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When Microstrategy Inc. bought $425 million bitcoin in the last two months, the decision became an important stamp of institutional approval of the top crypto’s credentials as a mature, safe-haven asset. The American technology firm had just made bitcoin its primary reserve asset to hedge against fiat inflation. Now, it appears major global companies are … Read more
Would decentralized governance save social media platforms from polarizing its users with its politics? Go to Source Powered by WPeMatico
Square Inc. has put 1% of its total assets in bitcoin worth about $50 million. The company believes that “cryptocurrency is an instrument of economic empowerment and provides a way for the world to participate in a global monetary system.” Square’s Major Bitcoin Buy Square Inc. announced Thursday that it has bought approximately 4,709 bitcoins … Read more
They went so far as to refer to cryptocurrency as “an instrument of economic empowerment.” Go to Source Powered by WPeMatico
Twitter CEO Jack Dorsey has called out Coinbase for seeking to suppress political activism and suggesting employees who think differently should leave. Go to Source Powered by WPeMatico
He also took the time to discuss how content saved via Blockchains becomes effectively immutable. Go to Source Powered by WPeMatico
The Square CEO remains a vocal champion of the Blockchain space. Go to Source Powered by WPeMatico
Andrew Hamilton, the CEO of legal firm JPB Liberty, is ready to file a class-action lawsuit seeking billion in damages from the social media “cartel” that sought to kill crypto in 2018. Go to Source Powered by WPeMatico
Bitcoin trading drove $875 million in quarterly revenue for the U.S-based financial services firm Square, comprising a 75% gain over Q1 2020. Go to Source Powered by WPeMatico
In this week’s newsletter, we look at a series of developments that test the limits of governmental authority over crypto, as well as the contest with social media. Go to Source Powered by WPeMatico
