Jack Dorsey, CEO of Twitter and Square, made it crystal clear that Twitter will never join Facebook’s Libra project. "Nothing within Libra had to be a cryptocurrency” On Oct. 24, per a Twitter thread by Hollywood Reporter editor Alex Weprin, who was covering an event at Twitter's New York office, Jack Dorsey made it abundantly clear that Twitter will stay a million miles away from Facebook’s plans to launch its Libra stablecoin in 2020. The Twitter CEO reportedly gave a straightforward answer to the question if Twitter would ever consider joining Facebook’s Libra project. His response was short but all-telling: …

Bitcoin (BTC) bull and co-founder of Gemini crypto exchange Cameron Winklevoss has noted that the volume of negative interest bonds accounts for $17 trillion and has urged the public to buy Bitcoin. In an Oct. 17 tweet, Winklevoss wrote: “$17 trillion dollars are currently held in negative interest bonds. 17 trillion reasons why you should own bitcoin.” How to move such a volume to BTC? In a series of comments to the tweet, one of the users argued that “migrating this over to Bitcoin is a huge challenge,” to which Winklevoss asked which challenges they are referring to, further stating …

Joe Weisenthal, the executive editor of news for Bloomberg Digital, said that blockchains are essentially inefficient and that “Bitcoin is for making transactions The Man is against.” The Man The comments come from Bloomberg’s Markets newsletter, which Weisenthal reproduced in a tweet on Oct. 17. He elaborated that transactions would not be possible without individuals willing to pay fiat money for Bitcoin (BTC), with blockchains being “inherently inefficient, computationally costly systems,” which only have value when using them for transactions. Weisenthal urged regulators and lawmakers to consider if it is really reasonable to pour money into the system and to …

The social trading and investing platform eToro has partnered with analytics and finance management startup The Tie to launch a sentiment-based analytical tool to track people’s perception of cryptocurrencies. EToro unveiled the new strategy, dubbed TheTIE-LongOnlyCopyPortfolio, in an official announcement on Oct. 15. The strategy analyzes digital currency-related conversations, processing 850 million tweets every day by means of machine learning and natural language processing technology. Opening trades on positive sentiment signals only When parsing through social media messages, the tool scans each tweet individually to single out tweets related to a specific cryptocurrency and uses a filter to assess the …

Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week U.S. SEC deems $1.7 billion Telegram offering illegal, orders halt In what may be the highest-level action it has ever taken, the SEC has halted the $1.7 billion digital token offering for Gram (GRM) tokens. In a massive setback for the upcoming Telegram Open Network (TON), the regulator has filed an emergency action and restraining …

Twitter and Square CEO Jack Dorsey stated that there are no plans for a platform-specific “Twitcoin” cryptocurrency, noting that he will instead focus on promoting Bitcoin (BTC). Open standards are better According to Australian news outlet The Sydney Morning Herald’s article published on Sept. 5, Dorsey is confident that Bitcoin is still the most likely candidate to beсome the internet's native currency. Twitter CEO noted: “I think open internet standards serve every person better than ones controlled or started by companies.” Nobody understands the global economy Dorsey visited Melbourne to take part in the launch of Square Terminal, a new …

Square and Twitter CEO Jack Dorsey has said Bitcoin (BTC) will continue to be adopted more widely, but it is still too early to consider it a currency. Make Bitcoin more usable and accessible as a currency On Sept. 4, the outspoken Bitcoin advocate told the Australian Financial Review that he is convinced the No. 1 cryptocurrency will continue to be adopted more widely. However, Dorsey added: "It's not functional as a currency. The peaks and troughs are like an investment asset and are equivalent to gold. What we need to do is make it more usable and accessible as …

On Aug. 19, the standoff between Bitcoin Cash (BCH) and Bitcoin (BTC) took a new twist, as one of the industry’s most controversial Twitter accounts — with nearly a million followers — changed its views overnight. The account in question, @Bitcoin, has had a history of promoting Bitcoin Cash. Arguably the crypto industry’s biggest turnaround, @Bitcoin not only deleted old tweets about BCH but also changed links on its profile from Bitcoin.com (a pro-BCH site) to Bitcoin.org (a pro-BTC site). To date, it is not clear who owns the @Bitcoin Twitter account. However, for many years, the account has been …

The United Kingdom’s Advertising Standards Authority (ASA) recently resolved a complaint regarding advertising of Bitcoin (BTC) from the BitMEX crypto derivatives exchange. According to the ASA, the website showed Bitcoin graphs with misleading price dynamics since January 2019. The ASA received four complaints, each accusing the platform of being misleading about Bitcoin investment profitability. The court satisfied the complaints. However, this was not the first time that a state took a tough attitude toward advertisement of cryptocurrencies. Here is an overview of how cryptocurrencies are advertised — or not — in the world right now. Ban, no freedom The first …

A cryptocurrency firm heckled at the Black Hat hackers’ conference is suing the event organizers for failing to protect it from the audience’s barbs. Crown Sterling — which some attendees have characterized as “a piece of snake-oil cyber marketing” — filed its complaint with the United States District Court for the Southern District of New York on Aug. 22. Hackers accuse firm of “suing over booing” At Black Hat, Crown Sterling had presented its development of what it dubs “quantum AI encryption technology” — a purportedly more robust “five-dimensional encryption” that draws on research into occult numerology and AI-composed music, …

Blockchain-based internet browser Brave has continued expanding its crypto tipping option by integrating it into Reddit and Vimeo. Tipping for content Announced on Twitter on Aug. 21, a new version of the Brave browser enables users to tip on ad-free video platform Vimeo and social news site Reddit, using Brave’s native Basic Attention Token (BAT). BAT tipping option on Reddit. Source: Twitter BAT is up about 4.6% over the past seven days at press time, trading at $0.192, according to Coin360. The tipping feature on Reddit and Vimeo comes weeks after it was first introduced on Twitter following a successful …

Two Canadians of Indian origin were charged in the United States with a $233,220 Bitcoin (BTC) fraud using a fake HitBTC account on Twitter. Scammers posed as HitBTC customer service on Twitter Karanjit Singh Khatkar, 23, and Jagroop Singh Khatkar, 24, of Surrey, British Columbia, allegedly stole 23.2 Bitcoin from a woman in the U.S. state of Oregon, Indian publication The Week reports on Aug. 23, citing charges filed with the federal court. According to the report, the defendants used a fraudulent Twitter account named @HitBTCAssist to trick victims into believing they represented customer service from Hong Kong-based crypto exchange …