Jack Dorsey’s Square has ‘no plans’ to purchase more Bitcoin ‘at this point’

Digital payments company Square, led by Twitter CEO Jack Dorsey, decided to hit the brakes—at least for the time being—on Bitcoin (BTC) purchases after losing $20 million on its previous crypto investments, the firm’s CFO Amrita Ahuja told Financial News yesterday.
The post Jack Dorsey’s Square has ‘no plans’ to purchase more Bitcoin ‘at this point’ appeared first on CryptoSlate.

This firm turned an old power plant into Bitcoin farm—and mined $60 million in a year

Over the past few years, private equity firm Atlas Holdings has created arguably the most ambitious and self-sufficient Bitcoin mining facility in the United States by repurposing a whole abandoned power plant into a crypto farm.
The post This firm turned an old power plant into Bitcoin farm—and mined $60 million in a year appeared first on CryptoSlate.

Bank of England deputy governor says stablecoins are a shift away from ‘public money’

Bank of England deputy governor Jon Cunliffe spoke about the growth of stablecoins and digital money in the UK during a speech yesterday at the OMFIF Digital Money Institute, London.
The post Bank of England deputy governor says stablecoins are a shift away from ‘public money’ appeared first on CryptoSlate.

Cardano’s (ADA) price surges as devs recommend it to Tesla

The price of Cardano (ADA) has spiked to a new all-time of $1.96 today after the Cardano Foundation, the non-profit organization behind the cryptocurrency, asked Elon Musk to “get your people to talk to our people.” Cardano x Tesla: An obvious match? 🤔 A thread 🧵…#Cardano #CardanoCommunity #Blockchain pic.twitter dot com/zJAlDV3muw — Cardano Foundation (@CardanoStiftung) May 13, […]
The post Cardano’s (ADA) price surges as devs recommend it to Tesla appeared first on CryptoSlate.

Bitwise launches crypto ETF (but not exactly the kind everyone’s waiting for)

San Francisco-based crypto investment company Bitwise Asset Management has announced the launch of its Bitwise Crypto Industry Innovators (BITQ) exchange-traded fund on Wednesday.
The post Bitwise launches crypto ETF (but not exactly the kind everyone’s waiting for) appeared first on CryptoSlate.

Chainlink, SushiSwap execs join non-profit GoodFi to bring ‘DeFi to 100 million people’

Over 22 developers and executives from decentralized finance (DeFi) heavy-hitters Chainlink, Aave, Sushiswap, and several other crypto projects have joined GoodFi, a not-for-profit organization created by decentralized ledger network Radix.
The post Chainlink, SushiSwap execs join non-profit GoodFi to bring ‘DeFi to 100 million people’ appeared first on CryptoSlate.