David Marcus, the former head of Meta Platforms Inc-owned Facebook’s crypto project Diem, has launched a Bitcoin payments startup. What Happened Marcus and a few ex-Meta crypto team members have started a new venture, according to a report from TechCrunch on Thursday. The new company, called Lightspark, would build on the Bitcoin Lightning Network. It will reportedly…
Bitcoin Tumbles to Lowest Value Since July 2021
The cryptocurrency bitcoin fell to its lowest value since July 2021 during May 9 trading amidst a fall in stock indexes as central banks around the world raised key interest rates. After opening at about $34,000, bitcoin was trading at $32,152 as of 16:38 UTC (12:38 p.m. Eastern time). Compared to the 2022 peak of…
Bitcoiners Criticize House Democrats’ Letter to EPA
May 3, 2022
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Jack Dorsey, Anthony Scaramucci, Michael Saylor, and other high-profile Bitcoiners have cosigned a letter to the Environmental Protection Agency (EPA) challenging House Democrats’ claims that their cryptocurrency threatens the environment. Peter St Onge, an economist with the Heritage Foundation, voiced agreement with the letter in an interview with The Epoch Times. “Bitcoin is orders of…
Swiss National Bank Opposed to Holding Bitcoin as a Reserve Currency
ZURICH—The Swiss National Bank is against buying and holding bitcoin as a reserve currency, Chairman Thomas Jordan said at the central bank’s annual general meeting on Friday. “Buying bitcoin is not a problem for us, we can do that either directly or can buy investment products which are based on bitcoin,” Jordan said. “We can…
Four Takeaways From Buffett’s Remarks on Berkshire Hathaway Annual Meeting
April 30, 2022
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Berkshire Hathaway Inc. kicked off its annual meeting on Saturday in Omaha, Nebraska. Warren Buffett, CEO of the company, and Berkshire’s vice chairman discussed a wide range of topics at the opening of the meeting. Tens of thousands of investors packed an Omaha arena Saturday at Berkshire’s annual meeting that was back in person for…
4 Takeaways From Buffett’s Remarks at Berkshire Hathaway Annual Meeting
April 30, 2022
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Berkshire Hathaway kicked off its annual meeting on April 30 in Omaha, Nebraska. Warren Buffett, CEO of the company, and Berkshire’s vice chairman discussed a wide range of topics at the meeting’s opening. Tens of thousands of investors packed an Omaha arena at Berkshire’s annual meeting, which was back in person for the first time…
Crypto Miners’ Electricity Use in Texas Would Equal Another Houston
By Naureen S. Malik From Bloomberg News The Texas grid operator expects to increase electricity demand by up to 6 gigawatts by mid-2023, more than enough to power every home in Houston. The forecast from the Electric Reliability Council of Texas is the first official estimate on how much stress miners are apt to put…
Why Is Tennessee Looking for a Crypto Custody Service Provider?
The Tennessee Department of Treasury is seeking vendors who can manage cryptocurrency on their behalf. In a request for proposals (RFP) letter, the department said that Tennessee doesn’t possess cryptocurrencies at present, but is working to safely hold digital assets in the near future. The department will first ensure the crypto custody service provider can provide services…
Business Chart of the Day: Bitcoin’s Support at This Area
Since April 11, every time Bitcoin dropped to levels around $39,665, it reversed. That’s because there is support there. Support is a large group of investors who are all looking to buy something at, or close to, the same price level. At support levels, there are typically more buyers than sellers. The demand from the…
Crypto Exchange Currency.com Registers With FinCEN: A New Compliant US Crypto Exchange
April 22, 2022
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Cryptocurrency and tokenized asset exchange Currency.com set its foot in the United States following registration with the Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) as a money services business. In an announcement shared with Benzinga on Thursday, Currency.com announced that it will launch in 48 states and territories across the United States and…
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