Day: March 8, 2025

David Sacks rejects conflict of interest allegations, calling them ‘a lazy and stupid narrative’

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Key Takeaways David Sacks slammed allegations of financial misconduct as slander and defamation. Sacks divested over $200 million in crypto holdings before his consulting role. Share this article David Sacks has defended himself against recent allegations that he used his position to manipulate crypto markets, calling the claims baseless. Speaking in a new episode of The All-In Podcast, the White House AI and crypto czar addressed accusations that he engaged in a scheme to inflate his crypto holdings for personal gain. “People came out right away and were saying that…

50% of female crypto investors seek long-term wealth creation — Survey

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Women are showing an increased interest in cryptocurrency investments, with the majority favoring long-term strategies and lower-risk assets like Bitcoin despite reporting a lack of industry knowledge, according to a new Bitpanda survey shared exclusively with Cointelegraph. According to the survey, 50% of female crypto investors prioritize long-term financial growth, with 49% holding digital assets for up to five years and 39% planning to hold for more than five years. Women also tend to prefer safer digital assets. Bitcoin (BTC) remains the most popular investment choice, with 30% of respondents…

FDIC resists transparency on Operation Chokepoint 2.0 — Coinbase CLO

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Some US government agencies continue to deny transparency regarding their role in Operation Chokepoint 2.0, a period during the Biden administration when crypto and tech founders were allegedly denied banking services, according to Coinbase chief legal officer Paul Grewal. The collapse of crypto-friendly banks in early 2023 sparked the first allegations of Operation Chokepoint 2.0. Critics, including venture capitalist Nic Carter, described it as a government effort to pressure banks into cutting ties with cryptocurrency firms. Despite recent regulatory shifts, agencies like the Federal Deposit Insurance Corporation (FDIC) continue to…

How to utilize AI agents in decentralized finance (DeFi) platforms

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Key takeaways AI agents in DeFi are self-operating apps that can help navigate by optimizing trading, adding risk management and market analysis without human intervention. These agents integrate with DeFi platforms through smart contracts, offering automation for tasks like portfolio rebalancing, yield farming and enhanced security. AI trading agents adapt to real-time market conditions, identifying trends and executing trades 24/7 across multiple platforms. Despite their potential, AI agents face challenges such as reliance on high-quality data, regulatory uncertainties and vulnerability to security risks. Imagine a world where trading is no…

Coinbase to add 1,000 more US jobs in 2025, thanks to Trump — Brian Armstrong

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Coinbase CEO Brian Armstrong said that United States President Donald Trump’s strong support for crypto has led the exchange to go on a hiring spree in the US. “Coinbase is planning to hire about 1,000 people in the United States this year as a direct result of his actions already in the first 60 days or so,” Armstrong said in a video posted to X on March 7. Hiring spree to significantly grow Coinbase’s headcount “These policies really matter; this is the most pro-crypto Congress we’ve ever seen as well,”…

SBF sent to solitary confinement over Tucker Carlson interview: Report

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Former FTX CEO Sam “SBF” Bankman-Fried has reportedly been sent to solitary confinement after taking part in an interview with right-wing political commentator Tucker Carlson, which was not approved by prison authorities. “This particular interview was not approved,” a representative for the Bureau of Prisons told The New York Times on March 7. Bankman-Fried did not receive permission to take interview According to a person briefed on the situation, after Bankman-Fried’s interview with Carlson was published, he was sent to solitary confinement at Brooklyn’s Metropolitan Detention Center, where he has…

Winklevoss-led Gemini works with Goldman Sachs, Citigroup on IPO plan

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Key Takeaways Gemini has confidentially filed for an IPO with the assistance of Goldman Sachs and Citigroup. Ark Invest sees new policies driving crypto industry growth and facilitating public listings for digital asset companies. Share this article Tyler and Cameron Winklevoss’ crypto firm Gemini has confidentially filed paperwork with the SEC for an initial public offering and is working with Goldman Sachs Group and Citigroup on the plan, according to a new report from Bloomberg. The New York-based crypto exchange may go public as soon as this year, according to…

White House Draws Line Between Bitcoin And Digital Assets At Its First Crypto Summit, In EO

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“From this day on, America will follow the rule that everyone in Bitcoin knows very well — never sell your Bitcoin.” -President Donald Trump, 3/7/25 at inaugural White House Crypto Summit The President of the United States is now reciting popular Bitcoin maxims as they pertain to America’s bitcoin stack. Wild. It’s clear that he’s gotten the message that bitcoin is something altogether different than all other digital assets. He’s proven this not only by what he said at today’s Crypto Summit, but also by signing an executive order (EO)…

US Bitcoin reserve prompts $370 million in ETF outflows: Farside

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Bitcoin exchange-traded funds (ETFs) saw nearly $370 million worth of net outflows on March 7 as investors reacted to President Donald Trump’s plan for a US strategic Bitcoin reserve, according to data from Farside Investors.  The outflows indicate institutional investors are wary of Bitcoin (BTC) exposure after Trump’s March 6 executive order — which created a national Bitcoin reserve but didn’t instruct the government to buy Bitcoin — disappointed traders.  “While [Trump’s executive order] acknowledges crypto’s role in global finance, the lack of fresh purchases disappointed markets,” Alvin Kan, chief…

OCC lays out crypto banking after Trump vows to end Operation Chokepoint 2.0

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The US Office of the Comptroller of the Currency (OCC) has eased its stance on how banks can engage with crypto just hours after US President Donald Trump vowed to shut down Operation Chokepoint 2.0 — the prolonged crackdown restricting crypto firms’ access to banking services. “Crypto-asset custody, certain stablecoin activities, and participation in independent node verification networks such as distributed ledger are permissible for national banks and federal savings associations,” the OCC said in a March 7 statement. OCC’s new guidance will “reduce the burden” on banks The OCC…