Latest news with #Blockworks
Business Times
26-06-2025
- Business
- Business Times
Trump-backed crypto firm is planning stablecoin audit, new app
[NEW YORK] Zak Folkman, the co-founder of US President Donald Trump's cryptocurrency platform World Liberty Financial (WLF), said on Wednesday (Jun 25) that the company will issue an audit of its stablecoin 'within days' and that it planned a new app. Folkman also hinted that WLF's governance token, known as WLFI, could soon become tradable in an interview at the Permissionless conference on Wednesday, organised by crypto media company Blockworks in Brooklyn, New York. WLFI, which was launched two months before the US presidential election in November by Trump and his business partners, has yielded hundreds of millions of US dollars in revenue for the Republican president's family business. The business, along with other forays into crypto, has drawn a barrage of criticism from Democratic lawmakers, as well as government ethics watchdogs. Critics say it creates conflicts of interest as it is happening at the same time as the president is pulling back enforcement and easing regulations on the industry. The Trump Organization said in January that the president's investments, assets and business interests would be held in a trust managed by his children. The White House and the Trump Organization did not immediately respond to requests for comment. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up World Liberty has raised the money by selling so-called governance tokens, which give holders the right to vote on changes to the project's underlying code and to signal their opinion on its direction and plans. They cannot be traded. During the interview on Wednesday, when Blockworks co-founder Jason Yanowitz asked whether the token would become tradable, Folkman said: 'I don't want to give away too much, but if you pay attention over the next couple of weeks, I think everyone ... is going to be very, very happy.' Folkman said that WLF would also be launching an app that would make crypto seamless for everyday investors to use. He said the company's stablecoin recently just got its first attestation report from an accounting firm and that it would be posted on its website 'within the next few days'. 'We are going to have very transparent auditing from a financial level,' he said. REUTERS
Yahoo
25-06-2025
- Business
- Yahoo
Trump-backed crypto firm is planning stablecoin audit, new app
By Michelle Conlin (Reuters) -Zak Folkman, the co-founder of U.S. President Donald Trump's cryptocurrency platform World Liberty Financial, said on Wednesday that the company will issue an audit of its stablecoin "within days" and that it planned a new app. Folkman also hinted that WLF's governance token, known as WLFI, could soon become tradable in an interview at the Permissionless conference on Wednesday, organized by crypto media company Blockworks in Brooklyn, New York. WLFI, which was launched two months before the U.S. presidential election in November by Trump and his business partners, has yielded hundreds of millions of dollars in revenue for the Republican president's family business. The business, along with other forays into crypto, has drawn a barrage of criticism from Democratic lawmakers, as well as government ethics watchdogs. Critics say it creates conflicts of interest as it is happening at the same time as the president is pulling back enforcement and easing regulations on the industry. The Trump Organization said in January that the president's investments, assets and business interests would be held in a trust managed by his children. The White House and the Trump Organization did not immediately respond to requests for comment. World Liberty has raised the money by selling so-called governance tokens, which give holders the right to vote on changes to the project's underlying code and to signal their opinion on its direction and plans. They cannot be traded. During the interview on Wednesday, when Blockworks co-founder Jason Yanowitz asked whether the token would become tradable, Folkman said, "I don't want to give away too much, but if you pay attention over the next couple of weeks, I think everyone ... is going to be very, very happy." Folkman said WLF would also be launching an app that would make crypto seamless for everyday investors to use. He said the company's stablecoin recently just got its first attestation report from an accounting firm and that it would be posted on its website "within the next few days." "We're going to have very transparent auditing from a financial level," he said. (Michelle Conlin in New YorkEditing by Marguerita Choy)
Yahoo
25-06-2025
- Business
- Yahoo
Trump-backed crypto firm is planning stablecoin audit, new app
By Michelle Conlin (Reuters) -Zak Folkman, the co-founder of U.S. President Donald Trump's cryptocurrency platform World Liberty Financial, said on Wednesday that the company will issue an audit of its stablecoin "within days" and that it planned a new app. Folkman also hinted that WLF's governance token, known as WLFI, could soon become tradable in an interview at the Permissionless conference on Wednesday, organized by crypto media company Blockworks in Brooklyn, New York. WLFI, which was launched two months before the U.S. presidential election in November by Trump and his business partners, has yielded hundreds of millions of dollars in revenue for the Republican president's family business. The business, along with other forays into crypto, has drawn a barrage of criticism from Democratic lawmakers, as well as government ethics watchdogs. Critics say it creates conflicts of interest as it is happening at the same time as the president is pulling back enforcement and easing regulations on the industry. The Trump Organization said in January that the president's