Square changes corporate name to Block

Jack Dorsey (left), Square CEO and Twitter CEO, broadcasts a live video as he stands outside the New York Stock Exchange for the Square IPO, in New York on November 19, 2015. Lucas Jackson | Reuters Square is rebranding itself as Block as it focuses on technologies like blockchain and is expanding beyond the original … Read more

Facebook ends ban on cryptocurrency ads

Facebook President Mark Zuckerberg announced Thursday that the parent company’s name has been changed to “Meta” to represent a future beyond its troubled social network. Chris Delmas | AFP | Getty Images Facebook announced on Wednesday its decision to reverse a long-standing policy that has prevented most cryptocurrency companies from displaying ads on their services. … Read more

Jack Dorsey’s Twitter departure means more time for bitcoin passion

Jack Dorsey, co-founder and CEO of Twitter Inc. and Square Inc. , during the Bitcoin 2021 conference in Miami, Florida, US, on Friday, June 4, 2021. Eva Marie Ozkategi | Bloomberg | Getty Images Jack Dorsey resigned as Twitter’s CEO Monday morning, citing his belief that the company was “prepared to ditch its founders.” That … Read more

Infrastructure bill cracks down on crypto tax reporting. What to know

chennapong | iStock Editorial | Getty Images Financial experts say crypto investors may face higher taxes as the infrastructure bill eliminates future IRS reporting. The $1.2 trillion deal requires mandatory annual tax returns from crypto brokers starting in January 2023 to help pay for President Joe Biden’s domestic spending agenda. The measure could generate nearly … Read more

Bitcoin (BTC) climbs back above $57,000 after sell-off

The value of Bitcoin (BTC) has crossed the $66,895 threshold for the first time in its history. Chesnot | Getty Images Bitcoin and other cryptocurrencies rose on Monday after a sharp sell-off at the end of last week. Bitcoin price is up nearly 6% in the past 24 hours to $57373, according to Coin Metrics … Read more

Bitcoin (BTC) enters bear market on new Covid variant

Bitcoin prices fell sharply amid the massive sell-off in global stocks. Luke McGregor | Bloomberg | Getty Images Bitcoin fell sharply along with other assets on Friday, reaching its lowest level in six weeks and officially entering bear market territory. Bitcoin is down 7% in the past 24 hours to $54,561, according to Coin Metrics … Read more

‘I have no interest in being a crypto cowboy’

Kevin O’Leary Scott Millian | CNBC Notorious Kevin O’Leary has been investing in cryptocurrency but hasn’t done it lightly, telling CNBC that he’d rather consult with regulators in the field than be a “crypto cowboy.” O’Leary told CNBC’s “Capital Connection” on Tuesday that he prefers to consult with regulators before investing in cryptocurrency, in order … Read more

India may tighten rules, not impose outright ban, Zebpay says

India is set to propose a new crypto bill in Parliament, and investors are trying to understand what this might mean for the future of virtual currencies in South Asia’s largest economy. Lawmakers may eventually choose to impose strict regulations on the cryptocurrency market rather than impose a total ban on private currencies, according to … Read more

Stripe open to accepting crypto for payments again

John Collison, president and co-founder of Stripe, attends the Viva Tech 2018 conference in Paris. Christophe Morin | IP3 | Getty Images Stripe is not ruling out accepting cryptocurrency as a payment method in the future, according to co-founder John Collison. The online payments company ended its support for bitcoin payments in 2018, citing the … Read more

Lancium raises $150 million for renewable-run bitcoin mines in Texas

This image shows an Amazon wind farm in Texas. Amazon HOUSTON — Houston-based technology company Lancium announced Tuesday that it has raised $150 million to build bitcoin mines across Texas that will run on renewable energy. Next year, the company plans to release more than 2,000 megawatts of capacity across its multiple sites, which Lancium … Read more