Elon Musk recently acquired a 9.5% stake in social media platform Twitter and joined the board last week. The tech billionaire has been serious about improving Twitter and preventing the influence of scammy accounts and bots on the platform.
The Billionaire Peter Thiel Rocks the Financial World With His Prediction That the Price of Bitcoin (BTC) Will Increase “100x” to Over $4 Million!
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Electric car maker Tesla entered a bitcoin mining in partnership with blockchain firm Blockstream and Jack Dorsey’s payments firm Block. The three companies will collaborate on mining bitcoin in an open-source, solar-powered mining facility in Texas. The facility will be powered by solar power and battery infrastructure provided by Tesla.
Sky Mavis, the company behind the play-to-earn (P2E) game Axie Infinity, announced it has raised $150 million in a funding round to replenish the funds the company lost in the Ronin Network exploit. The funding round — which was led by Binance and had the participation of companies like Animoca Brands, a16z, Dialectic, Paradigm, and Accel — constitutes part of the actions the company is taking to recover its ecosystem and reimburse users.
A crypto-friendly special economic zone in Honduras has adopted bitcoin as legal tender, allowing the cryptocurrency to be used to pay taxes and fees. In addition, bitcoin bonds can be issued within its jurisdiction using “world-class standards for AML and KYC.”
Analysts have put this number at 300 EH/s by the end of the year but can bitcoin achieve this in the next 8 months?
The Central Bank of Russia has turned down a proposal to allow the use of digital currencies for the purpose of sanctions evasion. The monetary authority believes this is hardly an option as Western regulators are already taking steps to prevent such transactions.
JPMorgan Chase CEO Jamie Dimon sees decentralized finance (defi) and blockchain as real, new technologies that can be deployed in both private and public fashion. He also noted that JPMorgan is at the forefront of this innovation.
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