Bitcoin Bulls Dig in Heels as Google Investment Arm Backs Digital Currency Group

Grayscale Investments, a leading digital asset investor firm, is an indicator of institutional demand for bitcoin. Grayscale Bitcoin Trust has $39.7 Billion in assets under management (AUM). The parent company has been endorsed by some prominent Silicon Valley names. Digital Currency Group, Grayscale’s parent company, has attractedsome large investors, including a division from tech giant Google. They are […]

Jack Dorsey says Square is ‘considering’ building a Bitcoin mining system

MIAMI, FLORIDA – JUNE 04: Jack Dorsey creator, co-founder, and Chairman of Twitter and co-founder & CEO of Square speaks on stage at the Bitcoin 2021 Convention, a crypto-currency conference held at the Mana Convention Center in Wynwood on June 04, 2021 in Miami, Florida. The crypto conference is expected to draw 50,000 people and […]

In Brazil, Bitcoin Acceptance Comes With Rules

Brazil is moving towards crypt acceptance as a legal tender. However, it will be accompanied by a number of new regulations and oversight. According to sites like Coinrivet, authorities from that country have introduced a bill that would allow Bitcoin to be used in all transactions, large or small. Federal Deputy Aureo Ribiero would introduce the bill to the […]

Old coal plant is now mining bitcoin for a utility company

The dirty secret to bitcoin’s huge power consumption is its massive power consumption. Computers around the world consume enough electricity to mine bitcoin. It is somewhere around the Netherlands and Poland, depending on how you estimate. Electricity has become so important that one private equity company owns a power station to mine bitcoin. Greenidge Generation claimed that they could mine one […]

Opinion | How Cryptocurrency Can Keep Americans Free

Poulos is the executive editor at The American Mind. He writes often about how technology shapes society. This essay is part a series that explores bold ideas to revive and renew America’s experiment. You can read more about the project by Ezekiel Kuku, Opinion’s political editor. The Securities and Exchange Commission’s recent legal threat to Coinbase’s new interest […]