Wood believes that Venmo is merely a follower of Cash App, which has generated more than double Venmo’s revenue from almost half the number of users. 0:00 Crypto investment company Ark Invest founder Cathie Wood has dumped all of the firm’s holdings of PayPal and showed greater confidence in the long-term growth of the Cash App payment system which uses the Bitcoin () Lightning Network.Wood explained her firm’s move at the Miami Bitcoin 2022 conference which wrapped up on Saturday. The Lightning Network (LN) is a meant to facilitate faster and cheaper transactions. Financial...…Wood believes that Venmo is merely a follower of Cash App, which has generated more than double Venmo’s revenue from almost half the number of users. 0:00 Crypto investment company Ark Invest founder Cathie Wood has dumped all of the firm’s holdings of PayPal and showed greater confidence in the long-term growth of the Cash App payment system which uses the Bitcoin () Lightning Network.Wood explained her firm’s move at the Miami Bitcoin 2022 conference which wrapped up on Saturday. The Lightning Network (LN) is a meant to facilitate faster and cheaper transactions. Financial...WW…

What a twist! YouTube pulled the plug on our seven-hour livestream. 0:00 YouTube’s censorship rabbit hole is deep, especially when it comes to cryptocurrency topics.Cointelegraph had lined up for a livestream that covered Bitcoin’s third block halving on May 11. The agenda mostly went off without a hitch — fintech luminaries like Tim Draper, Roger Ver, Meltem Demirors and many more shared their time and opinions with Cointelegraph editorial staff over the course of a livestream that lasted just under seven hours.But the stream was blocked and deleted six hours and 42 minutes into a...…What a twist! YouTube pulled the plug on our seven-hour livestream. 0:00 YouTube’s censorship rabbit hole is deep, especially when it comes to cryptocurrency topics.Cointelegraph had lined up for a livestream that covered Bitcoin’s third block halving on May 11. The agenda mostly went off without a hitch — fintech luminaries like Tim Draper, Roger Ver, Meltem Demirors and many more shared their time and opinions with Cointelegraph editorial staff over the course of a livestream that lasted just under seven hours.But the stream was blocked and deleted six hours and 42 minutes into a...WW…

Today, Oct. 31, marks eleven years since the publication of the Bitcoin white paper by the still-mysterious person or group pseudonymously identified as Satoshi Nakamoto. 0:00 Today, Oct. 31, marks eleven years since the publication of the by the still-mysterious person or group pseudonymously identified as . — published on Oct. 31, 2008 —  outlined a tamper-proof, decentralized peer-to-peer protocol that could track and verify digital transactions, prevent double-spending and generate a transparent record for anyone to inspect in nearly real-time. The protocol represented a...…Today, Oct. 31, marks eleven years since the publication of the Bitcoin white paper by the still-mysterious person or group pseudonymously identified as Satoshi Nakamoto. 0:00 Today, Oct. 31, marks eleven years since the publication of the by the still-mysterious person or group pseudonymously identified as . — published on Oct. 31, 2008 —  outlined a tamper-proof, decentralized peer-to-peer protocol that could track and verify digital transactions, prevent double-spending and generate a transparent record for anyone to inspect in nearly real-time. The protocol represented a...WW…

Investor sentiment in the crypto market is floundering after Binance decided to nix its agreement with FTX to purchase the distressed cryptocurrency exchange. The events have sent Bitcoin to a new yearly low, while other altcoins have also taken a sharp downturn. Data from Cointelegraph shows Bitcoin declining to $15,698 amid the chaos caused by FTX’s potential insolvency and the failure of the Binance deal. Analysts are turning to technical charts to try and find the next price path. Analyst expects downside continuation with brief support at $12K Independent market analyst,...…Investor sentiment in the crypto market is floundering after Binance decided to nix its agreement with FTX to purchase the distressed cryptocurrency exchange. The events have sent Bitcoin to a new yearly low, while other altcoins have also taken a sharp downturn. Data from Cointelegraph shows Bitcoin declining to $15,698 amid the chaos caused by FTX’s potential insolvency and the failure of the Binance deal. Analysts are turning to technical charts to try and find the next price path. Analyst expects downside continuation with brief support at $12K Independent market analyst,...WW…

Recent studies have shown the Lightning Network is struggling, but are these teething problems or longer-term issues? 0:00For a currency to be considered useful as money, it has to serve three fundamental purposes. It should function as a medium of exchange, as a store of value and as a unit of account. The fact that doesn’t fulfill all of these purposes to an adequate extent at least partially explains why it hasn’t gained the widespread adoption that many of its earlier supporters had hoped for. There are two main challenges. Firstly, Bitcoin is considered too slow to serve as a...…Recent studies have shown the Lightning Network is struggling, but are these teething problems or longer-term issues? 0:00For a currency to be considered useful as money, it has to serve three fundamental purposes. It should function as a medium of exchange, as a store of value and as a unit of account. The fact that doesn’t fulfill all of these purposes to an adequate extent at least partially explains why it hasn’t gained the widespread adoption that many of its earlier supporters had hoped for. There are two main challenges. Firstly, Bitcoin is considered too slow to serve as a...WW…

