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Farage’s $6.7M Crypto-Linked Gift Raises Eyebrows After $1.8M Home Acquisition

A parliamentary ethics probe is examining Nigel Farage, leader of the UK's Reform Party, following reports he purchased a $1.8 million property weeks before entering office. The purchase was facilitated by a $6.7 million personal gift from crypto billionaire Christopher Harborne. Farage argues no rules were broken as the gift was received before he became an MP, but critics contend it should have been declared. The case occurs amid broader UK political concerns about cryptocurrency donations, with a legislative proposal to temporarily ban them currently under consideration. Farage and his party oppose such a ban.

bitcoinist05/15 23:32

Farage’s $6.7M Crypto-Linked Gift Raises Eyebrows After $1.8M Home Acquisition

bitcoinist05/15 23:32

Crypto Billionaire’s $7M Gift Puts UK Reform Leader Under Ethics Spotlight

UK Reform Party leader Nigel Farage is under investigation by the Parliamentary Commissioner for Standards for allegedly failing to properly declare a £5 million ($6.7 million) gift from cryptocurrency billionaire Christopher Harborne. The donation, made in early 2024 before Farage's election to Parliament, is under scrutiny as MPs must register significant benefits received in the 12 months prior to their election. Farage claims the money was a private, unconditional gift for personal security costs. Opposition parties, including the Conservatives who filed the complaint, are demanding transparency. This follows a prior late registration of interests by Farage, which was deemed accidental. The inquiry could result in outcomes ranging from an apology to suspension from Parliament.

bitcoinist05/14 12:02

Crypto Billionaire’s $7M Gift Puts UK Reform Leader Under Ethics Spotlight

bitcoinist05/14 12:02

Tether Major Shareholder Invests £12 Million to Support the 'British Trump' in the Crypto Sphere

British political party Reform UK, led by Nigel Farage (often called the "British Trump"), received over £12 million in donations in 2025, with a significant portion from Christopher Harborne (also known as Chakrit Sakunkrit). A major Tether shareholder and Thai-based aviation fuel tycoon, Harborne is a key financial backer of the right-wing party. His donations align with Reform UK's pro-crypto policies, which include tax cuts and a national Bitcoin reserve—policies announced after his funding began. This mirrors a U.S. trend of crypto interests influencing politics. Harborne, a dual UK-Thai citizen and early crypto investor, holds ~12% of Tether’s parent company, making his financial support a strategic investment in favorable regulation. Reform UK is now a top-funded UK party, with rising poll numbers.

marsbit03/24 07:18

Tether Major Shareholder Invests £12 Million to Support the 'British Trump' in the Crypto Sphere

marsbit03/24 07:18

Vitalik Buterin’s SHIB Gift Backfires? Warns Of “Authoritarian” AI Push From A Nonprofit

Ethereum co-founder Vitalik Buterin has publicly distanced himself from the Future of Life Institute (FLI), an AI-safety nonprofit he supported in 2021 with a substantial SHIB token donation. Buterin clarified that FLI initially presented a broad roadmap focused on reducing existential risks from AI, bio, and nuclear threats with a pro-science, pro-peace approach. However, he now criticizes the organization for pivoting toward large-scale political advocacy, which he views as authoritarian and fragile. Buterin expressed concern that FLI’s current approach—such as pushing for restrictive AI safeguards and potential open-source bans—could backfire and lead to centralized control. Despite disagreements, he acknowledged alignment with FLI’s recent "Pro-human AI declaration." The situation highlights broader concerns about crypto-funded philanthropy, transparency, and the unintended consequences of large donations influencing AI governance.

bitcoinist03/14 06:01

Vitalik Buterin’s SHIB Gift Backfires? Warns Of “Authoritarian” AI Push From A Nonprofit

bitcoinist03/14 06:01

Bitwise Backs Bitcoin Devs With Over $380K In Donations

Bitwise Asset Management has donated $233,000 to support open-source Bitcoin developers, bringing its total contributions to over $380,000 since the launch of its Bitcoin ETF (BITB) in January 2024. The firm pledged to donate 10% of the ETF’s annual gross profits to fund Bitcoin development. The latest donation benefits three organizations: Brink, OpenSats, and the Human Rights Foundation’s Bitcoin Development Fund. These groups support developers who maintain and secure the Bitcoin network, often without pay. BITB has attracted over $2.5 billion in inflows, and Bitwise has committed to scaling future contributions with the fund’s growth. The company has also extended this model to its Ethereum ETF. Bitwise manages more than $15 billion in assets across various crypto ETFs.

bitcoinist03/06 02:02

Bitwise Backs Bitcoin Devs With Over $380K In Donations

bitcoinist03/06 02:02

Pardoned BitMEX Cofounder Pledges £20 Million to London Maths Institute

Ben Delo, co-founder of the cryptocurrency exchange BitMEX, has pledged £20 million to the London Institute for Mathematical Sciences (LIMS) to support curiosity-driven research in theoretical mathematics and physics. This follows a previous £10 million donation. The funds are intended to help LIMS reach a £60 million endowment target and will support research free from traditional academic constraints. Delo, a British billionaire previously convicted and later pardoned for Bank Secrecy Act violations, has a history of donating to scientific and free speech causes. The institute aims to use the funding to attract top researchers and expand its work in basic science, with the director noting growing interest from the tech sector in supporting fundamental research.