investments, assets and business interests would be held in a trust managed by his children. The White House and the Trump Organization did not immediately respond to requests for comment. World Liberty has raised the money by selling so-called governance tokens, which give holders the right to vote on changes to the project's underlying code and to signal their opinion on its direction and plans. They cannot be traded. During the interview on Wednesday, when Blockworks co-founder Jason Yanowitz asked whether the token would become tradable, Folkman said, "I don't want to give away too much, but if you pay attention over the next couple of weeks, I think everyone ... is going to be very, very happy." Folkman said WLF would also be launching an app that would make crypto seamless for everyday investors to use. He said the company's stablecoin recently just got its first attestation report from an accounting firm and that it would be posted on its website "within the next few days." "We're going to have very transparent auditing from a financial level," he said. (Michelle Conlin in New YorkEditing by Marguerita Choy)
Business Wire
17-06-2025
- Business
- Business Wire
Core Leads Bitcoin Track at Permissionless IV Amid Growing Institutional Interest
SINGAPORE--(BUSINESS WIRE)-- The Core Foundation, the entity powering Core, the leading Bitcoin scaling protocol, is set to present the most exciting Bitcoin track at Permissionless IV, one of the industry's largest builder and developer gatherings, taking place June 24–26. As institutional and developer interest in Bitcoin-based applications grows, Core is anchoring key conversations on Bitcoin's expanding financial use cases, through curated panels, fireside chats, and community showcases. Bitcoin Track Curated by Core On June 24 at Permissionless IV, there will be a dedicated Bitcoin Track presented by Core, spotlighting key voices driving the next chapter of Bitcoin, from DeFi and credit markets to scaling debates and infrastructure design. The afternoon kicks off with 'Bitcoin DeFi: Making BTC a Productive Asset' (1:30–2:10pm), a deep dive into structured yield and Bitcoin-native credit markets. Speakers include Darren Mims (Blockworks Research), Sid Powell (Maple), Brendon Sedo (Core), Jacob Phillips (Lombard), and MacLane Wilkison (Threshold Network), who explore how institutional appetite for BTC as collateral is evolving. Next up, from 2:10–2:30pm, 'How Should Bitcoin Scale?' pits different approaches against each other in a lively debate featuring Simanta Gautam (Alpen Labs), Willem Schroe (Botanix), and Macauley Peterson (Blockworks). At 2:30pm, Pete Rizzo (Blockworks) moderates 'Where to Build in the Bitcoin Network,' a conversation with Rich Rines (Core), Jeff Garzik (Hemi), and Muneeb Ali (Stacks) on how to approach L2s, smart contract layers, and modular execution on Bitcoin. From 3:10–3:30pm, the spotlight shifts to energy and infrastructure in 'Bitcoin & The Energy to Compute Value Chain' with Meltem Demirors (Crucible) and Michael Bucella (Neoclassic Capital). The day wraps up with a technical session at 3:30pm: 'The Core Dev's Guide to Bitcoin Network Upgrades,' led by Hunter Beast (Anduro), Jeremy Rubin (Judica), and William Foxley (Blockspace Media), offering a look at the mechanics and trade-offs behind proposed improvements to the Bitcoin base layer. On June 25 from 11:50am–12:10pm, Rich Rines, Initial contributor at Core, will deliver a main stage keynote titled 'The PoS Layer for Bitcoin'. He will outline how Core's infrastructure enables native Bitcoin staking while preserving the security guarantees of Bitcoin's base layer. The Bitcoin Yield House: A Dedicated Bitcoin Lounge In addition to the mainstage programming, Core will host its own Bitcoin Yield House to foster more intimate dialogue and networking across the Bitcoin ecosystem: June 25 2:00pm: Fireside: lstBTC & Institutional Bitcoin Adoption 3:00pm: Fireside: Why the Next Capital Supercycle Starts with Bitcoin? June 26 2:00pm: Panel: Activating Retail Through BTCfi Ecosystem 3:00pm: Fireside: The Rise of BTCfi as a Bitcoin Everything Chain. Each day's sessions are preceded by dedicated mingle hours to foster informal conversation and ecosystem connections. Permissionless is the right forum to highlight how builders and institutions are activating Bitcoin in new ways, from dual staking to Bitcoin yield strategies. With discussions touching on Bitcoin's evolving role, the 2025 edition of Permissionless underscores a renewed industry focus on Bitcoin-native innovation, and Core's central role in that discussion. About Core Core is the leading Bitcoin scaling solution, transforming idle Bitcoin into a productive, yield-generating asset that powers Bitcoin DeFi at scale. Core's Self-Custodial Bitcoin Staking allows holders to timelock Bitcoin directly on the Bitcoin blockchain to earn rewards, without taking on new risk. This trustless yield mechanism helps to secure the high-performance, EVM-compatible Core blockchain, where users can access an expanding universe of Bitcoin-focused decentralized applications. Core powers first-of-their-kind products like Valour's yield-bearing Bitcoin ETP and lstBTC, the first liquid, yield-generating Bitcoin asset. The network supports over $500M in DeFi TVL, backed by 7,000+ timelocked Bitcoin and ~75% of Bitcoin mining hash power. Permissionless
Yahoo
11-06-2025
- Business
- Yahoo
SOL Jumps 5% on Report of Spot ETF Development
Solana's SOL token surged 5% after a report revealed that U.S. regulators are advancing the process for spot SOL ETFs. The SEC has requested amendments to S-1 filings from prospective issuers, with comments expected within 30 days, according to the Blockworks report. CoinDesk's Jennifer Sanasie breaks it down on 'Chart of the Day,' presented by Sign in to access your portfolio
