Search Results for: Srinivasan

Ex-Coinbase Exec Balaji Srinivasan Closes Out $1 Million Bitcoin Bet

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Former Chief Technology Officer at Coinbase, Balaji Srinivasan, closed out early a bet that the price of bitcoin would hit $1 million by mid-June amid hyperinflation of the U.S. dollar. Srinivasan paid a total of $1.5 million, more than the initially…

Reverse Engineering the Future: Bitcoin.com Team Members Weigh In on ETHGlobal Tokyo Hackathon

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The ETHGlobal Tokyo hackathon drew to a close on Sunday, as builders from around the world competed for $375,000 in prizes. The event was kicked off with the first-ever ETHGlobal “Pragma” summit, sponsored by Verse, among others. Engineers and representatives from…

US Presidential Candidate RFK Jr. Says Bitcoin Provides An ‘Escape Route’ From Financial Turmoil

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On Monday, Robert F. Kennedy Jr. once again cautioned the public to be wary of central bank digital currencies (CBDCs), and he insisted that the Biden administration has launched a “steady barrage of hostile broadsides against cryptocurrencies.” Kennedy, who recently filed…

Qatar Central Bank Studying Digital Banks and CBDCs

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Qatar Central Bank is presently examining the possibility of issuing a digital currency as well as digital bank licensing, an official has said. The official adds this study will help the central bank get an understanding of what its area of…

Jack Dorsey and Elon Musk Raise Concerns Over Web3 as Skepticism About Ownership Grows

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Former Twitter CEO Jack Dorsey has ignited a debate about web3 after Tesla CEO Elon Musk criticized it. Dorsey warned of the risks from centralization, emphasizing that web3 is owned by venture capitalists (VCs), hiding under the premise of decentralization. “I’m…

New York City Mayor-Elect Eric Adams Will Take First 3 Paychecks in Bitcoin, Promises to Make NYC Center of Crypto

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New York City Mayor-elect Eric Adams says that he will take his first three paychecks in bitcoin. He has also promised to make NYC the center of crypto. “NYC it’s going to be the center of the cryptocurrency industry and other…