people are likely to buy into the coin the scammer promotes. I tweet infrequently—mostly links to my articles—and have fewer than 2,800 followers, making me somewhat of an unlikely target. But …
Read More »Trump, Cryptocurrency, and the Real Winners and Losers
Is Trump selling access to the administration in exchange for cryptocoins? On today’s episode of Uncanny Valley, we talk about the ethical concerns associated with TRUMP coin.
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