Election – Earlybirds Invest https://earlybirdsinvest.com Latest Crypto News Fri, 15 Aug 2025 15:13:36 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.8 https://i0.wp.com/earlybirdsinvest.com/wp-content/uploads/2024/12/cropped-New-Project-2024-12-17T235703.455.png?fit=32%2C32&ssl=1 Election – Earlybirds Invest https://earlybirdsinvest.com 32 32 240146708 Can Bitcoin improve election integrity? https://earlybirdsinvest.com/can-bitcoin-improve-election-integrity/ https://earlybirdsinvest.com/can-bitcoin-improve-election-integrity/#respond Fri, 15 Aug 2025 15:13:36 +0000 https://earlybirdsinvest.com/can-bitcoin-improve-election-integrity/

Can Bitcoin improve election integrity?

The adoption of Simple Proof, a Bitcoin-based time stamp system used by Georgia Screen County last year, shows notable advances in election security. A method that provides a record of tampering and independently verifiable results without revealing sensitive data, anchors the cryptographic hash of election documents in a distributed ledger of Bitcoin. In doing so, it ensures transparency, ensures protection against post-election change, and reduces reliance on vulnerable centralized systems. This approach reflects Simple Proof’s previous success in Guatemala’s 2023 presidential election. This is a process that protected more than 150,000 tally sheets amid political tensions and institutional mistrust, and was later recorded in an immutable democracy. In both cases, it shows that decentralized blockchain-based verification can increase trust in democratic processes. It serves as a scalable model to secure elections around the world and encourages broader reforms in public record management, but its global impact depends on the willingness of authorities to embrace transparency..

Can Bitcoin have an unchanging influence on democracy?

In November 2024, Screen County, Georgia became the first county in the United States to secure election results using the Bitcoin blockchain via Simple Proof’s Opentimestamps-based system. This approach involves encrypting the official results “hash”, creating a unique digital fingerprint, and embedding this into a Bitcoin transaction. This method confirms that the results existed in their original form at a particular time without revealing their content. By fixing the hash to Bitcoin’s decentralized, immutable ledger, the county has acquired verifiable and tampered records that all parties can independently confirm. This has been accomplished without requiring election officials to have specialized blockchain knowledge, demonstrating that such security measures can be implemented with minimal operational disruption.

Security benefits lie in the combination of transparency and confidentiality. The hash-only process ensures that anyone can see the document when it is recorded, while still maintaining the underlying data, such as voter roles and detailed results, remain private. This means attempting to modify a record after the timestamp is made detectable, making retroactive tampering virtually impossible without detection. Bitcoin ledgers are maintained by thousands of independent nodes around the world, so a single authority cannot modify or erase a proof. In the context of elections, this decentralized validation model reduces reliance on centralized IT systems that are more vulnerable to operational and system failures.

The system’s operations are based on established cryptographic structures such as the Merkle Tree, and can efficiently prove the existence of many documents using a single blockchain entry. For Screen County, this meant that all relevant election documents could be covered with one time stamp, providing a scalable way to protect large datasets. Anyone with the original file can later check that it has not been changed, comparing it with the hash fixed to the blockchain. This evidence ensures that the verification process does not depend on both simple evidence and county, and does not rely on continuing trust in any organization.

The broader importance of this approach lies in its potential to enhance democratic resilience. Elections rely on public trust, and if doubts about the integrity of the outcome cannot be answered, that trust will be eroded. By allowing citizens, journalists, or observers to ensure that official results are exactly the same as election night, the system provides a strong check on misinformation, contested outcomes, and politically motivated allegations. In an age of rising disinformation and technical threats to data integrity, anchoring election records to decentralized and permitted networks provides robust, independent and verifiable protection for one of the most important processes of democracy.

Are there any similarities to Simple Proof’s past efforts regarding the Guatemala election?

