Crypto Is Here To Stay Says Billionaire David Rubenstein - China Bitcoin Mining in Texas - Chainlink HBAR Integration

Published: May 21, 2021, 1:09 a.m.

"Crypto has come from nowhere to be a force in the market ... it's here to stay. Cryptocurrency is not going away. The idea that the government is going to stop cryptocurrency from being something investors want is unrealistic" says The Carlyle Group's David Rubenstein. Elon Musk tweets that Tesla has diamond hands, alluding to the company is not planning to sell its Bitcoin. The U.S. Department of the Treasury is calling for businesses that receive transfers of more than $10,000 in crypto to report them to the Internal Revenue Service. Publicly traded BIT Mining Limited has signed a binding investment term sheet with Dory Creek, a subsidiary of ASIC manufacturer Bitdeer, to build a Bitcoin mining farm in Texas. After months of adding blue-chip stocks including IBM and Boeing, Hedera Hashgraph is adding a crypto-native firm to the ranks of its governing council. Chainlink Labs will become the 21st member on the council, becoming another node runner governing Hedera\u2019s distributed ledger. Hedera Hashgraph is a blockchain-like public ledger. In the future, Hedera plans to have a total of 39 council members.

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