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El Salvador is the first to adopt Bitcoin as real money — which is good news for the unbanked

Around the world, bitcoin has a mixed reputation. Owning and using the cryptocurrency is legal in a majority of nations, tolerated in many others, and outlawed by a relatively small number. El Salvador has just become the first nation to formally adopt the cryptocurrency as legal tender, and a handful of other Latin American leaders have indicated that they would follow suit. This marks a sharp change in bitcoin’s reputation on the global stage. Backed by a public ledger called “the blockchain”,...
Tags: Startups, El Salvador, Cryptocurrency, Hard Fork, Next Featured


Trump just shat on 46M Bitcoin HODLers — Good luck in 2024

The last US presidential election featured the highest voter turnout in the nation’s history. The candidates received a combined 155.4 million votes with just over seven million separating them. That’s a margin of about 4%. By that math it would seem like incredibly poor judgment if a candidate were to intentionally disrespect a group of people representing as much as 20% of the US adult voting population. Enter the 45th president of the United States of America, Donald Trump. Despite his numero...
Tags: Startups, Politics, Opinion, Finance, US, Tech, United States, Cryptocurrency, Hard Fork, United States Of America Donald Trump, Next Featured


Kraken and Bitfinex are reportedly exploring ways to enter India

Earlier this year, India was about to propose a bill to ban cryptocurrency trading. While that’s on hold, there are multiple concerns about India’s cryptocurrency regulations that can impact traders and exchanges. However, this uncertainty hasn’t stopped major exchanges from exploring the possibility of building out their presence in India. According to a report by Reuters, U.S.-based Kraken, and Hong Kong-based Bitfinex and KuCoin are “scouting the market” to potentially set up camp in the coun...
Tags: Startups, Hong Kong, India, Kraken, Reuters U S, Bitfinex, Hard Fork


What happens to Bitcoin when billionaires build cryptocurrency miners on the Moon?

By the end of 2021, if everything goes according to plan, the richest man in the world will take a pleasure cruise to outer space on his personal spacecraft and both Bitcoin and Dogecoin will literally go to the Moon. Space exploration and exploitation have traditionally been nationalist endeavors. But the rise of the 12-digit billionaire has suddenly made outer space look like open territory. The players Jeff Bezos is stepping down from his position as the CEO of Amazon after 25 years ahead of ...
Tags: Amazon, Startups, Space, Insights, Tech, Jeff Bezos, Cryptocurrency, Dogecoin, Hard Fork


We need a global crackdown on Bitcoin mining to curb its monstrous energy demands

Huge concrete data centers, permanently plugged into power plants and telephone exchanges, maintain much of online life. But the infrastructure behind internet-based cryptocurrencies such as bitcoin, dogecoin and ethereum is more like a rusty traveling circus. And right now, that circus is on the road. Bitcoin relies on a network of millions of specialist machines, known as miners, around 70% of which are currently based in China. Like a never-ending game of Hungry Hippos, each player hammers th...
Tags: Startups, China, Cryptocurrency, Hard Fork, Next Featured


Stack Overflow acquired by Prosus for a whopping $1.8B

Stack Overflow, the online developer community forum, has struck a deal with Naspers’ international internet assets division Prosus. According to a report from the Wall Street Journal, Prosus is buying the company for a whopping $1.8 billion. The investment firm is known for its $200 billion holdings in the Chinese tech giant Tencent. This acquisition is one of the biggest in Prosus’ portfolio. [Read: This dude drove an EV from the Netherlands to New Zealand — here are his 3 top road trip tips] ...
Tags: Startups, US, New Zealand, The Netherlands, Naspers, Stack Overflow, Hard Fork, Prosus, Prosus According, Wall Street Journal Prosus


Standard Chartered jumps into crypto trading after HSBC darts away

Standard Chartered is hopping on the crypto trading bandwagon. The British banking giant today announced that its innovation unit, SC Ventures, will launch a digital asset brokerage and exchange platform for institutional clients in Europe. StanChart is establishing the venture alongside BC Technology Group, the parent company of Hong Kong-licensed digital-asset platform OSL. The partnership will be based in the UK and offer trading in Bitcoin, Ethereum, and other digital assets. Alex Mason, the...
Tags: Startups, Hong Kong, Europe, UK, Hsbc, Standard Chartered, Insider, Bitcoin Ethereum, Hard Fork, Alex Mason, SC Ventures, BC Technology Group