Guatemala’s 2023 presidential election marked a pivotal moment in the country’s struggle to maintain election integrity amidst political turbulence. The country faces deep trust issues in its voting system, particularly during the 2019 election, which caused widespread confusion and allegations of manipulation, as the official outcome system crashed on election night. These events, combined with broader regional trends of political actors making unconfirmed claims of fraud, erod public belief in democratic processes. By 2023, concerns over centralized and opaque election data processing had reached the point where tampered, verifiable solutions were urgently needed to prevent interference and restore reliability.

Simple Proof addressed this challenge by deploying an Opentimestamps-based system to protect digital tally sheets from all voting stations. Approximately 150,000 images of these paper records were hashed, creating their own encrypted fingerprints and pinned to the Bitcoin blockchain, providing an immutable record of their existence at certain times. This allows anyone with access to the original to detect attempts to modify the digital file after election night. Importantly, the system is an advanced digital operating technology that protects it from new vulnerabilities introduced by centralized IT systems and advanced digital operating technologies, while maintaining the transparency of Guatemala’s traditionally decentralized voting counting processes, and includes the potential misuse of artificial intelligence.

The impact of Simple Proof’s role in Guatemala has expanded beyond technical protection measures. The development occurred during a tense post-election period when a physical tally sheet was controversially seized by the Attorney General’s office, promoting protests and fears of political interference. As the blockchain anchor proof remains verifiable, independent observers and citizen groups were able to confirm that official results matched election night records, even in the face of institutional pressures. This resilience has been documented Unchanging democracyA short film that shows how Bitcoin-based decentralized technology was used to protect election transparency. The documentary not only highlighted the technical process, but also captured the social and political importance of maintaining verifiable truths in a contested democratic environment.

The similarities with Screven County’s recent adoption of simple evidence are impressive. In both cases, it includes communities seeking to strengthen public confidence in election outcomes through independently verifiable, tamperable records. In Guatemala, urgency was shaped by a history of contested outcomes and systematic vulnerability, but Screen County reflects positive steps to prevent such a crisis before it arises. In both contexts, the Bitcoin blockchain acts as a neutral, decentralized arbiter of truth, allowing citizens to see that official records have not been changed. Together, these implementations demonstrate that the same core principles of transparency, decentralization and public empowerment can be effectively applied across vastly different political situations and landscapes.

How can this affect political processes around the world?

By using open, decentralized ledgers such as Bitcoin to lock verifiable evidence of election data, governments can move towards models where the integrity of official results is no longer dependent on central authorities and their own systems. This makes it much more difficult for a single actor to manipulate records without detection, whether domestically or foreign. In doing so, this approach provides a universal standard for election verification. Election verification transcends differences in national infrastructure and can be independently verified by anyone with the necessary data.

The global impact is not only reducing the chances of fraud. In many democracies, realistic or perceived tampering often promoted political unrest, eroded trust in the institution, and even caused violence. If voters can independently confirm that no election results have changed from the moment they are confirmed, disputes over vote counting could be resolved at a higher speed and reliability. This helps to ease tensions during periods of political sensitivity, reduce the spread of misinformation and limit the ability of political actors to weaponize doubts about the legitimacy of elections for their own interests.

Such a model could also encourage broader reforms in public record management and enhance transparency in other areas of governance. The same blockchain timestamps used in election outcomes can be applied to legal judgments, legislative records, public spending data, and historical archives. This creates a durable tamper-proof audit trail that increases accountability well beyond the election cycle. Countries working on corruption, weak rule of law, or politically influenced judicial systems find tools to diversify trust with this technology, ensuring that certain classes of records are beyond the scope of political interference.

However, global influence ultimately depends on political will. As Guatemala’s experience shows, such systems are only effective when authorities allow and support transparency. Screven County’s model serves as a blueprint for democratic resilience, demonstrating that even small jurisdictions can pioneer technological protection measures with international relevance. By demonstrating that safe, citizen-verified election data is technically viable and operationally simple, it could encourage adoption in countries where confidence in political systems is strained, and reshaping expectations for election integrity around the world.

