Unicorn Fart Dust Creator Breaks Silence After $6.6M Hack

Ron Branstetter, creator of the viral meme coin Unicorn Fart Dust (UFD), announced that his Phantom wallet had been hacked, leading to the loss of $6.6 million worth of UFD tokens, Solana, and other crypto assets. Branstetter shared the news during an emergency livestream, expressing heartbreak while reassuring the community of his unwavering commitment to…

Fed Chair Jerome Powell says banks can serve crypto clients if risks are managed adequately

Federal Reserve Chair Jerome Powell stated that banks are free to serve with crypto, provided they effectively manage the associated risks.  During his speech following the ‎Federal Open Market Committee (FOMC) meeting, Powell added: “The threshold has been a little higher for banks engaging in crypto activities, and that’s because they’re so new.”  Despite this…

The Protocol: Movement Labs Develops Dev Mainnet

Welcome to The Protocol, CoinDesk’s weekly wrap-up of the most important stories in cryptocurrency tech development. I’m Ben Schiller, CoinDesk’s Opinion and Features editor. In this issue: Movement Labs rolls out dev mainnet Cardano hard forks to decentralized governance SSV DAO unveils SSC 2.0 Musk pushes blockchain in government Network News MOVEMENT LABS ROLLS OUT…

The Dawn of PolicyFi

Are we witnessing the dawn of PolicyFi? In an earlier article on why memecoins matter, I argued that memecoins are ushering in a new era of civic engagement by forming speculative markets in which citizens are able to trade coins tied to government policies. I suggested that holder distributions and market caps in those markets…

Cardano’s Plomin Hard Fork Goes Live, Ushering in On-Chain Governance

Cardano, the layer-1 blockchain launched in 2017 by Ethereum co-founder Charles Hoskinson, activated its highly anticipated “Plomin” upgrade on Wednesday, ushering in the ecosystem’s long-awaited move towards a decentralized governance system. With the Plomin upgrade now live, ADA token holders will be able to shape Cardano’s future, including voting on treasury measures and hard forks.…

Coinbase strengthens ties to Washington with Trump campaign manager, ex-senator on advisory board

Coinbase added four high-profile figures as its advisors, including former US Senator Kyrsten Sinema and Chris LaCivita, co-campaign manager for President Donald Trump’s re-election bid. The Coinbase advisory council also welcomes Bill Dudley, the former president of the Federal Reserve Bank of New York, and Luis Alberto Moreno, an expert in global development and international…