Zoom expects to beat expectations with over $985M revenue this quarter

The coronavirus pandemic is still looming, and most companies are working in a hybrid model if not sticking to the work from home rigmarole. But that means conferencing platforms such as Zoom become extremely important. The company also believes the current situation will help it earn more money and beat analyst expectations this quarter. A Reuters report noted that Zoom expects to cash in $985 million to $990 in revenue this quarter — much higher than the analysts’ figure of $931.8 million. The...
Tags: Startups, Reuters, Hard Fork


3 FREE tips to assess the credibility of financial advice on #fintok

Queenie Tan is full of financial advice. Whether it is cheap date ideas, buying furniture, saving your first $100,000, doing your tax return, or investing in Dogecoin, there is seemingly no topic the 24-year-old Sydney woman can’t confidently tackle. Her posts and videos have gained her 15,000 followers on Instagram and 42,000 followers on TikTok. Her explainer on Australian tax rules for cryptocurrency capital gains has been viewed more than 360,000 times. Her tips for first home buyers more th...
Tags: Startups, Sydney, Queenie, Dogecoin, Hard Fork, Queenie Tan


HSBC CEO says no thanks to Bitcoin and other cryptocurrencies

In an interview with Reuters, HSBC CEO Noel Quinn made it clear that the banking giant has no plans to support Bitcoin or other cryptocurrencies anytime soon. According to Reuters, the bank does not intend to launch a cryptocurrency trading desk or offer it as an investment option. The reasoning is what you’ve heard a million times by now: they’re just too volatile. Specifically, Quinn says: “Given the volatility we are not into Bitcoin as an asset class, if our clients want to be there then of ...
Tags: Startups, Hsbc, Quinn, Insider, Reuters, Reuters HSBC, Hard Fork, Noel Quinn


Robinhood launches a new platform for you to buy into IPOs

Trading app Robinhood has opened up a new platform for customers to buy shares of companies at their Initial Public Offering (IPO) price. The company said it wants to democratize Wall Street offerings with this new platform called, which is called IPO Access: Most IPO shares typically go to institutions or wealthier investors. With IPO Access, everyday investors at Robinhood will have the chance to get in at the IPO price. The trading platform is also set to have its own IPO in a few week’s time...
Tags: Startups, Ipo, Robinhood, Reuters, Initial Public Offering IPO, Hard Fork


This game gives you 30 seconds to spend Elon Musk’s grotesque net worth

What would you do if you were one of the richest people on earth? I imagine you’d generously donate all your money to charity — which is probably why you’re reading about Elon Musk rather than living like him. The Tesla tycoon briefly topped the Bloomberg Billionaires Index earlier this year, although he’s since slipped down to third place, behind space rival Jeff Bezos and LVMH chairman Bernard Arnault. Still, a fortune of $146.5 billion is a decent chunk of cash to plow into his companies, car...
Tags: Startups, Elon Musk, Jeff Bezos, Lvmh, Insider, Bloomberg Billionaires Index, Bernard Arnault, Hard Fork


What does Tesla’s U-turn on Bitcoin payments mean for the future of cryptocurrencies?

Tesla’s relationship with cryptocurrencies has been a stop-start rollercoaster. In February, the electric vehicle manufacturer announced it had purchased US$1.5 billion (£1.1 billion) of Bitcoin and planned to accept the cryptocurrency in future as a means of payment from its customers. The price of the largest cryptocurrency surged that day from just over US$39,000 to US$46,000, on its way to an all-time high of almost US$65,000 in April – and a paper profit of well over US$1 billion for Tesla....
Tags: Startups, US, Tesla, Hard Fork, Tesla Fast


Australian Bitcoin ‘creator’ files UK lawsuit to retrieve $5.6B cryptocurrency fortune

Another day, another person claiming they’ve created Bitcoin. Craig Wright, an Australian computer scientist, has launched a $5.6 billion lawsuit in a London high court to retrieve 111,000 Bitcoins, claiming that he’s the inventor of the cryptocurrency. Wright has filed the case against 16 developers who were behind crypto networks Bitcoin Satoshi Vision (BSV), Bitcoin Core (BTC), Bitcoin Cash, (BCH), and Bitcoin Cash ABC (ABC). A report from Reuters noted that these networks have wallet address...
Tags: Startups, UK, London, New Zealand, Reuters, Craig Wright, Wright, ABC ABC, BCH, Hard Fork, Plugged, Bitcoin Satoshi Vision BSV Bitcoin Core BTC, US Europe Japan Australia


China’s digital currency is coming — other major economies need to follow suit

China is making promising progress with testing its digital yuan currency. It has announced the success of a pilot in Suzhou City, near Shanghai in eastern China, where 181,000 consumers were given ¥55 (£6) of free money in digital wallets to spend at participating outlets in the Double Fifth shopping festival between May 1 and 5. This was part of a bigger test by the People’s Bank of China targeting 500,000 consumers in 11 Chinese regions since April. For those eligible, there is a straightforw...
Tags: Startups, China, Shanghai, People 's Bank of China, Hard Fork, Suzhou City


