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“# American Cancer Society launches first-ever Crypto Cancer Fund ” In collaboration with crypto donations company The Giving Block, the American Cancer Society has set up the Cancer Crypto Fund, which seeks to raise at least $1 million by early 2021 to fund ongoing research initiatives. Donations to fund cancer research plunged 50% in 2020,…
“# New Hawaii bill seeks to create state-led blockchain working group ” A new partisan bill introduced by Democrats in Hawaii’s House of Representatives on Monday, Jan. 26, is advocating a targeted strategy for studying and supporting the use of blockchain technology by individuals, firms and state agencies. Hawaii House Bill 622 (HB622) calls for…
“# Goldman Sachs CEO: Regulators should be ‘hyperventilating’ at Bitcoin’s success ” Goldman Sachs senior chairman Lloyd Blankfein has stated that regulators should be “hyperventilating” in response to Bitcoin’s recent success, characterizing the crypto asset as undermining the capacity for lawmakers to monitor the financial system. While appearing on CNBC’s Squawk Box on Jan. 25,…
“# More institutional adoption as Marathon Patent Group purchases $150M in Bitcoin ” Nevada-based crypto mining firm Marathon Patent Group has invested $150 million in Bitcoin as a reserve asset. Marathon announced today that it has purchased more than 4,812 Bitcoin (BTC) for $150 million through the New York Digital Investment Group — an average…
“# Virginia tech firm offers staff option to get paid in Bitcoin, Ether ” Sequoia Holdings — a software development services provider, not to be confused with the well-known venture capital firm Sequoia Capital — is offering its staff the option to set aside a portion of their salary and invest it in cryptocurrency. Sequoia…
“# Anthony Scaramucci says holding Bitcoin as safe as owning bonds and gold ” Anthony Scaramucci, the head of SkyBridge Capital and former White House communications director, believes Bitcoin’s (BTC) value proposition has strengthened significantly now that governments have addressed many of the risks associated with the digital asset. In an opinion article published on…
“# Hat-trick hero: Empty stadiums get blockchain and soccer to play together ” In a first for professional soccer, Spanish team DUX Internacional de Madrid has used crypto to buy a new player. Ex-Real Madrid player David Barral is a new acquisition for the club facilitated by the cryptocurrency trading company Criptan. Although technically this…
“# Retail is here: The virtuous cycle of social engagement with crypto ” One of the tropes that observers commonly invoke to explain the forces behind the crypto markets’ surge at the end of 2020 and in early 2021 is that the process has been mainly driven by the inrush of institutional investment. While there…
“# Genesis Mining head forecasts importance of layer-two Bitcoin solutions ” Would Bitcoin and its blockchain be able to handle mainstream adoption as a store of value without requiring second-layer solutions? Genesis Mining’s head of mining operations, Philip Salter, holds a mixed view. “I think Bitcoin is a good store of value regardless of transaction…
“# Access denied: Banks seem prone to cryptophobia despite growing adoption ” From refusing to bank crypto trading desks to closing accounts held by platforms, the mainstream financial sector appears to be putting up roadblocks to seamless cryptocurrency commerce. Without banking support, exchanges are often forced to depend on other fiat on-ramps to service the…