Tag: Cryptocurrency

Trump Picks Sriram Krishnan as Senior AI Policy Advisor

Summary: Donald Trump who’s hell bent on making sure crypto blooms on U.S.A has tapped Indian American tech genius Sriram Krishnan as the Senior White House Policy Advisor on AI. With a stacked resume featuring stints at Microsoft, Twitter, and Facebook, Krishnan joins David O. Sacks to steer America’s AI and crypto future.

Silicon Valley Star Enters The White House

Sriram Krishnan, a legit Silicon Valley powerhouse, is now part of Trump’s brain trust to keep the U.S. winning in the global tech race. Known for his killer product strategies at Twitter, Snapchat, and Facebook, this guy has written the playbook for some of the world’s biggest apps. Krishnan’s first big break came at Microsoft, where he helped build Windows Azure from scratch. And now, he’s heading to D.C. to shape America’s AI destiny.

YOU MIGHT ALSO LIKE: Two Cali Dudes Charged for $22M Crypto Scam


Tag Teaming with David O. Sacks

Krishnan isn’t doing this alone. He’s teaming up with David O. Sacks, who’s already making waves as Trump’s AI & Crypto Czar. Together, they’re set to create policies that’ll put the U.S. at the top of the AI leaderboard. In his statement, Krishnan hyped up the role, saying, “Pumped to work on AI policies that’ll keep America ahead in tech innovation. Let’s do this!”

Indian American Community Backs Him

The Indian American community is buzzing with pride. Sanjeev Joshipura from Indiaspora gave Krishnan a shoutout, calling him a “tech and policy MVP.” As Krishnan steps into this role, all eyes are on how he’ll use his tech smarts to shape the future of AI in America. Buckle up, folks it’s about to get real.

YOU MIGHT ALSO LIKE: Hyperliquid DEX Becomes the Latest Target for North Korean Hackers

Two Cali Dudes Charged for $22M Crypto Scam

Summary: Gabriel Hay and Gavin Mayo are two 23 year olds who wanted to test the water and now are in such a deep trouble after allegedly scamming $22 million through rugpulls in NFT and crypto projects. They’re now facing serious federal charges and could spend decades in prison.

The Scammy Duo

Hay and Mayo, both from sunny Southern California, ran multiple NFT and crypto projects from 2021 to 2024, like Vault of Gems, Faceless, and MoonPortal. They hyped these projects as game-changers with epic marketing and fake promises of long-term value. But as soon as the cash came in, they yeeted out, leaving their investors with empty wallets and dashed dreams.

YOU MIGHT ALSO LIKE: Hyperliquid DEX Becomes the Latest Target for North Korean Hackers

Vault of Lies

Their Vault of Gems project was a standout scam. They claimed it would be “the first NFT pegged to a hard asset,” but surprise there was no “gem” to back it up. Instead of delivering on their promises, they straight-up abandoned ship after collecting millions. It’s like selling a golden ticket to nowhere.

Whistleblower Woes

When someone tried to call them out for their shady Faceless NFT project, these guys allegedly went full villain mode. Prosecutors say they harassed the whistleblower and even their family, adding emotional damage to their list of crimes.

YOU MIGHT ALSO LIKE: VanEck Claims Bitcoin Reserve Could Erase $42 Trillion in U.S. Debt

What’s Next

Now facing six federal charges, Hay and Mayo could be looking at 20 years in prison for each fraud count. Looks like their “crypto empire” dreams just turned into a courtroom nightmare.

Hyperliquid DEX Becomes the Latest Target for North Korean Hackers

Summary: North Korea’s infamous hackers have set their sights on Hyperliquid, a decentralized exchange (DEX), raising alarms within the crypto community. Despite losing over $700,000 while trading on the platform, experts believe the activity might be a test to assess its security. In 2024 alone, North Korean cybercriminals have stolen $1.34 billion in cryptocurrency, accounting for 61% of all crypto thefts this year.

The Details

Cybersecurity expert Tayvano revealed that North Korean hackers are trading actively on Hyperliquid. While the hackers incurred significant losses, some speculate they’re probing the platform’s defenses for a bigger attack. Despite the concerns, Hyperliquid’s team has shown little worry. Tayvano, however, warned, “If I were managing their validators, I’d be worried.”

