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Trump family disown debut of crypto wallet: ‘I know nothing about this project!’

2 days ago
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A splashy website featuring an illustration of Donald Trump, looking buff and pumping his fist in the air, appeared online on Tuesday,The image is the logo of one of Trump’s digital currencies, and the website claims to be the “Official $Trump Wallet”, hawking a product that would allow customers to buy and sell cryptocurrencies, primarily the president’s own,The website prominently features the name of Trump’s coin, $Trump, and invites people to join the waitlist to use the digital wallet,It was first noticed by the crypto newsletter Citation Needed,Magic Eden, an established cryptocurrency marketplace, said on the website that it had partnered with Trump’s official digital coin team to create the wallet.

The Twitter/X account for one of Trump’s cryptocurrencies promoted the wallet product as well.“The $TRUMP Wallet powered by @magiceden is coming soon.Join the $TRUMP community! http://TrumpWallet.com,” reads a tweet from @TrumpMeme.With Billions of Trump fans around the world, the $TRUMP mission has always been to make it super easy for Trump supporters to get into crypto and join the $TRUMP community.

The $TRUMP Wallet powered by @magiceden is coming soon,Join the $TRUMP community!… pic,twitter,com/7nIubWIdqwThough the announcements bear the markers of legitimacy and official involvement, Trump’s sons have called foul,“The Trump Organization has zero involvement with this wallet product,” Donald Trump Jr quickly posted to the social media site X on Tuesday.

Shortly after, Eric Trump posted: “I run @Trump and I know nothing about this project!” Even Barron Trump chimed in saying: “To be clear, our family has zero involvement with this wallet.”Trump Jr added that he had been “working tirelessly” on launching an official wallet with another of the family’s crypto businesses, World Liberty Financial, which Trump and his sons created last year.The cryptocurrency industry is known for frauds, scams and infighting.The latest spat between Magic Eden and World Liberty Financial appears to stem from a conflict between Trump’s sons and Bill Zanker, who is a longtime business partner of Trump.Zanker runs the business that issued $Trump, Fight Fight Fight LLC, which is separate from the Trump Organization and World Liberty.

The Trump Organization also owns a firm called CIC Digital, which, along with Fight Fight Fight, oversees and profits from the trade of the cryptocurrency while owning 80% of the coin’s reserves, on paper worth about $2bn.On X, Magic Eden and Zanker’s company both said the crypto wallet announced on Tuesday was indeed affiliated with Trump and powered by Magic Eden.Eric Trump maintained this was wrong.Later on Tuesday, he issued a warning on X: “This project is not authorized by @Trump,” he wrote.“@MagicEden I would be extremely careful using our name in a project that has not been approved and is unknown to anyone in our organization.

”Sign up to TechScapeA weekly dive in to how technology is shaping our livesafter newsletter promotionOver the past several months, Trump’s family and business partners have debuted a web of crypto business and digital currencies – those include a memecoin with the image of Trump pumping his fist, and a stablecoin that is designed to maintain a constant value of $1.Melania Trump even presented her own memecoin.In his first term, Trump was adamantly opposed to cryptocurrency, but has since performed an about-face.He has embraced the volatile industry, becoming the first major candidate to accept donations in cryptocurrency, speaking at a major crypto conference on the campaign trail.Trump has hosted industry leaders at the White House, and wined and dined the top holders of his cryptocurrency at his private golf club outside Washington DC.

Trump’s administration has also named the tech investor David Sacks his “crypto czar”, rolled back regulations on digital assets and halted a series of federal investigations into cryptocurrency firms.The White House, Magic Eden and Zanker did not return requests for comment.
societySee all
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‘Stress crisis’ in UK as 5m struggle with financial, health and housing insecurity

More than 5 million UK adults are experiencing a triple whammy of financial, health and housing insecurity as British households hit levels of “multi-stress” not seen since the global economic crash well over a decade ago, research shows.One in 10 working-age adults are juggling low income and debt, insecure tenancies and high rents, and problems accessing NHS care. They are at least twice as likely as the rest of the population to report mental stress, sleeplessness and isolation.Researchers said the explosion in multiple insecurity amounted to a “national stress crisis”, with those affected experiencing heightened volatility and uncertainty in their lives and profound feelings of powerlessness and lack of control.The analysis highlights the rise in the number of people experiencing a combination of three separate categories of insecurity to map the extent to which people have the capacity to enjoy a good quality of life, materially and psychologically

about 14 hours ago
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Less than 4% of exploited care workers helped by UK government scheme

