Tag: social

86% Quarterly Increase: Square Reports $1.63 Bitcoin Sales In Q3

86% Quarterly Increase: Square Reports $1.63 Bitcoin Sales In Q3

Twitter founder Jack Dorsey’s payments firm Square is riding the Bitcoin wave like there’s no tomorrow. The company’s Q3 investors’ letter has just come out. And if numbers are anything to go by, Square has registered a humongous $1.3 billion revenue in the third quarter through Bitcoin sales. This comes amid the company clocking a […]

Continue Reading

The US DOJ Seizes Bitcoins Worth $1 Billion Allegedly Belonging to Silk Road

The United States Department of Justice confiscated around $1 billion worth of bitcoins on Tuesday. Today it is suing for forfeiture of the BTC that federal personnel seized. The coins allegedly belong to the now-defunct darknet marketplace Silk Road. US DOJ Wants The Forfeiture Of Bitcoin Worth $1 Billion As per Bloomberg’s latest report, the […]

Continue Reading

Costly Mistake: Someone Paid $9,500 in Fees for an ETH Transaction Worth $120

Costly Mistake: Someone Paid $9,500 in Fees for an ETH Transaction Worth $120

A MetaMask user, attempting to swap Ethereum for a DeFi token, paid over $9,000 transaction fees while transferring only $120 worth of ETH. The user has reached out to the mining pool that processed the transaction for assistance but has yet to receive a response. A Costly ETH-DeFi Swap The user, going by the nickname […]

Continue Reading

Bitcoin Over $14,000 But Retail Hype Hasn’t Even Started

Bitcoin Over $14,000 But Retail Hype Hasn’t Even Started

Bitcoin has been on a roll over the past few days, and it seems as if the cryptocurrency finally managed to breach the $14,000 level decisively. What is more interesting, though, is that interest from retail investors doesn’t seem to be anywhere near its peak from back in 2017. Bitcoin Retail Interest Nowhere to Be […]

Continue Reading

The Associated Press Has Leveraged Ethereum For Recording US Election Data

Blockchain adoption has just achieved a major milestone. The Associated Press has chosen the Ethereum blockchain to publish calls for the latest US Presidential election. The nearly 200-year-old New York-based non-profit news agency has been counting votes since its inception in 1848 and will do the same this year too by collecting, verifying votes, and […]

Continue Reading

Huge $972 Million Bitcoin Transaction As The 4th Richest Wallet Emptied

Huge $972 Million Bitcoin Transaction As The 4th Richest Wallet Emptied

One of the most famous Bitcoin wallets among hackers and treasure hunters in the crypto-verse is now empty. Someone moved over 69.369 BTC from a legacy wallet to a new native SegWit format address (a more modern format aimed at optimizing transactions by lowering their transaction fees). Everything about the wallet is a mystery: Nobody […]

Continue Reading

Whale Alert: Over $400 Million Worth of USDT Just Sent To Huobi – Is Something Cooking?

Over $400 million worth of the most popular stablecoin Tether (USDT) has been sent to the cryptocurrency exchange Huobi over the past couple of hours. Two of the transactions were sent from an unknown address with a total worth of around $304 million, while another transfer worth $100 million was sent from Bitfinex. Over $400 […]

Continue Reading

TRON’s Justin Sun Reveals An Unsuccessful Attack On The Network, All Funds Are SAFU

One of the most popular blockchain projects, TRON, had undergone an attack by a malicious contract earlier today. Company CEO Justin Sun detailed the events in a recent tweet, reassuring users and developers that the system and all assets are “absolutely safe.” TRON’s Mainnet Attacked TRON’s founder and CEO took it to Twitter to explain […]

Continue Reading

Opinion: After Massive Gold Selloff, Central Banks Should Buy Some Bitcoin Now

Opinion: After Massive Gold Selloff, Central Banks Should Buy Some Bitcoin Now

For the first time in a decade, central banks around the world are selling off their bullion stocks. Economists have opined that this is a direct result of the coronavirus pandemic led fiscal stress. If the trend continues, gold prices are in for some serious freefall rides. The question is, will central banks start stockpiling […]

Continue Reading

The Need for Decentralization: Nigeria Unrest and Censorship Escalate

Talks about the Anti-social Media Bill to prevent Nigerian youths from protesting against the government has reminded us about the need for decentralized social networks.  Following the recent EndSARS protests against police brutality in Nigeria, the government has returned to a previous bill that intends to criminalize the use of social media to restrict free […]

Continue Reading