
Vance urges crypto industry to stay involved in politics as he touts Trump administration's record
Vice President JD Vance praised the cryptocurrency industry Wednesday and urged it to remain active in U.S. politics and policymaking, highlighting the Trump administration's close ties to a deep-pocketed industry that's become a powerful force in Washington.
Speaking at a bitcoin conference in Las Vegas, Vance urged the crypto executives and enthusiasts to keep pressure on Congress to pass pro-crypto legislation supported by the White House.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Time Business News
an hour ago
- Time Business News
A Comprehensive Guide to Deposit and Withdrawal Methods at 7XL
The 7XL platform offers a comprehensive suite of payment methods designed to accommodate the diverse preferences and needs of players worldwide. Each method provides unique advantages in terms of speed, convenience, and security, allowing users to choose the option that best suits their individual requirements. Credit and debit cards, particularly Visa and Mastercard, represent one of the most straightforward and widely recognized deposit methods available on the platform. The process is intuitive for most users, with funds typically appearing in the player's account almost immediately after transaction approval. This method provides maximum convenience, though it does require sharing card details with the platform's secure payment processing system. Digital wallet services such as Skrill, Neteller, and ecoPayz have become increasingly popular among online gaming enthusiasts. These services act as an intermediary between the user's bank account and the gaming platform, adding an essential layer of privacy and security. Since there's no need to expose sensitive financial details directly to 7XL, e-wallets provide peace of mind while maintaining instant deposit capabilities. For technologically oriented users, 7XL supports deposits via leading digital currencies including Bitcoin (BTC) and Ethereum (ETH). According to Coinbase, cryptocurrency transactions offer a high level of anonymity, relatively low transaction fees, and impressive speed. Funds become available for play after receiving the required number of confirmations on the blockchain network, a process that usually takes just a few minutes. While considered slower compared to modern alternatives, direct bank transfers remain a reliable and secure option for players who prefer traditional methods or need to deposit larger sums. These transactions benefit from the established security protocols of the banking industry. The withdrawal process at 7XL is designed for efficiency, though processing times vary significantly between different methods. Withdrawals to e-wallets typically represent the fastest option, with requests processed within 24 hours. Cryptocurrency withdrawals also offer high speed, with funds transferred to the user's digital wallet usually within a few hours. In contrast, withdrawals to credit cards or via bank transfer are subject to traditional banking system processing times and may take between 1 to 5 business days to complete. Understanding the fee structure is crucial for effective bankroll management. 7XL generally does not charge fees for deposits, though charges may apply from payment providers themselves, such as network fees in cryptocurrency transactions. For withdrawals, the platform may charge a small handling fee depending on the chosen method and withdrawal frequency. Players are strongly advised to consult the detailed and up-to-date fee table available on the 'Cashier' page of the 7XL website before conducting any financial transactions. As a regulated platform, 7XL maintains strict security processes in compliance with industry standards. An integral component of this security framework is the 'Know Your Customer' (KYC) process. Before processing the first withdrawal, players are typically required to verify their identity by uploading identification documents, such as a government-issued ID and proof of address. According to Financial Crimes Enforcement Network (FinCEN), these verification procedures are essential for preventing fraud, money laundering, and protecting player funds. While the process may seem comprehensive, completing verification in advance ensures smoother and faster processing of future withdrawals. The platform employs multiple layers of security to protect user data and financial transactions. This includes SSL encryption protocols that secure all data transmission between users and the platform, ensuring that sensitive information remains protected from unauthorized access. The 7XL platform provides a flexible and sophisticated financial ecosystem that empowers users to select deposit and withdrawal methods that align with their specific preferences and requirements. Understanding the distinctions between various options—including processing speeds, associated costs, and security levels—enables players to manage their funds efficiently while maintaining complete confidence in their financial activities. By making informed decisions about payment methods, users can ensure quick access to their funds and enjoy a seamless, worry-free gaming experience on the platform. Whether prioritizing speed, security, or convenience, 7XL's diverse payment portfolio accommodates every player's unique financial management needs. TIME BUSINESS NEWS
Yahoo
an hour ago
- Yahoo
Why Shares of GameStop Are Tanking Today
