The Crypto Council for Innovation is hosting a virtual event on July 21 aimed to “destigmatize mainstream narratives about Bitcoin.” According to a Thursday announcement, Square, Ark Invest and Paradigm are backing "The ₿ Word," an event on "how institutions can embrace Bitcoin." The project, scheduled for launch next month, will offer featured speakers including Twitter CEO Jack Dorsey; Blockstream founder Adam Back; Ark Invest's Cathie Wood; Michael Morell, former acting and deputy director of the United States Central Intelligence Agency; and John Newbery, director of Brink — a nonprofit focused on supporting Bitcoin (BTC) development. "The ₿ Word is …

Twitter CEO and crypto proponent Jack Dorsey has highlighted the efforts of a group entrepreneurs who are pushing the Ethiopian government to embrace Bitcoin (BTC). In a Wednesday tweet, Dorsey shared a Twitter thread from Project Mano, a group of Ethiopian-based entrepreneurs that are trying to get the government to consider mining and storing Bitcoin. #bitcoin https://t.co/jQSnJr5bv8 — jack (@jack) June 15, 2021 Dorsey appears to have given the project some helpful exposure, with Project Mano’s Twitter followers doubling from 500 when he shared the thread to around 1,000 at the time of writing. Project Mano noted in a Tuesday …

Jack Dorsey, co-founder and CEO of social media network Twitter and founder and CEO of financial services company Square, has confirmed he is planning to integrate Bitcoin’s Lightning Network sidechain with at least one of his businesses. On Friday, Dorsey responded to a question from Twitter user Deyonté, who had requested that Dorsey integrate the Lightning Network into Twitter or BlueSky — the decentralized social network Twitter has devoted manpower to developing since 2019. In response, Dorsey responded, “Only a matter of time.” Only a matter of time — jack (@jack) June 11, 2021 Dorsey’s comment appears intentionally vague, with …

Square Inc., a crypto-friendly mobile payments company, is planning to invest $5 million in a solar-powered Bitcoin (BTC) mining facility for Blockstream Mining, offering further insight into Jack Dorsey’s continued support for blockchain infrastructure. Chris Cook, Blockstream’s chief information officer, announced the collaborative partnership on Saturday, where he outlined plans to build the open-sourced mining facility at one of Blockstream’s United States operations. "Together, we plan to provide public transparency by sharing the project economics and knowledge we’ve gained from building a Bitcoin mine powered by renewable energy,” he said, adding: “Ultimately, we hope to demonstrate how bitcoin mining in …

Square Inc., the mobile payments company behind the popular Cash App, is strongly considering developing an open-source Bitcoin (BTC) wallet, signaling continued conviction in the future of digital currency payments. “Square is considering making a hardware wallet for Bitcoin,” CEO and co-founder Jack Dorsey tweeted Friday. “If we do it, we would build it entirely in the open, from software to hardware design, and in collaboration with the community.” Square is considering making a hardware wallet for #bitcoin. If we do it, we would build it entirely in the open, from software to hardware design, and in collaboration with the …

U.S.-based financial services firm, Square Inc, reports that its quarterly earnings doubled analyst expectations amid booming demand for crypto assets. Global financial data provider Refinitiv had predicted Square would see earnings of 16 cents per share in Q1 2021, but the firm ended up earning 41 cents per share. Square saw $5.06 billion in revenue, dwarfing Refinitiv's prediction of $3.36 billion. Bitcoin alone drove $3.5 billion in revenue, an astonishing increase of 1,000% in just 12 months. Square’s quarterly gross profit also surged 79% year-over-year to tag $964 million. More than half of the firm's profits can be attributed to …

Ethereum co-creator Vitalik Buterin believes NFTs can be applied to socially relevant causes such as charities and funding public goods, but not while the technology is still viewed as a “casino that largely benefits already-wealthy celebrities.” The author of the Ethereum whitepaper said there was little social value in helping celebrities like Elon Musk add another $1 million to their bank balance by selling NFTs. But he does believe that with support and coordination, non-fungible tokens could have a significant impact on other areas of society. In a blog post titled “The Most Important Scarce Resource is Legitimacy,” Buterin said …

According to a March 10 tweet by Bitcoin (BTC) podcaster Peter McCormack, at least six crypto-related accounts have been recently suspended by Twitter. The listed accounts include some of the most prominent crypto figures on Twitter with over 300,000 subscribers like Bitcoin on-chain analyst Willy Woo and BTC stock-to-flow model creator PlanB, as well as crypto advocate TheCryptoDog. Other industry-related accounts like MMCrypto, TheMoon, Koroush AK, and WSBChairman — who claims that the account is not associated with Reddit’s r/WallStreetBets community — have also been suspended. Full list of account suspensions:@woonomic @100trillionUSD@mmcrypto@wsbchairman@themooncarl@TheCryptoDog @KoroushAK Strangely @PeterSchiff hasn't though, what gives? https://t.co/i6L5e93BTV …

Square’s majority stake in Jay-Z’s streaming service Tidal could potentially result in some blockchain-related functionalities on the platform, according to one analyst. Avivah Litan, a technology analyst at consulting company Gartner, suggested that Square’s $297 million investment could push Tidal to start taking advantage of new technologies like blockchain and cryptocurrencies, Reuters reports Friday. With Square’s help, Tidal would specifically benefit from the technology of non-fungible tokens, or NFTs, which allows artists to certify ownership for photos, videos and other digital content, the expert noted. NFT technology could easily track the provenance of autographs and memorabilia, potentially making them even …

The Massachusetts Institute of Technology’s Digital Currency Initiative has revealed a new “Bitcoin Software and Security Effort” intended to foster research into bolstering the Bitcoin network’s defenses. The open-source initiative has received support from a diverse group of crypto industry leaders, including Gemini’s Cameron and Tyler Winklevoss, MicroStrategy’s CEO Michael Saylor, Square CEO Jack Dorsey, and major European digital asset manager, CoinShares. In a blog post unveiling the project, DCI said that Bitcoin’s ascent from an “obscure cryptographic toy” to a robust network that “secures on the order of $1 [trillion] of value” was due to the millions of hours …

Jack Dorsey, CEO of social media powerhouse Twitter, has donated 1 Bitcoin (BTC) to Brink, a nonprofit group focused on Bitcoin’s technological framework. “Honored to have received a 1 BTC donation to our developer funding efforts from none other than @jack!,” Brink’s Twitter account posted on Tuesday. At the time of publication, that Bitcoin is worth $46,824. Reporting earlier this month showed the recently established organization receiving 503(c)(3) nonprofit status from the Internal Revenue Service, giving Brink a break on federal taxation. The entity looks to further Bitcoin by helping out its developers, as noted on Brink’s website: “Brink exists …

A growing number of business leaders and celebrities — e.g., Elon Musk, Jack Dorsey, Alex Ohanian and, most recently, Ricardo Salinas — have added the Bitcoin hashtag to their Twitter biographies. It hasn’t gone unnoticed. When Elon Musk added #Bitcoin to his bio in late January, Bitcoin soared by 20%. If indeed a succession of billionaires and tech moguls have taken the Bitcoin pledge — whatever that might entail — what is their motivation? Are they trying to manipulate the market, for instance — or promote their brand? Could they be just looking to pull the collective leg of crypto’s …