Search results for Block S
Crypto
JackXBT says use a dedicated iPhone instead of a hardware wallet; industry pushes back
Danny Sanders, chief commercial officer at Trezor, pushed back against blockchain investigator JackXBT’s recent criticism of hardware wallets. JackXBT wrote on Telegram that all hardware wallets are “complete trash” and advised using a separate iPhone dedicated to fund storage and transaction signing. Sanders said complaints about urgent software and firmware updates are understandable, but argued JackXBT generalised from experienced users handling large sums.
Crypto
Polymarket files for U.S. margin trading, seeks futures broker registration
Polymarket has submitted an application to provide margin trading in the United States. If approved, users would be able to bet on events with less capital than usual. The Block, citing the National Futures Association’s BASIC system, reported that ComingHome GBA sought approval related to futures commission merchant registration through PM Derivatives. Full rollout of leveraged trading would also require approval from the Commodity Futures Trading Commission.
Crypto
Trump bitcoin strategic reserve faces legal, jurisdiction hurdles
U.S. President Donald Trump’s plan for a strategic bitcoin reserve is facing legal and jurisdictional problems, The Block reported on July 6, citing Bloomberg News. The plan would be funded with bitcoin already held by the government from criminal and civil seizures and a separate digital-asset reserve. Bloomberg reported questions over whether the Treasury can legally manage the reserve and whether it could be held indefinitely given bitcoin’s volatility.
