Twitter and Square CEO Jack Dorsey alluded to spending $10,000 per week on Bitcoin (BTC) on the podcast Tales from the Crypt on March 4. On the podcast, Dorsey spoke on how he came to experiment with Bitcoin and what parallels he sees between Bitcoin and Twitter. Speaking about the “Stacking Sat Saturday” — a trend where users buy $25 in BTC every week to show the growing adoption of cryptocurrencies — Dorsey said that “[he] saw that [Stacking Sat Saturday] on Twitter […] I would have participated but I have already exceeded my limit on CashApp. I can’t purchase …

Financial derivatives giant Fidelity Investments received and passed on the Lightning Torch, as revealed by tweet by the company sent on Feb. 22. Just like the Olympic torch, the Lightning Torch is being passed between members of the Lightning Network community. The trend first reportedly started when Twitter user and Bitcoin (BTC) enthusiast Hodlonaut sent 10,000 satoshis (the smallest, indivisible fractions of a Bitcoin) to another Lightning user, and the user added another 10,000 satoshis and passed it on. Fidelity passed the torch to the Harvard School Blockchain & Crypto Club in the wake of its upcoming dedicated conference. Previously, …

Twitter co-founder and CEO Jack Dorsey — also the founder and CEO of United States-based Bitcoin (BTC)-supporting payments service Square — said that rolling out the Lightning Network on Square’s Cash App is a question of “when, not if.” Dorsey made his remarks during an interview alongside Elizabeth Stark, co-founder of Lightning Labs, on the Stephen Livera podcast Feb. 11. The Lightning Network (LN) is a second-layer solution to Bitcoin’s scalability limitations, which works by opening payment channels between users that keep the majority of transactions off-chain. In response to a question regarding possible LN support on the popular Cash …

Twitter and Square CEO Jack Dorsey has again expressed his pro-Bitcoin (BTC) stance, revealing that the sole crypto he holds is BTC, according to a tweet on Feb. 6. The known Bitcoin supporter has revealed his cryptocurrency of choice following a recent interview where Dorsey claimed that he still believes that Bitcoin will be the the native currency of internet. In a thread of the tweet that amassed over 5,000 likes, Dorsey reiterated his previous statements regarding the biggest and oldest cryptocurrency, also calling it a “great brand.” He wrote: “Bitcoin is resilient. Bitcoin is principled. Bitcoin is native to …

Twitter co-founder and CEO Jack Dorsey has joined a community project demonstrating the functionality of Bitcoin’s (BTC) second-layer scaling protocol, the Lightning Network (LN), on Feb. 5. Dorsey, who has repeatedly pledged his faith in Bitcoin becoming the de facto currency of the internet, is now participating in an experiment dubbed LN Trust Chain, a chain of transactions on the LN that began circulating Jan. 19. Based on the concept of the Olympic flame, the “Lightning Torch” is a series of transactions between users of the Lightning Network, with participants communicating on Twitter with the hashtag #LNtrustchain. Each user receives …

Co-founder and CEO of Twitter Jack Dorsey declared again that he believes Bitcoin (BTC) will be the internet’s native currency. Dorsey made his comments during an interview with American comedian and podcast host Joe Rogan published on Feb. 2. During the interview, Dorsey stated: “[Bitcoin] was something that was born on the internet, that was developed on the internet, that was tested on the internet…It is of the internet.” The Twitter CEO had made a similar claim before, noting in mid-May 2018 that he sees Bitcoin as a choice for the internet’s native currency. Dorsey is also the founder and …

Cryptocurrencies were never apolitical. The fateful 2008 Satoshi Nakamoto treatise did not appear in an ideological vacuum: Notions of online privacy, proactive use of cryptography for protecting individual freedom, and denationalization of currency that informed the Bitcoin creator’s vision had been brewing for at least two decades, at least since the rise of the cypherpunk movement in the early 1990s. The libertarian spirit of individual sovereignty and suspicion of governments and central banks has dominated the intellectual milieu where the concept of digital cash was forged and developed into a working technology. As cryptocurrencies went more mainstream, the core community’s …

South Africa’s national cricket organization briefly fell victim to scammers on Twitter and began offering a fake Bitcoin (BTC) lottery, Indian daily news outlet Indian Express reported on Jan. 14. Cricket South Africa (CSA), which has over 1 million followers, tweeted its alleged participation in the scheme in the early morning. Staff claimed the organization had begun a partnership with Luno, a United Kingdom-based cryptocurrency wallet, through which users could win a prize worth 20 BTC ($70,900). The now-deleted tweet included a Bitcoin address to which those wishing to be involved should send a 0.01 BTC, and was active for …

The Twitter account of a Belgian non-profit was evidently hacked and made into a fake affiliate account of United States crypto exchange Coinbase. The impersonating account posted what what appeared to be a scam giveaway promotion, allegedly celebrating Coinbase's user base growth in a tweet today, Jan. 9, that has since been deleted. Scammers had targeted the account of the Federation of Enterprises in Belgium (FEB), a non-profit organization that aims to promote the interests of Belgian businesses. After taking control of the FEB’s Twitter account, the scammers transformed the account to appear to be affiliated with Coinbase. The account’s …

A decentralized cryptocurrency is by definition vulnerable to 51 percent attacks, the creator of Litecoin (LTC) Charlie Lee stated in a tweet Jan. 7. In the wake of recent news about unusual mining activity on the Ethereum Classic (ETC) network — which many continue to refer to as a 51 percent attack — Lee shared his observation, stating that: “By definition, a decentralized cryptocurrency must be susceptible to 51% attacks whether by hashrate, stake, and/or other permissionlessly-acquirable resources. If a crypto can't be 51% attacked, it is permissioned and centralized.” Lee’s statement was in response to another tweet stating that …

Ethereum (ETH) co-founder Vitalik Buterin declared that future blockchains with sharding based on proof-of-stake (PoS) will be “thousands of times more efficient” in a lengthy Twitter thread posted on Dec. 10. In the long series of tweets, Buterin addressed non-financial applications of blockchain technology. He stated that, as scalability advances (driving fees down) and user experience (UX) gets better, non-financial applications will become “a bigger part of the story.” He further noted that blockchains are not about “cutting computational costs,” but are instead about increasing computational costs while decreasing “social costs.” Buternin stated that computers have become 1 trillion times …

Former U.S. Congressman Ron Paul has asked Twitter users Nov. 15 how they would prefer to receive $10,000 if they had to keep it in this form for a decade, with the majority picking Bitcoin (BTC) . Of the respondents, 50 percent answered that they would prefer to receive their $10,000 in Bitcoin, the second most chosen asset was gold (37 percent), the third U.S. 10 year treasury bonds (11 percent), and the last was the U.S. dollar at only 2 percent. Screenshot of Ron Paul’s Nov. 14, 2018 tweet. Source: Twitter Bitcoin’s price had recently been stable for a …