Newsletter: Trump is still corrupt, a core developer warns bitcoin won’t survive an upcoming code change, and crypto lenders are ratcheting up leverage like it’s 2022.'nhttps://www.citationneeded.news/issue-94/'n#crypto #cryptocurrency #USpol #USpolitics
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Newsletter: Trump is still corrupt, a core developer warns bitcoin won’t survive an upcoming code change, and crypto lenders are ratcheting up leverage like it’s 2022.
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Newsletter: Trump is still corrupt, a core developer warns bitcoin won’t survive an upcoming code change, and crypto lenders are ratcheting up leverage like it’s 2022.
Last issue, I wrote about how the Emirati firm that handed Trump and his family nine-figure crypto profits scored a huge win with an AI chip deal. Now they’re getting 15% of TikTok, too.
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Last issue, I wrote about how the Emirati firm that handed Trump and his family nine-figure crypto profits scored a huge win with an AI chip deal. Now they’re getting 15% of TikTok, too.
Trump stands to profit even more if his business partner, Zach Witkoff, achieves his dreams of soliciting investments in Trump real estate properties using crypto. He pitches it as a win for the everyman, leaving out that it would be a much bigger win for Trump’s wallet.
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Trump stands to profit even more if his business partner, Zach Witkoff, achieves his dreams of soliciting investments in Trump real estate properties using crypto. He pitches it as a win for the everyman, leaving out that it would be a much bigger win for Trump’s wallet.
The team behind Trump’s memecoin is considering launching a $TRUMP treasury company. If it happens, it would likely mark a second Trump-linked token/treasury company operation riddled with conflicts of interest, where the same people sit on both sides of the deal.
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The team behind Trump’s memecoin is considering launching a $TRUMP treasury company. If it happens, it would likely mark a second Trump-linked token/treasury company operation riddled with conflicts of interest, where the same people sit on both sides of the deal.
Trump has officially pulled Brian Quintenz’s CFTC Chair nomination after he refused to be the Winklevoss twins’ bulldog.
“They completely nuked him. They made a phone call. They were like, ‘This is not going to fly with us.’ And it was a very short trip from there to [the nomination] being killed.”
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Trump has officially pulled Brian Quintenz’s CFTC Chair nomination after he refused to be the Winklevoss twins’ bulldog.
“They completely nuked him. They made a phone call. They were like, ‘This is not going to fly with us.’ And it was a very short trip from there to [the nomination] being killed.”
America’s largest union federation, AFL-CIO, has opposed proposed crypto market legislation as “the perfect environment for the next financial crisis to germinate”. Whether anyone’s read the letter yet is another question, because the shutdown is stalling legislative work.
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America’s largest union federation, AFL-CIO, has opposed proposed crypto market legislation as “the perfect environment for the next financial crisis to germinate”. Whether anyone’s read the letter yet is another question, because the shutdown is stalling legislative work.
The crypto bill faces an awkward snag — its top lobbyist is married to the FTC Commissioner Trump tried to fire.
“I think it’s ironic that one of the Trump admin’s more monarchical acts six months ago is going to potentially blow up one of their major legislative projects.”
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The crypto bill faces an awkward snag — its top lobbyist is married to the FTC Commissioner Trump tried to fire.
“I think it’s ironic that one of the Trump admin’s more monarchical acts six months ago is going to potentially blow up one of their major legislative projects.”
A group of pro-crypto Senators is questioning why the CFTC isn’t prohibiting sports-related events contracts, even though the lax enforcement has been popular in the industry.
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A group of pro-crypto Senators is questioning why the CFTC isn’t prohibiting sports-related events contracts, even though the lax enforcement has been popular in the industry.
The SEC has had to remind crypto treasury companies that insider trading isn’t allowed in SEC-regulated markets just because crypto is involved... at least in theory.
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The SEC has had to remind crypto treasury companies that insider trading isn’t allowed in SEC-regulated markets just because crypto is involved... at least in theory.
The SEC also had to pause trading for one of these crypto treasury companies after potential market manipulation rocketed the stock price 2,000%. Looks like some people forgot the stock market still frowns on the kind of games common in crypto.
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The SEC also had to pause trading for one of these crypto treasury companies after potential market manipulation rocketed the stock price 2,000%. Looks like some people forgot the stock market still frowns on the kind of games common in crypto.
Tai Lopez, a self-help guru who once tried to sell $200,000+ NFTs that gave buyers the chance to join him to watch a 2-hour movie of his choice, has been accused of running a Ponzi scheme. He’s also the guy behind the ill-fated RadioShack crypto rebrand.
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Tai Lopez, a self-help guru who once tried to sell $200,000+ NFTs that gave buyers the chance to join him to watch a 2-hour movie of his choice, has been accused of running a Ponzi scheme. He’s also the guy behind the ill-fated RadioShack crypto rebrand.
Coinbase has launched a campaign claiming that “big banks want another bailout”. Those worried about bailouts should probably worry more about poorly regulated crypto firms integrating themselves into the financial system.
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Coinbase has launched a campaign claiming that “big banks want another bailout”. Those worried about bailouts should probably worry more about poorly regulated crypto firms integrating themselves into the financial system.
The bitcoin community is fighting over an upcoming software change that one developer has warned will be the end of bitcoin. He has reportedly discussed creating a trusted group of censors with the authority to alter data recorded on chain.