]]> https://earlybirdsinvest.com/can-bitcoin-improve-election-integrity/feed/ 0 53344 Ether crypto funds see $296M inflows in best week since Trump election https://earlybirdsinvest.com/ether-crypto-funds-see-296m-inflows-in-best-week-since-trump-election/ https://earlybirdsinvest.com/ether-crypto-funds-see-296m-inflows-in-best-week-since-trump-election/#respond Mon, 09 Jun 2025 10:40:57 +0000 https://earlybirdsinvest.com/ether-crypto-funds-see-296m-inflows-in-best-week-since-trump-election/

Ether-based investment products led inflows among cryptocurrency-based investment products last week, despite an overall slowdown in investor activity as markets await clarity from the US Federal Reserve.

Ether (ETH) exchange-traded products (ETPs) received $296 million of inflows last week, marking their best week since the 2024 election of US President Donald Trump, according to a Monday report from CoinShares.

Ether-based investment products now make up over 10.5% of the total assets under management (AUM) of all crypto-based ETPs.

This marked the seventh consecutive week of inflows for Ether ETPs and “a significant recovery in sentiment among investors,” CoinShares wrote in the report.

Crypto flows by assets. Source: CoinShares

“ETH is likely to range between $2,400–$2,800, with trade tensions and deflationary pressures limiting gains,” said Ryan Lee, chief analyst at Bitget Research.

“Network upgrades and ETF inflows could support a push toward $2,700, though a broader market sell-off may test $2,300 support,” he told Cointelegraph.

Related: The Blockchain Group to raise $340M for Bitcoin treasury

Fed uncertainty weighs on Bitcoin

Across all digital asset investment products, weekly inflows reached $286 million, pushing the seven-week total to more than $11 billion. However, Bitcoin (BTC) funds saw $56 million in outflows, a second straight week of net losses.

CoinShares attributed the deceleration in Bitcoin inflows to investor caution ahead of the Federal Open Market Committee’s (FOMC) next interest rate decision on June 18. Investors have adopted a “wait-and-see stance ahead of further signals from the US Federal Reserve on inflation,” the report said.

Fed target interest rate probabilities. Source: CME Group’s FedWatch tool

Markets are currently pricing in a 99.9% chance that the Fed will keep interest rates steady during the next FOMC meeting, according to the latest estimates of the CME Group’s FedWatch tool.

Related: Stablecoin legislation to drive Bitcoin market cycle in 2025: Finance Redefined

The first interest rate cut of the year may provide the next catalyst for the Bitcoin price, according to Alice Li, investment partner and head of US at crypto venture capital firm Foresight Ventures.

“I’m a strong believer in Bitcoin and the crypto market. So I think Bitcoin could go to at least $150,000 in this cycle,” said Li, speaking during Cointelegraph’s Chain Reaction X Spaces show on Tuesday.

Source: Cointelegraph

Meanwhile, crypto venture capital deals have slowed to just 62 investment rounds in May, marking their lowest monthly count of 2025, resulting in $909 million raised for the industry.

Magazine: Bitcoin $200K ‘obvious’ breakout, GameStop’s first BTC buy: Hodler’s Digest, May 25 – 31

]]> https://earlybirdsinvest.com/ether-crypto-funds-see-296m-inflows-in-best-week-since-trump-election/feed/ 0 41015 South Korea Sees First Institutional Crypto Sale Ahead Of Presidential Election – Details https://earlybirdsinvest.com/south-korea-sees-first-institutional-crypto-sale-ahead-of-presidential-election-details/ https://earlybirdsinvest.com/south-korea-sees-first-institutional-crypto-sale-ahead-of-presidential-election-details/#respond Tue, 03 Jun 2025 04:40:29 +0000 https://earlybirdsinvest.com/south-korea-sees-first-institutional-crypto-sale-ahead-of-presidential-election-details/

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

South Korea saw its first institutional digital assets sale following the start of its ban lift on institutional crypto transactions. The positive development came two days before the snap presidential elections, scheduled for June 3, 2025.

