In two recent job postings on LinkedIn, Jack Dorsey’s Block (formerly Square) revealed the group’s plans to develop “the next generation of mining ASIC” and make a hardware wallet for the next 100 million Bitcoin (BTC) users.
Bitcoin price made a quick pop above $43,100 in the U.S. trading session but uncertainty is still the dominant sentiment among traders on Jan. 11 and bulls and bears are split on whether this week’s drop to $39,650 was BTC’s bottom.
We “have to pass the bill so that you can find out what is in it,” infamously said House Speaker Nancy Pelosi (D-Calif.) about ObamaCare in 2010. In reality, having the public not know what’s in a bill until it’s too late is standard procedure. A prime example is reportedly in the recently passed $1.2 trillion, 2,700-page (as long as almost 10 average books) infrastructure bill: a requirement that “kill switches” be put in all new cars.
Facebook’s “pivot to video” destroyed businesses that went along. The metaverse could be a repeat act.
Bitcoin’s price rose on Sunday, after snapping a six-day losing streak and avoiding a drop below the key psychological level of $40,000 that some cryptocurrency analysts had warned might trigger a steeper sell-off.