Search Results for: insists

Jack Dorsey’s Payments Company Is ‘Officially Building an Open Bitcoin Mining System’

by

In mid-October 2021, Twitter founder Jack Dorsey revealed the payments firm Block Inc. (formally Square) was considering joining the bitcoin mining industry. Three months later, Dorsey tweeted that his firm was “officially building an open bitcoin mining system.” The Block’s Hardware…

Bank of Russia Has Tools to Restrict Crypto Investments, Governor Hints

by

The Central Bank of Russia has reaffirmed its opposition to cryptocurrency investments citing the volatility of the digital assets as a key motive for its conservative stance. Governor Elvira Nabiullina has recently indicated that the regulator has the means to restrict…

Multicoin Capital Exec Says There ‘May Not Be a Crypto Bear Market at All,’ Claims ‘Bitcoin Will Get Flipped’

by

While the crypto economy has tumbled in value during the last two weeks, the managing partner at Multicoin Capital, Kyle Samani, recently shared his views on why he thinks the “next bear market will not be like the last one.” In…

Salvadoran Ecologist Claims Nayib Bukele’s Volcano-Powered Bitcoin Mine Will ‘End in Environmental Disaster’

by

El Salvador’s leading ecologist Ricardo Navarro believes that mining bitcoin with a volcano, or geothermal energy, will “end in environmental disaster.” Navarro believes geothermal energy costs more than oil, and thinks El Salvador’s millennial president Nayib Bukele’s decision is questionable. Salvadoran…

Annual Volume of Crypto Transactions Made by Russians Reaches $5 Billion, Bank of Russia Finds

by

With the growing capitalization of the crypto economy, Russians have been making crypto transactions worth billions of dollars a year, data gathered by the Central Bank of Russia shows. Russian residents are some of the most active participants in the crypto…

Jury to Decide Fate of Billion-Dollar Bitcoin Lawsuit Involving Craig Wright

by

On Tuesday, November 23, the closing arguments for both sides of the Kleiman v. Wright trial finished and now ten jurors will decide the fate of the billion-dollar bitcoin lawsuit. While Craig Wright claims he’s Satoshi Nakamoto, he also insists the…

‘Inflation in the News Driven by Rich People’ — Media Pundits Claim ‘Inflation Is Good’ as Americans Struggle With Less Purchasing Power

by

Inflation in the U.S. has a large number of Americans worried about the future of their purchasing power as the cost of goods and services has continued to rise faster every month. Reports note that Americans are struggling to pay for…

Onecoin Victims Petition Bulgaria for Seizure of Assets and Compensation

by

A lawyer representing investors defrauded by the notorious crypto scam Onecoin has urged authorities in Bulgaria to act on the case, claiming that the “world’s largest pyramid scheme” is still operating from the country. In a petition with the Bulgarian Constitutional…

South African Crypto Token Holders Concerned About Status of Funds, Unable to Withdraw as Promised

by

A group of South African cryptocurrency investors have voiced concerns about the fate of their investment in the Fight to Fame (F2F token) after they reportedly were unable to withdraw their funds as promised. Token Sale Attracts Over 2,000 Applicants According…

Russian Officials Back Idea of Recognizing Crypto Miners as Entrepreneurs

by

Cryptocurrency mining should be recognized as an entrepreneurial activity under Russian law and taxed accordingly, representatives of key ministries in Moscow and the parliament have indicated. Officials believe the regulatory move would benefit both the state and the crypto industry. Russian…