#1 Source for BlockChain News

Category archive

bitcoin news latest

Square

Square is Hiring | You Can Be Paid in Bitcoin if You Want

Twitter and Square founder Jack Dorsey has always been bullish in his Bitcoin views. So it’s no surprise that his payments startup Square is now offering new employees the chance to be paid in Bitcoin. According to tweets from the CEO, the company is on the hunt for skilled labor to add to the team.

Square Bitcoin Payments

If Dorsey’s tweets are anything to go by, then the company is hiring engineers and a designer to “work full-time on open source contributions to the bitcoin/crypto ecosystem.” 

The Square cash app already supports Bitcoin purchases and sales so it is intriguing to think of what these new hires may be working on.

But beyond that tweet, information is scarce. However, what is notable, is that these new hires will be able to be paid in Bitcoin if they so choose. It makes sense that Square would offer this option, Dorsey being a major advocate of cryptocurrency, earning himself the nickname Bitcoin Evangelist.

His belief is that Bitcoin should become the world’s single native currency and using it is moving forward.

>> Polymath Partners with SeriesOne for Security Token Issuance

Impactful

Dorsey added in a separate Tweet that “the most impactful thing” his company can do is to build upon the current cryptocurrency ecosystem. And this is one way it can give back to the community.

He commented:

“Square has taken a lot from the open source community to get us here. We haven’t given enough back. This is a small way to give back, and one that’s aligned with our broader interests: a more accessible global financial system for the internet.”

Dorsey recently spoke in a podcast about the Square app saying how payment apps like it are the future for cryptocurrency:

“We’re empowering the electrician to send invoices, setting up the food truck with a delivery option, helping the clothing boutique pay its employees, and giving the coffee chain capital for a second, third, and fourth location.”

What do you think? Would you like a job working for Square?

Featured Image: DepositPhotos © sdecoret

If You Liked This Article Click To Share

!function(f,b,e,v,n,t,s)if(f.fbq)return;n=f.fbq=function()n.callMethod?
n.callMethod.apply(n,arguments):n.queue.push(arguments);if(!f._fbq)f._fbq=n;
n.push=n;n.loaded=!0;n.version=’2.0′;n.queue=[];t=b.createElement(e);t.async=!0;
t.src=v;s=b.getElementsByTagName(e)[0];s.parentNode.insertBefore(t,s)(window,
document,’script’,’https://connect.facebook.net/en_US/fbevents.js’);
fbq(‘init’, ‘894368744004449’);
fbq(‘init’, ‘447469122301599’);
fbq(‘init’, ‘1763072463990516’);
fbq(‘track’, ‘PageView’);

(function(d, s, id)
var js, fjs = d.getElementsByTagName(s)[0];
if (d.getElementById(id)) return;
js = d.createElement(s); js.id = id;
js.src = “http://connect.facebook.net/en_US/sdk.js#xfbml=1&version=v2.6”;
fjs.parentNode.insertBefore(js, fjs);
(document, ‘script’, ‘facebook-jssdk’));

Steve Wozniak

Apple’s Steve Wozniak Says Bitcoin has “Massive Value Creation”

Apple co-founder Steve Wozniak has spoken out about Bitcoin in a revelation that many would consider bullish in sentiment. Wozniak, in an interview with Bloomberg, has said of the coin that “we’ve seen massive value creation.”

He also puts most of the market volatility down to fear-mongering and psychology.

Apple’s Steve Wozniak

The co-founder of Apple has always spoken highly of the coin and once said it would become the world’s single currency.

The interviewer challenged him on this view asking him if he still had the same opinion considering “we’ve seen massive value destruction in Bitcoin.”

But to that question, Steve Wozniak remained as bullish as ever about Bitcoin by saying:

“I’m not sure I can buy that we’ve seen massive value destruction, I think we’ve seen massive value creation.”

Steve Wozniak and Bitcoin

The tech icon has owned Bitcoin in the past. In the interview, he elaborates on this saying that he only kept it to experiment with and to experience the coins development, not for profit or typical investment reasons. He explains how he sold it when the price got really high:

“I don’t want to be one of those people watching the price of Bitcoin, so I sold out.”

