Bitcoin News Thebittimes.Com

It’s no secret that JPMorgan (NYSE: JPM) CEO Jamie Dimon is not a fan of cryptocurrencies, specifically Bitcoin (BTC), having repeatedly questioned the asset’s true value in the financial landscape. In line with his longstanding criticisms of Bitcoin, during an interview on January 17, Dimon remarked that it would be the last time he spoke about the digital currency. The executive stated that Bitcoin has no value, likening it to a “pet rock.” However, Dimon has seemingly broken his vow of silence regarding his stance on Bitcoin. Notably, in an interview with Bloomberg published on April 18, he reiterated his position on Bitcoin, terming it a “ decentralized Ponzi scheme.” Picks for you US economist slams Bitcoin’s status as a safe haven amid geopolitical chaos 30 mins ago Crypto traders lost $300 million hours after explosions in Iran 35 mins ago AI predicts SHIB price for May 1, 2024 57 mins ago R. Kiyosaki says Bitco...

PolkaWorld has announced its decision to cease operations after Polkadot’s treasury rejected its funding proposal.  PolkaWorld, a community in the Polkadot eco system , raised concerns over treasury management under Polkadot’s new open governance platform, OpenGov, claiming that it negatively affects long-term eco system contributors. PolkaWorld cited numerous instances where the treasury denied organizations and subsequently left the Polkadot ecosystem. The previous governance system — where a council elected by Polkadot DOT holders evaluated proposals — was more effective and should be incorporated into the current OpenGov model, it argued. 🫥 It's super sad to say that PolkaWorld's proposal was rejected, and we've been halted operations for half a month now. This is the first time we've had to pause in the four years and three months since we started in 2019. All of these changes happened after @Polkadot initiated… https://t.co/KxqhCRKTXC — P...

Bitcoin was not an option for "control" of the market by Bankman-Fried, Wood says, as Michael Saylor says he "undermined" the BTC network. Bitcoin (BTC) is too “ decentralized and transparent” for former FTX CEO Sam Bankman-Fried, says Cathie Wood. In a tweet on Dec. 10, Wood, who is CEO of investment giant ARK Invest, delivered a fresh damning appraisal of the FTX saga. Wood: SBF "couldn't control" Bitcoin As the legal ramifications of FTX and Bankman-Fried, also known as SBF, continue, Bitcoin loyalists are giving him little sympathy. ARK’s Wood is now firmly among them, not mincing her words as BTC price action continues to trade around 20% down over the month. “The Bitcoin blockchain didn’t skip a beat during the crisis caused by opaque centralized players,” she wrote. “No wonder Sam Bankman Fried didn’t like Bitcoin: it’s transparent and decentralized. He couldn’t control it.” Wood linked to ARK Invest’s latest Bitcoin market summary, “The Bitco...