At the Bitcoin 2022 conference in Miami, Block, Inc., formerly Square, Inc., announced three new bitcoin services for the company’s mobile payment platform. The mobile payment platform Cash App will feature a “paid in bitcoin” service that allows users to auto-invest their work pay into bitcoin. Cash App Adds 3 New Bitcoin Services Jack Dorsey’s Block announced in Miami that…
The U.S. dollar’s ability to continue its rally in Q2 could prove fatal for Bitcoin (BTC), which has demonstrated inverse correlation with the dollar since January 2022. BTC/USD daily price chart featuring correlation with DXY. Source: TradingView Dollar paints “bull flag” The U.S. dollar index (DXY), which measures the greenback’s strength against a basket of foreign currencies, reached its 21-month…
The HBAR Foundation, a not-for-profit independent organization of distributed ledger firm Hedera Hashgraph, has announced the establishment of a $250 million dollar metaverse fund to drive consumer brand adoption of tokenized Web3 applications. The foundation’s team has identified applications within both the Web3 and Hedera ecosystems building direct from business-to-consumer, and acting as a reciprocal middle-man between all parties for the metaverse…
There’s seemingly few people who arouse such polarized responses in the Bitcoin community as Peter Thiel. Love him or hate him, he’s an exceptionally influential individual in modern finance and tech, and when it was announced that he would be speaking at Bitcoin 2022 in Miami, many were curious what he would say. Previously, Thiel has said “You’re supposed to…
The Ultimate Fighting Championship (UFC)—the world’s marquee professional mixed martial arts competition—is set to pay fighter bonuses in Bitcoin via a partnership with crypto exchange Crypto.com. The organization will dole out Bitcoin payouts to the top three fighters on every UFC pay-per-view event. A spokesperson for Crypto.com told Decrypt the exchange, a UFC sponsor, is supplying the bonuses, not UFC. Fan votes…
U.S. Treasury Secretary Janet Yellen’s stance on cryptocurrencies has softened, but there was still plenty of skepticism during her speech on digital assets at American University this morning. Yellen laid out federal regulators’ plans for reckoning with the possibility of reduced reliance on centralized intermediaries, like banks and credit card companies. She also restated her concerns regarding stablecoins. “Most issuers…
Stock and cryptocurrency trading app Robinhood announced at the Bitcoin 2022 conference today that it’s making plans to add the Bitcoin Lightning Network to its platform for speedier BTC transactions. It also shared that eligible users from its beta crypto waitlist can now send and receive crypto through its crypto wallet feature. Lightning is a layer-2 network built on top…
As told by Aid for Ukraine, a joint initiative created by the Ukrainian government, FTX, Everstake, and Kuna to rally crypto donations for the country, Ethereum (ETH) co-founder Vitalik Buterin made $5 million worth of ETH donations to Ukraine in early April. According to the entity, despite the large donation sum, Buterin did not make an announcement regarding the transaction.…
Robinhood announced the addition of cryptocurrency investments to its platform in January 2018. But, much to the chagrin of Bitcoiners, the app didn’t include the option to withdraw assets from the platform. Robinhood announced an alpha version of its proprietary cryptocurrency wallet in September 2021 and the beta version on January 3, 2022 (otherwise known as “Proof Of Keys Day”).…
Ethereum classic was easily the biggest gainer in the top 30 on Thursday, as the global crypto market was trading 0.9% lower as of writing. ZEC was also higher on the day, in what was a choppy session, as volatility remained higher, following a recent decline in prices. Ethereum Classic (ETC) Ethereum classic (ETC) was one of the only cryptocurrencies…