TheNewsCrypto03/03 12:58

Pardoned BitMEX Cofounder Pledges £20 Million to London Maths Institute

TheNewsCrypto03/03 12:58

Vitalik Announced Selling Coins in Advance, Why Did the Market Still Panic?

In February 2026, amid a prolonged crypto market downturn and a six-month consecutive decline in Ethereum's price, co-founder Vitalik Buterin sold approximately 19,326 ETH through 532 transactions. This action, which exceeded his initial announcement of selling 16,384 ETH, was executed transparently via a single address and CoW Swap to minimize market impact. Vitalik had publicly disclosed his plans in late January, explaining that the proceeds would fund public goods and open-source projects, including privacy tech, security hardware, and biotech tools—areas affected by the Ethereum Foundation's budget cuts. He emphasized that the sales were not for personal gain but to support ecosystem sustainability. Despite the transparency, the larger-than-expected sell-off during a fragile market period intensified fears and selling pressure among investors, potentially exacerbating ETH's decline. The move raised concerns about market confidence, even as Vitalik maintained his commitment to ethical and open financial practices.

比推02/27 15:17

Vitalik Announced Selling Coins in Advance, Why Did the Market Still Panic?

比推02/27 15:17

Odaily's On-Site Experience at Polymarket's First New York Store: The Most Timely Charity and Marketing

Polymarket, a crypto prediction market platform, opened a free pop-up grocery store named "The Polymarket" in Lower Manhattan, New York, on February 12th. The initiative, framed as a charity event, offered all items—from fresh produce to household essentials—completely free until February 16th. Despite a delayed opening, hundreds of New Yorkers queued for hours, with lines stretching multiple blocks. Most attendees were unaware of Polymarket's core business as a prediction market, learning of the event through social media or community groups. The operation was meticulously organized, with staff assisting shoppers and a limit of one bag per person. In addition to the pop-up, Polymarket donated $1 million to the Food Bank For New York City. The timing was notable, coinciding with a proposal by the new mayor to open city-run low-cost grocery stores. A competitor, Kalshi, ran a similar promotion days earlier. While clearly a marketing effort, the event provided tangible relief to residents grappling with high living costs, with many expressing gratitude for the support.

Odaily星球日报02/13 05:49

Odaily's On-Site Experience at Polymarket's First New York Store: The Most Timely Charity and Marketing

Odaily星球日报02/13 05:49

Polymarket Announces Free NYC Grocery Store and $1 Million Food Bank Donation

Polymarket, a New York-based crypto prediction platform, has launched a community initiative to address food insecurity. It opened a free grocery store in NYC on February 12, offering basic necessities at no cost. Additionally, the company donated $1 million to the Food Bank For New York City. This move follows a similar campaign by its competitor, Kalshi, which also offered free groceries in the city. Beyond these efforts, Polymarket has been active in 2026, securing a multi-year partnership with Major League Soccer and introducing a 0.01% trading fee on its US app.

TheNewsCrypto02/04 10:51

Polymarket Announces Free NYC Grocery Store and $1 Million Food Bank Donation

TheNewsCrypto02/04 10:51

FTX, Dead for 3 Years, Donated $650,000: Who is Effective Altruism Really Benefiting?

A former FTX employee, Ross Rheingans-Yoo, was awarded $650,000 in bankruptcy court from the collapsed crypto exchange, part of a bonus promised in 2022 that included half in cash and half as a donation to an effective altruism (EA) charity. After FTX’s bankruptcy, he initially tried to direct the funds to Manifold for Charity, where he served on the board, but FTX’s estate lawyers blocked it, citing conflicts of interest. He then proposed 1DaySooner, another EA-aligned charity, but lawyers objected on a technicality—claiming the original agreement specified “the” charity, not “any” charity. The bankruptcy judge rejected FTX’s argument, calling it wasteful litigation without legal basis, and approved the donation to 1DaySooner. FTX’s estate appealed, continuing the legal fight. The case highlights broader issues: FTX’s estate has sued Rheingans-Yoo to recover $71.6 million in alleged fraudulent donations made through FTX Foundation, which he denies. Meanwhile, legal fees in the FTX bankruptcy have soared to nearly $1 billion, making it one of the costliest in US history—raising questions about whether prolonged litigation benefits lawyers more than creditors.

marsbit02/04 04:15

FTX, Dead for 3 Years, Donated $650,000: Who is Effective Altruism Really Benefiting?

marsbit02/04 04:15