YOU MIGHT ALSO LIKE: Season 2 Beta of Hamster Kombat Launches with $3,000 Up for Grabs

A Chainalysis report shows 2024 as the most profitable year for North Korean hackers. They’ve stolen $1.34 billion in 47 attacks, a 21% increase from 2023. Major heists include $305 million from DMM Bitcoin and $235 million from WazirX.

Why It Matters

North Korea uses stolen crypto to fund its weapons programs. While DeFi platforms remain prime targets, centralized services aren’t immune. With the crypto market surging, platforms like Hyperliquid must prioritize security as hackers ramp up their efforts into 2025.

YOU MIGHT ALSO LIKE: Hawk Tuah Girl Finally Speaks Out on $HAWK Token Drama

The industry now faces a pressing question: Can it outpace these cybercriminals before another major breach occurs?

Trump Appoints Bo Hines to Lead Crypto Council as Executive Director

Trump just named Bo Hines, ex-college footballer and pro-crypto advocate, as Executive Director of his new Crypto Council. Hines, along with AI czar David Sacks, will drive crypto growth in the U.S. Backed by pro-crypto PACs, this move shows Trump’s big push to make America the crypto capital.

Big moves in the crypto world! Trump just announced Bo Hines—yep, the ex-college football player and 2022 Republican candidate—as the new Executive Director of the Crypto Council. This squad, officially called the Presidential Council of Advisers for Digital Assets, is all about making the U.S. the ultimate crypto hub.

Hines is no rookie in the crypto game. Back in time about two years ago, his campaign got a boost from pro-crypto PACs, including funds tied to FTX’s Ryan Salame (yeah, the dude caught up in that political donations drama). Even though Hines narrowly lost his North Carolina House race, his pro-crypto stance clearly caught Trump’s eye.

He’s teaming up with David Sacks, Trump’s AI and crypto czar, to bring some serious innovation vibes. Sacks is known for making waves in tech, so expect some big brain energy here. Oh, and let’s not forget Sriram Krishnan (ex-Andreessen Horowitz guy) also joined in as the senior AI policy adviser.

Trump’s making it absolutely clear: he’s going all-in on crypto. With promises to turn the U.S. into a global crypto powerhouse, this is just the start of his digital asset domination plans. Buckle up, crypto fam—it’s about to get wild!

Also Read:

Hawk Tuah Girl Finally Speaks Out on $HAWK Token Drama

Summary: Hailey Welch who’s widely and by widely I mean worldwide known as “Hwak Tuah Girl” has finally spoken after the $HAWK token scandal left investors fuming. The token, hyped up by Welch’s massive fanbase, crashed hard minutes after launch, sparking a class-action lawsuit. Investors accuse the project’s team of pulling a classic “rug pull,” leaving them with empty wallets and shattered trust. Welch, though not officially named in the lawsuit, took to Twitter to clear the air and address her fans.

What Went Down?

$HAWK launched on December 4 with a bang, skyrocketing to a $490 million market cap, thanks to the buzz from Welch’s loyal followers. But the hype didn’t last just 20 minutes in, the token tanked to $41 million. Holders claim the creators dumped a huge chunk of the coin, sending its value into a free fall.

YOU MIGHT ALSO LIKE: Bitcoin to the Rescue? Trump’s Wild $35 Trillion Debt Plan

The lawsuit targets the Tuah The Moon Foundation, OverHere Ltd., and Alex Larson Schultz, one of the token’s big promoters. It alleges that $HAWK was sold as an unregistered security and claims the team used Welch’s clout to bait investors into a financial trap.

Welch’s Side of the Story

Addressing the controversy, Welch tweeted: “This is serious, and I want to say sorry to anyone affected. I’m working with legal teams to figure this out and make things right.” She also told investors to hit up the law firms handling the case for help.

The Bigger Picture

The $HAWK presale raised $2.8 million, but when the token went live, things spiraled fast. Welch’s spokesperson said she had zero control over the project, adding, “She just got a sponsorship fee and wasn’t involved in running the coin.”

