For years banks around the world worried that regulating cryptocurrencies would legitimize them and pose a threat to the existing financial system. So they tried to kill bitcoin calling it a fraud, a Ponzi scheme, a vehicle for money launderers and terrorists to fund their activities. While in September 2017, Jamie Dimon, JPMorgan’s CEO, called…
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In November, when bitcoin and Ethereum reached all-time highs, famous athletes, politicians, and regular people raced to join in on the excitement by announcing that they would convert a portion of their salaries into cryptocurrency. Their argument was that if you get paid in US dollars, as inflation increases, the value of your paycheck decreases.…
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Bitfarms expands Québec mining operations with 13 MW of hydro power – Renewable Energy World Home Baseload Bitfarms expands Québec mining operations with 13 MW of hydro power No posts to display
Lightning Network matters; if Bitcoin is ever going to become money it needs massive scalability that will enable totally new types of transaction such as micropayments, real time payments and mobile money for the unbanked. Linear scaling is not enough. It must be the kind of non-linear scaling that powered the Internet – like 100x…
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Many Bitcoin fans dreamt that Legacy Finance Institutions would lead the way to mainstream adoption of Bitcoin. This dream was the narrative that drove the last Bitcoin bull market. Now that we maybe in a Bitcoin bear market, that dream has turned out to be a nightmare. Daily Fintech subscribers were told HOW this crypto-in…
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Hello friends, and welcome back to Week in Review! Last week, I wrote about tech taking on Disney. This week, I’m talking about the search for a new crypto messiah. If you’re reading this on the TechCrunch site, you can get this in your inbox from the newsletter page, and follow my tweets @lucasmtny. The…
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Yes, I think Bitcoin (and other crypto) is in a bear market. I have no idea how low we will go or how long it will take. The previous bull/bear markets offer some guidance each bull market has been driven by different types of people: -2013 was the cypherpunks (deeply techie and anti authoritarian). -2017…
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Monica Long Contributor As the price of bitcoin hits record highs and cryptocurrencies become increasingly mainstream, the industry’s expanding carbon footprint becomes harder to ignore. Just last week, Elon Musk announced that Tesla is suspending vehicle purchases using bitcoin due to the environmental impact of fossil fuels used in bitcoin mining. We applaud this decision,…
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Tesla CEO and self-dubbed Technoking is back-peddling on the company’s stance about bitcoin and has suspended purchases of its electric vehicles with the cryptocurrency. The change of stance, which was delivered via tweet, comes just weeks after Tesla CFO and dubbed “Master of Coin” Zach Kirkhorn said the company believes in the longevity of bitcoin,…
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Shares of Square are up more than 6% today after the American fintech company reported a staggering $5.06 billion in revenue in its Q1 2021 earnings report, far ahead of an expected tally of $3.36 billion. By posting the huge revenue beat, Square grew 266% compared to its year-ago Q1. Because that’s the sort of…
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