payment systems
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Gulp: Bitcoin Prices Haven’t Dropped This Low Since December 2020
The 2022 Summer of Terror continues to scorch the cryptocurrency industry. Just as some eagerly hoped the worst might be over, prices of Bitcoin Wednesday hit yet another grim milestone, dropping to an 18-month-low.
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Jay-Z and Jack Dorsey Launch Bitcoin Academy for New Generation of Crypto Bros
Rapper and entrepreneur Shawn Carter, better known as Jay-Z, is bringing Bitcoin to the place where he grew up. On Thursday, Jay-Z and former Twitter CEO Jack Dorsey announced the launch of Bitcoin Academy, which will offer free classes on cryptocurrency for residents of the Marcy Houses in Brooklyn, New York.
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Crypto Retirement Trust Sues Winklevoss’ Gemini, Blaming Bad Security for $50 Million Hack
Back in February, hackers managed to squirrel away approximately $US36 ($50) million in crypto assets from users’ retirement accounts. In the aftermath of that scam, it’s become less of a “who-dun-it” and more of a “who’s-gonna-take-the-blame?”
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PayPal Begins Layoffs, Plans to Shut Down San Fransisco Office
PayPal has reportedly started laying off employees this week from its offices in Chicago, Omaha, Nebraska and Chandler, Arizona, in an effort to reduce its spending. The financial technology company is also planning to shut down its San Fransisco office, but will not freeze its hiring, according to TechCrunch.