Square is building an open developer platform for decentralized financial services
Square had announced it is building a hardware wallet earlier this month, more recently, according to the CEO Jack Dorsey, Square is now building a bitcoin-focused open developers platform. According to tweets from Square CEO Jack Dorsey , the company is launching a new business line to assist developers in developing Bitcoin-focused financial services applications. […]
PayPal increases its crypto weekly limit purchases to $100K
In a bid to expand its crypto educational services and also to meet the ever-changing needs of customers, PayPal has raised its weekly limit on crypto purchases to $100K. PayPal stated on July 15 that it was raising the weekly cap for crypto purchases by customers in the United States to $100,000, with no annual […]
Reps introduce Security Clarity Act to provide certainty for digital assets
The Security Clarity Act will apply to all assets both tangible and digital, it will also add critical definition and jurisdiction to create certainty for a strong digital asset market in the United States. On July 15, members of Congress submitted a bipartisan bill with the purpose of giving a precise definition of assets under […]
Binance’s Brazil Director Resigns
Amidst the regulatory issues Binance is facing all over the world, the exchange’s director in Brazil resigns. The information was gotten from a LinkedIn profile. Ricardo da Ros, who had been the Director of Binance in Brazil for six months, resigned last night from the company. The main reason for his resignation, according to a […]
New CBECI map estimates indicate China’s hashrate dropped to 46%
The map has now been updated after researchers from the Cambridge Bitcoin Electricity Consumption Index (CBECI) project stated that the website’s “Bitcoin Mining Map” had not been updated since April 2020. The mining map’s current data indicates that coverage extends all the way to April 2021, and the estimate of China’s hashrate dominance is far […]