BitTorrent inventor’s ‘green’ Chia cryptocurrency may not be great for the environment

It has been a big year for cryptocurrency. Bitcoin is worth six times what it was 12 months ago, and the joke currency Dogecoin has seen a hundredfold increase in price. A boom in “non-fungible tokens”, or NFTs – tradable tokens based on the same technology as cryptocurrency – is transforming the art market. With this growth has come renewed scrutiny, with critics attacking Bitcoin in particular as a speculative bubble that uses vast amounts of electricity and produces no real value. A new crypt...
Tags: Startups, Bitcoin, Bittorrent, Dogecoin, Hard Fork


Tesla beats analyst expectations through Bitcoin and stellar sales

Tesla zoomed past analyst expectations in its quarterly results thanks to record-breaking car sales and Bitcoin trading. The company posted its earnings last night that noted $10.4 billion in revenue for Q1 2020 — matching the analyst expectations. Despite the global chip shortage, Tesla delivered a record-breaking 184,877 cars in the quarter, beating the mark of 180,570 set in Q4 2020. This number was also much higher than the analyst expectation of  177,822 vehicle deliveries.  The firm also e...
Tags: Startups, Wall Street, Tesla, Hard Fork


Microsoft buys Siri’s AI partner firm Nuance for $19.7B

Update (12/04/2021): Microsoft Microsoft reportedly wants to buy Siri’s AI partner firm Nuance for $16B today that it bought Nuance for $19.7 billion in an all-cash deal. The company said that this acquisition will help it bolster its AI offerings in healthcare, cloud, and office collaboration space. You can read more about the announcement here.  Previous headline: Microsoft reportedly wants to buy Siri’s AI partner firm Nuance for $16B New week, new Microsoft acquisition chatter. After reports...
Tags: Startups, Microsoft, Siri, Nuance, Microsoft Microsoft, Neural, Hard Fork, Nuance for 16B New


Microsoft buys Siri’s AI partner firm Nuance for $19.7B

Update (12/04/2021): Microsoft Microsoft reportedly wants to buy Siri’s AI partner firm Nuance for $16B today that it bought Nuance for $19.7 billion in an all-cash deal. The company said that this acquisition will help it bolster its AI offerings in healthcare, cloud, and office collaboration space. You can read more about the announcement here.  Previous headline: Microsoft reportedly wants to buy Siri’s AI partner firm Nuance for $16B New week, new Microsoft acquisition chatter. After reports...
Tags: Startups, Microsoft, Siri, Nuance, Microsoft Microsoft, Neural, Hard Fork, Nuance for 16B New


Microsoft reportedly wants to buy Siri’s AI partner firm Nuance for $16B

New week, new Microsoft acquisition chatter. After reports of the tech giant acquiring gaming-focused communication platform Discord for more than $10 billion, rumors of it chasing speech AI company Nuance have emerged. According to a report from Bloomberg, Microsoft wants to buy the AI firm for $16 billion. The Seattle-based tech giant is ready to pay $56 per share — that’s more than 20% higher than Nuance’s last closing of $45.22. A CNBC report noted that Microsoft made the first approach in D...
Tags: Startups, Microsoft, Siri, Seattle, Cnbc, Nuance, Bloomberg Microsoft, Neural, Hard Fork


Amid the live audio app boom, Clubhouse is reportedly seeking funding with a $4B valuation

Since Clubhouse became the new social media darling in just a few short months, live audio features and platforms have garnered a lot of interest in the tech community. The company now wants to raise more money, which should help it stay ahead of the competition. According to a report from Bloomberg, Clubhouse wants to start new funding round, with the firm valued at $4 billion. In January, the live audio platform raised $100 million in funding led by Andreessen Horowitz;the VC giant had valued ...
Tags: Startups, Andreessen Horowitz, Hard Fork, Bloomberg Clubhouse


What we know about Coinbase’s April 14 IPO

One of the largest crypto exchanges in the US, Coinbase, announced last week that it’s planning to go public on April 14. The firm said that the Securities and Exchange Commission (SEC) has accepted its S-1 registration statement and it’ll have the ticker symbol of COIN, which is pretty cool. We’re happy to announce that earlier today, the SEC declared our S-1 registration statement effective and that we expect our direct listing to occur on April 14, 2021, with our Class A common stock trading ...
Tags: Startups, US, SEC, Securities and Exchange Commission SEC, Hard Fork