Blockchain

Although bullish on Bitcoin, Wozniak has been apprehensive about blockchain—the technology that underpins the digital asset—in the past. He has compared this industry as the next potential dot com bubble believing that many blockchain startups will inevitably over-promise and under-deliver as much as the computer industry did in the ’90s. At an event in New York in June last year, he said the following:

“A lot of the blockchain ideas that are really good by coming out early they can burn themselves out by not being prepared to be stable in the long run.”

On the ’90s hype over the growing computer industry, Steve Wozniak commented: “It was a bubble, and I feel that way about blockchain.”

>> Could Consumers Use the JPM Coin One Day? Maybe

Ripple to the Rescue

And while there is some potential truth in Wozniak’s concern, blockchain companies such as Ripple have been laying the groundwork in recent months to make sure that exact problem doesn’t happen.

Ripple has invested millions of its own hard-cash into a program called the University Blockchain Research Initiative (UBRI). The UBRI is focused on developing the upcoming generation of blockchain developers, ensuring the talent is there to keep this industry alive and growing.

At present, it has 28 universities attached to its self-funded $50 million USD initiative.

Do you agree with Wozniak about Bitcoin? Is he right to be bullish on the coin? Should we be more wary of blockchain hype?

Let us know!

Featured image: DepositPhotos © toxawww

If You Liked This Article Click To Share

!function(f,b,e,v,n,t,s)if(f.fbq)return;n=f.fbq=function()n.callMethod?
n.callMethod.apply(n,arguments):n.queue.push(arguments);if(!f._fbq)f._fbq=n;
n.push=n;n.loaded=!0;n.version=’2.0′;n.queue=[];t=b.createElement(e);t.async=!0;
t.src=v;s=b.getElementsByTagName(e)[0];s.parentNode.insertBefore(t,s)(window,
document,’script’,’https://connect.facebook.net/en_US/fbevents.js’);
fbq(‘init’, ‘894368744004449’);
fbq(‘init’, ‘447469122301599’);
fbq(‘init’, ‘1763072463990516’);
fbq(‘track’, ‘PageView’);

(function(d, s, id)
var js, fjs = d.getElementsByTagName(s)[0];
if (d.getElementById(id)) return;
js = d.createElement(s); js.id = id;
js.src = “http://connect.facebook.net/en_US/sdk.js#xfbml=1&version=v2.6”;
fjs.parentNode.insertBefore(js, fjs);
(document, ‘script’, ‘facebook-jssdk’));

JPMorgan Claims Bitcoin Isn’t Worth Mining Anymore

JPMorgan analysts are taking jabs at Bitcoin once more. The executives at this major US bank have never been fond of digital currency and blockchain technology. Jamie Dimon, JPMorgan’s CEO, temporarily pulled back on his comments when BTC hit its all-time highs. Shortly after, the coin began to crash, and his skepticism picked up again.

According to a Bloomberg report, the bank’s analysts say that it costs more to create one Bitcoin than it’s worth. In Q4 2018, it cost around $4,060 to mine one BTC and currently, the price of the digital currency is $3,584.07.

Bitcoin Falling

Not all miners are paying that top dollar to mine though. Low-cost Chinese miners can pay much less, mining at around $2,400. Natasha Keneva was one of the JPMorgan analysts that released their cryptocurrency report to major news outlets. She claims that these low-cost miners leverage direct purchasing agreements with electricity generators that are looking to sell excess power.

On top of the price, the bank as a whole believes that the true value of digital currencies like BTC is still unproven. The analyst said:

Even in extreme scenarios such as a recession or financial crises, there are more liquid and less-complicated instruments for transacting, investing and hedging.”

>> Binance Launches OTC Trading Desk, Following Bittrex

The cryptocurrency market has been steadily awaiting the flood of Wall Street investments that haven’t occurred on a large-scale like some would have hoped. Bitcoin futures, OTC trading desks, and the hope of Bitcoin ETFs were made to entice pension funds and asset managers, but none have budged.

