Bitcoin News Today: Rumble's Crypto Wallet Sparks Debate Amid Illicit Transaction Fears
- Rumble launches non-custodial crypto wallet for tipping, supporting BTC, USDT, and tokenized gold during live streams and videos. - Tether backs the wallet system, enabling multi-asset transactions while users retain fund control, aligning with crypto industry trends. - The platform targets creator monetization and deepens ties with Tether, catering to users rejecting traditional banking systems. - Critics warn the wallet could facilitate illicit transactions on Rumble, known for hosting far-right figure
Rumble, a video streaming service recognized for featuring controversial personalities like white nationalist Nick Fuentes
This integration signals Rumble’s move to expand creator earnings through cryptocurrency. The wallet is non-custodial, so users maintain direct control over their assets, which is a significant advantage in the crypto world. The system also utilizes Tether’s technology to process not only Bitcoin but also tokenized gold and other stablecoins
Paolo Ardoino, CEO of Tether, revealed plans for additional wallet features, such as support for USAT—a stablecoin designed for the U.S. market—and integration with the Lightning Network to enhance transaction speed. The wallet will also feature account abstraction and Paymaster tools to streamline multi-chain operations for users
However, the current trial is restricted to Android users, and the feature’s ability to scale has yet to be proven. Some critics warn that the wallet could be used for unlawful transactions, given Rumble’s association with fringe content. While Tether’s technical backing is significant, it also raises concerns about the company’s role in promoting crypto use on platforms with contentious reputations
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Animoca Receives ADGM Authorization, Opening a Regulated Avenue for Institutional Web3 Investments
- Animoca Brands secures in-principle approval from ADGM to operate as a regulated fund manager, advancing its institutional Web3 investment strategy in the Middle East. - The conditional approval enables compliance-focused expansion, aligning with UAE's blockchain innovation goals and institutional-grade investment pathways in gaming, NFTs, and tokenized assets. - With stakes in 600+ Web3 ventures, Animoca plans to integrate its ecosystem into regulated structures, complementing its $1B valuation target v
Dogecoin Latest Updates: Crypto Winter Challenges DOGE ETFs While Technical Indicators Suggest a Potential 80% Surge
- Dogecoin (DOGE) could surge 80-90% as ETF launches approach, driven by a falling wedge pattern and institutional interest in Grayscale's GDOG and 21Shares' products. - Technical analysts compare DOGE's potential to XRP's 2025 ETF-driven rally, though broader crypto weakness and high interest rates pose risks to sustained gains. - While DOGE trades below key moving averages and faces $0.1495 resistance, a breakout above the wedge's trendline could push prices toward $0.27–$0.29. - Long-term projections su
Bitcoin Updates: Crypto ETPs Signal Market Growth as Leverage Shares Debuts on SIX
- Leverage Shares launched the world's first 3x leveraged and -3x inverse Bitcoin/Ethereum ETPs on SIX Swiss Exchange, expanding its crypto product range to 452 offerings. - The EUR/USD-traded ETPs target sophisticated investors seeking directional exposure, aligning with SIX's 19% YoY crypto ETP turnover growth to CHF 3.83 billion. - Market timing raises concerns as Bitcoin/Ethereum fell 21%/26% in November 2025, with experts warning leveraged products could amplify losses during volatility. - SIX's regul
Ethereum Updates Today: Buterin Moves ETH to Safeguard Privacy Against Major Financial Players and Quantum Threats
- Ethereum co-founder Vitalik Buterin donated 128 ETH ($760,000) to privacy-focused apps Session and SimpleX Chat, emphasizing decentralized metadata protection and user-friendly access. - Recent 1,009 ETH transfer to Railgun protocol sparked speculation about asset reallocation, though control remains with Buterin amid mixed Ethereum price trends. - Buterin warns of existential risks: 10.4% institutional Ether ownership and quantum computing threats by 2028, advocating layered security for Ethereum's desi
Trending news
MoreCrypto prices
More
