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Showing posts with the label politics

Donald Trump wants close to 1 bitcoin a photo at Bitcoin 2024

It will cost you almost one bitcoin to take a photo with Donald Trump at this weekend’s Bitcoin conference. Trump is charging attendees of the year’s biggest Bitcoin event $60,000 — about 89% of the current price of an entire coin — to be snapped alongside him. If you’re a couple looking for a photograph with the former president, you’ll have to stump up $100,000. At the time of his original announcement, $60,000 was more than a single bitcoin. Trump’s ability to charge these outlandish sums reflects not only his fame but also the substantial demand for attending waypoints along his presidential campaign trail.  The Bitcoin 2024 conference has earned increased coverage after a recent assassination attempt left Trump with a bloody ear and bystander Corey Comperatore dead.  VIP passes for the event have sold out for all tiers below $16,590 and Trump is charging $844,600 for a conference roundtable reservation . Security at the conference will be heig...

UK Treasury drops plans for Royal Mint NFT

The Economic Secretary of the Treasury told Parliament has confirmed the project has been put on the back burner, but will “keep this proposal under review.” The United Kingdom has shelved plans to launch a government-backed “ NFT for Britain,” which was initially proposed by crypto-friendly Prime Minister Rishi Sunak. While serving as chancellor of the Exchequer, the equivalent of a chief financial minister, Sunak asked the Royal Mint in April 2022 to create an " NFT for Britain" as part of the government’s “ambition to make the UK a global hub for crypto-asset technology and investment.” Chancellor @RishiSunak has asked @RoyalMintUK to create an NFT to be issued by the summer. This decision shows the the forward-looking approach we are determined to take towards cryptoassets in the UK. pic.twitter.com/cd0tiailBK — HM Treasury (@hmtreasury) April 4, 2022 The project was meant to be launched by the summer of 2022, but has ultimately failed to meet the deadline. Asked by t...