The prices of digital currencies rose towards the end of December but have quickly corrected, and all gains are almost lost once more. The JPMorgan analysts say that marketplaces, where individuals and small businesses have control over payment methods, would be the most useful for the spread of digital currencies. However, these analysts feel its volatility, propensity for illicit use, and security flaws should all be considered.

Featured Image: Depositphotos © eivanov

If You Liked This Article Click To Share

!function(f,b,e,v,n,t,s)if(f.fbq)return;n=f.fbq=function()n.callMethod?
n.callMethod.apply(n,arguments):n.queue.push(arguments);if(!f._fbq)f._fbq=n;
n.push=n;n.loaded=!0;n.version=’2.0′;n.queue=[];t=b.createElement(e);t.async=!0;
t.src=v;s=b.getElementsByTagName(e)[0];s.parentNode.insertBefore(t,s)(window,
document,’script’,’https://connect.facebook.net/en_US/fbevents.js’);
fbq(‘init’, ‘894368744004449’);
fbq(‘init’, ‘447469122301599’);
fbq(‘init’, ‘1763072463990516’);
fbq(‘track’, ‘PageView’);

(function(d, s, id)
var js, fjs = d.getElementsByTagName(s)[0];
if (d.getElementById(id)) return;
js = d.createElement(s); js.id = id;
js.src = “http://connect.facebook.net/en_US/sdk.js#xfbml=1&version=v2.6”;
fjs.parentNode.insertBefore(js, fjs);
(document, ‘script’, ‘facebook-jssdk’));

Bitcoin Price Shows Resilience Above $3,500, Despite ETF Rejection

Bitcoin price is showing resilience in the face of adversity. The latest bad news has failed to knock BTC to the floor. So is there a bull run ahead?

Bitcoin Price

Yesterday, the Chicago Board Options Exchange (CBOE) BZX equity exchange withdrew its request to list a Bitcoin ETF (exchange-traded fund). The news surely has disappointed Bitcoin traders, but it has yet to be reflected in Bitcoin price.

CBOE requested a rule change by the US SEC that would have allowed a Bitcoin ETF listing to be plausible. This potential ETF was backed by VanEck and SolidX.

At the time of writing, BTC is selling for $3,606 USD and down by a slight -0.24% according to CoinMarketCap. But this could be far worse considering the negative climate, if the history of the coin is anything to go by.

Bull Run

The cryptocurrency market has been eagerly anticipating a Bitcoin ETF for some time now. Approval for one would not only give the coin increased legitimacy in the eyes of governmental and financial bodies, but it would more than likely trigger a massive bull run.

To date, applications for a Bitcoin ETF have been sent in and rejected by the SEC in their droves. These have included applications from the Gemini exchange, Bitwise, Proshares, and Direxion, to name only a few. Rejection tends to reflect negatively on the market and on Bitcoin price in particular, which usually decreases steeply on the news.

>> John McAfee Will Run His Presidential Campaign Overseas

Unmoveable

It is interesting to note that today’s rejection is barely affecting Bitcoin price. BTC continues to trade in a sideways manner above $3,500 as it has done all week.

The calm response to the bearish news may simply be market exhaustion. It could also be that this ETF approval was never really expected anyway considering the ETF history. Perhaps the blow was almost anticipated anyway.

Either way, some analysts are predicting a bull run ahead as investors choose to stay calm over the news rather than panic.

