In brief Jack Dorsey, a Bitcoin proponent, has stepped down as CEO of Twitter. CTO Parag Agrawal is taking over as CEO after overseeing Twitter’s Web 3 projects. In a surprise move, Jack Dorsey today stepped down as Twitter CEO, giving way to Twitter CTO Parag Agrawal. According to a press release, Agrawal, who has been with the company since…
Bitcoin & Dark Matter The Center Cannot Hold: 14 Just as one cannot weigh light or sound, neither can one weigh Bitcoin. While there are several common material components to Bitcoin such as mining machines, hardware wallets, seed plates, and nodes, much of what Bitcoin is, is immaterial. In physics, matter can be defined as anything that has mass and…
Google has warned users about the use of its Google Cloud platform by malicious actors to mine cryptocurrencies. In its latest Cloud Threat Intelligence report titled “Threat Horizons,” which provides users with security insights, the company informed that 86% of the compromised instances on Google Cloud platforms were being used to mine cryptocurrencies. Most of the accounts compromised were secured…
Galaxy Digital, a cryptocurrency brokerage and merchant bank founded by billionaire investor Michael Novogratz, announced on Monday that it would be issuing $500 million in exchangeable senior notes to accelerate business initiatives. The debt is convertible into company equity and bears an interest rate of 3% per annum, with maturity in 2026. New expansion areas include nonfungible tokens, or NFTs,…
Engiven, a crypto donation platform that has helped facilitate contributions to the Salvation Army and others, expects religious groups and non-profit organizations will see significant charitable payments in crypto tomorrow for Giving Tuesday. The Tuesday after Thanksgiving is celebrated in the United States as a day when people and organizations come together to donate their time and money towards worthwhile…
In brief Israel is advancing its research into a possible central bank digital currency (CBDC), the country’s central bank governor said today. But Israel is still not 100% sure it will release a CBDC. Israel is fast-tracking its research and development efforts for its own central bank digital currency (CBDC), Reuters reported today, citing the Bank of Israel governor. Amir…
Wyoming is on a mission to house 5% of the U.S. Bitcoin mining hashrate by the next halvening in May 2024. This goes hand-in-hand with Wyoming’s strengths and aligns well with economic development and job creation goals. For context, Wyoming has the lowest population density in the lower 48 U.S. states at six people per square mile (neighboring Colorado houses…
The performance of cryptocurrencies in the past 7 days might have seemed slightly unexciting, especially since the total market capitalization increased by “only” 1.8% to reach $2.7 trillion. However, even with the muted price action, some altcoins managed a decent rally. Bitcoin (BTC), on the other hand, was down 6% until Nov. 28, but it still managed to close the…
In brief Twitter CEO Jack Dorsey may be the most prominent Bitcoin booster in corporate America. His departure has triggered a flurry of speculation, including some notable tweets. Jack Dorsey, the CEO of Twitter, dropped a Monday morning bombshell by announcing he was leaving the company he-founded and has led since 2015. The news produced a stir since Twitter is…
This month, the price of bitcoin sank below the $60K zone this month after reaching an all-time high (ATH) at $69K per unit. The pseudonymous bitcoin analyst and the creator of the bitcoin price model called stock-to-flow (S2F), Plan B, called the last three months of bitcoin prices correctly but the analyst’s “worst-case scenario” forecast missed the mark in November.…
