Eric Schmidt – Google’s CEO from 2001 to 2011 – recently revealed that he’s put a “little bit of money” into cryptocurrencies. However, he said he’s most fascinated in the web 3 ecosystem, with less interest in Bitcoin or other virtual assets of themselves. The Decentralized Internet In an interview with CNBC, Schmidt showed curiosity about Web 3’s ability to grant users control of their identity, without relying on a “centralized manager”. Web 3 is the crypto community term...
Read More »Google Files “Non-Fungible Planet” Trademark Application
Google filed a trademark application titled “Non-Fungible Planet” on Monday – reminiscent of the trending Non-Fungible Tokens (NFT) sphere of the crypto industry. However, the application appears unrelated to such items, and is focused instead on education about climate change. The filing includes the stated goal of “providing information in the areas of environmental protection, conservation, energy efficiency, climate change, reducing carbon footprints, environmental...
Read More »Google Cloud Launches a Digital Assets Team
Google Cloud, Google’s online data storage services division, is increasingly focusing on decentralized technologies and announced the creation of a team to focus on building products on the blockchain. There are already other initiatives currently using blockchain technology to offer cloud storage with Filecoin and Sia at the forefront. Both use a blockchain protocol to connect those who need storage and are willing to pay a share to get it and those who can offer some of...
Read More »Google Considers Allowing Users to Store Crypto in Digital Cards (Report)
Tech mogul Google is reportedly considering to further its involvement in the field of cryptocurrencies. Google, one of the world’s biggest companies and the leading search engine, is considering to allow users to store cryptocurrencies in digital cards. According to the Bloomberg report, the company has also hired Arnold Goldberg to spearhead its payments division. Goldberg was previously the VP of Merchant Product and Technology at payments processing giant PayPal. The...
Read More »Google Issues Temporary Halt on Crypto-Mining Botnet
Google has filed a lawsuit against two individuals living in Russia over a botnet they used to infect several computer networks for the purpose of mining cryptocurrency. Google Goes After Glupteba The botnet not only stole crypto assets but the personal information of unsuspecting victims. Google has worked with several internet infrastructure companies to remove servers that the hackers were using to control the networks they infected. The botnet has been deemed null...
Read More »Former Google CEO Becomes Strategic Advisor At Chainlink
Chainlink Labs – a smart-contract oracle service provider – recently signed on former Google CEO Eric Schmidt as a strategic advisor. Schmidt’s duty will be to help guide Chainlink in building “a world guided by truth.” Schmidt Joins Chainlink Chainlink announced its recruitment of the Ex-Google chief in a statement this Tuesday. The team is focused on aggregating and implementing real-world data to be used as smart contracts built on various blockchains. This is accomplished...
Read More »Google Invests $1B in Bitcoin Futures Provider CME Group
CME Futures, the futures-exchange giant that offers regulated bitcoin services, has secured a massive investment from Google worth $1 billion aiming to transfer its core trading systems to the cloud. The news was first reported by the Wall Street Journal, and informs that the tech giant will provide its cloud services to CME to “power markets that handle trillions of dollars in trades each day.” The two parties have agreed on a ten-year partnership. CME will strive to onboard...
Read More »Retail Is Here, They’re Just Buying Shiba Inu (SHIB) Instead of Bitcoin
Retail investors have always played a major role in the cryptocurrency space, but it seems they are yet to arrive at the Bitcoin scene now; at least, this is what Google searches show for the largest cryptocurrency. Simultaneously, it seems they have a new favorite – Shiba Inu. Retail Are Not Here for Bitcoin Bitcoin and retail investors have frequently moved hand in hand. Back in 2017, when the cryptocurrency charted its then ATH of $20,000, smaller investors were primarily...
Read More »Russian Hackers Use YouTube Channels to Broadcast Cryptocurrency Scams: Google Report
Google’s Threat Analysis Group revealed that cybercriminals have been targeting YouTube content creators in phishing campaigns for the last two years. The bad actors often hijack their channels and either sell them back for a higher price or employ them to broadcast digital asset scams. YouTubers, Stay Alert In its report, Google’s team explained that some hackers recruited in a Russian-speaking forum had attacked many YouTubers with “highly customized” phishing emails and...
Read More »Despite the Recent Surge, Retail FOMO Absent From Bitcoin’s Current Bull Run
Although the price of bitcoin has increased by more than 35% in the past two weeks or so, retail investors have yet to return to the scene. Google trends data shows that the number of queries on the search engine is still a long way away from the previous heights. No Retail Hype Yet: Google Trends On September 30th, BTC dropped below $41,000 for the third time that week. Now, less than two weeks later, BTC trades above $56,000 after marking a new five-month high at $57,000...
Read More »