Digital payments firm Square is rebranding itself as Block [https://www.block.xyz/] to reflect its focus on blockchain and cryptocurrencies. The move, effective on December 10th, comes just days after Square CEO Jack Dorsey stepped down as Twitter’s CEO. The brands within the company like digital payment gateway...
The President of El Salvador, Nayib Bukele, has announced the country's plans to build a “Bitcoin City.” Built near the Conchagua volcano in southeastern El Salvador, the city will use geothermal power to support crypto mining and include all the amenities expected from a standard metropolis. The city will not...
Starting Christmas Day, Los Angeles’s iconic Staples Center, home to the NBA’s Lakers and Clippers, the NHL’s Kings, and the WNBA’s Sparks, will be known as Crypto.com Arena. Singapore-based cryptocurrency platform Crypto.com is reportedly paying $700 million for the naming rights to the building...
El Salvador has officially started mining Bitcoin using power generated from a volcano. President Nayib Bukele tweeted an image of the mining progress, and the “volcanode” has already made 0.00599179 bitcoin (about $269). He also shared a video showing the volcano-powered mining operation in action, with an industrial plant...
MiamiCoin has made the city of Miami $7.1 million since it was introduced in August of this year. The coin is the byproduct of the city’s cooperation with CityCoins, a non-profit and open-source protocol that allows people to mine, hold, and trade cryptocurrencies tied to a municipality. Powered...
In a shocking move, the People’s Bank of China (PBOC) declared all cryptocurrency-related activities illegal in the country. In a Q&A published on their website, the PBOC announced that all services offering crypto trading, order matching, or derivatives are prohibited. The announcement means that overseas cryptocurrency exchanges can...