Digital art NFTs are all the rage — but they’re horrible for Mother Earth

How much would you be willing to pay for a one-of-a-kind work of art? For some collectors, the limit lies somewhere in the region of hundreds of millions of dollars. What about a work of art that has no tangible form, and exists only as a digital token that’s no more “real” than a JPEG file? Welcome to the strange world of crypto art collectibles, also known as NFTs. Like Bitcoin, NFTs (non-fungible tokens) are cryptocurrencies. But whereas individual bitcoins all have the same value, NFTs are m...
Tags: Startups, Hard Fork


5 tips for an ethical investment in tech stocks

These days people trading on the stock market want more than just a strong financial return. They’re increasingly opting for investments that will also have a positive societal impact. The coronavirus pandemic showed us even established tech companies can suffer downturns in the short term. Apple, a tech behemoth, was left reeling when Chinese manufacturing hubs were temporarily shut down last year. In the longer term, however, technology stocks remain a first choice for many investors. Historic...
Tags: Apple, Startups, Hard Fork


Robinhood is planning to go public — here’s what we know

Popular stock trading app Robinhood is going public, the company said last night. While the firm has submitted documents for an initial public offering (IPO), it hasn’t determined the number of shares, proposed price range, or even a date for going public just yet. The company has filed for IPO under confidentiality, which allows it to keep some information under wraps. Analysts suggest that the firm is currently valued at $12 billion, and the IPO could push its valuation to over $20 billion. La...
Tags: Startups, Ipo, Goldman Sachs, Robinhood, Cnbc, Hard Fork, Plugged


Fiat’s ‘sustainable driving’ cryptocurrency is utter bollocks

*Sigh* I thought we’d moved on from stuff like this. It’s not 2017 anymore, but obscure and useless cryptocurrencies are still trying as they might to be A Thing. In recent weeks, you might have seen headlines touting Fiat’s new partnership with cryptocurrency KiriCoin — but please, don’t get swept up by its novelty. According to a press release by Fiat’s owner Stellantis, KiriCoin is embedded in the ever lovable Fiat 500’s accompanying app. Careful and economical drivers will, in theory, be rew...
Tags: Startups, Fiat, Shift, Hard Fork, Stellantis KiriCoin


Microsoft reportedly wants to buy Discord for more than $10B

Microsoft is out for shopping again and this time it wants to buy Discord, the communication platform for gamers. This morning, Bloomberg reported that the tech giant wants to acquire the app for more than $10 billion — a hefty sum. In December, Discord raised $100 million at a $7 billion valuation, so it wouldn’t be surprising if the sale price is higher than $10 billion. On Monday, VentureBeat reported that Discord is exploring multiple options, including a sale. But a Microsoft acquisition is...
Tags: Startups, Microsoft, Bloomberg, VentureBeat, Hard Fork, Discord Bloomberg


Hardware wallets: Here’s what you need to know if you’re new to bitcoin

In 2018, when the price of bitcoin dropped from an all-time high of around $20,000 to less than $6,000, a lot of people thought cryptocurrencies were dead. But today, the cryptocurrency market is on another massive bull run, with the price of bitcoin hovering above $50,000 and other cryptocurrencies standing at historic records. Naturally, with the growing price of bitcoin comes a wave of new enthusiasts who don’t want to miss the opportunity of the next spike in the value of cryptocurrencies. U...
Tags: Startups, Hard Fork


Stripe hits $95B valuation, is now Silicon Valley’s most precious private company

Online payment platform Stripe became Silicon Valley’s most valuable private company with its latest funding round. The company announced on Sunday that it has raised $600 million from Allianz X, Axa, Baillie Gifford, Fidelity Management & Research Company, Sequoia Capital, and Ireland’s National Treasury Management Agency (NTMA), taking its valuation to a gargantuan $95 billion.  As the Financial Times noted, the 11-year-old company has surpassed the valuation of Facebook and Uber before they w...
Tags: Startups, Facebook, Ireland, Silicon Valley, Financial Times, Hard Fork, National Treasury Management Agency NTMA


What is Roblox, the big new gaming IPO darling?

Roblox, the kid-friendly gaming universe, made a great debut at Wall Street on Wednesday as the company’s share prices closed at $69.50 — a 43% rise from the initial trading price. But what exactly is Roblox and why did it hold an IPO? Let’s take a look. What’s Roblox? Roblox is an online game platform where you can create your own games and play games made by others — think of it as a Minecraft competitor.The title has been around for a long while; the first PC version was released in 2006. The...
Tags: Startups, Minecraft, Roblox, Hard Fork