Trump's crypto company and rogue wallet announce wing states between each other | Tech

A website with Donald Trump appeared online on Tuesday, which looked like a buff and blows fists in the air. The image is the logo of one of Trump's digital currencies, the website claims to be "official $trump Wallet", which allows customers to buy and sell cryptocurrencies, mainly the president's own cryptocurrency.

The site features Trump’s coins ($trump) and invites people to join the waitlist to use digital wallets. Encrypted communication citations noticed this first. The established cryptocurrency market, Magic Eden, said on the website that it has created a wallet in collaboration with Trump’s official digital coin team. Twitter/X accounts for one of Trump's cryptocurrencies and also promotes wallet products.

“The $Trump wallet powered by @magiceden is coming soon. Join the $trump community! Read @trumpmeme’s tweet.

Despite the announcement’s signs of legitimacy and formal participation, Trump’s sons called foul.

Donald Trump Jr. posted quickly to social media site X on Tuesday. Not long after, Eric Trump said, “I ran @trump, I knew nothing about this project!” Even Barron Trump said, “It’s important to be clear that our family is involved in this wallet.”

Trump (Jr) added that he has been "delaying" to launch a formal wallet with another cryptocurrency company in the family, World Liberty Financial, which Trump and his son created last year.

The cryptocurrency industry is known for fraud, scams and infighting. The latest quarrel between Magic Eden and World Free Finance seems to stem from a conflict between Trump’s son and Bill Zanker, who is Trump’s long-time business partner. Zanker operates the business of issuing $TRUMP, Fight Fight LLC, which is different from the Trump Organization and World Freedom. The Trump Organization also owns a company called CIC Digital, which fights against the battle, is responsible for profits in cryptocurrency transactions, while also owns 80% of the coin reserves and notes of about $20 billion.

On X, both Magic Eden and Zanker's companies said the crypto wallet announced on Tuesday is indeed affiliated with Trump and is powered by Magic Eden.

Eric Trump thinks this is wrong. Later Tuesday, he warned X: "This project is not authorized by @trump," he wrote. " @magiceden In a project that has not been approved yet, I will be very careful to use our name without anyone in our organization knowing it."

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Over the past few months, Trump’s family and business partners have made their debut in the network of cryptocurrencies and digital currencies – including a member with the image of Trump’s fist, and Stablecoin, which aims to maintain a fixed value of $1. Melania Trump even showed off his own members.

During his first term, Trump was firmly opposed to cryptocurrencies, but had a face since then. He embraced the turbulent industry and became the first major candidate to accept cryptocurrency donations, speaking at a major crypto conference on the campaign. Trump hosted industry leaders at the White House and won top holders of his cryptocurrency at a private golf club outside Washington, D.C. The Trump administration also appointed tech investor David Sacks' Crypto Czar to back off regulations on digital assets and stopped a series of federal investigations into cryptocurrency companies.

The White House, Magic Eden and Zanker did not return requests for comment.