YOU MIGHT ALSO LIKE: CBI Uncovers Crypto Scam Schemes Targeting Seniors in the US and Canada

This whole mess is a wake-up call for anyone jumping into celeb-backed crypto projects. It’s a reminder that just because your fave is hyping it doesn’t mean it’s a solid bet.

Bitcoin to the Rescue? Trump’s Wild $35 Trillion Debt Plan

Summary: Donald Trump is a sophisticated man, freshly back in the Oval Office and he just dropped a bombshell idea: using Bitcoin to get over the U.S’s massive and huge $35 trillion debt.

“Bitcoin to Fix It All”

Trump isn’t holding back. He’s all in on crypto, claiming digital currencies like Bitcoin could be the secret sauce for America’s financial woes. After becoming the first U.S. president to make a Bitcoin transaction (buying cheeseburgers, no less), Trump has turned his crypto enthusiasm into a national game plan. “Crypto has got a great future,” he declared, suggesting that embracing Bitcoin might just be the bold move the U.S. needs to wipe out its sky-high debt.

YOU MIGHT ALSO LIKE: Mumbai Grandpa Scammed Out of ₹10 Lakh in a Wild “Digital Arrest” Hoax

Making America the Crypto Capital

Re-elected in 2024, Trump is set on making the U.S. the global hub for crypto. He’s not just talking about fixing debt; he’s talking about leading a financial revolution. “Maybe we’ll pay off our $35 trillion debt,” he said with a cheeky grin, hinting at Bitcoin’s potential to reshape how the U.S. does money. With the crypto community rallying behind him, Trump’s vision is striking a chord with Gen Z and millennial investors.

YOU MIGHT ALSO LIKE: 200M Dogecoin Mysteriously Moved to Binance

Crypto and Politics: A New Era

Trump’s rival, Kamala Harris, isn’t sleeping on crypto either. While she hasn’t gone full Bitcoin evangelist, she’s pushing for innovation in A.I. and digital assets, making it clear that crypto is on everyone’s radar. With Trump and Harris both giving . With Trump and Harris both giving digital currencies a nod, the U.S. is gearing up for a major crypto-political wave.

Russia’s Bank Governor Says No to Crypto for Local Use

Summary: Russia’s Central Bank Governor, Elvira Nabiullina, has confirmed that crypto isn’t making the cut for domestic payments in the country. While Russia isn’t rolling with Bitcoin for everyday purchases, they’re embracing crypto for international trade to sidestep Western sanctions.

No Crypto for Daily Use

During a press conference, Nabiullina put it bluntly: “We continue to believe that cryptocurrencies should not be used as a means of domestic payment.” This keeps Russia’s current legislation, which bans crypto for local transactions, firmly in place. But they’re not entirely shutting the door on crypto. In fact, they’re open to it for international payments, with Nabiullina adding, “We support and promote projects related to the use of cryptocurrency for external payments, but for domestic payments no.”

YOU MIGHT ALSO LIKE: How to Buy Fartcoin? A Gen Z Guide

Crypto Moves Beyond Borders

Russia is doubling down on crypto’s potential for global trade. The Central Bank is gearing up to test its first cross-border cryptocurrency payment before the year wraps up. This approach aligns with the country’s strategy to maneuver around Western sanctions.

In 2023, Russia started experimenting with crypto for external settlements, and by March 2024, President Vladimir Putin signed a law allowing digital financial assets for specific uses. While the Central Bank stays firm on banning crypto for daily transactions, its selective adoption signals a strategic pivot in how Russia leverages blockchain tech globally.

YOU MIGHT ALSO LIKE: Fartcoin Hits $1B Market Cap Amid Altcoin Slump

Bitget Sees 7X Surge in Gen Z Crypto Users After Trump’s Win!

After Trump’s win, Bitget saw a massive 683% surge in Gen Z users. That makes up over half of new sign-ups. His pro-crypto views, like creating a national Bitcoin reserve, got young voters excited. Gen Z is all in, using features like copy trading and social media tips to dive into crypto’s wild ride.

After Trump’s win, Bitget’s Gen Z user base went boom, skyrocketing by 683%! In just one month, Gen Z’s share of new users jumped from 26.2% to 53.8%. What’s driving this massive shift? Trump’s pro-crypto stance, including promises to create a national Bitcoin reserve and provide clearer rules for digital assets, resonated big time with young voters.

