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Bitcoin (BTC) hash rate has returned to all-time highs despite losing a key hash rate contributor. Meanwhile, amid lackluster price action, Block CEO Jack Dorsey confirmed the creation of an open Bitcoin mining system.The BTC space continues to surprise and bewilder critics and fanatics alike. Kazakhstan, the network's second most important
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Former Twitter CEO and founder Jack Dorsey has announced plans to create a “Bitcoin Legal Defense Fund” with Chaincode Labs co-founder Alex Morcos and Martin White, who appears to be an academic at the University of Sussex.The announcement was sent on a mailing list for Bitcoin developers, bitcoin-dev, at 00:13:45
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The main purpose of the fund will be to defend developers from from lawsuits regarding their activities in the Bitcoin ecosystem, Dorsey wrote in an email to the bitcoin-dev mailing list dated Jan 12. Jan 12, 2022 at 6:27 a.m. UTCUpdated Jan 12, 2022 at 6:27 a.m. UTCJack Dorsey (Eva
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Former Twitter CEO Jack Dorsey has ignited a debate about web3 after Tesla CEO Elon Musk criticized it. Dorsey warned of the risks from centralization, emphasizing that web3 is owned by venture capitalists (VCs), hiding under the premise of decentralization. “I’m concerned to see ‘the industry’ be distracted under false
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The contretemps highlights important questions about what a truly decentralized internet would really look like, and what role different stakeholders have in building it. Dorsey, a longtime Bitcoin aficionado, appears to have aligned himself with the so-called maximalists, a camp highly suspicious of any rival to the original cryptocurrency and
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Twitter ex-CEO Jack Dorsey has admittedly never been a fan of Ethereum and has been quite open about his stance on the cryptocurrency. Dorsey has always been a Bitcoin maximalist through and through, showing support for the pioneer cryptocurrency at every turn. Even going as far as stepping down as
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In a series of tweets posted on Tuesday, Jack Dorsey, the co-founder and former CEO of Twitter, as well as the founder and CEO of Square (now Block), voiced his criticism over the direction of Web 3.0 development. Elon Musk, the CEO of Tesla, joined Dorsey in the mockery. On
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Bitcoin will replace the dollar Jack Dorsey said on Tuesday, in response to a tweet by rapper Cardi B.Cardi B broadly asked if crypto would replace the U.S. currency to which Dorsey replied “Yes, Bitcoin will.”Yes, Bitcoin will— jack⚡️ (@jack) December 21, 2021The co-founder and former CEO of Twitter is
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The 500 BTC blind trust announced its board of directors. Back in February, Jack Dorsey and Jay-Z created the ₿trust with a clear mission. To “make bitcoin the internet’s currency.” The four individuals in charge of making that happen are now public knowledge. Three of them are from Nigeria, a
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The one-time chief executive of social media giant Twitter and payments platform Square is now focused solely on Block (Square’s new crypto-themed name). Jack Dorsey is perhaps Silicon Valley’s leading Bitcoin evangelist. He’s called the cryptocurrency the “native currency of the internet,” and has worked to bring that about. Before
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