First Institutional Crypto Sale In South Korea

On Sunday, South Korean non-profit organization World Vision made the first digital assets sale by an institution in the country. In a statement from Dunamu, Upbit’s parent company, the crypto exchange announced that it had supported the historical first sale of 0.55 Ether (ETH) by a corporation for 1.98 million won, equivalent to $1,437.

Starting June 1, 2025, non-profit organizations, including charities and universities, are permitted to sell crypto holdings through local exchanges as part of the Financial Services Commission (FSC) roadmap for corporate participation in the digital asset market.

In February, the FSC’s Virtual Asset Committee announced it would gradually lift its ban on institutional investment in digital assets by allowing the creation of real-name accounts for institutions, starting with non-profits in Q2 2025.

In South Korea, real-name accounts are required for crypto investments, with only the accounts that have completed this verification under the Specified Financial Transaction Information Act being allowed to invest in digital assets. Nonetheless, the FSC had guided banks not to issue these accounts to corporations, limiting institutional crypto trading despite the absence of legal barriers or official bans.

As Dunamu revealed, World Vision was able to connect its K Bank corporate account to its Upbit account and successfully sold the Ethereum received as donations three months ago through the exchange’s KRW market.

Dunamu and the non-profit conducted a digital assets donation campaign in March, targeting Upbit users to purchase school uniforms, backpacks, and other essential items needed for the new school year for vulnerable teenagers who struggle to afford them.

Upbit’s parent company revealed its plan to continue supporting non-profit organizations to sell their digital assets received as donations while “adhering to guidelines established by financial authorities and the industry to establish a healthy virtual asset donation culture.”

Additionally, it announced it is preparing for the second phase of FSC’s roadmap, where qualified publicly traded companies and professional investors will be allowed to access the digital asset market in Q3 2025.

A New Era For Digital Assets?

This key development for the South Korean crypto industry will be followed by the June 3 snap presidential election to replace impeached president Yoon Suk-yeol, who attempted to declare martial law in December 2024.

Despite the outcome, digital asset investors in the country are expected to benefit, as the two major candidates vowed to implement industry-friendly policies to capture the nearly 18 million people who invest in digital assets in South Korea.

As reported by Bitcoinist, the People Power Party (PPP) candidate, Kim Moon-soo, announced he will allow spot crypto Exchange-Traded Funds (ETFs) if he wins. Kim vowed to push for approval of digital asset-based investment products and other financial policies to increase the wealth accumulation of the middle class.

Kim’s camp cited the increasing number of digital asset investors in the younger generations as a decisive factor for incorporating spot ETFs and the institutionalization of digital assets into the pledges’ list.

Meanwhile, the Democratic Party of Korea (DPK) candidate, Lee Jae-myung, also pledged to introduce spot crypto ETFs and lower digital assets transaction taxes in the country.

Lee promised to “create a safe virtual asset investment environment by establishing an integrated surveillance system” and “expand the cryptocurrency market while simultaneously strengthening investor protection.”

Crypto, Ethereum, ETH, ETHUSDT

Ethereum's performance in the one-week chart. Source: ETHUSDT on TradingView

Featured Image from Unsplash.com, Chart from TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.

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Telegram founder ‘flatly refused’ to censor political content ahead of Romanian election https://earlybirdsinvest.com/telegram-founder-flatly-refused-to-censor-political-content-ahead-of-romanian-election/ https://earlybirdsinvest.com/telegram-founder-flatly-refused-to-censor-political-content-ahead-of-romanian-election/#respond Mon, 19 May 2025 01:36:49 +0000 https://earlybirdsinvest.com/telegram-founder-flatly-refused-to-censor-political-content-ahead-of-romanian-election/

Social media platform Telegram founder Pavel Durov said he “flatly refused” the request of a Western European government to censor conservative political content. In a Telegram post on May 18, Durove wrote:

“Telegram will not restrict the freedoms of Romanian users or block their political channels.”