Featured Image: Depositphotos © Paulpaladin

If You Liked This Article Click To Share

!function(f,b,e,v,n,t,s)if(f.fbq)return;n=f.fbq=function()n.callMethod?
n.callMethod.apply(n,arguments):n.queue.push(arguments);if(!f._fbq)f._fbq=n;
n.push=n;n.loaded=!0;n.version=’2.0′;n.queue=[];t=b.createElement(e);t.async=!0;
t.src=v;s=b.getElementsByTagName(e)[0];s.parentNode.insertBefore(t,s)(window,
document,’script’,’https://connect.facebook.net/en_US/fbevents.js’);
fbq(‘init’, ‘894368744004449’);
fbq(‘init’, ‘447469122301599’);
fbq(‘init’, ‘1763072463990516’);
fbq(‘track’, ‘PageView’);

(function(d, s, id)
var js, fjs = d.getElementsByTagName(s)[0];
if (d.getElementById(id)) return;
js = d.createElement(s); js.id = id;
js.src = “http://connect.facebook.net/en_US/sdk.js#xfbml=1&version=v2.6”;
fjs.parentNode.insertBefore(js, fjs);
(document, ‘script’, ‘facebook-jssdk’));

Russia to Avoid US Sanctions with $10 Billion Bitcoin Investment

According to a Russian economist with ties to the Kremlin, the superpower is preparing a massive $10 billion USD investment in Bitcoin to replace its US dollar reserves. Russia’s Bitcoin investment is a step to minimize US sanctions on the country.

Russia’s Bitcoin Investment

Vladislav Ginko, an economist at the Russian Presidential Academy of National Economy and Public Administration, said the Bitcoin investment was a step taken to avoid US sanctions on Russia.

Ginko believes that Russia’s decision to hold Bitcoin as a reserve currency instead of the US dollar is a move being made to “protect [Russia’s] national interests” in light of a possible interruption of “US nominated payments flows for Russian oil and gas.”

Russia’s Bitcoin investment is expected to begin in February. Mr. Ginko furthered:

“[The] Russian government is about to make a step to start diversifying financial reserves into Bitcoin since Russia [is] forced by US sanctions to dump US Treasury bonds and [take] back US dollars […]These sanctions and the will to adopt modern financial technologies lead Russia to the way of investing its reserves into Bitcoin.”

US Sanctions Behind the Bitcoin Investment?

US sanctions have hit the Russian rouble hard. Now the superpower wants to replace some of its US dollar reserves with the world’s largest cryptocurrency by market cap.

>> Are Stablecoins the Future? The Winklevoss Twins Seem to Think So!

Recent US sanctions on Russia came after the poisoning of former Russian military officer Sergei Skripal in London. The former Russian military officer was a double agent for the UK’s Intelligent Services. Two active Russian military intelligent officers attacked Sergei and his daughter Yulia, with a nerve agent.

Russia and Crypto

Cryptocurrencies are very popular in Russia and even receive approval by the country’s President Vladimir Putin. According to Ginko, the cryptocurrency industry accounts for 8% of Russia’s GDP.

The Bitcoin investment is not the only sign of ‘de-dollarisation’ by the country. It has recently bolstered its supply of the euro, Chinese renminbi, and Japanese yen.

Featured Image: Depositphotos © KostyaKlimenko

If You Liked This Article Click To Share

!function(f,b,e,v,n,t,s)if(f.fbq)return;n=f.fbq=function()n.callMethod?
n.callMethod.apply(n,arguments):n.queue.push(arguments);if(!f._fbq)f._fbq=n;
n.push=n;n.loaded=!0;n.version=’2.0′;n.queue=[];t=b.createElement(e);t.async=!0;
t.src=v;s=b.getElementsByTagName(e)[0];s.parentNode.insertBefore(t,s)(window,
document,’script’,’https://connect.facebook.net/en_US/fbevents.js’);
fbq(‘init’, ‘894368744004449’);
fbq(‘init’, ‘447469122301599’);
fbq(‘init’, ‘1763072463990516’);
fbq(‘track’, ‘PageView’);

(function(d, s, id)
var js, fjs = d.getElementsByTagName(s)[0];
if (d.getElementById(id)) return;
js = d.createElement(s); js.id = id;
js.src = “http://connect.facebook.net/en_US/sdk.js#xfbml=1&version=v2.6”;
fjs.parentNode.insertBefore(js, fjs);
(document, ‘script’, ‘facebook-jssdk’));

1 2 3 14
Go to Top
%d bloggers like this: