DeFI News by Thebittimes.Com

Since his nomination as the 47th US President, Donald Trump has made several promises to US citizens, most notably to lower taxes. With these tax talks, Trump’s biggest resource for making that dream a reality has been through tariffs. The US President has explored tariffs on most of the United States’ major exporters, including Mexico and China. On the home front, Trump’s new Department of Government efficiency, is working to cut down on US spending, which includes thousands of jobs, to make way for tax cuts. According to a report by FactCheck.org, on average, taxpayers in every income group would get some tax relief, but not everyone. In all, about two-thirds to three-quarters of taxpayers would get a tax cut, according to independent analyses. Also, the cuts skew in favor of wealthy Americans, who would see more tax relief not only in the dollar amount but as a percentage of income, on average. But again, the wealthy wouldn’t be the only ones to benefit. Trump to Me...

Vitalik Buterin: ‘Batshit’ Michael Saylor comments ‘not what crypto is about’ Ethereum co-founder Vitalik Buterin has branded recent comments from MicroStrategy supremo Michael Saylor on bitcoin custody and the role that banks should play in it as “batshit insane.” Buterin made the comment in response to an X post by bitcoin custody firm Casa’s chief security officer Jameson Lopp. “Bitcoin self custody isn’t just about being a paranoid mountain man,” wrote Lopp. “There are many long-term negative ramifications to convincing people to trust third-party custodians.” He then went on to list a number of these ramifications, including an increased risk of loss or seizure, and the deprioritization of permissionless scaling. He concluded by saying, “Self custody is not merely important to individual bitcoin holders. It’s important for the continued strengthening and improvement of the entire network.” I probably did more than ...