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‘Cast a vote, but don’t join a cult’ — Edward Snowden at Bitcoin 2024

The former National Security Agency contractor did not name any particular US or international lawmakers but warned many didn’t belong to the “tribe” of Bitcoiners.

Edward Snowden, the former National Security Agency contractor who has been in exile in Russia since 2013, warned attendees at the Bitcoin 2024 conference about politicians trying to woo them over crypto.

In a July 26 speech held virtually at the crypto conference, Snowden said many lawmakers were trying to earn the “love” of Bitcoiners, hinting at those attending the Nashville event. He did not explicitly refer to US or international politicians, though US Senators Bill Hagerty, Cynthia Lummis, and Tim Scott addressed attendees in different panels shortly before Snowden spoke.

“Cast a vote, but don’t join a cult,” said Snowden. “They are not our tribe. They are not your personality. They have their own interests, their own values, their own things they’re chasing. Try to get what you need from them, but don’t give yourself to them, even if you have to vote for them.”

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Ethereum Foundation wallet moves 92K ETH after 7 years

The Ether, worth roughly $290 million at the time of publication, had been at the same address since 2017.

A wallet associated with the Ethereum Foundation has transferred roughly $290 million in Ether after seven years of no movement.

According to data from blockchain analytics platform Arkham Intelligence, an address potentially connected to the Ethereum Foundation moved roughly 92,500 Ether (ETH) on July 25. According to Etherscan, the funds had not moved from the recipient address at the time of publication.

It’s unclear whether the Ethereum Foundation was responsible for moving the funds. Cointelegraph reached out to a spokesperson for comment but did not receive a response at the time of publication.

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Crypto think tank launches voting project to support ‘right candidates’

The Digital Future project did not endorse specific candidates or political parties, but its CEO ran as a Republican in a 2022 congressional campaign associated with FTX.

Michelle Bond, the CEO behind a crypto-focused think tank in Washington, DC and the partner of former FTX Digital Markets co-CEO Ryan Salame, announced the launch of an initiative “to boost voter registration and crypto education” in the United States.

In a July 24 notice, crypto think tank Digital Future said it would initially target US voters in Arizona, Nevada, Wisconsin, Minnesota, Georgia, Michigan, Pennsylvania, and North Carolina as part of Project Swing. According to Digital Future, the voter project aims to “activate support for pro-crypto candidates” ahead of the 2024 election season, which is already in full swing nationwide.

Bond said in an X post that the project would help “ensure the right candidates are elected” related to policies on financial freedom. Cointelegraph reached out to Digital Future for comment but did not receive a response at the time of publication.

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Cash App to shut down in the UK, citing focus on US market

Cash App, a popular mobile payment platform, will cease operations in the United Kingdom by September 15. Block, the fintech company behind Cash App, announced the closure on Thursday. The decision to withdraw from the UK market comes as part of Block’s strategy to prioritize its focus on the United States and deprioritize global expansion.

The post Cash App to shut down in the UK, citing focus on US market appeared first on Crypto Briefing.

Salvadoran Basic Goods Basket Rose to Historic Highs in June

Bitfarms calls October shareholder meeting amid attempted Riot takeover

Riot Platforms holds just under a 15% stake in Canadian mining firm Bitfarms and hopes to replace key board members with picks seeming favorable to its interests.

Cryptocurrency mining firm Bitfarms has scheduled a shareholder meeting in response to a request from Riot Platforms — the firm attempting a corporate takeover of Bitfarms.

In a July 12 notice, Bitfarms’ board said it would hold a shareholder meeting on Oct. 29 following claims Riot plans to “disrupt the strategic alternatives review process” the mining firm started. In May, Riot offered $950 million to acquire Bitfarms but has met resistance from the company, which is employing various tactics to impede the takeover.

After Bitfarms implemented a strategy to prevent Riot from acquiring a 15% or higher stake in the firm, Riot launched a campaign to replace three of the mining company’s board of directors with candidates seemingly friendly to its interests. Former Bitfarms CEO Geoffrey Morphy stepped down in May after filing a $27-million lawsuit against the firm. Nicolas Bonta acted as the interim CEO until Ben Gagnon’s appointment on July 8.

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