Jack Dorsey, CEO of Twitter and payments firm Square, has revealed why he’s bullish on Bitcoin and called the cryptocurrency’s whitepaper “poetry” when discussing it during an interview.

Authorities in the U.S. have seized a COVID-19 domain name from its owner, who allegedly attempted to sell it for bitcoin to an undercover agent who claimed he was going to use it to sell fake COVID-19 testing kits.

Cryptocurrency mining hardware manufacturer Ebang has filed for a $100 million initial public offering (IPO) in the United States. This is its second attempt to go public.

Top stories in the Crypto Roundup today:

• Bitcoin’s Whitepaper is ‘Poetry’, Says Twitter CEO Jack Dorsey
• U.S. Authorities Seize COVID-19 Domain After Owner Tried Selling it for BTC
• Crypto Mining Hardware Maker Ebang Files for $100 Million U.S. IPO

At the time of writing, bitcoin (BTC) is trading at $7,696.01 (1.91%) with a daily Top Tier volume of $2.76 bn. As for ether (ETH), it is trading at $196.05 (1.21%) with a daily Top Tier volume of $1.13 bn. The MVIS CryptoCompare Digital Assets 10 Index is currently tracking at 2,798.30 (4.11%).

Bitcoin’s Whitepaper is ‘Poetry’, Says Twitter CEO Jack Dorsey

During an interview with MIT research scientist Lex Fridman, Twitter and Square CEO Jack Dorsey revealed why he is such a big believer in Bitcoin, and called the flagship cryptocurrency’s whitepaper “poetry.”

During the interview, Dorsey revealed his bullishness on Bitcoin comes from Square’s difficulties accessing new markets, as the company has to address regulatory environments, partner with local banks, and more. With Bitcoin, it could “potentially launch a product in every single market around the world.” He said:

“I believe that the currency reuse is a huge part of the answer, and I believe that the internet deserves and requires a native currency and that's why I am such a huge believer in Bitcoin.”

The most beautiful thing about Bitcoin, to Dorsey, there’s “no one person setting the direction, and there’s no one person on the other side who can stop it.” The CEO added that the timing of when its whitepaper was released is powerful and was a “total activist move,” as it’s “moving the world forward in a way that I think is extremely noble and honorable and enables everyone to be part of the story.”

As for Bitcoin’s future, Dorsey noted the “amazing thing is no one knows.” Per his words, a global internet currency is a “very powerful concept” that he doesn’t believe anyone on the planet truly understands the ramifications of.

U.S. Authorities Seize COVID-19 Domain After Owner Tried Selling it for BTC

The U.S. Departments of Justice (DOJ) and Homeland Security (DHSA) have seized the coronaprevention.org domain, alleging its owner attempted to sell it for bitcoin via a posting on a “hacker’s forum.”

The seizure was announced late Friday, and was made after the website’s unidentified owner tried to sell the domain to an undercover agent from the Department of Homeland Security’s Criminal Investigations unit, who said he was looking to use the website to sell fake COVID-19 testing kits.

The website’s owner, who is said to have listed the domain for sale on a forum “known to focus on content related to, and populated by users interested in, hacking hijacking online accounts,” reportedly claimed the plan was “genius.”

The agent reached out to the website’s owner, offering $500 in bitcoin for the domain, and ultimately sent a partial payment to an undisclosed bitcoin address for it. Such domains, per the warrant, usually go for $20.

Crypto Mining Hardware Maker Ebang Files for $100 Million U.S. IPO

Cryptocurrency mining hardware manufacturer Ebang International Holdings, one of the world’s leaders in the space, is looking to raise up to $100 million from an initial public offering (IPO) in the U.S., according to a filing filed with the Securities and Exchange Commission (SEC).

The Hangzhou, China-based firm would be listed on the New York Stock Exchange or on Nasdaq under the EBON ticker symbol. The deal’s underwriters are Loop Capital Markets in Chicago and AMTD Global Markets in Hong Kong.

This is Ebang’s second attempt to go public, as its first attempt was to go on the Hong Kong Stock Exchange (HKEX) in June 2018, with the would-be IPO’s target proceed being of up to $1 billion. Ebang, along with Bitmain and Canaan, was one of the first cryptocurrency mining hardware firms making application-specific integrated circuit (SIC) machines, which contributed to over 65% of the Bitcoin network’s hashrate.

Ebang generates over 82% of its revenue making and selling bitcoin mining machines, and raked in $109 million in revenue last year, representing a 66% drop when compared to 2018. Its net loss last year was $41.1 million.

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