Elon Musk is diving deeper into his role within the new U.S. administration, working closely with Donald Trump, while considering blockchain technology for his leadership of the Department of Government Efficiency (DOGE).
Musk has discussed the potential benefits of integrating blockchain to streamline federal spending, enhance data security, simplify payment systems, and oversee government facilities.
As these discussions unfold, Hedera (HBAR), a rapidly growing crypto project, has expressed interest in collaborating with Musk’s department. Hedera has publicly extended an offer to incorporate its blockchain solutions into DOGE, emphasizing the advantages of its USD-pegged fees for tracking government spending.
In a recent post, the Hedera team directly addressed Musk, suggesting that using their blockchain could simplify the process without introducing unnecessary complexity.
Hedera’s offer has drawn attention, with Cardano’s (ADA) founder Charles Hoskinson also weighing in, offering Cardano’s blockchain to assist Musk’s efforts, even offering the support free of charge.
Both blockchain projects are eager to be part of the potential government efficiency overhaul Musk is pushing forward.
Poland’s political landscape may be shifting in favor of crypto innovation following the election of Karol Nawrocki, a candidate who campaigned on promises to protect investor freedom and resist burdensome regulations.
Litecoin is taking a major leap into the world of DeFi and Web3 with the launch of LitVM, a newly introduced Layer-2 network designed to bring smart contract capabilities to the long-standing cryptocurrency.
Coinbase is gearing up to broaden its futures trading capabilities, introducing round-the-clock contracts for Solana (SOL), XRP, and Cardano (ADA) starting June 13.
A new report from blockchain analytics firm Santiment highlights which DeFi projects have seen the most developer activity over the past month—and the leaderboard has shifted in unexpected ways.