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Trump says on NBC he has no plans to replace Powell as Fed chair

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“I think if I told him to, he would,” Trump said on NBC’s Meet the Press. “But if I asked him to, he probably wouldn’t.” Read More

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Green Investors Find a Silver Lining in Trump’s Presidency

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Shares in clean energy companies have fallen every year since 2021, but some say the sector has hit bottom.

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Crypto fails as money and what needs to change

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Crypto fails as money and what needs to change

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial.

In December 2024, the price of Bitcoin (BTC) passed $100,000 for the first time. This surge, driven by optimism over a pro-crypto US administration, marked a historic moment. Yet, despite the excitement, it also highlighted an ongoing problem—cryptocurrencies still aren’t ready for everyday use.

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Bitcoin and other cryptocurrencies have become popular as investments, similar to stocks or as some experts call it—Bitcoin is the ‘digital gold.’ But when it comes to being used as real money, they fall short. High fees, slow transactions, and often overcomplicated systems keep crypto from being practical for most people. If the industry wants to see mass adoption, it needs to fix these problems and focus on making crypto easy to use and accessible to everyone.

Old blockchain systems are holding crypto back

When Bitcoin launched, its decentralized design was groundbreaking. It showed the world a new way to secure and transfer money without relying on banks that are prone to external factors such as inflation and geopolitical constraints. Yet, over a decade later, its original system is struggling to keep up.

Bitcoin’s block creation process, which happens every 10 minutes, limits how many transactions it can handle. During busy times, fees go up, and transactions take longer to confirm. This makes using Bitcoin for small, everyday payments inconvenient and expensive.

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L2 solutions like the Lightning Network try to make Bitcoin faster and cheaper, but such solutions still depend on the same slow base layer. This means the core problem remains unsolved. As a result, Bitcoin is mostly used as a store of value or an investment rather than as a way to pay for everyday commodities. For crypto to be widely adopted, it needs to move beyond this basic limitation.

Crypto needs to scale for everyday use

If cryptocurrencies are to work as money for everyone, they need to scale up in a big way. Today’s leading flagships like Bitcoin and Ethereum (ETH) can’t handle the volume of transactions that a global payment system requires. Congestion and high fees make them impractical for daily use.

Traditional payment systems like Visa and Mastercard, on the other hand, process millions of transactions every day with ease. For crypto to compete, it must match or exceed this level of performance. Small improvements aren’t enough. The industry needs bold new designs for blockchains that can handle massive transaction volumes without breaking a sweat.

Without this kind of scalability, crypto will stay stuck as a niche tool – good for speculation but not for replacing traditional financial systems.

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The case for hybrid models and stablecoins

One way forward might be through hybrid systems that combine crypto’s strengths with the stability of fiat money. Stablecoins, which are tied to fiat currencies like the US dollar, already show promise. They provide the speed and privacy of crypto while avoiding the price swings of coins like Bitcoin.

Stablecoins are gaining traction in countries where local currencies are unstable, offering people a safe and practical way to store and transfer value. However, they’re only part of the solution. The industry needs a seamless system that integrates stablecoins, traditional cryptocurrencies, and even digital fiat currencies.

Such a system would give users the flexibility to choose what works best for them while keeping the key benefits of decentralization, speed, and security.

Changing how people see crypto

Another big hurdle to crypto adoption is how people view it. Bitcoin is often called ‘digital gold,’ which makes people think of it as an investment to hold onto rather than spend. While this idea has helped Bitcoin grow in value, it has also hurt its potential to be fully integrated into everyday transactions for lesser commodities.

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For crypto to succeed as money, this perception needs to change. People should see it as a tool for everyday transactions, whether they’re buying coffee or sending money abroad. This requires not just better technology but also better communication and transparency from the industry. The message should be clear—crypto is simple, reliable, and ready to use in the real world.

The path ahead

We should, of course, consider that the industry keeps focusing on speculation and addressing crypto as a stock market while playing around with price gains, in that case, the industry and crypto will fail to reach their full potential and remain as a niche tool. But if the priorities were to shift into practical solutions, crypto could truly become the money of the future. 

The road ahead isn’t easy, but the goal is worth it. Crypto doesn’t just need new technology—it needs a new mindset. The question isn’t whether crypto can change the world. The question is whether we’re ready to make it happen. 

