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The post Charles Hoskinson Slams USAID for Funding Book Linking Bitcoin to Extremism” appeared first on Coinpedia Fintech News In a latest development, Charles Hoskinson, founder of Cardano, has criticized the U.S. Agency for International Development (USAID) for funding a book that links Bitcoin to right-wing extremism. WikiLeaks recently revealed that USAID funded a book connecting Bitcoin and cyberlibertarianism to right-wing ideologies. The book, Cyberlibertarianism: The Right-Wing Politics of Digital Technology, authored by David Golumbia, links Bitcoin to extremist ideologies. Published by the University of Minnesota Press, it reportedly received over $80,000 in funding from the U.S. government, according to WikiLeaks. Hoskinson expressed his frustration on social media, calling this portrayal of Bitcoin “garbage.” So apparently, USAID is funding the production of propaganda that says Bitcoin is right-wing extremism. I'm so done with this garbage https://t.co/hG9ViJiW0A — Charles Hoskinson (@IOHK_Charles) February 10, 2025 This controversy arises amid broader scrutiny of USAID’s activities. The Trump administration has recently issued an executive order leading to a funding freeze for the agency, affecting its global humanitarian efforts. Reports indicate that some USAID staff are also on leave, with the agency’s future unclear. Backing, Cardano founder Charles Hoskinson, Representative French Hill, chairman of the House Financial Services Committee (HFSC), recently commented on USAID’s spending. He mentioned that Elon Musk’s Department of Government Efficiency (DOGE) is looking into the agency’s budget. Hill also pointed out that Secretary of State Mike Rubio, who oversees USAID, will be involved in decisions about its future funding. Hoskinson’s criticism highlights the ongoing debate about how Bitcoin is portrayed and the role of government funding in crypto research. Bitcoin supporters argue that these narratives try to undermine decentralized technologies, which they see as tools for financial inclusion and economic freedom.

Elon Musk’s DOGE team is working to cancel $8M in federal subscriptions to Politico Pro. The move follows claims linking Politico’s payroll issues to USAID funding. The White House supports the cancellation, citing concerns over taxpayer dollars. The White House announced Wednesday that it will cancel all federal agency subscriptions to Politico Pro. This announcement follows claims suggesting the news outlet received funding from the U.S. Agency for International Development (USAID). Official Rationale and Spending Records White House Press Secretary Karoline Leavitt stated during a briefing that taxpayer dollars will no longer be used to “subsidize” Politico. Yet, official spending records show the payments were for valid subscriptions purchased by various federal agencies, not direct government funding. The controversy began when Kyle Becker, a public commentator, linked a temporary payroll issue at Politico to USAID funding. His claim was picked up by right-wing figures, including Benny Johnson, Charlie Kirk, and Dana Loesch, who called for protests at Politico’s offices. Related: Trump’s D.O.G.E. Initiative Cuts DEI Spending, Saves Over … The post Elon Musk DOGE Team Moves to End $8M Federal Politico Subscriptions Amid USAID Funding Controversy appeared first on Coin Edition.

Ethereum Price Recovery Stalls at Resistance: Can Bulls Break? Ethereum began a rebound over $2,500. ETH is up about 10% and meets severe resistance at $2,920. Ethereum rose well over $2,500. The price is below $2,900 and the 100-hour SMA. On the hourly ETH/USD chart, a negative trend line with resistance at $2,920 is formed. If it remains below $2,920, the pair may fall again. Ethereum Price Trys Recovery Ethereum fell sharply below $2,800, lagging Bitcoin. ETH entered a negative zone below $2,650 and $2,500. A drop below $2,200 occurred. After 25% decrease, the price touched $2,120. The price recently rose from a $2,127 low. Above $2,500, it rose. The price broke the 50% Fib retracement barrier of the $3,403 wing high to $2,127 swing low decline. However, bears are active around $2,900. On the hourly ETH/USD chart, a negative trend line with resistance at $2,920 is formed. Ethereum has fallen below $2,900 and the 100-hour SMA. The price may face resistance at $2,900 on the upside. First big barrier is at $2,920, the trend line or 61.8% Fib retracement level of the decline from $3,403 wing high to $2,127 swing low. The primary resistance is near $3,000. A clean break over $3,000 might push the price above $3,120. Above $3,120 barrier might lead to greater advances in the following sessions. Ether may grow to $3,250 or $3,320 in the short future. Another ETH Drop? Ethereum may fall again if it fails to break $2,900. Around $2,765, downward support begins. Major support begins at $2,650. A decisive break below $2,650 might bring the price near $2,500. If losses continue, the price may reach $2,420 support. The next support is $2,350. Tech Indicators Hourly ETH/USD MACD is rising in the positive zone. $ETH

Give Retail Investors a Voice in Crypto Policymaking (Dyana Wing So / Unsplash) #Bitcoin $BTC