Monthly Archives: June 2021

Twitter CEO Jack Dorsey Discusses Censorship And How Bitcoin Can Bank The Unbanked

During an on-stage discussion at the Bitcoin 2021 event, Twitter CEO Jack Dorsey discussed Bitcoin, censorship and banking the unbanked. Speaking at the Bitcoin 2021 conference, Twitter CEO Jack Dorsey highlighted the properties that make Bitcoin a tool that can provide financial sovereignty and the ability to store value to the world’s unbanked and under-banked. He also described his personal belief in and passion for building the technology. “For me, bitcoin changes absolutely everything,” Dorsey said. “What I’m drawn to the most about it is the ethos, […]

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To ICO or to IDO? That is the question

Initial DEX offerings have a fair bit in common with initial coin offerings but come out on top in cost, effort, and fairness. Initial DEX offerings are the new initial coin offerings. So, what’s the difference between an IDO and an ICO, other than that one letter?  A lot actually.  In some ways, ICOs and IDOs have more in common with each other than they do with initial exchange offerings, which have more than a few features of the traditional initial public offering of stock markets. While […]

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Death knell for Chinese crypto miners? Rigs on the move after gov’t crackdown

The latest events in China have pushed crypto miners to reevaluate domestic risk as they may now look toward international expansion. When it comes to China, few things are crystal clear, and the nation’s recent crackdown on crypto mining is no exception. The State Council’s Financial Stability and Development Committee reported on May 21 that it is curtailing Bitcoin (BTC) mining amid financial risk concerns, which prompted the South China Morning Post to proclaim that “China’s place at the centre of global bitcoin mining is fading.”  “We […]

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Jack Dorsey outlines Square’s tentative plans for Bitcoin hardware wallet

“Bitcoin is for everyone. It’s important to us to build an inclusive product that brings a non-custodial solution to the global market,” the CEO said. Square Inc., the mobile payments company behind the popular Cash App, is strongly considering developing an open-source Bitcoin (BTC) wallet, signaling continued conviction in the future of digital currency payments.  “Square is considering making a hardware wallet for Bitcoin,” CEO and co-founder Jack Dorsey tweeted Friday. “If we do it, we would build it entirely in the open, from software to hardware […]

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Forget Elon, here’s why Bitcoin traders should be watching the US Dollar Index instead

The U.S. dollar index recorded its best daily performance in almost nine months just as the BTC/USD exchange rate fell following Elon Musk’s cryptic tweet. Bitcoin (BTC) prices fell by almost 5% on June 4, continuing the decline into the Friday session as investors grappled with Elon Musk’s cryptic tweets on the cryptocurrency, raising speculation that the Tesla CEO might dump the firm’s remaining 43,2000 BTC stash. #Bitcoin pic.twitter.com/lNnEfMdtJf — Elon Musk (@elonmusk) June 4, 2021 Nonetheless, Bitcoin’s move downside also coincided with a big spike in […]

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Biden Makes Cryptocurrency a Focus of New Anti-Corruption Directive for National Security

Cryptocurrency is a point of focus in President Joe Biden’s new directive aimed at combating corruption as a core national security interest of the U.S. An official of the Biden administration says that major parts of the directive will focus on cryptocurrency and cybercrime. Crypto a Focus in Biden’s New Directive for National Security President Joe Biden has issued a new directive to federal agencies to prioritize efforts to confront global anti-corruption. It was published in the “Memorandum on Establishing the Fight Against Corruption as a Core […]

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NYDIG Leads $25 Million Investment Round In Bitcoin Services Platform Unchained Capital

Bitcoin and financial services platform Unchained Capital raised $25 million in a series A fundraising round by NYDIG. Unchained Capital, a financial services platform geared for long-term bitcoin holders, has announced today the initial closing of a $25 million series A capital raise led by institutional bitcoin investment solutions firm NYDIG. In addition, NYDIG has increased its minority stake and added $100 million to its initial lending commitment of $50 million made in February. “Our initial investment in Unchained began a partnership that has quickly gone from […]

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Bitcoin bulls give ‘conservative’ 10 year estimate for hyperbitcoinization to hit

A decade to hyperbitcoinization is “most likely,” says Kraken executive Dan Held, a forecast echoed by Unchained Capital’s Parker Lewis. Bitcoin (BTC) may be just ten years away from seeing mass adoption in an event known as “hyperbitcoinization.” That’s according to participants of the Bitcoin 2021 Conference in Miami, who on June 4 delivered surprisingly optimistic verdicts on when hyperbitcoinization will come. Bitcoin could be unit of account by 2031 Speaking on a panel, Saifedean Ammous, author of “The Bitcoin Standard,” Unchained Capital head of business development […]

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FTX crypto exchange seals $210M naming rights deal for esports behemoth TSM

Sam Bankman-Fried’s FTX crypto exchange has completed another mega naming rights deal this time with esports giant TSM. FTX and global esports brand Team SoloMid, oTSM, have signed a multi-year partnership that grants exclusive naming rights to the crypto trading platform. According to a release issued on Friday, the deal is valued at $210 million with the esports brand’s name changing to “TSM FTX.” As part of the deal, TSM FTX will distribute crypto to players and employees with the newly repurposed esports company also purchasing $1 […]

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BitMEX, Astrobotic To Put Bitcoin Wallet On Surface Of The Moon

BitMEX will place a bitcoin wallet holding 1 BTC on the surface of the moon as part of the first-ever commercial soft landing on its surface. Bitcoin exchange platform BitMEX has partnered with space robotics company Astrobotic to literally put bitcoin on the moon through an upcoming lunar mission that is expected to launch later this year. A physical coin, similar in design to a Casascius coin, will be included in the payload of an Astrobotic Peregrin lander that will touch down on the moon in a […]

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