GameStop announced the company is raising more capital through convertible notes. The company appears to be following MicroStrategy with plans to start purchasing Bitcoin. The meme stock has struggled to find direction in its core video game business. 10 stocks we like better than GameStop › Shares of the video game retailer GameStop (NYSE: GME) had tanked roughly 19%, as of 10:18 a.m. ET today. The company announced plans to issue $1.75 billion in convertible notes for "general corporate purposes, including making investments in a manner consistent with GameStop's Investment Policy and potential acquisitions." While GameStop in its press release did not specifically say that it would use the proceeds of the offering to buy more Bitcoin, the world's largest cryptocurrency, many suspect this is the plan and GameStop's investment policy now includes purchasing more Bitcoin. The company earlier this year raised capital through convertible notes. In late May, GameStop then purchased over $500 million worth of Bitcoin. GameStop appears to be following in the footsteps of MicroStrategy, now doing business as Strategy. In 2020, MicroStrategy began purchasing tons of Bitcoin and the stock has generated tremendous returns since. Strategy now regularly taps the capital markets to raise funding that it can use to then buy more Bitcoin. GameStop was one of the original meme stocks in the craze that captivated markets in 2020 and 2021. However, the company's core business is still struggling. In the first quarter of 2025, GameStop reported nearly $45 million in profits, a significant year-over-year improvement, but revenue plunged 17%. The company still doesn't seem to have a sustainable long-term strategy, and as Wedbush analyst Michael Pachter recently said in a research note, the stock still trades at a higher premium to its cash than MicroStrategy trades to its Bitcoin holdings. Buying more Bitcoin may work if the price of Bitcoin keeps moving higher, but it also could lead to greater risk and volatility. Personally, if you like Bitcoin, I'd recommend just buying the asset itself and avoiding GameStop. Before you buy stock in GameStop, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and GameStop wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $657,871!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $875,479!* Now, it's worth noting Stock Advisor's total average return is 998% — a market-crushing outperformance compared to 174% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 9, 2025 Why Shares of GameStop Are Tanking Today was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data


Gizmodo
an hour ago
- Gizmodo
Wikipedia Tries to Calm Fury Over New AI-Generated Summaries Proposal
The denizens of the open web don't want anything to do with AI. The Wikimedia Foundation, the organization behind Wikipedia, made the unfortunate decision to announce the trial of a new AI-fueled article generator this week. The backlash from the site's editors was so swift and so vengeful that the organization quickly walked back its idea, announcing a temporary 'pause' of the new feature. A spokesperson on behalf of the Foundation—which is largely separate from the decentralized community of editors that populate the site with articles—explained last week that, in an effort to make wikis 'more accessible to readers globally through different projects around content discovery,' the organization planned to trial 'machine-generated, but editor moderated, simple summaries for readers.' Like many other organizations that have been plagued by new automated features, Wikipedia's rank and file were quick to anger over the experimental new tool. The responses, which are posted to the open web, are truly something to behold. 'What the hell? No, absolutely not,' said one editor. 'Not in any form or shape. Not on any device. Not on any version. I don't even know where to begin with everything that is wrong with this mindless PR hype stunt.' 'This will destroy whatever reputation for accuracy we currently have,' another editor said. 'People aren't going to read past the AI fluff to see what we really meant.' Yet another editor was even more vehement: 'Keep AI out of Wikipedia. That is all. WMF staffers looking to pad their resumes with AI-related projects need to be looking for new employers.' 'A truly ghastly idea,' said another. 'Since all WMF proposals steamroller on despite what the actual community says, I hope I will at least see the survey and that—unlike some WMF surveys—it includes one or more options to answer 'NO'.' 'Are y'all (by that, I mean WMF) trying to kill Wikipedia? Because this is a good step in that way,' another editor said. 'We're trying to keep AI out of Wikipedia, not have the powers that be force it on us and tell us we like it.' The forum is littered with countless other negative responses from editors who expressed a categorical rejection of the tool. Not long afterward, the organization paused the feature, 404 Media reported. 'The Wikimedia Foundation has been exploring ways to make Wikipedia and other Wikimedia projects more accessible to readers globally,' a Wikimedia Foundation spokesperson told 404 Media. 'This two-week, opt-in experiment was focused on making complex Wikipedia articles more accessible to people with different reading levels. For the purposes of this experiment, the summaries were generated by an open-weight Aya model by Cohere. It was meant to gauge interest in a feature like this, and to help us think about the right kind of community moderation systems to ensure humans remain central to deciding what information is shown on Wikipedia.'