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Alexander Guseff

Alexander Guseff is the founder and CEO of Tectum, a subsidiary of Crispmind Ltd., advancing innovation in the FinTech and blockchain industries. With decades of experience in full-stack, high-performance blockchain development, Alexander has been instrumental in creating the Tectum blockchain, recognized as the world’s fastest layer 1 blockchain with an unparalleled capacity of 3.5 million transactions per second. Alexander also spearheaded the development of SoftNote, a solution addressing blockchain scalability challenges. SoftNote enables fee-less, scalable transactions, facilitating the broader adoption of cryptocurrencies and digital payments. Alexander’s contributions to blockchain technology have been showcased at global platforms such as Blockchain Life and the BRICS IFE Forum, solidifying his reputation as a thought leader in the industry. His strategic focus on marketing, product development, and community engagement continues to guide Tectum’s mission to transform digital payments.

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Nibiru EVM (Nibiru V2) Codebase Finalized Following Rigorous Security Audits

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Nibiru EVM (Nibiru V2) Codebase Finalized Following Rigorous Security Audits

[PRESS RELEASE – Tortola, British Virgin Islands, January 23rd, 2025]

Nibiru, a secure and high-performance blockchain, has reached successful code completion for its upcoming Nibiru EVM (Nibiru V2) upgrade.

“This milestone marks a key step in the evolution of Nibiru. Smoothly launching an initiative like this is about doing small things right to make a big difference. Nibiru places a heavy emphasis on security for users and their digital assets. The audits and resulting mitigation changes help ensure that the new generation of apps on Nibiru will deploy in a secure and efficient environment, stated Unique Divine, Co-founder of Nibiru and CEO of Nibi, Inc.”

These security audits of Nibiru focused on the core L1 logic. The team started with a consultative security audit in October 2024 by Zenith, where Code4rena assembled a curated team of auditors tailored to the project’s specific codebase and needs. After addressing potential security findings from this audit, the team sponsored a competitive Code4rena audit in November 2024. This second audit expanded its scope to include Nibiru’s Ethereum JSON-RPC, in addition to the core L1 and the Nibiru EVM.

What is Nibiru EVM (Nibiru V2)?

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The Nibiru EVM Upgrade, also called Nibiru V2, is a “purely additive” enhancement to Nibiru that makes it an EVM-equivalent execution engine. This allows Ethereum-based application development teams to more easily build on Nibiru and take advantage of widely used tools like MetaMask and Coinbase Wallet.

The team’s Jan 2025 Ecosystem Update also mentions the launch of several products on top of Nibiru V2, including a Uniswap V3 deployment by Oku, Astrovault’s cross-chain value capture DEX, tokenized private credit and T-bills, and Bridged USDC.

Nibiru Lagrange Point: A Glimpse into the Future

Building upon the progress of the Nibiru EVM upgrade, Nibiru is unveiling the initial stages of its ambitious “Nibiru Lagrange Point” roadmap. This roadmap outlines a series of innovative advancements designed to further enhance the scalability, decentralization, and user experience on Nibiru.

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Nibiru Lagrange Point combines:

  • FunToken Mechanism, a unification of EVM and non-EVM tokens that don’t rely on third-party bridges
  • Pipeline-Aware Reordered Execution (PARE) for higher throughput
  • Optimized validator dynamics in NibiruBFT, including Boneh–Lynn–Shacham (BLS) Signatures and novel grouping algorithms to reduce overhead and speed up block times.
  • Mempool Lanes for orderly transaction flow

These design innovations are meant to “address bottlenecks across every layer of the stack, paving the way for advanced DeFi, real-world assets (RWAs), AI-driven bots, and high-traffic cultural projects—all running seamlessly on a single platform”, according to Harvey Liu, Research Engineer at Nibi, Inc.

About Nibiru

Nibiru is a high-performance MultiVM blockchain that achieves fast finality, a block time of less than 1.8 seconds, and robust security. Backed by $20.5 million in funding from NGC Ventures, HashKey Capital, Kraken Ventures, and Tribe Capital, Nibiru enables developers to build and deploy smart contract applications interoperable across multiple virtual machines, such as the Ethereum Virtual Machine (EVM) and WebAssembly (Wasm).

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Stressed out business leaders are creating a breakdown in the management talent pipeline

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A new Call of Duty: Black Ops 6 Zombies map is coming, plus fresh enemies and an awesome Wonder Weapon

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The Tomb in Call of Duty: Black Ops 6 Zombies.

  • Call of Duty: Black Ops 6 Season 2 launches on January 28
  • It adds loads of new Zombies content, including new map The Tomb
  • This is in addition to a new Wonder Weapon, fresh GobbleGums, and more

Call of Duty: Black Ops 6 Season 2 launches on January 28 and brings a wealth of new content for Multiplayer. Black Ops 6 Zombies is also receiving some love, with plenty of big new additions.

The most significant is a whole new Zombies map, The Tomb. Set after the events of the Citadelle des Morts map, The Tomb sees protagonists Weaver, Maya, Carver, and Grey venture into a mysterious lost catacomb in the ongoing fight against the Dark Aether.

