Category: Square

While Bitcoin Energy Concerns Grow, Nobody Discusses the Carbon and Military Violence Backing US Dollars

While Bitcoin Energy Concerns Grow, Nobody Discusses the Carbon and Military Violence Backing US Dollars

This week a great number of bitcoin supporters and skeptics have been arguing over whether or not bitcoin mining is harmful to the global environment. However, crypto supporters have been saying that concerns over the Bitcoin network’s energy supply are absurd, in contrast to the carbon used and the military violence that backs a number […]

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Square CEO Says ‘Bitcoin Changes Everything for the Better’

Square CEO Says ‘Bitcoin Changes Everything for the Better’

The CEO of Square Inc. says that “bitcoin changes everything for the better.” His comment followed one from Square’s CFO reaffirming the company’s corporate bitcoin strategy. The CEO also made a commitment to “forever work to make bitcoin better.” Meanwhile, Square and Ark Invest have published a report arguing “for bitcoin as a key driver […]

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Bitcoin Mining Operation Greenidge Generation Plans to Be Carbon Neutral Next Month

Bitcoin Mining Operation Greenidge Generation Plans to Be Carbon Neutral Next Month

On Friday, the bitcoin mining operation Greenidge Generation has announced that starting June 1st, the firm will be “carbon neutral” for the rest of 2021 and beyond. Greenidge’s announcement follows the recent statements from Tesla and Square after the companies cited environmental concerns over bitcoin mining. New York-based Bitcoin Miner Aims to Be Carbon Neutral […]

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Square Declares It Won’t Buy More Bitcoin, Cites Network’s Carbon Footprint

Square Declares It Won’t Buy More Bitcoin, Cites Network’s Carbon Footprint

Square, a fintech and digital payments company, has declared earlier today it doesn’t have plans to purchase more bitcoin in the near future. The company also referred to the carbon footprint of the Bitcoin network and how it is a real issue that needs to be tackled in the future. Square Doesn’t Plan to Purchase […]

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Elon Musk And Jack Dorsey Agree Bitcoin Is Key to Renewable Energy Adoption

Jack Dorsey led Square Inc along with Ark Investment released a White paper on Bitcoin’s growing influence on bringing renewable energy usage to the forefront. The white paper comes in the wake of growing controversy around the high energy consumption by the bitcoin network, which mostly ignores the fact that the majority of Bitcoin mining […]

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Leading Bitcoin Payments Processor Bitpay Joins Crypto Patent Alliance COPA

The world’s largest provider of cryptocurrency payment services, Bitpay has announced the company is joining the Square-founded crypto patent effort the Crypto Open Patent Alliance (COPA). Bitpay has been working with blockchain products since 2011 and the firm will share open-source projects and use a shared patent library with the crypto patent organization. Bitpay Joins […]

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Civil Lawsuit Against Craig Wright Wants High Court to Rule Against His Bitcoin White Paper Claims

The Crypto Open Patent Alliance (COPA), a bitcoin industry working group focused on patent laws, has filed a civil lawsuit in the UK against Craig Wright. For many years now Wright has insisted he is Satoshi Nakamoto, but has yet to prove so to the greater crypto community. COPA is looking to get the UK […]

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Fidelity, Coinbase, Square form crypto council to lobby policy makers

A group of major companies, including Fidelity, Coinbase, and Square, have formed a crypto council to lobby policy makers. The Crypto Council for Innovation has a stated mission of demonstrating the “transformational promise of crypto and communicate its benefits to policymakers, regulators, and people around the globe.” The Wall Street Journal first reported the news. […]

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JPMorgan regulatory filings reveal ‘basket’ product tied to crypto-linked public companies

A cluster of regulatory filings with the Securities and Exchange Commission indicate that Wall Street investment bank JPMorgan is giving its investor clients a way to gain exposure to crypto in the form of public-company stocks involved with digital assets. The structured product documentation details so-called “Insight Notes Linked to the J.P. Morgan Basket of […]

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