The demand for censorship came ahead of today’s scheduled Romanian presidential elections. Nicusor Dan, a mathematician turned liberal mayor of Bucharest, defeated right-wing nationalist opponent George Simion today to become the President of Romania.

Allegations of interference against France

In his post, Durov did not explicitly name the country that asked for the censorship. However, he hinted at it with a baguette emoji, understandably pointing to France. Durov wrote:

“You can’t “defend democracy” by destroying democracy. You can’t “fight election interference” by interfering with elections. You either have freedom of speech and fair elections — or you don’t. And the Romanian people deserve both.”

According to a BBC report, however, France claimed that the allegations of interference were “completely unfounded.” This prompted Durov to openly name France and its representative who placed the request.

In a later X post, Durov stated that he met with Nicolas Lerner, head of French intelligence, at the Salon des Batailles in the Hôtel de Crillon. At the meeting, Lerner asked Durov to “ban” conservative political content on Telegram ahead of the Romanian elections.

Durov added that Telegram did not impinge on the rights of protestors in Russia, Belarus, or Iran, and “won’t start doing it in Europe.”

After Dan’s victory, French Prime Minister Emmanuel Macron, in an X post, announced that he had called and congratulated Dan, but did not deny that attempts to manipulate the election results had existed. While pledging France’s support, Macron wrote:

“Despite numerous attempts at manipulation, Romanians tonight chose democracy, the rule of law, and the European Union.”

Durov gained limelight after his arrest in France last year

After French authorities arrested Durov in August 2024, he gained prominence in the crypto community that valued his stance on free speech, privacy, and individual liberties. French prosecutors charged Durov with being complicit in the facilitation of crimes like child pornography and drug trafficking through Telegram.

The crypto community condemned the arrest in an open letter and accused the French government of violating human rights. The next day, Durov was granted a €5 million bail and placed under judicial supervision. In March, a French court granted Durov’s request to modify his bail conditions, allowing him several weeks of leave to visit Dubai.

 

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The Republican attempt to steal the North Carolina Supreme Court election, explained https://earlybirdsinvest.com/the-republican-attempt-to-steal-the-north-carolina-supreme-court-election-explained/ https://earlybirdsinvest.com/the-republican-attempt-to-steal-the-north-carolina-supreme-court-election-explained/#respond Wed, 07 May 2025 16:36:24 +0000 https://earlybirdsinvest.com/the-republican-attempt-to-steal-the-north-carolina-supreme-court-election-explained/

Editor’s note: Following a loss in federal court, Judge Jefferson Griffin ended his legal battle to unseat North Carolina Supreme Court Justice Allison Riggs on May 7. The story that follows was originally published April 14.

On Friday, four Republican members of the North Carolina Supreme Court issued an order attempting to disenfranchise more than 5,000 of the state’s voters. This order is part of an ongoing effort by Judge Jefferson Griffin, a Republican and the losing candidate in a recent state supreme court race, to overturn Democratic state Supreme Court Justice Allison Riggs’s reelection in that race.

Four of the state’s Republican justices, in other words, are attempting to unseat one of their own Democratic colleagues and replace her with the Republican who lost his bid to unseat her.

Riggs’s victory over Griffin was very close, which is why canceling several thousand votes may be enough to change the result of this election. By official tallies, Riggs beat Griffin by just 734 votes.

Griffin’s attempt to steal this election closely resembles an even more famous court case about a contested election: Bush v. Gore (2000). Bush addressed the nail-bitingly close 2000 presidential election in Florida. Initial tallies showed Republican George W. Bush with just a 537-vote lead, and whoever prevailed in Florida would also win a term in the White House.

