Researching more than 100 bitcoin mining companies, it’s clear that this industry is poised to advance energy consumption more than any other.This is an opinion editorial by Ritabrata Santra, an engineer focused on energy tech.I bought my first bitcoin in 2016. I was a college sophomore and it was my second year living in the
The embattled crypto lender has filed a slew of voluntary bankruptcy notices in order to restructure itself.Genesis’s two lending subsidiaries, Genesis Global Capital and Genesis Asia Pacific, have filed for Chapter 11 bankruptcy. According to the announcement, the firm aims to enact “a global resolution to maximize value for all clients and stakeholders and strengthen
According to CLO Daniel Schoenberger, the team developed a “workable theory of how token morphing may be achieved” for DOT based on the SEC’s concerns and federal securities laws. The entity supporting research and development of Polkadot as well as overseeing fundraising efforts for the blockchain has argued that the United States Securities and Exchange
Bitcoin is becoming more popular in its use as a medium of exchange. Some tenants and landlords may prefer to transact exclusively in bitcoin.Jenna Hall is a content marketing coordinator at Redfin. Redfin does not provide legal, tax, or financial advice. This article is for informational purposes only and is not a substitute for professional
Abra announced its international venture and U.S. bank would work with officials to ensure regulatory and legal compliance and planned to launch in 2022 and 2023, respectively. Cryptocurrency trading platform Abra said it was “in the process of” establishing a United States-based state-chartered bank allowing clients to deposit digital assets.In a Monday announcement, Abra said
Data from March reportedly showed the largest number of U.S. trademark filings in 2022, with 1,078 for NFTs, 604 for cryptocurrencies, and 759 for the metaverse. The number of U.S. trademarks filed related to cryptocurrencies, nonfungible tokens, Web3, and the metaverse since January have reportedly passed those in 2021.According to data compiled by intellectual property
FTX saw its 2021 revenue grow from $89 million to hit over $1 billion as the crypto market rallied. Growth came amid huge expansion across the globe, CNBC said in a report citing leaked documents. Despite crypto winter, FTX has looked to add to its growing portfolio of companies. FTX saw its revenue grow more
The properties of bitcoin reflect many of real estate’s value offers on top of fundamentally more secure custody.This is an opinion editorial by Leon Wankum, one of the first financial economics students to write a thesis about Bitcoin in 2015.Bitcoin has a unique value proposition. As a protocol for exchanging value it allows you to
Illegal gold miners will cease their operations when gold is no longer as valued as bitcoin, solving the destruction of ecosystems in the Amazon.Puerto Maldonado in Peru’s Madre de Dios province feels like a frontier town. Dusty streets, ramshackle buildings, new construction and the hustle and bustle of people who want to make it. Tourists…
Using a credit card to pay for purchases has negative implications for businesses and consumers. Bitcoin provides a better, alternative payment method.Contrary to some predictions, Bitcoin is quickly becoming an accepted means of conducting transactions. Major companies like online retailer Overstock.com and mobile provider AT&T already allow customers to pay in bitcoin. And the list…
Crypto is going mainstream, and crypto adoption will likely continue to increase in the years to come. But, in which specific areas? Using cryptocurrencies for employee compensationSeveral companies have already started paying employees in crypto. There are several advantages to using cryptocurrencies for employee compensation, especially for companies with a global workforce. First, cryptocurrencies are borderless,…
The virtual currency, which employees have reportedly dubbed “Zuck Bucks,” will be aimed at use in the metaverse. Social media giant Facebook’s parent company Meta is reportedly planning to introduce virtual currency as well as lending services to apps it owns, with Facebook, WhatsApp, Instagram, and Messenger potentially being among those impacted. According to a Financial…
“While Russia uses tanks to destroy Ukraine, we rely on revolutionary blockchain tech,” said the country’s minister of digital transformation Mykhailo Fedorov. The Ministry of Digital Transformation in Ukraine has started an online nonfungible token museum aimed at preserving the timeline of major events starting with the Russian military invading the country.In a Friday tweet,…
Bitcoin’s finite supply poses challenges to big banks’ traditional tactics of price manipulation.Part One: But This Is How We’ve Always Done Things …There is a great story floating around the web about a married couple and a ham (full story). In brief, the wife is preparing a ham for dinner and in doing so, cuts…
With the rise of Bitcoin’s network effects comes the equivalent demise in legacy finance’s network effects.Bitcoin’s price and ecosystem benefit from network effects.As more users join, demand pressure increases the price of bitcoin, which in turn attracts more buyers in a self-reinforcing cycle. Similarly, user growth creates a larger market with more liquidity, incentivizing businesses…
Having recently closed our acquisition, please join me in welcoming Magic Carpet to Blockchain.com. The Magic Carpet team brings extensive machine learning and AI expertise to our growing Institutional business.Founded in 2017, the company was the brainchild of Jean David Wurtz, Guillaume Pernelle, Daniel Baeriswyl and George Marangos-Gilks, who aimed to use deep machine learning…
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