• Square launches BTC clean energy fund
    Bitcoin,  Technology

    Square pledges $10M for Bitcoin Clean Energy Investment Initiative

    The crypto-friendly company’s pledge comes as the Biden administration, which is determined to tackle climate change, prepares to take office

    The payments platform, which recently acquired BTC worth $50 million, said it is determined to become net zero carbon for operations by 2030—and wants to tackle the carbon footprint that’s associated with purchasing Bitcoin on behalf of its customers.

  • Coinbase denies racial discrimination
    People,  Politics

    Coinbase denies upcoming New York Times racial discrimination allegations

    The U.S. exchange warns a story about disgruntled black employees is coming in the wake of Brian Armstrong’s controversial “apolitical’ stand over Black Lives Matter

    The major U.S. cryptocurrency exchange Coinbase is bracing for another wave of criticism in the wake of CEO Brian Armstrong’s controversial stand against corporate support of political issues like the Black Lives Matter movement. In a Nov. 25 blog post, Coinbase warned employees that an article that will be published on Sunday by the New York Times alleging racial discrimination inside the firm.

  • Chainalysis shortage bitcoin skyrocketing price
    Bitcoin

    Chainalysis: A worsening shortage is behind bitcoin’s skyrocketing price

    Big and smart money investors are buying up and holding onto BTC far faster than miners can produce it as the first cryptocurrency comes into its own as an inflation hedge

    The amount of liquid bitcoin—that held by wallets that trade as oppose to hold—"is similar to what it was during the 2017 bull run,” the blog said. “ But the amount held in illiquid wallets is much higher, currently representing 77% of the 14.8 million Bitcoin mined that isn’t categorized as lost... That leaves a pool of just 3.4 million Bitcoin readily available to buyers as demand increases.”