Bolivian President-elect Rodrigo Paz plans to use blockchain for public procurement and include crypto in asset declarations for a new fund. Bolivian President-elect Rodrigo Paz plans to tackle corruption in his country’s government using blockchain technology. The Associated Press reported Monday that Paz defeated rival Jorge Quiroga 54.5% to 45.5% and is set to take office on Nov. 8. Paz won Sunday’s runoff on a centrist, pro-market message and inherits an economy strained by fuel shortages and a US dollar squeeze, according to the AP. For crypto observers, Paz’s government plan includes two concrete proposals related to digital assets and blockchain. The first is a plan to use blockchain and smart contracts in public procurement. The Partido Demócrata Cristiano’s official 2025 government platform program pledges the application of blockchain technologies and the use of smart contracts to remove discretion from state purchasing. The proposal aims to tackle corruption in state purchasing by automating some c...
After its latest modest purchase, Michael Saylor’s Strategy has 59,582 BTC to go before hitting 700,000 BTC on its balance sheet. Michael Saylor’s Strategy, the world’s largest public Bitcoin holder, added to its BTC stash last week amid another market sell-off following the Black Friday crypto crash. Strategy acquired 168 Bitcoin (BTC) for $18.8 million last week, according to data published by Strategy on X on Monday. The latest Bitcoin acquisition was made at an average price of $112,051, though Bitcoin slipped below $104,000 on Friday amid the shockwaves of the market crash on Oct. 10, according to Coinbase data. Read more
James Craig and Louis Giles’ new film “Code Is Law” examines infamous crypto hacks and the moral reckoning used by the perpetrators. “A world where ‘the market’ runs free and the ‘evil’ of government is defeated would be, for them, a world of perfect freedom.” — Lawrence Lessig, Code: Version 2.0 Recently, I got the chance to watch a preview of James Craig’s upcoming documentary “Code is Law.” The film, which debuts on Oct. 21 on Apple TV+, Amazon Prime Video, and YouTube Movies, tells two distinct but related stories of crypto hacks: the people involved and the ethos of the perpetrators. Its position is clear, but the question deserves a deeper investigation. If code is not law, should it be? After the 2014 Mt. Gox hack, the first hack explored in “Code is Law,” the DAO hack is probably the most famous in crypto’s history. The DAO was the first decentralized autonomous organization, becoming an eponym in the process. In 2016, when Ethereum was still young, it was one of the first decentralized applications t...
Brain-computer interfaces like Neuralink concentrate mental control in corporate hands. Decentralized science offers shared governance over neural data. Opinion by: Andreas Melhede, co-founder of Elata Biosciences Neuralink’s first-ever brain implant is turning science fiction into reality. It’s a coin-sized device with hair-thin electrode threads that a surgical robot weaves into the brain’s cortex to read and send neuron signals. These signals are then transmitted wirelessly to a computer, allowing the person wearing the implant to perform actions without needing to move. Elon Musk, Neuralink’s founder, once highlighted that the company will “give people superpowers.” Silicon Valley’s vision of a direct brain-computer interface (BCI) sounds exciting. Designed to help people with severe paralysis, Neuralink’s implant allows people to move a cursor, type, or even control a robotic limb using their thoughts alone. Read more
The Floki memecoin jumped almost 29% after Elon Musk posted a video of his Shiba Inu dog working as “CEO” of the social media platform X. American entrepreneur Elon Musk triggered a short-term rally in the memecoin market after posting a playful message on his social media platform X. On Monday, Musk shared a post saying that Floki, his pet Shiba Inu dog, was “back on the job” as the CEO of X. The post was accompanied by an AI-generated video of his dog sitting at a desk, donning a tie and glasses, saying “Numbers, numbers, numbers, numbers? Is this working? Yay.” CoinGecko data showed that on Monday, the Floki (FLOKI) memecoin’s price bounced from a low of $0.00006572 to a high of $0.00008469 after Musk’s post, a 28.8% increase. At the time of writing, the asset had corrected to $0.00007998. Read more
XRP showed renewed strength after weeks of declines, emerging as one of day’s top performers among major cryptocurrencies. Key takeaways: The number of XRP whale addresses hit record highs of 317,500, indicating accumulation. XRP price must first break the $2.59 resistance for a chance to regain $3. Read more