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Finance

In Trump-Backed Crypto Project, Insiders Are Poised for Unusually Big Token Payouts

The team could get 70% of World Liberty Financial's tokens, a significantly higher-than-normal allocation from a project marketed as a solution to the “rigged” traditional finance system.

Eric, Donald and Donald Trump Jr. (Desiree Navarro/WireImage)

Finance

Inside the Trump Crypto Project Linked to a $2M DeFi Hack and Former Pick-Up Artist

Four team members listed in World Liberty Financial's white paper previously worked on Dough Finance, which was drained of $2 million in July. One also founded Date Hotter Girls LLC.

Donald Trump, center, pictured with sons Eric Trump, left, and Donald Trump Jr. (Alex Wong/Getty Images)

Policy

U.S. House Committee Plans for Heap of Crypto Hearings in September

The House Financial Services Committee is expected to look at DeFi, U.S. enforcement and "pig butchering" in a series of hearings the panel is set to schedule for next month.

U.S. Securities and Exchange Commission Chair Gary Gensler says the agency's court loss led to bitcoin ETF approvals. (Jesse Hamilton/CoinDesk)

Finance

Trump's New Crypto Business to Offer Access to 'High-Yield' Investments, Website Says

World Liberty Financial is "the only crypto DeFi platform supported by Donald J. Trump," according to homepage metadata.

Donald Trump at Bitcoin 2024 in Nashville (Danny Nelson/CoinDesk)

Policy

Advocates at Stand With Crypto Seek to Turn Crypto Enthusiasts Into Swing-State Voters

The group is opening a battleground-states tour with Sen. Sinema in Arizona, then it moves on to Nevada, Michigan, Wisconsin and Pennsylvania to get out the crypto vote.

U.S. Sen. Kyrsten Sinema is set to speak at the first Stand With Crypto event in a series of stops planned for battleground states in this year's elections. (Chip Somodevilla/Getty Images)

Policy

Controversial Crypto Firm Prometheum to Treat Uniswap and Arbitrum's Tokens as Securities

The SEC-registered crypto platform is expanding its custody operation beyond Ethereum's ETH, and that means it would be holding UNI and ARB as securities.

Aaron (pictured) and Benjamin Kaplan, Co-CEOs of Prometheum, are expanding their custody scope for crypto securities. (Suzanne Cordiero/Shutterstock/CoinDesk)

Finance

Zenrock Aims to Calm Users' DeFi Wobbles With Decentralized Custody Offering

Crypto custody upstart Qredo has got a new lease of life after being bought out of administration by Dan Tapiero’s 10T Holdings and 1RoundTable Partners. The company is soon to relaunch as Zenrock.

Zenrock Chairman Dan Tapiero (second from right). (Shutterstock/CoinDesk)

Finance

MetaMask Starts Rollout of Blockchain-Based Debit Card Developed With Mastercard, Baanx

The new offering will allow MetaMask users to purchase directly from their self-custodial crypto wallet.

MetaMask debit card (MetaMask)

Finance

Crypto Lending Firm Morpho Bags $50M in Funding Round Led by Ribbit Capital

The strategic funding round included a16z, Coinbase Ventures, Variant, Pantera and Brevan Howard.

Paul Frambot, CEO Morpho Labs (Morpho)

Finance

Lloyd’s of London-Backed Insurance Policies Can Now Be Paid for in Crypto on Ethereum

Cryptocurrency insurance underwriter Evertas, a Lloyd’s coverholder, has teamed up with smart contract-based insurance marketplace Nayms to offer the on-chain policies.

Inside the Lloyd's of London insurance market. (Lloyd's of London)