Category: Adoption

Jack Dorsey and Jay-Z to collaborate on Bitcoin development fund

Twitter boss Jack Dorsey and rapper Shawn Carter, also known as Jay-Z, are funding a Bitcoin trust. Both will pool together 500 BTC, approximately $24 million, to make this happen. ₿trust will operate as a blind irrevocable trust and will focus on Bitcoin development initially in Africa and India. Dorsey has opened applications for three…

February 12, 2021
Jack Dorsey, Jay-Z Launch Bitcoin Development Endowment

Earlier today, Twitter CEO Jack Dorsey announced a partnership with hip-hop mogul and billionaire Sean Carter, aka Jay-Z, to create a Bitcoin development endowment focused initially on teams in India and Africa. JAY-Z/@S_C_ and I are giving 500 BTC to a new endowment named ₿trust to fund #Bitcoin development, initially focused on teams in Africa…

February 12, 2021
JPMorgan will get into Bitcoin ‘at some point’, says co-president

JPMorgan co-president Daniel Pinto said that the current demand “isn’t there yet” for the firm to get into Bitcoin, but he is sure that “it will be at some point.”

February 12, 2021
Bitcoin market cap briefly tops $900 billion

Bitcoin’s market cap was less than $100 million short of $1 trillion for a few brief moments today.

February 11, 2021
Tesla made more money buying BTC in one day than it did selling cars last quarter

The electric car manufacturer has profited more from its $1.5 billion Bitcoin position in a single day than it did selling cars in Q4 2020. With its massive position pushing BTC’s price up over 23 percent, Tesla made over $365 million dollars between Feb. 8 and Feb. 9. Tesla’s poor Q4 2020 performance makes BTC…

February 11, 2021
Andrew Yang says he’ll transform NYC into a Bitcoin hub if elected mayor

Andrew Yang has plans for New York City that cryptocurrency users anywhere would find appealing.

February 11, 2021
Amazon, Mastercard look to expand into the crypto space

American corporations Amazon and Mastercard are both looking to enter the cryptocurrency market in the near future, according to some recent reports and an official statement made by the latter. Our philosophy on #cryptocurrency is simple: It’s about choice. Mastercard is preparing right now for the future of #crypto and payments, announcing that this year…

February 11, 2021
America’s oldest bank BNY Mellon follows suit by introducing Bitcoin custodial services

An amazing week for Bitcoin has become even better as America’s oldest bank, BNY Mellon, jumps on board the crypto bandwagon. According to the Wall Street Journal, The U.S. investment bank said it would hold, transfer, and issue Bitcoin and other cryptocurrencies for its clients. The Bitcoin trickle is turning into a flood Recently, it…

February 11, 2021
Uber and Adyen CEOs both say no to Bitcoin for now

The Adyen CEO expressed concern about Bitcoin’s volatility in regards to a payment method, while Uber “quickly dismissed” discussions about purchasing the crypto asset.

February 11, 2021
One of the world’s biggest NFT marketplaces will soon begin minting on Tezos (XTZ)

Prelude – OpenSea, a platform with the highest monthly volume in the NFT industry is going to be adding Tezos-based NFTs to their ecosystem. Tezos becomes the second blockchain to join the OpenSea ecosystem. What is OpenSea? OpenSea is an NFT marketplace with the highest monthly volume in the industry. So far, it only supported…

February 11, 2021