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Crypto Conundrums: From 'Find Satoshi's' Digital Treasure Hunt to Tuberville's Regulatory Rumble, and RFK Jr.'s Bitcoin Blunder!
A Whirlwind of Wallet Woes, SEC Squabbles, and Presidential Pretenses: Unpacking a day of crypto Happenings
Welcome to Daily Digest, where we surface trending news in crypto-based on conversations we found on Twitter, news publications, blog posts, and other social media, powered by the Coinfeeds platform.
Here are the trending news items over the last 24 hours. If you’d like to see it’s realtime updated version, head over to our website here
U.S. Senator Tuberville Asks DOJ, SEC to Investigate Crypto Broker Prometheum
U.S. Senator Thomas Tuberville has requested an investigation into Prometheum, a crypto broker, alleging potential violations of U.S. securities laws and false testimony to Congress. This highlights the ongoing regulatory scrutiny in the crypto space.
Brazil's CBDC pilot contains code that can freeze or reduce funds, dev claims
A developer has reverse-engineered the code of Brazil's pilot central bank digital currency (CBDC) and found functions that could allow a central authority to freeze funds or reduce balances. This raises concerns about the potential misuse of power in the CBDC space.
Grayscale's Lawyers Protest SEC's Leveraged Bitcoin ETF Approval
Grayscale's lawyers have criticized the SEC for approving a riskier leveraged Bitcoin-based ETF while rejecting their own spot Bitcoin ETF application. This highlights the ongoing debate and regulatory uncertainty around Bitcoin ETFs.
Stepn creator giving away over $400,000 in crypto to drive interest in new video game
Find Satoshi Lab, the creator of the blockchain-powered fitness app Stepn, is giving away over $400,000 worth of GMT tokens to promote its upcoming video game called Gas Hero. This demonstrates the increasing use of crypto incentives in the gaming industry.
MATIC Soars 9% Ahead of Polygon 2.0 Rollout, Rebounding Network Growth - Decrypt
Polygon (MATIC) has seen a 9% increase in price ahead of the rollout of Polygon 2.0. This shows the positive market sentiment around the upcoming upgrade and the resilience of the MATIC token amid regulatory concerns.
US Presidential Candidate Robert F. Kennedy Jr Called Out For Lying About Bitcoin Investment
US Presidential candidate Robert F. Kennedy Jr. has been called out for lying about his Bitcoin investment, revealing the increasing scrutiny of politicians' involvement in crypto.
Vitalik Buterin wants Bitcoin to experiment with layer-2 solutions, just like Ethereum
Vitalik Buterin, co-founder of Ethereum, has suggested that Bitcoin should adopt layer-2 solutions, such as zero-knowledge rollups, to enhance scalability. This underscores the ongoing exploration of scalability solutions in the crypto space.
Stay tuned for more updates tomorrow!