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The bitcoin community is fighting over an upcoming software change that one developer has warned will be the end of bitcoin. He has reportedly discussed creating a trusted group of censors with the authority to alter data recorded on chain.
Crypto lending — a major factor in the 2022 crypto meltdown — is having a comeback. In fact, one crypto lender just hired the guy accused of bankrupting BlockFi after he extended a huge line of credit to FTX based on a pinky swear.
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Crypto lending — a major factor in the 2022 crypto meltdown — is having a comeback. In fact, one crypto lender just hired the guy accused of bankrupting BlockFi after he extended a huge line of credit to FTX based on a pinky swear.
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The bitcoin community is fighting over an upcoming software change that one developer has warned will be the end of bitcoin. He has reportedly discussed creating a trusted group of censors with the authority to alter data recorded on chain.
@molly0xfff i'm sure said group of censors will *always* act in for the greater good, even at great expense to themselves
(is the /s necessary?
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Trump has officially pulled Brian Quintenz’s CFTC Chair nomination after he refused to be the Winklevoss twins’ bulldog.
“They completely nuked him. They made a phone call. They were like, ‘This is not going to fly with us.’ And it was a very short trip from there to [the nomination] being killed.”
@molly0xfff a16z vs. Winklevi civil war?
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Newsletter: Trump is still corrupt, a core developer warns bitcoin won’t survive an upcoming code change, and crypto lenders are ratcheting up leverage like it’s 2022.
@molly0xfff I generally don't think we should fully conflate Trump, his $ETH based $TRUMP "coin" and Bitcoin $BTC. Even with that said i do believe he is using blockchains to get bribes.
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Please consider signing up for a free or pay-what-you-want subscription to support my work. Citation Needed is an independent publication, entirely supported by readers like you.
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@molly0xfff is .news a special tld and did you need permission to get a domain or can anyone get a .news?
@bojanland not special!
Gli ultimi otto messaggi ricevuti dalla Federazione
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RE: https://social.linux.pizza/@socallinuxexpo/116140317176513466
Looking forward to it!
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What did you want to be when you grew up?
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Wind Power Is Taking Off In China– All The Way to 2000 m AGL
2000 m above ground level (AGL), winds are stronger and much, much more consistent than they are at surface. Even if the Earth were a perfect sphere, there’d be a sluggish boundry layer at the surface, but since it’s got all these interesting bumps and bits and bobs, it’s not just sluggish but horribly turbulent, too. Getting above that, as much as possible, is why wind turbines are on big towers. Rather than build really big tower, Beijing Lanyi Yunchuan Energy Technology Co. has gone for a more ambitious approach: an aerostat to take power from the steady winds found at high altitude. Ambitiously called the Stratosphere Airborne Wind Energy System (SAWES), the megawatt-scale prototype has recently begun feeding into the grid in Yibin, Sichuan Province.
The name might be a bit ambitious, since its 2000 m test flight is only one tenth of the way to the stratosphere, but Yibin isn’t a bad choice for testing: as it is well inland, the S2000 prototype won’t have to contend with typhoons or other ocean storms. The prototype is arguably as ambitious as the name: its 12 flying turbines have a peak capacity of three megawatts. True, there are larger turbines in wind farms right now, but at 60 m in length and 40 m in diameter, the S2000 has a lot of room to grow before hitting any kind of limit or even record for aerostats. We’re particularly interested in the double-hull construction– it would seem the ring of the outer gas bag would do a good job funneling and accelerating air into those turbines, but we’d love to see some wind tunnel testing or even CFD renderings of what’s going on in there.
A rear view shows the 12 turbines inside the double hull. It should guide air into the gap, but we wonder how much turbulence the trusses in there are making.
During its first test flight in January 2026, the system generated generated 385 kilowatt-hours of electricity over the course of 30 minutes. That means it averaged about 25% capacity for the test, which is a good safe start. Doubtless the engineers have a full suite of test flights planned to demonstrate the endurance and power production capabilities of this prototype. Longer flights at higher capacity may have already happened by the time you read this.Flying wind turbines isn’t a new idea by any means; a few years ago we featured this homemade kite generator, and the pros have been in on it too. Using helium instead represents an interesting design choice–on the plus side, its probably easier to control, and obviously allowing large structures, but the downside is the added cost of the gas. It will be interesting to see how it develops.
We’re willing to bet it catches on faster than harvesting wind energy from trees.
All images from Beijing Lanyi Yunchuan Energy Technology Co., Ltd.
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I nuovi schiavi dell’algoritmo
@anarchia
di Mario Sommella (*). Abbiamo rubato le immagini (addirittura 8) al grande Mauro Biani. Caporalato digitale, sfruttamento sistemico e complicità delle multinazionali L’immagine che non vogliamo vedere Sono le sette del mattino. In una città italiana qualunque, un uomo di...Vedi l'articolo
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Large Hadron Collider, he typed carefully
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@reiver no, it's just a regular acct:
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“le atlete italiane vincono, ma non contano”. il medagliere olimpico visto in prospettiva di genere, tra pinkwashing e gender gap
@anarchia
Le atlete italiane si sono distinte in molte discipline in questa edizione delle Olimpiadi invernali, regalando al Paese la maggior parte delle medaglie e offrendo uno spaccato
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@ben@werd.social @ben@idno.werd.io woooooooooooo
