CrytoCurrency

US President Donald Trump has lashed out at his former cost-cutting czar, Elon Musk, after the world’s wealthiest man said he is launching a political party to challenge the US two-party system.

“He even wants to start a Third Political Party, despite the fact that they have never succeeded in the United States — The System seems not designed for them,” he added.

Musk’s new party threatens to fracture the Republican vote as he has threatened to target key seats leading up to the midterm elections next year, which would include aiming to unseat some Republicans.

However, while third parties — those other than the Democratic and Republican parties — have seen some success at electing state and local officials, a third party hasn’t won a presidential election since the Republican Party became a major party in 1856.

if Congress passed Trump’s massive tax and spending bill, which it did on Thursday.

Multiple political parties referencing the America Party, DOGE, or X were filed with the Federal Election Commission after Musk’s post, which listed him as affiliated with the entity. that at least one of the filings was fake, while some on social media have questioned the legitimacy of others....

Write comment (91 Comments)
CrytoCurrency

The native cryptocurrency of The Open Network has retraced 6% from its 24-hour high after United Arab Emirates regulators refuted claims that staking Toncoin (TON) could create a pathway to UAE residency. ....

Write comment (90 Comments)
CrytoCurrency

Update (July 6, 12 pm UTC): This article has been updated to include comments from Sigil Fund partner Joe HedgeHog. ....

Write comment (98 Comments)
CrytoCurrency

Venture capital funding in the crypto industry has shown signs of stagnation in recent months, with some firms struggling to close new funds — a trend highlighted by Sarah Austin, co-founder of the real-world asset (RWA) platform Titled, which raised a $1.3 million seed round earlier this year.

Despite this challenging macro environment, “Blockchain infrastructure remains the lead story in the crypto space,” said Kaden Stadelmann, chief technology officer at Komodo Platform. , tokenization, payments and RWAs....

Write comment (93 Comments)
CrytoCurrency

Update (July 6 at 11:30 pm UTC): This article has been updated to include an official response from UAE regulators denying reports of golden visas being issued to digital currency investors. ....

Write comment (93 Comments)