MicroStrategy CEO Michael Saylor draws a comparison between Bitcoin and NBA star Lebron James. 0:00 In an with economist Marc Friedrich, MicroStrategy CEO said that Bitcoin is not the same as it was in 2015 or 2017. According to Saylor, the arguments against Bitcoin () that were relevant four years ago are no longer applicable.Bitcoin has grown exponentially since the 2017 peak in terms of infrastructure, fundamentals and adoption. In the past year, institutions have started to increasingly see BTC as a store of value and an inflation hedge.In 2017, critics said Bitcoin was too volatile and...…MicroStrategy CEO Michael Saylor draws a comparison between Bitcoin and NBA star Lebron James. 0:00 In an with economist Marc Friedrich, MicroStrategy CEO said that Bitcoin is not the same as it was in 2015 or 2017. According to Saylor, the arguments against Bitcoin () that were relevant four years ago are no longer applicable.Bitcoin has grown exponentially since the 2017 peak in terms of infrastructure, fundamentals and adoption. In the past year, institutions have started to increasingly see BTC as a store of value and an inflation hedge.In 2017, critics said Bitcoin was too volatile and...WW…

Square reports that Bitcoin composed the bulk of Cash App’s revenue in the first quarter, though it added much less to profit. 0:00 On May 6, Square released its . The filings publicized revenue for Square’s Cash App, a majority of which came from Bitcoin.$306 million of Cash App’s $528 million revenue for the first quarter of the year came from Bitcoin. Despite those numbers, Bitcoin composed a small fraction of Cash App’s profit, only $7 million of $183 million total profit. The company explained why it separated Bitcoin revenue as being more of a core mission:“We deduct bitcoin...…Square reports that Bitcoin composed the bulk of Cash App’s revenue in the first quarter, though it added much less to profit. 0:00 On May 6, Square released its . The filings publicized revenue for Square’s Cash App, a majority of which came from Bitcoin.$306 million of Cash App’s $528 million revenue for the first quarter of the year came from Bitcoin. Despite those numbers, Bitcoin composed a small fraction of Cash App’s profit, only $7 million of $183 million total profit. The company explained why it separated Bitcoin revenue as being more of a core mission:“We deduct bitcoin...WW…

The crypto community should depend less on Bitcoin in order to truly mature and become the financial industry of humanity’s future. 0:00 For the past few months, the blockchain community has been abuzz about the Bitcoin () halving happening in May. With the backdrop of the ongoing pandemic, Bitcoin has been performing extremely well, especially in comparison with commodities such as or that have traditionally been depended upon as a safe hedge against market volatility. Part of the conversation driving the price of Bitcoin upward is “the .” With two weeks left until the halving, what...…The crypto community should depend less on Bitcoin in order to truly mature and become the financial industry of humanity’s future. 0:00 For the past few months, the blockchain community has been abuzz about the Bitcoin () halving happening in May. With the backdrop of the ongoing pandemic, Bitcoin has been performing extremely well, especially in comparison with commodities such as or that have traditionally been depended upon as a safe hedge against market volatility. Part of the conversation driving the price of Bitcoin upward is “the .” With two weeks left until the halving, what...WW…

Close scrutiny of Craig Wright’s paper for his 2008 law degree reveals that he may not even have written his own dissertation. 0:00 The man who claims to have written the Bitcoin () whitepaper may not have written his own law degree dissertation.That’s the picture painted by “PaintedFrog,” the pseudonymous writer of a on April 9. This post demonstrates large-scale similarities between Wright’s dissertation and several other publicly available sources. Wright’s for his LLM in International Commercial Law for Northumbria University was written in 2008, titled The Impact of Internet...…Close scrutiny of Craig Wright’s paper for his 2008 law degree reveals that he may not even have written his own dissertation. 0:00 The man who claims to have written the Bitcoin () whitepaper may not have written his own law degree dissertation.That’s the picture painted by “PaintedFrog,” the pseudonymous writer of a on April 9. This post demonstrates large-scale similarities between Wright’s dissertation and several other publicly available sources. Wright’s for his LLM in International Commercial Law for Northumbria University was written in 2008, titled The Impact of Internet...WW…

Bitcoin’s breakout to $67,000 also sent the total crypto market capitalization to a new all-time high and is a signal that altcoins could soon embark on a new uptrend. 0:00 Bitcoin () on Oct. 20, hitting close to $67,000. Ether () also and has started its march toward the all-time high. This pushed the to a new all-time high above $2.64 trillion.The successful debut of the ProShares’ Bitcoin Strategy exchange-traded fund (BITO) acted as the trigger to boost sentiment in the crypto space. The ProShares’ ETF trading volume on the , making it the second-most successful ETF debut based on the...…Bitcoin’s breakout to $67,000 also sent the total crypto market capitalization to a new all-time high and is a signal that altcoins could soon embark on a new uptrend. 0:00 Bitcoin () on Oct. 20, hitting close to $67,000. Ether () also and has started its march toward the all-time high. This pushed the to a new all-time high above $2.64 trillion.The successful debut of the ProShares’ Bitcoin Strategy exchange-traded fund (BITO) acted as the trigger to boost sentiment in the crypto space. The ProShares’ ETF trading volume on the , making it the second-most successful ETF debut based on the...WW…