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US lawmaker says TRUMP coin could risk national security

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Congresswoman Maxine Waters has voiced concerns regarding the potential national security risks posed by the Trump memecoin, a cryptocurrency that has gained rapid traction in recent weeks. In a statement released on January 23, Waters highlighted the potential misuse of the memecoin in funding illicit activities, citing its decentralized and unregulated nature. She urged federal agencies to scrutinize the token, which has drawn both controversy and significant market interest since its launch.

The Trump memecoin, believed to be linked to the former president’s political supporters, has stirred debate in both the political and financial sectors. While its creators claim it serves as a satirical representation of political narratives, Waters pointed out that cryptocurrencies with significant market influence often become tools for bad actors. “Without proper oversight, these platforms can be weaponized for activities that pose risks to our national security,” she stated.

Waters also called on the Securities and Exchange Commission (SEC) and the Financial Crimes Enforcement Network (FinCEN) to investigate the origins and use cases of the Trump memecoin. She emphasized the importance of ensuring that emerging financial technologies comply with existing laws. Her remarks come amid heightened scrutiny of the cryptocurrency sector, as policymakers grapple with balancing innovation and regulation.

The Trump memecoin has seen a surge in trading volume, sparking fears of speculative bubbles and market manipulation. Critics argue that its association with political figures only adds to the potential for divisive narratives and financial instability. As the debate over the memecoin unfolds, Waters’ comments underline the urgent need for regulatory clarity in the rapidly evolving crypto landscape.

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Bitcoin price risks drop to $71K as Trump tariffs hurt US business outlook

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Bitcoin is setting its sights on the $71,000 mark as market conditions shift in response to geopolitical and economic developments, including a new tariff agreement and weakening U.S. business sentiment.

Recent market activity suggests that Bitcoin is benefiting from concerns over traditional economic indicators, with investors turning to digital assets as a hedge against economic uncertainty. A rare slump in U.S. business outlook has fueled speculation that risk assets, including Bitcoin, could see increased inflows.

Additionally, ongoing global trade negotiations and tariff adjustments have contributed to market volatility, prompting investors to seek alternative stores of value. Analysts suggest that if macroeconomic pressures persist, Bitcoin could continue its upward trajectory, potentially testing the $71,000 resistance level.

Despite short-term fluctuations, Bitcoin remains a focal point for investors navigating inflation concerns, regulatory shifts, and global economic trends. The coming weeks will be critical in determining whether Bitcoin can sustain its momentum and break through key price barriers.

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Crypto donations top $1B in 2024, gain traction after Myanmar, Thailand quake

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Changpeng “CZ” Zhao, the former CEO of Binance, has donated 1,000 BNB to aid relief efforts following a powerful earthquake that struck the Thailand-Myanmar border region. The donation, valued at approximately $600,000, aims to support those affected by the disaster and assist in recovery operations.

The earthquake caused significant damage in several areas, displacing residents and impacting local infrastructure. CZ’s contribution highlights the growing role of cryptocurrency in humanitarian aid, providing fast and transparent relief funding.

The donation will be distributed to organizations working on the ground to deliver emergency assistance, including shelter, food, and medical supplies. Crypto-based aid is increasingly being utilized in disaster response efforts due to its efficiency in reaching affected communities without the delays of traditional banking systems.

As the affected regions begin the recovery process, the crypto community continues to demonstrate how blockchain technology can play a meaningful role in global humanitarian initiatives.

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Hackers are selling counterfeit phones with crypto-stealing malware

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Security researchers have uncovered a wave of counterfeit Android devices preloaded with malware designed to steal cryptocurrency, posing a significant threat to users worldwide. The infected devices, which mimic popular smartphone brands, contain malicious software capable of hijacking digital wallets and siphoning funds.

The malware, embedded at the firmware level, allows attackers to gain remote access, intercept sensitive data, and execute unauthorized transactions. Because the malicious code is deeply integrated into the device’s operating system, it is difficult to detect and remove, making it a persistent threat.

Cybersecurity experts warn that unsuspecting buyers may unknowingly expose their crypto holdings to risk by purchasing these compromised devices from unverified sellers. Users are urged to exercise caution by only purchasing smartphones from trusted retailers and manufacturers.

The discovery highlights the growing sophistication of cybercriminals targeting the cryptocurrency sector. As mobile-based crypto transactions become more common, security measures such as hardware wallet usage and multi-factor authentication are increasingly essential to safeguard digital assets from emerging threats.

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