Jack Dorsey wants to build a single system that can improve accessibility to Bitcoin mining and further decentralize the BTC network. American finserv Square will soon begin investigating technical requirements for building an open-source Bitcoin (BTC) mining system, according to CEO Jack Dorsey. Dorsey shared a series of tweets explaining his intent to follow a…
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Users will have the option to set crypto collectibles as their profile pic to impress everyone. Twitter has unveiled an in-development tool that will enable users to display a verified NFT as their profile picture. Mada Aflak, a senior software engineer at Twitter, shared a video demonstrating functionality that allows users to add NFTs to…
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Twitter suspended a number of major cryptocurrency-related accounts, including some of the industry’s biggest influencers. According to a March 10 tweet by Bitcoin (BTC) podcaster Peter McCormack, at least six crypto-related accounts have been recently suspended by Twitter. The listed accounts include some of the most prominent crypto figures on Twitter with over 300,000 subscribers…
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Just hours after an anonymous source claimed India would issue a blanket ban on all cryptocurrencies, Jack Dorsey and Jay-Z announced a 500 Bitcoin development trust. Twitter CEO Jack Dorsey has announced the creation of a blind Bitcoin (BTC) development trust worth 500 BTC ($23.7 million), along with rapper Jay-Z, for teams working on the…
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Days after Donald Trump’s account was banned, Twitter CEO Jack Dorsey explained that it was the right decision, but still sets a dangerous precedent. Twitter CEO Jack Dorsey cited his passion for Bitcoin and decentralization in a 13-Tweet thread today explaining why the company banned U.S. President Donald Trump from the platform last week. Although…
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Major U.S crypto firms are united in opposition to new AML laws proposed by FinCEN, warning they could drive users away from regulated platforms and stifle innovation. Major U.S crypto firms are rallying against FinCEN’s proposed regulations that would force businesses operating with crypto to gather information on the identities of non-customer counterparties. A Jan.…
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The new Bitcoin Clean Energy Investment Initiative will aim to make mining more eco-friendly. On Tuesday, payments giant Square announced a major push to go carbon neutral by 2030. As part of the initiative, Square will be dedicating $10 million to its Bitcoin Clean Energy Investment Initiative, which aims “to support companies that help drive adoption…
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Square’s Cash App has increased Q3 Bitcoin revenue by 1,100% after more than $1.6 billion Bitcoin was purchased by users Cash App, the Bitcoin-friendly mobile payments app from U.S. financial services firm Square, has reported Bitcoin (BTC) has overtaken all other revenue sources, making up almost 80% of its entire revenue in the third quarter.…
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Would decentralized governance save social media platforms from polarizing its users with its politics? Aragon co-founder Luis Cuende told Cointelegraph that the decentralized technology his company has been developing could find its perfect use case on social media platforms like Facebook and Twitter. In recent months, content moderation practices employed by global social media platforms…
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They went so far as to refer to cryptocurrency as “an instrument of economic empowerment.” In a surprise move, Square announced the acquisition of 4,709 Bitcoin (BTC) worth roughly $50 million at time of publication. The company’s co-founder Jack Dorsey has been a long-term proponent of Bitcoin and crypto, while the company’s CashApp allows its…
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