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Jack Dorsey confirms Block’s next big move
Jan17

Jack Dorsey confirms Block’s next big move

Image Credit: MSN Since announcing his decision to step down as Twitter CEO, Jack Dorsey has been promoting Block. Just so you know, Block is Jack Dorsey’s payment platform formerly known as Square. Block’s general manager for hardware Thomas Templeton outlined the company’s plans. Templeton said the goal is to make bitcoin mining more efficient in every way, “from buying, to set up, to maintenance, to mining.” What has been said? The...

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Walmart Plans to Create Its Own Cryptocurrency and NFTs — According to Filings
Jan16

Walmart Plans to Create Its Own Cryptocurrency and NFTs — According to Filings

It’s quietly preparing to enter the metaverse.  Walmart Filed New Trademarks Indicating Its Intent to Enter the Metaverse Late last month, the huge retailer filed various new trademarks. They indicate their ambition to sell and make virtual goods, such as home decorations, sporting goods, and personal care products. But in a separate filing, Walmart stated that it would also offer its users a visual current and non-fungible tokens...

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Kosovo Axing Bitcoin Miners to Ease Energy Crisis
Jan16

Kosovo Axing Bitcoin Miners to Ease Energy Crisis

Bitcoin enthusiasts in Kosovo are now attempting to sell off their mining equipment.  Kosovo Implements Immediate Ban on Crypto Mining Activity Kosovo is one of the countries that wants to banish the crypto industry.  In September, China started a full ban on crypto mining activities. As a result, producers started to seek new homes.  Many of them went to Nordic nations. Others, however, tapped coal in Kazakhstan, Iran, Kosovo, and...

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PayPal Confirms It’s Exploring Its Own Stablecoin
Jan09

PayPal Confirms It’s Exploring Its Own Stablecoin

The cryptocurrency is backed by the US dollar.  PayPal Launching Its Own Stablecoin  The evidence of the move was found in its iPhone app. PayPal said in a statement to Bloomberg: “We are exploring a stablecoin; if and when we seek to move forward, we will of course, work closely with relevant regulators.” PayPal opened its crypto trading in 2020. All eligible users can buy, sell and hold bitcoin, litecoin, bitcoin cash,...

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UK’s advertising regulator comes down hard on Arsenal over fan token ads
Dec22

UK’s advertising regulator comes down hard on Arsenal over fan token ads

Image Credit: Arsenal FC The UK Advertising Standards Authority (ASA) has come down hard on Arsenal FC for failing to explain risk and misleading fans about the volatility of cryptocurrency assets. The regulatory body in a ruling made available on Wednesday expressed its displeasure with the way the London club branded the latest token offering. The two ads promoted the $AFC token, one via a Facebook post, while the other on a web...

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Hackers Stole $196 Million in Cryptocurrencies from Bitmart
Dec06

Hackers Stole $196 Million in Cryptocurrencies from Bitmart

Bitmart called it “a large-scale security breach.”  Withdrawals Temporarily Suspended  Hackers took $196 million from Bitmart, a crypto trading platform. In an official statement, Bitmart called it “a large-scale security breach.” The bad actors withdrew an estimated $150 million in assets. However, a security firm estimated that the loss is actually closer to $200 million.  Because of the breach, the platform temporarily...

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