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Bitcoin’s (BTC) Outlook is Bullish, Prices Expected to Remain Elevated: Deutsche Bank

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Deutsche Bank logo (Shutterstock)

The outlook for bitcoin (BTC), the world’s largest cryptocurrency, is positive, and its price is expected to remain elevated in 2025, German lender Deutsche Bank (DB) said in a report Wednesday.

A more favorable regulatory and political backdrop in the U.S., growing institutional adoption, and looser Federal Reserve monetary policy, are all expected to support the cryptocurrency’s price, the report said.

The Trump administration’s support for crypto means the market’s current bull run should continue, and ongoing presidential backing is key for the “continuation of crypto’s golden era,” analyst Marion Laboure wrote.

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While President Trump didn’t sign any crypto-related executive orders on his first day in office, the announcement that the Securities and Exchange Commission’s (SEC) will develop a regulatory framework for digital assets is a first step towards an overhaul of the industry, the report said.

The appointment of Paul Atkins as SEC chair is also indicative of a “shift towards an innovation-friendly approach,” Deutsche Bank noted.

With the Markets in Crypto-Assets (MiCA) regulation coming into force in the EU in December, the European crypto market now enjoys increased legitimacy and security, the report added.

More clarity about the potential establishment of a U.S. bitcoin reserve could be forthcoming in the first quarter, the bank said.

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Read more: Bitcoin No Longer a Niche Investment as Institutional Adoption Takes Off: WisdomTree

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BitMEX Launches Chinese New Year Competition: Win a 188,888 USDT Prize Pool

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BitMEX Launches Chinese New Year Competition: Win a 188,888 USDT Prize Pool

Mahe, Seychelles, January 23rd, 2025, Chainwire

BitMEX, the OG crypto derivatives exchange, today launched the Slither to Success Trading Competition to kick off the Lunar New Year. Participants can compete for a share of 188,888 USDT. 

The competition will run from 23 January 2025 at 11:00 AM (UTC) to 16 February 2025 at 11:59 PM (UTC). Users can participate in the competition anytime during the campaign period.

Rewards will be distributed across three leaderboards:

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  • Highest Trading Volume: 70% of the total prize pool will be shared by the Top 50 Traders ranked by trading volume
  • Highest PnL: 15% of the total prize pool will be shared by the Top 50 Traders ranked by PnL
  • Highest ROI%: 15% of the total prize pool will be shared by the Top 50 Traders ranked by ROI%

Traders can compete for the highest trading volume, PnL, or ROI%, with each trader eligible to win rewards across all three leaderboards.

Bottom traders will also stand to benefit, with an opportunity for a 1,000 USDT bonus available to the bottom 5 traders with the highest loss in PnL. 

To participate in the Slither to Success Trading Competition, new customers must be fully verified on BitMEX. For full details and registration, users can visit here.

About BitMEX

BitMEX is the OG crypto derivatives exchange, providing professional crypto traders with a platform that caters to their needs through low latency, deep crypto native liquidity, and unmatched reliability.

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Since its founding, no cryptocurrency has been lost through intrusion or hacking, allowing BitMEX users to trade safely in the knowledge that their funds are secure. So too that they have access to the products and tools they require to be profitable. 

BitMEX was also one of the first exchanges to publish their on-chain Proof of Reserves and Proof of Liabilities data. The exchange continues to publish this data twice a week – providing assurance that they safely store and segregate the funds they are entrusted with. 

For more information on BitMEX, users can visit the BitMEX Blog or www.bitmex.com, and follow Telegram, Twitter, Discord, and its online communities. For further inquiries, users may contact press@bitmex.com.

ContactBitMEX PressBitMEXpress@bitmex.com

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Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

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American Airlines (AAL) 4Q 2024 earnings

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An American Airlines Boeing 787-8 Dreamliner departs from Los Angeles International Airport en route to Tokyo on September 19, 2024 in Los Angeles, California. 

Kevin Carter | Getty Images

American Airlines‘ first-quarter earnings outlook on Thursday fell short of analysts’ estimates, sending shares down roughly 10%.

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The carrier forecast an adjusted loss per share of 20 cents to 40 cents for the first three months of 2025 based on current demand trends and fuel-price forecast, a wider loss than the 4 cents analysts were expecting, according to LSEG.

The airline said it expects unit costs, excluding fuel, to rise in the low-single digit percentage points over the first quarter of 2024 driven by lower capacity, which it expects to fall as much as 2% over last year; a higher mix of smaller, regional-jet flying; and new labor agreements it finalized last year.

