Google, a part of the broader technology conglomerate Alphabet, has hired former PayPal executive Arnold Golberg to chart a new course for the search giant’s payments division after its failed push into banking. Bloomberg reports that the company will be “employing a broader strategy,” and will be open to a wider scope of financial solutions, including digital currencies.
The leading desktop chip manufacturer Intel is looking to unveil a new type of ASIC at the upcoming International Solid-State Circuits Conference (ISSCC) during the demonstration session scheduled for February 23, titled “Bonanza Mine: An Ultra-Low-Voltage Energy-Efficient Bitcoin Mining ASIC.”
Dogecoin is now an accepted payment method on the leading car manufacturer’s online shopping platform.
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One of the leading digital payment service providers, Cash App, has just integrated the Lightning Network, a Bitcoin Layer 2 solution allowing for drastically cheaper and faster transfers. The update comes three years after Jack Dorsey, a CEO of Block, the company that owns and develops Cash App, guaranteed that the Lightning implementation is not a question of if but when.
Changpeng Zhao, the founder and CEO of the world’s largest cryptocurrency exchange Binance has an estimated net worth of $96 billion, according to a Monday’s report published by Bloomberg.
On Wednesday, investment banking giant Goldman Sachs (GS) published a note to its client in which it detailed how Bitcoin could reach a $100,000 price tag and grow past $1.8 trillion market valuation.
Bitcoin and other digital currencies have undergone a massive market pullback in the last 24 hours, which plunged virtually all coins in the red zone. The value of all digital assets in circulation has diminished by roughly 10%, leaving the total market cap standing at $2.09 trillion at press time.
MicroStrategy, a publicly-listed US company has spent $94.2 million on its purchase of 1,914 Bitcoin during the month of December. According to Bitcoin Treasuries, the company now holds 124,391 BTC, worth $5.8 billion at current market rates.