Altcoin News Official Today TheBitTimes.com

Buried beneath yesterday’s tragedies was some groundbreaking financial news: the CFTC Chairman nominee and Head of Policy for a16z crypto, Brian Quintenz, posted personal messages from the Winklevii regarding whether or not he would support their whims once he became chairman.  The messages, which were lengthy and purposely vague, seem to ask Quintenz to “rectify what happened to [Gemini]” and implement “cultural reform” within the Commodity Futures Trading Commission (CFTC). Quintenz didn’t push back on these requests and implied that when it comes to the CFTC, he does “not have anything close to a full picture of what is going on inside.” Quintenz shared screenshots of his conversions with the Winklevoss twins yesterday on X. The publicly shared Signal messages call into question numerous possible issues with regulators and the industry billionaires they’re supposed to be monitoring. For instance, is it acceptable for Quintenz to be in a private ...

US President Donald Trump’s nominee for Commodity Futures Trading Commission (CFTC) Chair Brian Quintenz has accused Gemini co-founders Tyler and Cameron Winklevoss of undermining his confirmation. Quintenz was initially expected to fly through Senate confirmation with support from the broader crypto and financial industries. This all seemed to change when the Gemini co-founders wrote a letter to Trump that pressed him to reconsider. The White House subsequently halted a vote for unspecified reasons. Believing that the President may have been misled, Quintenz took to X to share a private exchange that took place between himself and the Winklevoss twins days before they sent the letter to Trump. Tyler Winklevoss Asked How Quintenz Would ‘Align With President Trump’ “I’ve never been inclined to release private messages,” he wrote on X. “But in light of my support for the President and belief that he might have been misled, I’ve posted he...

Despite cryptocurrency’s decentralized ideals, a select few hold vast amounts of Bitcoin, wielding outsized influence. Who owns the most Bitcoin, and how do these whales sway the market? It has been 15 years since the invention of Bitcoin (BTC), the cryptocurrency that kicked off what is now a multibillion-dollar digital asset industry. In that time, the coin has become one of the largest peer-to-peer (P2P) networks in terms of the total number of users. However, there have been concerns regarding Bitcoin’s centralized distribution, which seems counterintuitive to its original purpose. It is becoming increasingly clear that a small number of companies and individuals control the vast majority of Bitcoin’s current supply. These entities are often called “whales,” who, because of their massive holdings, can cause significant ripples across the BTC market. These whales often command attention from other market participants due to their outsized trading activity and c...