Decentralized protocols, finance philosophy, and investing.
At least 26 public corporations are holding bitcoin on their balance sheets, according to data compiled by cryptocurrency analytics firm CoinGecko. Since the price of cryptocurrencies began to plummet in November, they’ve collectively lost nearly $7 billion. Quartz reports: The price of Bitcoin peaked above $67,000 on Nov. 8, but Read more…
Texas governor candidate Don Huffines said he is “committed to making Texas the citadel for bitcoin and has released a plan detailing the effort. “As a leader in innovation, Texas needs to lead the nation in Bitcoin & cryptocurrency adoption,” it reads. “Not only by acknowledging, supporting, and promoting the Read more…
This new political breed accepts paychecks in Bitcoin. The mayors also want to use buzzy new tech like NFTs to raise money for public projects. The ballooning popularity of Bitcoin and other digital currencies has given rise to a strange new political breed: the crypto mayor. Eric Adams, New York’s Read more…
YouTube Gaming’s top boss, Ryan Wyatt, is leaving the company to join the cryptocurrency company Polygon Studios. Wyatt is expected to depart YouTube at the end of February. Wyatt, a former higher-up at Major League Gaming, joined Google in 2014 and has been the global head of gaming at the Read more…
Cybercriminal gangs laundered an estimated $8.6 billion worth of cryptocurrency last year, in 2021, a 30% rise from the previous year, according to a Chainalysis report published today. The company said it arrived at the number by tracking transactions linked to cybercriminal activity across different cryptocurrency blockchains. This included tracking Read more…
The International Monetary Fund is pushing El Salvador to ditch bitcoin as legal tender, according to a statement released on Tuesday. IMF directors “stressed that there are large risks associated with the use of bitcoin on financial stability, financial integrity, and consumer protection, as well as the associated fiscal contingent Read more…
Quantum computers would need to become around one million times larger than they are today in order to break the SHA-256 algorithm that secures bitcoin, which would put the cryptocurrency at risk from hackers. Breaking this impenetrable code is essentially impossible for ordinary computers, but quantum computers, which can exploit Read more…