Bitcoiners have always suffered from a big dose of hubris and boosterism. As far as so called bitcoin-maxis are concerned, bitcoin (BTC) is perfection in code. For them nothing should be changed and BTC is designed to be hard to be subverted and the protocol ensures that it is very difficult to change anything without overwhelming support. You can fork bitcoin, take the code and make your own variant, as much as you like, but after the fork is...
“If we can get these people beyond survival mode, then they won’t have to choose between renting a child out for the night and feeding the others,” Richard Swisher, Motiv President told me in an interview. He offered that bitcoin is helping do just that.
Motiv is a nonprofit working to empower communities and reduce dependencies with bitcoin. Their goal is to drive economic independence in underserved communities. In doing so, Swisher says ...
Bitcoin
BTC
and the wider crypto market—including ethereum and XRP
XRP
—have lost momentum after charging into 2023 (though billionaire Warren Buffett is still quietly getting richer off bitcoin).
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The bitcoin price has lost 15% since peaking at almost $32,00...
It's the kind of courtroom showdown playwrights dream about: a “boy genius” accused of masterminding a multibillion-dollar scam, a cadre of former associates revealing jaw-dropping secrets and government prosecutors aiming for a high-profile victory.
In Act I, played out over the past three weeks, Sam Bankman-Fried's sometimes friends and colleagues have offered damning testimony about his role in the unraveling of the FTX crypto empire, say...
As 2023 enters the last stretch crypto investors are facing a whirlwind of activity that can be a combination of exciting, exhausting, and financially important. The FTX trial was a publicity packed event, featuring testimony from virtually all of the highest ranking employees, Samuel Bankman-Fried himself, and multiple expert witnesses. Rehashing the spectacular collapse of FTX as well as the multiple allegations leveled against Bankman-Frie...
Nvidia reported first-quarter earnings that beat Wall Street estimates, driving its stock up more than 25% in extended trading. The company said it is boosting supply to meet surging demand for its chips, used to power artificial intelligence services such as ChatGPT.
The chipmaker is at the center of AI boom thanks to its high-powered graphics cards and software. The stock has more than doubled this year while rival Advanced Micro Devices...
Video game payment firm Zebedee, which has more than a million bitcoin wallets and is backed by nearly $50 million venture capital, today moved its main ZBD application to Nostr, the rapidly growing decentralized competitor to Twitter. Instead of liking content like on Twitter and Facebook, users of social networks built on the Nostr protocol have sent each other 895,000 “zaps,” or tiny amounts of bitcoin worth $3.6 million.
The move, which ...
For its second consecutive year, the Decentralized Autonomous Organization Friends With Benefits, one of the crypto industry’s most expensive and popular social clubs, gathered in the mountains of California on August 3rd for a weekend of music, tech-savvy talks and assemblies called FWBfest. DAOs continue to grow, in spite of the bear market, and may actually be more popular now than they were during the last crypto market surge. When people ...
It is no secret that a wave of cryptographic applications has emerged from blockchain technology. Some of them have grown into big companies like Fireblocks, StarkWare, zkSync and Immutable, worth hundreds of millions or billions of dollars. The advancement of technology, however, brings with it a variety of acronyms that can be confusing to even seasoned tech enthusiasts. The following are five of the more perplexing acronyms that you may en...
Recent events have raised questions about online censorship and the influence of social media giants. Elon Musk's critique of Mark Zuckerberg's manipulation of the masses through algorithmic control drew attention to the opacity surrounding data usage. Musk's hypothetical scenario - revealing how algorithms manipulate user data - highlights growing concerns about data privacy and content manipulation on centralized platforms. On the other han...
