Features TheBitTimes.com

Marcus said there’s still no universal protocol when it comes to transferring money, unlike information which can be shared via email. While information today can be easily transferred over the internet via email or text, global payment s on the other hand, have remained in a “fax era," according to the former president of PayPal.  In a Sept. 11 interview with CNBC, the former PayPal executive and co-founder of Bitcoin Lightning-focused payment service Lightspark said he believes Bitcoin's Lightning network could solve the cumbersome process of sending money across jurisdictions.  “If you were to stop [someone] and wanting to communicate with them you could ask them for an email address and you can email them easily the next minute [and] you could text them,” said Marcus.  However, there’s no universal protocol when it comes to transferring money over the internet, he said: “If you were to send them money [but] they were not a U.S citizen here using one of the same fintech ...

Recent data published by Hashrateindex indicates that the United Arab Emirates (UAE) is carving out market share from the global bitcoin mining sector. This development can be attributed to the their proactive adoption of web3 technologies and increasing access to renewable energy sources. UAE emerges as a serious player in bitcoin mining The UAE is known for its support of innovative technologies. With heavily subsidized electricity tariffs for specific sectors, the country has seen widespread home-based crypto mining and small-scale amateur mining setups.  The report highlights that UAE’s innovative approach to bitcoin mining, fueled by ambitious projects and abundant renewable energy, positions the country as a leader in the global industry.  With its expansion in electricity supply, partnerships with established players, and favorable access to capital, the UAE is paving the way for the future of bitcoin mining. Further collaboration with government entities provide...