Tag Archives: Jack Dorsey

Twitter and Square CEO Jack Dorsey has always been friendly towards bitcoin. In a recent interview, he says that he thinks the currency will soon be as “common as cash.”Dorsey Believes BTC Is the Future of FinanceThis rings in with a statement he made in the year 2018. The entrepreneur stated to CNBC that bitcoin, within a period of ten years, was likely to become the world’s “single” currency, meaning all other forms of crypto and fiat would become obsolete. This is an ambitious notion for a...

As per reports from Forbes on January 27, 2020, Bitcoin (BTC), the world’s largest cryptocurrency experienced a 5% rise, briefly climbing as high as $9,142.80 per Bitcoin on the Luxembourg-based BitStamp exchange before slightly falling back afterward. At the moment of writing, Bitcoin price is $9,017. However, this price still demonstrates a more than 4% growth over the last 24 hours.Since Bitcoin enjoyed a tremendous boost in 2017, it has struggled to reach a similar height. The crypto is...

Engineers from Square Crypto want to build a product that will make LN integration easier for the wallet developers. Whether Lightning Network is a good scaling solution or not is defined by adoption rates. So far, it is used mostly by the exchanges and people directly supporting Bitcoin Core. However, Twitter CEO Jack Dorsey thinks that development (and adoption) must flow faster. His revolutionary solution is called Lightning Development Kit (LDK) and is a creation of Jack’s new company.It...

Jack Dorsey is working on a kit that can help integrate Lightning Network to bitcoin wallets. Dorsey’s Square won a patent for a crypto-to-fiat payment system. Bitcoin can take multiple roads to a multi-trillion dollar valuation. Tim Draper has not backed off his prediction that bitcoin will skyrocket to $250,000 in 2023. The venture capitalist who invested in Skype, Tesla, and SpaceX believes that key improvements happening on the Bitcoin network will catalyze the...

Square Crypto is building a Lightning Dev Kit that will give developers more flexibility for Lightning tech and bitcoin wallets. Square’s crypto arm expects that bitcoin payments will overtake cash. Bitcoin’s volatility has gotten in the way of its use case for payments. While some of Twitter gets on Jack Dorsey’s case for allegedly trying to interfere with the presidential election, he has set his sights on something else – crypto. Square Crypto, the Bitcoin...

Bitcoin delivered investors the highest return on investment (ROI) of any security in any asset class in the 2010s. Jack Dorsey’s Square Crypto says, “This decade was just bitcoin warming up.” Here are four reasons to expect even more from bitcoin in the 2020s. Square Crypto, the bitcoin division of Twitter founder Jack Dorsey’s Square Payments, rang in the new decade with a prediction.Source: TwitterHere are four reasons why Square Crypto’s assessment holds true.Now why should you take any...

A few days ago we reported about the YouTube crypto ban. It has turned out that the biggest video sharing platform moved, deleted or banned some videos related to crypto. Hell, it deleted the whole groups connected to it, as well as the users’ profiles.However, the force is strong in the crypto community and it has been proven once again. Just a day after it was reported YouTube removed what it said was “harmful or dangerous content”, the crypto community went wild. And, as we already...

Jack Dorsey starts with the memories of the early days of Twitter. When it was decentralized and some people were saying they should continue that way. Yet, the dangers of the modern Internet influenced the development and Twitter was intensively centralized to solve several troubles.However, now Twitter CEO is seeing some new challenges and he claims that centralized social media cannot solve them. For instance, centralized enforcement of global policies cannot address abuse and misleading...

A cryptocurrency exchange in Uganda is taking a lot of flak for potentially stealing users’ money.Uganda Is Home to a Crypto ScamThe exchange appears to have set up a phony job search in which several people within the country who may have been looking for jobs either in the cryptocurrency or digital tech fields were asked to apply. As part of the application process, they were required to donate more than 20,000 Uganda Shillings (worth approximately $5 in USD).The trouble is that the...

A bank in South Africa is introducing new regulations regarding how people can – and should – hold cryptocurrency.South Africa: The New Crypto Hotspot?The South Africa Reserve Bank (SARB) says that the new rules will become applicable during the early months of 2020 following a consultation period that has lasted nearly five years. The country has been virtually lost regarding how cryptocurrencies should be monitored and governed and has been seeking advice and outside counsel from digital...