Square’s $50M Bitcoin Buy Is Now Worth $253M
Square’s Cash App deals in bitcoin operationally but a $50 million investment from the publicly traded firm’s cash reserves has grown significantly since being announced last fall.
Square’s Cash App deals in bitcoin operationally but a $50 million investment from the publicly traded firm’s cash reserves has grown significantly since being announced last fall.
The wife of Joaquin “El Chapo” Guzman, the imprisoned former leader of Mexico’s Sinaloa drug cartel, was arrested on Monday over her alleged involvement in international drug trafficking, the U.S. Department of Justice said.
Vaccine passports to enter pubs, restaurants and other venues are still under consideration as Prime Minister Boris Johnson announced a roadmap of when lockdown measures will be lifted.
Data acquired by Finbold indicates that by February 22, 2021, addresses with a Bitcoin balance of over $1 million stands at 109,952. About 9,200 of the addresses each have a balance of about $10 million. The remaining 100,752 addresses have a balance amounting to $1 million each.
Ripple, along with two of its top executives, is being sued by the U.S. Securities and Exchange Commission over unregistered XRP sales.
This past year has given rise to some strange and novel methods of disease containment, including lockdowns and mask mandates. It is unsurprising that the natural next step in this progression has been the development of a movement known as “ZeroCovid.” Its growing influence is, perhaps, predictable given that for nearly a year we have been inundated by the views of so-called experts seeking to legitimize their myopic worldview that public health is determined solely by prevention of Covid-19.
Data collected by The Block Research shows that, for the first time, Ethereum miners have brought in more than $1 billion in revenue for the month of February.
OpenSea, the largest marketplace for non-fungible tokens (NFTs), has witnessed a record sale for a set of ten autoglyphs. The platform revealed on Twitter that the bundle of generative artwork was sold to crypto art fan SethS for 731.65 ETH, or about $1,441,713 as of writing.
During her appearance at the DealBook DC Policy Project on Feb. 22, Treasury Secretary Janet Yellen called the leading cryptocurrency “extremely inefficient” due to the amount of energy it requires to conduct transactions.
Dominion Voting Systems is suing Trump supporter Mike Lindell and his company, MyPillow, for $1.3 billion, after the Minnesota-based CEO accused the company of rigging the election for President Biden.
The price of bitcoin has climbed to phenomenal heights during the last few weeks and this has fueled the crypto asset’s mining sector a great deal. Despite the fact that the Bitcoin network’s mining difficulty has never been higher at 21.72 trillion, the hashrate has climbed to a whopping 180 exahash per second (EH/s) and there’s 23 mining pools dedicating significant hashrate to the Bitcoin blockchain.
KIKLABB, a Dubai-based license bureau, will allow citizens to pay for their visa and trade license fees in digital currencies. KIKLABB has noted a rising interest in citizens interested in making payments via digital currencies, stated CEO Tasawar Ulhaq. The United Arab Emirates government has taken a step towards digital currency payments, with one of its entities becoming the first to accept digital currency payments. Cryptocurrencies are being widely accepted as bitcoin continues to gain mainstream exposure amid its massive winning rally. Earlier, Tesla also announced that the firm is considering accepting bitcoin as payment.
Russia’s parliament has advanced the bill that proposes to recognize cryptocurrencies as property. The proposed law will provide legal protection for cryptocurrencies but income from their activities will also be subject to taxation.
Blockchain technology is revolutionizing the way we interact, transact and share information, with many experts predicting it will be the most disruptive technology in the next decade. After little structural innovation since the 19th and 20th centuries, decentralization has brought industries such as finance, media and technology closer to transparency, freedom from intermediaries and heightened efficiency.