Hacker News with Generative AI: Cryptocurrency

Fed announces withdrawal of guidance for banks on their crypto-asset activities (federalreserve.gov)
The Federal Reserve Board on Thursday announced the withdrawal of guidance for banks related to their crypto-asset and dollar token activities and related changes to its expectations for these activities.

Cryptocurrency, Finance, Regulation, Banking

8 points by carimura 1 day ago | 0 comments

They Stole a Quarter-Billion in Crypto and Got Caught Within a Month (nytimes.com)
In the balmy late afternoon of Aug. 25, 2024, Sushil and Radhika Chetal were house-hunting in Danbury, Conn., in an upscale neighborhood of manicured yards and heated pools.

Cryptocurrency, Crime, Security, Law Enforcement

12 points by otterley 2 days ago | 2 comments

Trump crypto soars as president offers dinner to top holders (bbc.com)
The price of Donald Trump's cryptocurrency has soared after the US president promised to host two special events for its top investors.

Cryptocurrency, Politics, Donald Trump

15 points by throw0101d 2 days ago | 2 comments

IBM says 15 contracts impacted by DOGE cost cuts, shares drop (yahoo.com)
International Business Machines (IBM) said 15 of its government contracts were shelved under a cost-cutting drive by the Trump administration, a setback that eclipsed its upbeat revenue forecast and dragged its shares down over 8% on Thursday in premarket trading.

Business, Technology, Finance, Government Contracts, Cryptocurrency

11 points by taubek 2 days ago | 0 comments

Trump Offers Private Dinner to Top Investors in His Memecoin (nytimes.com)
The flashy online announcement called it “the most EXCLUSIVE INVITATION in the World,” a chance to have “an intimate private dinner” with President Trump at his members-only golf club in Virginia, followed by a tour of the White House.

Politics, Finance, Social Media, Cryptocurrency

10 points by asnyder 2 days ago | 3 comments

'I followed instructions closely, but still lost my crypto' (bbc.com)
Trading cryptocurrency was just a bit of fun for Tzoni Raykov, but losing $1,500 worth to an administrative error has left him with serious concerns about his treatment by the industry.

Cryptocurrency, User Experience, Finance

5 points by walterbell 3 days ago | 1 comments

Elon Musk says he'll step back from DOGE starting in May (theverge.com)
Elon Musk says he plans to step back from his work at the Department of Government Efficiency, or DOGE, starting in May.

Elon Musk, Cryptocurrency, DOGE, Government

12 points by ceejayoz 3 days ago | 0 comments

Offical XRP NPM package has been compromised and key stealing malware introduced (aikido.dev)
At 21 Apr, 20:53 GMT+0, our system, Aikido Intel started to alert us to five new package version of the xrpl package. It is the official SDK for the XRP Ledger, with more than 140.000 weekly downloads. We quickly confirmed the official XPRL (Ripple) NPM package was compromised by sophisticated attackers who put in a backdoor to steal cryptocurrency private keys and gain access to cryptocurrency wallets.

Security, Cryptography, Cryptocurrency, Software, Malicious Software

55 points by flxga 4 days ago | 17 comments

Whistleblower statement on anomalies at time of DOGE work at NLRB [pdf] (whistlebloweraid.org)

Whistleblower, Labor, Law, Government, Cryptocurrency

123 points by 0xWTF 5 days ago | 13 comments

Crypto Might Get Some Banks (bloomberg.com)
A theme that I have written about a lot around here is that US banking seems to be getting narrower.

Cryptocurrency, Banking, Finance, USA

8 points by ioblomov 5 days ago | 5 comments

Congress's Biggest Financial Priority Is "Stablecoin." What the Hell Is That? (theintercept.com)
The Trump administration’s trade war with the world has roiled the stock market and threatens to plunge the country into a recession while jacking up the price of basic supplies.

Politics, Finance, Cryptocurrency

4 points by NoGravitas 5 days ago | 0 comments

Downward DOGE: Musk keeps revising cost-trimming goals in a familiar pattern (theregister.com)
Elon Musk's Trump-blessed DOGE unit has made a lot of noise and a lot of headlines for its heavy-handed hatchet tactics within supposedly bloated governmental organizations.

Cryptocurrency, Elon Musk, Government, Finance, Business

19 points by penda 5 days ago | 0 comments

DOGE's tech takeover threatens the safety and stability of our critical data (technologyreview.com)
Tech buzzwords are clanging through the halls of Washington, DC. The Trump administration has promised to “leverage blockchain technology” to reorganize the US Agency for International Development, and Elon Musk’s DOGE has already unleashed an internal chatbot to automate agency tasks—with bigger plans on the horizon to take over for laid-off employees.

Cryptocurrency, Government, Automation, Artificial Intelligence

11 points by rbanffy 6 days ago | 0 comments

AI-powered tool to estimate how many DOGE cuts directly affect your day-to-day (yourdogenumber.live)
You've heard some news. Now, verify it for you.

Artificial Intelligence, Cryptocurrency, Dogecoin, Finance

7 points by eyeamansh 7 days ago | 1 comments

North Korea's Favorite Crypto Laundering Tool: THORChain (coindesk.com)
Researchers say North Korea used THORChain to launder $1.2 billion following the biggest-ever crypto heist.

Cryptocurrency, North Korea, Security, Blockchain

10 points by PaulHoule 7 days ago | 0 comments

Nearly a Billion Dollars in Doge 'Savings' Disappeared Overnight (notus.org)
The DOGE website, the only public accounting of Elon Musk and President Donald Trump’s attempts to reduce federal government spending, is in constant flux and riddled with errors. That includes revisions that suggest DOGE was previously overstating its savings by hundreds of millions of dollars.

