Crypto Has Enough Voters to Make a Splash

The caveats are many, including that Paradigm’s hired survey firm, Dynata, tapped a limited number of 1,000 people and applied weighting to the responses to mold the results into something that better reflects the U.S. electorate. The margin of error is stated at 3.5% overall, but that necessarily rises as subsets of those surveyed are more closely analyzed, which was the case for that central question. The survey only asked the single-issue question of the 20% of people who said they had crypto investments, and since a quarter of those said yes, that their crypto enthusiasm made them single-issue voters, that comes out to 5% of the overall survey.

FTX’s Nishad Singh Gets No Prison Time for Role in Crypto Exchange Collapse

Singh, 29, who pleaded guilty to six criminal counts including wire fraud and conspiracy in February, is the fourth FTX executive to be sentenced for his role in the fraud. Bankman-Fried was sentenced to 25 years in prison in March for his role as ringleader. Former FTX Digital Markets CEO Ryan Salame, who did not testify against Bankman-Fried, recently began serving his 7.5 year prison sentence. And Caroline Ellison, former Alameda Research CEO and one-time girlfriend of Bankman-Fried, was sentenced to two years by the same judge, District Judge Lewis Kaplan of the Southern District of New York (SDNY), last month – her sentence heavily discounted by her prompt and extensive cooperation with prosecutors.

Opportunities for Blockchains and Digital Assets to Support and Enhance U.S. National Security

As national security experts, we invariably view emerging technologies through a lens that focuses on risk, mitigation and safety. We have decades of combined experience in numerous national security roles across the U.S. government, including careers at the FBI, CIA, U.S. Secret Service, and Departments of Justice and Treasury. Our experiences range from establishing the first dedicated digital asset illicit finance investigation unit, to high level roles at the CIA’s Center for Cyber Intelligence, to dismantling transnational organized criminal groups.

Fortune Claims Polymarket Is ‘Rife’ With Wash Trading

The Fortune article, which debuted about a week after suspicions of a different kind of manipulation on Polymarket, cited research done by two blockchain analytics firms. One, Chaos Labs, “concluded that around one-third of trading volume — and overall users — on the presidential market alone was likely wash trading, along with across all markets.” The other, Inca Digital, “found that a ‘significant portion of the volume’ on the market could be attributed to potential wash trading,” the magazine said.

Enterprises Need DePIN More Than DePIN Needs Enterprises

Helium network, which launched its mainnet in 2020, is a notable early example of a community-driven wireless network that rewarded its citizen-network-suppliers significantly while reducing costs and increasing accessibility for users (in certain geographies anyway). Its Helium Mobile offering, while still augmented by TMobile, continues gaining traction and was recently cited to have 335,000 subscribers. Many are also familiar with early decentralized storage networks such as Filecoin, Storj, and Arweave, which are becoming more essential to the advancement of AI due to their scalability, cost efficiency, and decentralization.

President Biden Thanks Nigerian President for Binance Exec’s Release: White House

Gambaryan, head of financial crime compliance at Binance, was released on humanitarian grounds last week, eight months after he was first taken into Nigerian custody and subsequently charged with money laundering and tax evasion as a proxy for his employer, which the Nigerian government accused of tanking the value of the naira. The Nigerian government has since dropped both charges against Gambaryan, though Binance still faces tax-evasion charges in the country.