Asset management giant BlackRock is reportedly promoting Bitcoin (BTC) as a part of a balanced portfolio. According to a new report by Bloomberg, BlackRock – which has over $10 trillion in assets under its management – released a new research paper saying that a 2% allocation of the top crypto asset by market cap in […]
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Amazon faces shareholder pressure to assess bitcoin as a treasury asset, citing inflation risks, bitcoin’s soaring returns, and corporate trends toward cryptocurrency adoption. Shareholders Push Amazon to Embrace Bitcoin—A Bold Treasury Move? Amazon shareholders are pressing the company’s Board to explore the potential benefits of adding bitcoin to its financial strategy. The proposal, submitted by […]
The National Center for Public Policy noted that MicroStrategy's stock outperformed Amazon's stock by 537% due to its Bitcoin strategy.
The National Center for Public Policy Research — a Washington DC-based think tank championing free markets — has submitted a shareholder proposal to Amazon Corp arguing for a Bitcoin (BTC) corporate treasury strategy to be considered at the April 2025 shareholder meeting.
According to the letter from the think tank, the Consumer Price Index (CPI) used to measure inflation, which currently puts inflation at 4.95%, is a "Remarkably poor measure" of true currency debasement. The authors suggested the true inflation rate may be double the reported CPI figure.
This greatly erodes Amazon's $88 billion in cash and short-term cash equivalents, the letter stated, and to protect shareholder value, BTC should be used to hedge against this risk. The National Center for Public Policy Research wrote:
Billionaire Ken Fisher is dramatically increasing his firm’s position in US banking giant JPMorgan Chase. New SEC filings show Fisher, who founded the $244 billion Fisher Asset Management, has increased the firm’s JPMorgan Chase (JPM) holdings by about $800 million in Q3, adding 4.04 million shares. That’s a 31% rise in the firm’s exposure to […]
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Microstrategy’s stock, MSTR, has soared 1,620% since the company adopted a bitcoin-centered strategy, far outpacing bitcoin itself, the S&P 500, and tech giants such as Nvidia. The company’s bitcoin holdings now exceed 252,000 BTC. Microstrategy’s executive chairman, Michael Saylor, remains bullish about bitcoin’s price as his company plans to further boost its BTC investments. Microstrategy’s […]
Mastercard and Amazon Payment Services have partnered to digitize payment acceptance in the Middle East and Africa. Under the partnership, Amazon will adopt Mastercard’s single touchpoint for payment processing across 40 markets, enabling faster, more secure transactions for merchants. Expanding Payment Acceptance Mastercard, a U.S. multinational payment card services firm, has partnered with Amazon Payment […]
History is littered with failed predictions about the future of technology. Have we learned anything along the way?
HODLing — an acronym that means "hold on for dear life" — is built on the long-term optimism that has been the driving force behind technological advancements that have forced us into modernity. It's time to take that embrace of crypto culture a step further. We should make HODLing the default American position on all technology.
Americans tend to be optimistic on general terms, but that quickly gives way to pessimism in the specific. Just a decade ago, 78% said they would not eat lab-grown meat. Today? The number has nearly flipped, with 60% now indicating a willingness to try it.
Another example of Americans being generally optimistic about technology, but pessimistic about long-term effects is the widespread belief that self-driving vehicles will become commercially available within their lifetime. One 2021 survey by the Pew Research Center found that 63% of Americans believe that fully self-driving cars will be common within the next 50 years, but they are hesitant about actually riding in one.
The law appears more corporate-friendly, but the implications for consumers are a bit murkier.
California lawmakers have amended a controversial bill that would hold artificial intelligence firms accountable for harms caused by their products in response to industry criticism. However, it’s unclear if the state’s concessions will be enough to convince naysayers in the tech industry.
The bill, called the Safe and Secure Innovation for Frontier Artificial Intelligence Models Act (SB-1074), essentially seeks to protect whistleblowers and empower the state of California to intervene if it has reason to believe an AI-related catastrophe is going to occur.
As Cointelegraph recently reported, the tech industry is in a bit of an uproar over the bill’s stipulations, with many tech luminaries saying it would stifle innovation and growth.
Microsoft and OpenAI face similar scrutiny as Europe and the UK seek to identify the line between investment and acquisition.
Amazon and artificial intelligence research firm Anthropic are being investigated as a de facto merger in the United Kingdom.
The UK’s Competition and Markets Authority (CMA) issued a formal notice on Aug. 8 announcing the inquiry’s commencement. According to documentation published on the UK government website, this marks the beginning of a “phase 1” investigation.
As Cointelegraph previously reported, UK authorities announced they were conducting preliminary investigations into partnerships between Amazon and Anthropic, Microsoft and Mistral AI, and Microsoft and OpenAI to determine whether any of the relationships had run afoul of EU regulations.
German quantum breakthrough highlights need for particle physicists in crypto
Breakthrough quantum computing research out of Germany could lead to a revolution in particle physics with implications for finance, economics, and cryptocurrency. It might be time for firms in the crypto industry to add chief science officers and particle physicists to their portfolios.
Much like the tech industry before it, crypto has bootstrapped itself on the virtue of its own feats of engineering and innovation. The engineering and innovation it took to invent blockchain and cryptocurrency are, arguably, analogous to the advent of personal computing and the internet.
Over the past 20 years, however, the tech industry has shifted towards hard science. Perhaps it’s time for crypto to follow suit.