Democrat Al Gore, meanwhile, sought a recount of some Florida ballots in the hopes that this recount would push him over the top. But we’ll never know if Bush or Gore was the proper winner of the 2000 presidential election because the Supreme Court effectively halted that recount in Bush.

The stunning thing about the North Carolina Supreme Court’s recent decision, in a case known as Griffin v. North Carolina State Board of Electors, is that the four Republican justices behind that decision somehow managed to recreate the exact same constitutional violation that drove the Supreme Court to shut down the recount in Bush.

That’s not easy to do. One reason why Bush is widely criticized as a partisan decision is that the five justices in the majority went to great pains to limit their decision to the “present circumstances” before the Court — implying that Bush’s victory was a good-for-this-ride-only decision involving facts that are unlikely to arise again. But now they have arisen in the Griffin case.

The specific legal violation identified in Bush v. Gore was that the Florida Supreme Court ordered just three counties — counties that tended to favor Democrats — to recount their ballots, a problem exacerbated by the fact that each of these three counties used different procedures to conduct this recount. A majority of the justices concluded that this piecemeal procedure was not allowed and the state supreme court had an obligation to “assure uniformity” of election rules throughout the state.

In Griffin, meanwhile, the four Republican justices ordered voters disenfranchised in just four North Carolina counties — all of which favor Democrats — while leaving similarly situated voters in other counties untouched. That’s the exact same thing the Florida Supreme Court did in Bush. A state supreme court cannot apply non-uniform rules after an election has already happened.

For the moment, the state supreme court’s attempt to steal Riggs’s seat is on hold — a federal judge issued a temporary order forbidding the state from certifying the result of the election until after this case is fully litigated in federal court. But under Bush, there’s only one conclusion the federal courts should reach in this case: that North Carolina’s Supreme Court cannot selectively toss out ballots.

Which voters are being disenfranchised?

Griffin primarily involves military and overseas voters who cast their ballot using either an online or paper form permitting them to vote absentee. Though North Carolina state law generally requires voters to show a photo ID before they can vote, the state’s administrative code provides that military and overseas voters are “not required to submit a photocopy of acceptable photo identification” when they cast their ballot.

Indeed, according to lawyers representing several voters the state supreme court is attempting to disenfranchise, it was impossible for military and overseas voters to submit a copy of their ID even if they wanted to. Many of these voters cast their ballot using an online portal maintained by the state, but that portal neither asked voters to provide ID nor “[provided them] with a means of doing so.”

Nevertheless, a majority of the state supreme court ruled on Friday that these voters’ ballots are presumptively invalid because they did not comply with a different provision of state law that requires the state to establish rules governing the use of ID by absentee voters. The state supreme court’s decision does allow these voters to “cure deficiencies arising from lack of photo identification” within 30 days, but it is unclear how this curing process will even work.

The state’s decision to hold an election under one set of rules and then change those rules after the election in just four Democratic counties violates the Constitution in at least two ways.

The first is that several federal appeals courts have ruled against states that attempted to retroactively change their election rules after an election took place. In Griffin v. Burns (1978), for example, the United States Court of Appeals for the First Circuit ruled that the Rhode Island Supreme Court could not toss out a stack of ballots “after the results of the election were in,” pointing to the fact that the state’s top elections official had previously “advertised, issued, and sanctioned” the ballot forms that the state supreme court later tried to invalidate.

The Supreme Court has not yet ruled on whether a state can retroactively change its election procedures, so it is possible that the justices will break with these appeals court decisions.

The second constitutional violation arises under Bush. And because Bush was a decision of the Supreme Court of the United States, its rule clearly should apply to the dispute between Riggs and Griffin.