The earnings outlook contrasts with sunnier forecasts from rivals United and Delta earlier this month, though American’s full-year earnings forecast of between $1.70 and $2.70 is in line with analysts’ estimates.

American spent much of the last year reversing a business-travel sales strategy that backfired. However, it also sealed a new credit card deal with its partner Citi. Compensation from its existing deals with Citi and Barclays rose 17% from 2023 to $6.1 billion last year, American said.

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“As we look ahead to this year, American remains well-positioned because of the strength of our network, loyalty and co-branded credit card programs, fleet and operational reliability, and the tremendous work of our team,” CEO Robert Isom said in a news release.

Here is how American performed in the fourth quarter compared with Wall Street estimates compiled by LSEG:

  • Earnings per share: 86 cents adjusted vs. 64 cents
  • Revenue: $13.66 billion vs. $13.40 billion expected

American’s fourth-quarter profit rose to $590 million from $19 million on sales that were up 4.6% on the year to $13.66 billion. Both domestic and international revenue rose, led by a surge in trans-Pacific revenue.

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The Who’s Who of MAGA Influencers You Should Know About by Now

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The Who's Who of MAGA Influencers You Should Know About by Now

Over the weekend, I went to DC to meet with all of the right-wing influencers and content creators who made President Donald Trump’s 2024 win possible. They were everywhere.

The 2024 election was the influencer election and inauguration was no different: There were dozens of pre- and post-inaugural parties and balls this weekend, as well as the big event itself. Theo Von sat in front of Jake and Logan Paul under the Capitol rotunda (well, until the podcaster’s chair collapsed). Ben Shapiro, Matt Walsh, and Brett Cooper walked the Turning Point USA red carpet and posed for selfies with fans. Jessic Reed Kraus, writer of the HouseInhabit newsletter, hung out with Robert F. Kennedy Jr. at the Make America Healthy Again ball Monday night.

In August, I published a guide on the Republican and Democratic influencers shaping the 2024 election. The influencers and content creators still matter, and they will be communicating and guiding policy decisions for years to come.

Welcome to Trump 2.0, where these creators have the ears not only of their audiences but of the president as well. Here are some of the ones to keep an eye on over the next four years.

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This is an edition of the WIRED Politics Lab newsletter. Read previous newsletters here.

The Podcasters and Streamers

The 2024 election was the breakout cycle for podcasters in politics. Most of the shows Trump went on catered to the manosphere, a loose network of creators who push misogynistic, racist, and pro-male ideology online. This includes people like Joe Rogan, Andrew Schulz, the Paul brothers, and Adin Ross, who shared their Trump interviews with millions and millions of their fans. There’s a second branch too, made up of creators who have branded themselves as the intellectual wing of the modern Republican party, like Ben Shapiro, Dave Rubin, and Lex Fridman. Fridman’s YouTube podcast reaches millions of viewers every week. Shapiro’s show is one of the most popular ones on Spotify.

These podcasters have amplified Trump and his agenda with very little, if any, pushback. They will likely be key in rallying support for Trump administration decisions.

I spoke briefly with Shapiro on Sunday night, asking what comes next for the GOP and podcasting. “The power continues to grow,” he said. “Legacy media’s completely blown itself out. We’re focused on expanding, not only our brand, but there’s so many other brands that need expansion, I think that it’s gonna be a very rich time for the podcast industry.”

The Meme Pages

DC Draino, the Typical Liberal, RagingAmericans, and Snowflaketears are some of the largest pro-MAGA meme pages on Instagram. Combined, these accounts have over 6 million followers. They act as conduit between GOP leadership priorities and platforms like X and Instagram.

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Think of their accounts as news aggregators for people who otherwise may not be consuming it.

The Organizers

While the Democrats worked with influencers over the last election cycle too, no PAC or campaign organized them as effectively and efficiently as the right. Because of Turning Point USA and its leader, Charlie Kirk, many of the GOP’s most popular creators see each other at least a few times a year at the organization’s summits and trainings. According to interviews with some of the right’s top organizers, that infrastructure is only going to grow over the next four years. The organizers themselves have also become influencers to watch.

I wrote about an influencer party (and victory lap) hosted over Inauguration weekend that was put on by CJ Pearson and Raquel Debono. Pearson, a conservative creator with more than 500,000 X followers, cochairs the Republican National Committee’s youth advisory council. He’s played a key role in the party’s adoption of influencers and is planning additional trainings with organizations like the Heritage Foundation.

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Upbit, Bithumb compensate users after service outages during martial law

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Upbit and Bithumb will compensate investors $2.5 million after service outages caused by a surge in crypto activity during South Korea’s martial law declaration.

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