Less than 4% of exploited care workers have reported finding new work in a multimillion-pound government scheme designed to rematch them with new employers.Analysis by the Work Rights Centre found just 3.4% of the 28,000 exploited migrant care workers signposted to a service to find them new jobs had reported being rematched with a new employer, while 131,000 social care vacancies remain unfilled.Dr Dora-Olivia Vicol, chief executive of the charity, said: “After Covid, England desperately needed more care workers, and thousands of people from around the world answered that call in good faith.“But instead of jobs they got scams, and instead of justice they got a referral to a programme that simply doesn’t work as intended

about 19 hours ago
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Weight loss drugs linked to higher risk of eye damage in diabetic patients

Weight loss drugs could at least double the risk of diabetic patients developing age-related macular degeneration, a large-scale study has found.Originally developed for diabetes patients, glucagon-like peptide-1 receptor agonist (GLP-1 RA) medicines have transformed how obesity is treated and there is growing evidence of wider health benefits. They help reduce blood sugar levels, slow digestion and reduce appetite.But a study by Canadian scientists published in Jama Ophthalmology has found that after six months of use GLP-1 RAs are associated with double the risk of older people with diabetes developing neovascular age-related macular degeneration compared with similar patients not taking the drugs.Academics at the University of Toronto examined medical data for more than 1 million Ontario residents with a diagnosis of diabetes and identified 46,334 patients with an average age of 66 who were prescribed GLP-1 RAs

1 day ago
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Housing bosses press Rachel Reeves to unlock more funds for affordable homes

Housing bosses representing 1.5m social homes across England will press Rachel Reeves to reclassify affordable housing as critical infrastructure spending, amid a battle between the chancellor and Angela Rayner.There is deep dissatisfaction with the level of funding for social homes in the spending review due next week. Rayner, the housing secretary, is one of the last remaining holdouts in negotiations with the Treasury over departmental spending settlements.The Department for Housing, Communities and Local Government has been battling for more funding for the affordable homes programme as well as trying to preserve cash for local councils, homelessness and regional growth initiatives

1 day ago
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Millions in west do not know they have aggressive fatty liver disease, study says

More than 15 million people in the US, UK, Germany and France do not know they have the most aggressive form of fatty liver disease, according to research.Metabolic dysfunction-associated steatotic liver disease (MASLD) – the formal name for non-alcoholic fatty liver disease – occurs in people who drink no or minimal amounts of alcohol whose liver contains more than 5% fat.About two-thirds of patients with type 2 diabetes are thought to have the condition, which is also associated with obesity, heart and circulatory disease.Approximately 5% of adults globally have the most aggressive form of MASLD. Metabolic dysfunction-associated steatohepatitis (MASH) causes fibrosis (scarring) and can lead to cirrhosis and is linked to greater risk of cardiovascular disease, chronic kidney disease and liver cancer

1 day ago
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I thought it was being gay that made my life so difficult. Then, at 50, I got an eye-opening diagnosis …

I spent far too many years lonely and angry, thanks to schoolmates who called me ‘weird’ and bosses who dismissed me as ‘hysterical’. But was it my sexuality that put their backs up – or the autism I am still coming to terms with?My earliest memory is of feeling different. I’m gay, and grew up in the 1980s, in a tough, working-class town in the north of England at the height of the Aids crisis. My gayness was obvious in the way I walked and talked. I was bullied at school, called a “poof”, “pansy” and “fairy”; other children did impressions of me with their wrists limp

1 day ago
politicsSee all
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Tice defends Reform MP’s question on burqa ban after Zia Yusuf resignation

about 8 hours ago
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Hamilton byelection win is vindication of Scottish Labour’s doorstep strategy

about 9 hours ago
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Scottish Labour wins pivotal Holyrood byelection, beating SNP and Reform UK

about 10 hours ago
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NHS England to give urgent help away from A&E to cut ‘corridor care’

about 12 hours ago
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Downing Street exploring options for ‘progressive’ UK digital IDs

about 21 hours ago
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Departure of Reform UK chair Zia Yusuf is latest in a long line of Farage fallings-out

about 23 hours ago