Under Bush, the North Carolina Supreme Court might have been allowed to disenfranchise military and overseas voters throughout the state. But it cannot disenfranchise these voters in just four Democratic counties while counting military and overseas ballots elsewhere. Again, Bush said state supreme courts must “assure uniformity” when they announce a new election rule after the election has already happened.

The good news for Riggs is that the Fourth Circuit, the appeals court that oversees North Carolina, has a 9-6 Democratic majority among its active judges. So that court is unlikely to tolerate the state supreme court’s violation of the Constitution. It remains to be seen, however, whether the GOP-controlled US Supreme Court decides to get involved in this case. If it does, it is difficult to predict how it might rule.

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CFTC drops appeals in calsi election betting case https://earlybirdsinvest.com/cftc-drops-appeals-in-calsi-election-betting-case/ https://earlybirdsinvest.com/cftc-drops-appeals-in-calsi-election-betting-case/#respond Tue, 06 May 2025 20:24:39 +0000 https://earlybirdsinvest.com/cftc-drops-appeals-in-calsi-election-betting-case/

The US Commodity Futures Trade Commission (CFTC) dropped its appeal in a lawsuit against Calci, a New York-based forecast market, ultimately clearing the path the platform offers political event contracts, according to a court filing Monday.

Under the terms of the voluntary dismissal claim, which is still subject to court approval, the parties pay their own legal fees and Karshi waives their right to sue the CFTC for the sake of lawsuit.

“Today is historic. We have always believed in doing things the right way, no matter how painful or difficult it may be. This result is evidence of that.” “Karchi’s approach has officially and decisively secured the future of the American forecast market.”

Karshi’s fight with the CFTC began in 2023, when regulators denied Karshi’s plan to bet on which parties will control the council’s meeting room. At the time of denial, the CFTC subsequently argued that, under the guidance of former chairman Rostin Behnham – such a contract relates to an illegal game and “contrary to the public interest.”

That November, Karshi sued the CFTC in Washington, D.C., claiming that the CFTC tried to block the contract and exceeded its authority when asking the judge to make a decision. The court upheld the calci side in September 2024, clearing up the way the platform lists political contracts.

Shortly after losing the case, the CFTC scrambled to rescind the district judge’s decision. It applied for a 14-day stay for orders – essentially a two-week delay on Karshi’s ability to list contracts while the CFTC prepares for appeals – and was denied. He then filed an appeal and repeated many of the same arguments that he used in the original defense.

However, immediately after oral debate in early January, US President Donald Trump took office. His eldest son, Don Jr., joined Karshi as a strategic advisor on January 13th. CFTC general advisor Rob Schwartz, the CFTC, at the time the appeal was filed, left the agency in April after withdrawing from the lawsuit in March.

Under the leadership of acting chair Caroline Femme, the agency has changed its approach to cryptography, reducing several crypto-related guidance and reducing the number of one-type enforcement task forces to just two to simplify regulations and enforcement of the crypto industry.

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New York Eyes Blockchain to Boost Election Data Security https://earlybirdsinvest.com/new-york-eyes-blockchain-to-boost-election-data-security/ https://earlybirdsinvest.com/new-york-eyes-blockchain-to-boost-election-data-security/#respond Thu, 10 Apr 2025 02:52:00 +0000 https://earlybirdsinvest.com/new-york-eyes-blockchain-to-boost-election-data-security/

New York lawmakers are reviewing a new proposal that could bring blockchain into the state’s election system.

Assemblymember Clyde Vanel (D-33) introduced Assembly Bill A7716 to explore how the technology might be used to protect voter records and election results.

The bill is currently with the Assembly Election Law Committee. It asks the New York State Board of Elections to study the use of blockchain and deliver a full report within 12 months if the bill becomes law.

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The goal of the report is to look at whether blockchain can help make elections more secure and reliable. The proposal describes blockchain as a shared digital record that cannot be changed and can be checked by anyone. Supporters believe this could help reduce the risk of tampering or errors in voting data.

