Bitcoin

Michael Saylor – CEO of Microstrategy – has kicked off his Bitcoin for Corporations event, presenting the benefits of Bitcoin for businesses. The first virtual keynote was delivered by Block CEO and Twitter co-founder Jack Dorsey, who has centered his business’s focus around the network. In their first direct public meeting, both billionaires discussed their fascination with Bitcoin and its revolutionary potential. They also highlighted why it's extraordinary compared to other cryptos. A Meeting Of Maximalists Saylor began his interview…

Amid a sea of over 17,000 cryptocurrencies today, Fidelity still considers Bitcoin unique from the crowd. The $4 trillion asset manager recently released a report arguing that Bitcoin is a superior monetary good to all other cryptos. That said, it highlights other cryptocurrencies and chains as thriving in different market niches. Therefore, they are complementary – not competitive – to Bitcoin. Bitcoin is One-of-a-Kind Fidelity’s report – titled “Bitcoin First” – was posted to its site on Monday by Chris…

Yet another public figure is interested in being paid with cryptocurrency, as opposed to fiat money. This time, it's Tom Emmer – the Republican representative for Minnesota’s 6th congressional district. Should he follow through, Emmer would be the first US national politician to experiment with a crypto-based salary. ‘Why Not?’ Says Emmer Emmer expressed openness to the idea in an interview with Bitcoin podcaster Anthony Pompliano on Monday. Pompliano mentioned the growing popularity of Strike’s “Pay Me In Bitcoin” service,…

That was quick: it looks like one American politician is already trying to get her state on a Bitcoin standard. Senator Wendy Rogers recently introduced a bill to give Bitcoin legal tender status in Arizona. If it will pass, this would mark the first U.S. state to recognize Bitcoin as a currency, following in El Salvador’s footsteps.  Could Bitcoin be Legal Tender in AZ? The bill has already been posted for some time and underwent its first reading by the…

Being rich and famous comes with the freedom to do crazy things, such as gambling away one’s Bitcoin holdings. That’s what Drake – a superstar Canadian rapper – has been doing from home for a couple of days, inadvertently revealing that he owns the asset. The rapper showcased playing roulette with his Bitcoin holdings in an Instagram story Wednesday night. The image – caught by Twitter user @grveth – clearly shows his Bitcoin wallet in play. The rapper was caught…

Vladimir Putin isn’t as hawkish on cryptocurrencies as his nation’s Central Bank authorities. The Russian president recently stated that Bitcoin mining could be “advantageous” to Russia, casting doubt on any ban-like approaches to the sector. Internal Division Putin aired his thoughts on the matter in a government meeting on Wednesday. He began the discussion by addressing the regulation of cryptocurrencies, which he called an “issue in the spotlight”. “We have certain competitive advantages here, especially in the so-called mining,” he…

The International Monetary Fund (IMF) has re-stated its disapproval of El Salvador’s Bitcoin Law.  President Nayib Bukele responded with mockery over social media – as with all of his nation's critics. Even Edward Snowden called out the institution.  IMF Wags its Finger on Bitcoin The institution made its grievances public in a statement from its website on Tuesday. Though it recognized El Salvador’s economic solid recovery after the pandemic, it doesn’t think the Bitcoin law is helping:  “The adoption of…

Bitcoin crashed almost 50%, and McDonald's marketing department is just rubbing it in. "How are you doing, people who run crypto Twitter accounts," they asked on Twitter, as about $130 billion in crypto assets disappeared in 24 hours. Judging by the answers, things are not going that great. Billionaires and crypto exchanged responded with crypto memes and phrases, showing just how bad things are. Crypto exchange Binance perhaps summed up the sentiment best. They responded with an image of a…

A prominent crypto figurehead thinks Bitcoin needs proof-of-stake to stay afloat. The precise opposite is true.     Ben Armstrong  – a crypto investor and YouTuber of over 1.45M subscribers – had a bold take for Bitcoiners this Sunday. As stated to his 792k Twitter followers, he predicted the premier blockchain would “have to change” from using proof-of-work (POW). The creator claimed that an ever-growing environmental lobby would eventually get “too loud” for the mining industry to persist. Meanwhile, he cited…