Gen Z, always ahead of the curve in tech, is flocking to crypto not just for the potential profits but for the freedom and innovation it offers. A lot of them are even hopping on copy trading, with nearly half of participants under 25. Social media and influencer advice are key for their investment decisions—who needs traditional finance when you’ve got TikTok?

This surge follows a major crypto market pump, with Bitcoin’s price jumping 40% after the election. The hype is real, and FOMO is driving millions of young investors to get in on the action. The crypto craze isn’t just US-based either—countries like Brazil and Poland are looking to follow El Salvador’s Bitcoin-friendly lead.

Gen Z is no longer just watching the crypto world—they’re jumping in, and platforms like Bitget are riding the wave of this next-gen financial revolution.

You might also like: How to Buy Fartcoin? A Gen Z Guide

How to Buy Fartcoin? A Gen Z Guide

Summary: Fartcoin as its name suggest is making quite a loud sound in crypto space. This memecoin has a wacky and catchy name and this coin has skyrocketed over 400% in the past month, hitting a price of $1.15 and smashing a $1 billion market cap. What started out as a joke on Solana blockchain is now smashing records.

Where to Get Your Hands on Fartcoin

If you’re ready to jump on the Fartcoin bandwagon, you won’t find it on big-name platforms like Binance or Coinbase just yet. But don’t worry; it’s listed on popular tier-2 exchanges like KuCoin, Bitget, HTX, and Gate.io. For the DeFi crowd, decentralized exchanges like Raydium and Orca are also great options. Whether you go centralized or decentralized, grabbing this quirky token is pretty straightforward.

YOU MIGHT ALSO LIKE: Hyderabad Women Are Taking Over India’s Crypto Game

So, How Do You Actually Buy It?

On centralized exchanges, you’ll need some USDT to trade for Fartcoin. Once you’ve got that, head to the market section, place your order, and voilà welcome to the Fartcoin fam. If you prefer decentralized exchanges, set up a SOL-compatible wallet like Phantom, connect to a DEX, and swap your tokens for Fartcoin. Either way, you’re good to go.

YOU MIGHT ALSO LIKE: Nexo Leverages AI for Smarter Wealth Management and Enhanced Decision-Making

Why Fartcoin Is Popping Off

Launched just last month, Fartcoin is riding a wave of hype thanks to its meme appeal and strong community backing. Rumors of a listing on Binance or Bybit are fueling even more excitement. If that happens, this token’s value could blast off even higher.

Hyderabad Women Are Taking Over India’s Crypto Game

Summary: Who says crypto is only for men? Hyderabad’s women are straight-up slaying in the crypto world, making up 45% of the city’s investors. According to CoinSwitch’s “How India Invests in Crypto 2024” report, they’re leading the charge in a space that’s been mostly dominated by men and it’s a total vibe shift for India’s investment scene.

Crypto Queens of Hyderabad

While the rest of India still has women at just 11% of crypto investors, Hyderabad’s got a whole different energy. Women here are owning nearly half of the crypto game, showing the rest of the country how it’s done. Out of all Indian cities, Hyderabad ranks fourth for total crypto investments, with a solid 5.1% share. It’s trailing only Delhi NCR (20.1%), Bengaluru (9.1%), and Mumbai (6.5%)but clearly making its mark.

READ MORE : Bitget & TRON Lock in $10M Deal to Level Up Blockchain

Smart Moves, Smarter Investors

Hyderabad’s investors know what’s up. Around 42% are all-in on large-cap cryptos, 26% are vibing with mid-caps, and 4% are rolling the dice on small-cap coins. The rest? They’re playing it cool with 28% in blue-chip assets. Women aren’t just dipping their toes in they’re making big moves, showing the world they’re just as savvy (if not more) than their male counterparts.

YOU MIGHT ALSO LIKE: Bitcoin Falls Below $100K After Powell Dismisses BTC Reserve Proposal


Tradition Meets Tech

Hyderabad, with its rich history and modern tech vibes, is the perfect mix of old-school charm and new-age hustle. The city’s pro-crypto stance shows that you can honor your roots while embracing the future and women here are leading that charge like total bosses.

Exit mobile version