To complete the report, the Board of Elections would need to work with the Office of Information Technology Services and bring in experts in blockchain, cybersecurity, and election systems. They would also be asked to look at how other states and countries have used the technology in similar ways.

The bill would need to pass the full Assembly, then the Senate, and finally be approved by the governor. If that happens, the Board of Elections would be required to carry out the study and publish its findings.

Meanwhile, A US House committee approved the central bank digital currency (CBDC) Anti-Surveillance State Act. What does the bill entail? Read the full story.

Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.


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DeFi TVL drops by $45B, erasing gains since Trump election https://earlybirdsinvest.com/defi-tvl-drops-by-45b-erasing-gains-since-trump-election/ https://earlybirdsinvest.com/defi-tvl-drops-by-45b-erasing-gains-since-trump-election/#respond Mon, 10 Mar 2025 14:11:46 +0000 https://earlybirdsinvest.com/defi-tvl-drops-by-45b-erasing-gains-since-trump-election/

The total value of cryptocurrencies locked (TVL) in decentralized finance (DeFi) protocols has lost all its gains since Donald Trump was elected the US President in November 2024.

Since the US election, DeFi TVL rose to as high as $138 billion on Dec. 17 but has retracted to $92.6 billion by March 10, as noted by analyst Miles Deutscher.

Solana has borne the brunt of criticism as its memecoin popularity faded, but Ethereum has faced its own challenges in recent cycles, failing to reach a new all-time high while Bitcoin soared past $109,000 on Jan. 20, the day Trump took office. Ethereum’s TVL has dropped by $45 billion from cycle highs, DefiLlama data shows.

Cryptocurrencies, Bitcoin Price, Cryptocurrency Exchange, Decentralized Exchange, Market Analysis, Ether Price

Source: Miles Deutscher

Ether’s (ETH) record high price of $4,787 from November 2021 remains unbroken despite positive industry developments, such as spot exchange-traded funds (ETFs) launching in the US and Trump’s executive order for a strategic Bitcoin reserve.

Related: Bitcoin risks weekly close below $82K on US BTC reserve disappointment

Ethereum’s $1.8 billion weekly net exchange outflow

Nearly 800,000 Ether, worth approximately $1.8 billion, left exchanges in the week starting March 3, resulting in the highest seven-day net outflow recorded since December 2022, according to IntoTheBlock data.

The outflows are unusual given Ethereum’s 10% price decline during the period, hitting a low of $2,007, per CoinGecko. Typically, exchange inflows signal selling pressure, while outflows suggest long-term holding or movement into decentralized finance (DeFi) applications, such as staking or yield farming.

“Despite ongoing pessimism around Ether prices, this trend suggests many holders see current levels as a strategic buying opportunity,” IntoTheBlock stated in a March 10 X post.

Before March 3, Ethereum experienced net exchange inflows daily, indicating that investors were selling during the downturn, said Juan Pellicer, senior research analyst at IntoTheBlock, in comments to Cointelegraph. He noted that ETH’s drop to $2,100 may have triggered accumulation, which then led investors to withdraw funds from exchanges.

Pectra upgrade meets own roadbumps

Ethereum’s rollup-centric roadmap has reduced congestion and gas fees but introduced liquidity fragmentation.

The upcoming Pectra upgrade aims to address this by enhancing layer 2 efficiency and interoperability. By doubling the number of blobs, it reduces transaction costs and helps consolidate liquidity. Additionally, account abstraction allows smart contract wallets to function more seamlessly across Ethereum and layer-2 networks, simplifying bridging and fund management.

The Pectra upgrade rollout encountered setbacks on March 5 when it launched on the Sepolia testnet. Ethereum developer Marius van der Wijden reported errors on Geth nodes and empty blocks being mined due to a deposit contract triggering an incorrect event type. A fix has been deployed.

Magazine: Pectra hard fork explained — Will it get Ethereum back on track?

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