Miami’s mayor Francis Suarez is trying to attract tech talent to his city. (The New York Times recently noted he’s joined by “a few venture capital influencers trying to tweet the city’s startup world into existence.”) So he’s still pushing a proposal to use bitcoin in a few city operations as “part of a larger play if you will to position…
Tag: crypto
Darknet Crypto Kingpin JokerStash Retires After Illicit $1 Billion Run
The kingpin or kingpins of the world’s biggest illicit credit card marketplace have retired after making an estimated fortune of over $1 billion in cryptocurrency, according to research by blockchain analysis firm Elliptic shared with Reuters. From the report: The “Joker’s Stash” marketplace, where stolen credit cards and identity data traded hands for bitcoin and other digital coins, ceased operations this…
Apple Should Create Crypto Exchange and Buy Bitcoin, Says RBC
RBC Capital Markets says Apple should follow in Tesla’s footsteps by getting into cryptocurrencies. Bloomberg reports: The iPhone maker could create a sizable new market for growth if it were to develop its Apple Wallet into a crypto exchange, said analyst Mitch Steves. “The wallet initiative appears to be a clear multi-billion dollar opportunity for the firm (potential for well over…
Elon Musk Says His Start-Up Neuralink Has Wired Up a Monkey To Play Video Games Using Its Mind
Tesla boss Elon Musk said in an interview late Sunday that a monkey has been wired up to play video games with its mind by a company he founded called Neuralink. CNBC reports: Neuralink put a computer chip into the monkey’s skull and used “tiny wires” to connect it to its brain, Musk said. “It’s not an unhappy monkey,” he said…
Reddit Joins With Ethereum Foundation To Build Scaling Tools
Reddit is growing its role in the Ethereum ecosystem, with the goal of building out scaling tools for the blockchain network. From a report: The social media platform announced this week that it was expanding its work with the Ethereum Foundation to provide development resources to scaling tools. In the announcement, posted to the Ethereum subreddit, Reddit employee u/jarins said the…
Robinhood Restricts Crypto Trading ‘Due To Extraordinary Market Conditions’
Robinhood restricted trading in cryptocurrencies on Friday, as the price of bitcoin and a meme-inspired token rose sharply. From a report: Users began reporting that the trading app had halted instant deposits for crypto purchases earlier in the day, meaning they could only buy the currencies with funds already deposited in their accounts. Such deposits can take up to five business…
Gemini Is Launching a Credit Card With Bitcoin Rewards
Later this year, cryptocurrency exchange company Gemini is planning to launch a credit card that earns bitcoin rewards based on your purchases. It’s based on the work done by Blockrize, a fintech startup which Gemini has acquired for an undisclosed sum. TechCrunch reports: The credit card will work like any other credit card and will be available in the U.S. Customers…
ECB’s Christine Lagarde Blasts Bitcoin’s Role In Facilitating Money Laundering
An anonymous reader quotes a report from Bloomberg: European Central Bank President Christine Lagarde took aim at Bitcoin’s role in facilitating criminal activity, saying the cryptocurrency has been enabling “funny business.” “For those who had assumed that it might turn into a currency — terribly sorry, but this is an asset and it’s a highly speculative asset which has conducted some…
Coinbase To Suspend Trading in XRP
Cryptocurrency exchange Coinbase said on Monday it would suspend trading in cryptocurrency XRP after U.S. regulators last week charged associated blockchain firm Ripple with conducting a $1.3 billion unregistered securities offering. From a report: The move by San Francisco-based Coinbase comes as the firm is preparing for a stock market listing and has confidentially applied with the U.S. Securities and Exchange…
Bitcoin Miners in Nordic Region Get a Boost From Cheap Power
The Nordic region once again has become a lucrative place to mine crypto-currencies, thanks to a plunge in electricity prices. From a report: The wettest weather in at least 20 years boosted production from hydro-electric plants, leaving Sweden and Norway with some of the lowest power prices in the world. The resulting glut in the most important raw material for making…