Cryptocurrency, Finance, Politics, Elon Musk, Donald Trump

20 points by srameshc 7 days ago | 0 comments

Feds confuse the case of crypto Ponzi schemers (seattletimes.com)
The U.S. Department of Homeland Security last week sent a letter to two Estonian men telling them to leave the U.S. “immediately.”

Cryptocurrency, Law Enforcement, Estonia

14 points by petethomas 8 days ago | 1 comments

Why Crypto Developer Activity Is Declining (stovetop.substack.com)
I present to you the most important and concerning chart in crypto.

Cryptocurrency, Developer Activity, Blockchain

16 points by stephenflanders 8 days ago | 13 comments

Kraken Teams Up with Mastercard to Introduce Crypto Debit Cards (coindesk.com)
Crypto exchange Kraken is teaming up with Mastercard to let crypto holders in the UK and Europe spend their digital assets at more than 150 million merchants worldwide, Mastercard announced.

Cryptocurrency, Finance, Mastercard, Payment Systems, Europe

4 points by PaulHoule 8 days ago | 0 comments

Federal whistleblower on DOGE data exfiltration (twitter.com)
Something went wrong, but don’t fret — let’s give it another shot.

Cryptocurrency, Whistleblower, Security, Government

12 points by eriktrautman 8 days ago | 2 comments

Nearly $1B of DOGE 'savings' vanish overnight (msn.com)
The Department of Government Efficiency’s website quietly removed nearly one billion dollars in what it claims to have “saved” through canceled contracts, grants or leases this past week.

Government, Finance, Cryptocurrency, Data Transparency

35 points by Jacquie11 9 days ago | 3 comments

ICE-snitching app is promoting a meme coin (theverge.com)
Right-wing influencers are shilling an app that purportedly lets people earn crypto for reporting sightings of undocumented immigrants.

Cryptocurrency, Social Media, Immigration, Meme Coins

8 points by sksxihve 9 days ago | 0 comments

Red Flags: Has Doge Been Infiltrated by a Russian Spy Network? (narativ.org)
Yesterday, we reported on actors using Russian IP addresses to breach the National Labor Relations Board immediately after DOGE engineers obtained "God-tier" access. According to whistleblower Daniel Berulis the intruders used newly created DOGE credentials and techniques “consistent with sophisticated Russian intelligence operations.” His claims are supported by cybersecurity experts. Berulis’ lawyer also claims the IP addresses and DOGE were connected to Starlink, which he says, is a direct link to Russia.

Cybersecurity, Russia, Cryptocurrency, Politics, Whistleblower

13 points by doener 9 days ago | 0 comments

Nearly a Billion Dollars in Doge 'Savings' Disappeared Overnight (notus.org)
The DOGE website, the only public accounting of Elon Musk and President Donald Trump’s attempts to reduce federal government spending, is in constant flux and riddled with errors. That includes revisions that suggest DOGE was previously overstating its savings by hundreds of millions of dollars.

Cryptocurrency, Finance, DOGE, Elon Musk, Donald Trump

14 points by bjourne 9 days ago | 3 comments

ICE-snitching app is promoting a meme coin (theverge.com)
Right-wing influencers are shilling an app that purportedly lets people earn crypto for reporting sightings of undocumented immigrants.

Cryptocurrency, Social Media, Immigration

20 points by nickcotter 9 days ago | 1 comments

ICE-snitching app is promoting a meme coin (theverge.com)
Right-wing influencers are shilling an app that purportedly lets people earn crypto for reporting sightings of undocumented immigrants.

Cryptocurrency, Social Media, Immigration, Right-Wing Politics

17 points by coloneltcb 10 days ago | 0 comments

Government IT whistleblower calls out DOGE, says he was threatened at home (arstechnica.com)
A government whistleblower told lawmakers that DOGE's access to National Labor Relations Board (NLRB) systems went far beyond what was needed to analyze agency operations and apparently led to a data breach.

Government, Cybersecurity, Cryptocurrency, Labor, Data Breaches

25 points by sciurus 10 days ago | 6 comments

Elon Musk touts $150B in savings in FY2026 – after claiming DOGE could cut $1T (nypost.com)
Elon Musk claimed his Department of Government Efficiency will save $150 billion from the federal budget in fiscal year 2026 — a far cry from the $1 trillion the tech titan was confident he could slash.

Elon Musk, Government Efficiency, Savings, Finance, Cryptocurrency

8 points by hypeatei 10 days ago | 5 comments

Ask HN: Why do DOGE stories never make it to the frontpage? (ycombinator.com)
This morning I saw a news story that seemed pretty important for tech workers to be aware of [1]. I went to submit, and I was taken to a page where the post was already marked as "flagged" despite having 400+ upvotes in the 4 hours since original submission. However, the post had been flagged, so I was unable to see it on the front page.

Hacker News, Censorship, Cryptocurrency, Dogecoin

16 points by Kapura 11 days ago | 11 comments

DOGE's tech takeover threatens the safety and stability of our critical data (technologyreview.com)
Tech buzzwords are clanging through the halls of Washington, DC. The Trump administration has promised to “leverage blockchain technology” to reorganize the US Agency for International Development, and Elon Musk’s DOGE has already unleashed an internal chatbot to automate agency tasks—with bigger plans on the horizon to take over for laid-off employees.

Cryptocurrency, Politics, Automation

15 points by rbanffy 11 days ago | 0 comments