#crypto
Decentralized and Definitely Confused
#crypto
Decentralized and Definitely Confused
Politicians getting into crypto is like your grandma discovering TikTok—confusing, chaotic, and somehow going viral for all the wrong reasons. One day they’re warning the public about the dangers of “unregulated cyber tokens,” and the next they’re dropping their own coin called “PatriotChain” backed by vibes and a bald eagle GIF. They hold hearings where they ask if Dogecoin can be taxed like property, then propose a bill to regulate “all blockchain activity within a 50-mile radius.” Half of them think Ethereum is a prescription drug, and the other half are just trying to figure out why their MetaMask wallet won’t connect. It’s not legislation—it’s live comedy with a C-SPAN budget.
Hacked! UK Minister's X Account Promotes Scam Crypto
- Tuesday, 15 April 2025
Minister Lucy Powell’s X account was hacked to promote a scam "House of Commons" cryptocurrency, which promised to bring people's power to the blockchain. The posts described the "$HCC" coin as community-driven and deleted after being removed by Powell's office, who confirmed the hack on Tuesday morning. This type of hacking is common, where cybercriminals take over accounts using phishing emails or leaked information from data breaches, then promote worthless coins to unsuspecting investors.
Crypto Crash: $250 Billion Wiped Off Market as Bitcoin Plunges to Five-Month Low
- Monday, 07 April 2025
A significant decline in cryptocurrency values was reported on Monday, with $250 billion wiped off the global market cap due to investors abandoning riskier assets amid concerns over Trump's tariffs. Bitcoin fell to a five-month low of $76,884.04, down 7.2% in the last day and 5.3% in the last week. Ethereum also declined by 16.7% in the last 24 hours and 15.8% in the last week, while gold prices rose nearly 4% in the last month amid market instability.
Trump Sets Up US Crypto Reserve: Government Stocks Bitcoin and Other Digital Currencies
- Friday, 07 March 2025
President Donald Trump has established official government cryptocurrency reserves in the US, including a Strategic Bitcoin Reserve and Digital Asset Stockpile, which will consist of other forms of digital currency. The funds will be stocked with coins forfeited to the federal government as part of criminal or civil proceedings.
