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 …

Tesla CEO Elon Musk has brought more stress to the cryptocurrency markets by posting another series of cryptocurrency-related tweets on Thursday. Bitcoin lost around $2,000 in a matter of hours after Musk took to Twitter to post about Bitcoin (BTC) again. The Bitcoin price reacted immediately, dropping from around $38,700 to $37,500 in an hour. Bitcoin continued falling as Musk kept tweeting more cryptic posts in the thread including another breakup-themed tweet on falling crypto prices as well as a post on Dogecoin (DOGE). pic.twitter.com/MLhu6oOwgc — Elon Musk (@elonmusk) June 4, 2021 Bitcoin subsequently dipped to as low as $36,400, …

In the realm of digital assets, Crypto Twitter is a major seat of power. Memecoins and serious large-cap assets alike can see their value rise or fall depending on whether the whimsical Twitter crowd decides to pay attention. Huge rallies and dramatic declines often trigger waves of fear, uncertainty and doubt (FUD) or fear of missing out (FOMO) on the platform, capable of massively amplifying the unfolding price dynamics. Granted, it would be convenient if increases in Twitter volume always spelled price hikes — yet, as the facts demonstrate, this relationship is way, way more complicated than that. Tweet volume …

Powers On... is a monthly opinion column from Marc Powers, who spent much of his 40-year legal career working with complex securities-related cases in the United States after a stint with the SEC. He is now an adjunct professor at Florida International University College of Law, where he teaches a course on “Blockchain, Crypto and Regulatory Considerations.” These past few weeks have been tumultuous, especially for newbies to the crypto market. First, on May 8, Elon Musk, CEO of Tesla, was the host of Saturday Night Live where he promoted Dogecoin (DOGE) — a highly speculative, volatile cryptocurrency with present …

After a crippling market downturn that may be picking up steam this weekend, in a tweet this morning, Elon Musk has voiced tepid support for cryptocurrencies. The Tesla CEO, whose about-face concerning accepting Bitcoin payments for new vehicles last week was widely blamed as a catalyst for the downturn, responded to a Twitter user who asked what he thinks about “the peeps who are angry at you because of crypto.” In response, Musk seemed to take a long view of the situation, saying that crypto’s primary challenge isn’t short-term price action, but instead and ongoing battle against fiat: The true …

Elon Musk appears to have again been the catalyst for Bitcoin’s (BTC) price shedding more than 10% over the weekend after Tesla’s CEO appeared to suggest the firm may be planning to dump BTC from its balance sheet this quarter. On Sunday, Musk replied to a tweet predicting that Tesla may dump its BTC holdings this quarter. To the chagrin of the Bitcoin community, Musk simply replied: “Indeed.” Indeed — Elon Musk (@elonmusk) May 16, 2021 With Musk’s popularity already dwindling within the crypto community after he criticized the energy efficiency of Bitcoin amid Tesla’s suspension of support for vehicle …

Beams of light flashing out of a person’s eyes are not an uncommon sight in the world of comic books and superhero movies. In recent months, however, these so-called “laser eyes” have been making the news, not because of a movie or web series, but because of Bitcoin (BTC). To be more specific, an increasing number of celebrities, tech entrepreneurs and media personalities have been adding laser eyes to their profile pictures. This is a symbolic way of showcasing their bullish outlook for BTC and the crypto market in general. While the origin of the meme is unclear, most point …

At more than $52 billion, the market capitalization of meme-based cryptocurrency Dogecoin (DOGE) has already passed that of Twitter, U.S. car manufacturer Ford, and now, Tether. According to data from AssetDash, the market cap of Dogecoin is $52.5 billion, more than $400 million higher than that of Tether (USDT) at $52 billion. The token has already surpassed Ford's and Twitter's market capitalization at $45.1 billion and $43.1 billion, respectively. The weeklong surge in DOGE price follows crypto-friendly trading platform eToro announcing it will begin listing Dogecoin. In a statement to Cointelegraph, a representative for eToro said the platform had added …

Another rainy Sunday night. You’re browsing on Facebook and Twitter — inundated with photos of your friend’s new baby, jokes that have been copied from poor hard-working comedians, and memes that certainly were funny… when you first saw them four years ago. Undeterred, you keep scrolling. There’s a tweet that proclaims a hot new cryptocurrency is going to surge to $1 million, and another claiming the self-same altcoin is destined to plunge to zero. You then see links about the latest developments in the DeFi and NFTs space, and your eyes light up. Finally — content you’re interested in! Existing …

Veteran trader and chart guru Peter Brandt has made a cheeky correlation between the current Bitcoin (BTC) market correction and the prevalence of “laser eyes” on Twitter. In a tweet on Sunday, the technical analyst tied the correction to irrational exuberance in markets as exemplified by the meme: “The chances of a correction in cryptos is directly related to the prevalence of laser eyes on Twitter. Want the correction to end? Get rid of your laser eyes.” The laser eyes meme that initially swept across crypto social media in February 2021 saw crypto influencers, industry leaders and regular users change …

United States-based meat snack Slim Jim is the latest food brand to jump into the crypto space by promoting the meme-centric cryptocurrency Dogecoin. In a tweet today, Slim Jim announced it was launching its own nonfungible token, or NFT, featuring the Dogecoin (DOGE) Shiba Inu on the face of the moon underneath a rocketship with the body of the slender meat snack. The NFT offering follows a fury of tweets since February — the sheer number of which might even make Elon Musk jealous — in which Slim Jim has posted pro-DOGE memes, messages, rocketships, and crypto-related hashtags in advance …

Snickers, the chocolate bar sold around the world for more than 90 years, is getting into the crypto space by promoting the meme-based cryptocurrency Dogecoin. In a tweet on Monday, Snickers posted an image of the Dogecoin (DOGE) Shiba Inu dog atop the message “Dogecoinrise” to its more than 407,500 followers. The candy bar brand included the hashtag “DogeDay,” which has been trending in the United States, as well as two rocketship emojis in a reply. Guess what day it is? #DogeDay. Tomorrow? #DogeDay420 (not an actual Snickers pack, just a cool #doge gif) pic.twitter.com/9GAeFsRJU9 — SNICKERS (@SNICKERS) April 19, …