No one ever accused Bitfinex of having small ambitions. Just days after it settled a years-long fraud lawsuit with New York’s attorney general over a loan it got from sister company and stablecoin issuer Tether, Bitfinex has launched a crypto-powered online-payments platform to take on payments giants like PayPal.
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Jack Dorsey's Bitcoin-friendly payments provider Square is among the fintechs getting $350 billion to small business owners (Photo: Pixabay)Crypto-friendly Square joins coronavirus loan program
Square joins PayPal and QuickBooks in U.S. government’s $350 billion stimulus loan and grant program for small businesses and their employees—after a fight
Twitter founder Jack Dorsey’s Bitcoin-friendly payment processing company Square is among the fintechs taking part in the U.S. Paycheck Protection Program, potentially offering a more nimble platform to quickly get loans and grants to small businesses slammed by the coronavirus pandemic.
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Bitcoin’s Proof-of-Work model will fail, economist for central banking organization argues
As the reward for mining new coins declines, finalizing transactions could take a year
Ultimately, it could take nearly a year, or 50,000 blocks, before a payment could be considered final
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Vitalik Buterin thrashes alleged bitcoin creator Craig Wright
Nerd fight at a South Korean blockchain conference
For all the highfalutin talk of how its technology will change the world, the cryptocurrency community is not unlike a large high school with cliques and drama. Sparks flew at a blockchain conference in South Korea on Tuesday when Ethereum creator Vitalik Buterin quite publicly called blockchain personality Craig Wright a fraud. Because it’s 2018, the whole thing was captured on video for public consumption. There’s a lot going on here, so let’s break it down: We’re seeing a question and answer session at an event called Deconomy, which bills itself as a global forum for developing a distributed economy. Vitalik Buterin, Ethereum’s 24-year-old wunderkind inventor, is in attendance to…
