Major privacy-centric email service ProtonMail is not giving up on Bitcoin (BTC) despite the extreme volatility leading to its price to plunge to nearly $30,000 on Wednesday. ProtonMail announced Friday on Twitter that the company has continued to hold a significant amount of Bitcoin in order to help the company stay independent: “Responsible financial diversification requires holding some assets outside of the traditional government controlled banking system. That’s why Proton will continue to #HODL a significant proportion of our reserves in #Bitcoin to safeguard our independence.” By announcing the news, ProtonMail echoes moves by companies like MicroStrategy whose CEO Michael …
Swiss-based email service, ProtonMail, has revealed on Nov. 16 that it hasn’t cashed in any of the Bitcoin (BTC) it has accepted as payment for its premium service in years. The tweet was in response to a customer who complained that he felt guilty for spending Bitcoin ion a ProtonMail invoice instead of holding or “hodling” it for the long-term. ‘No worries, we will HODL for you’ The exchange came about following a tweet from the CCO of digital gift card retailer BitRefill, urging Bitcoiners, “Please do not ‘put your Bitcoin to work.’” This prompted one follower to reply that …
Encrypted email service ProtonMail is “considering” launching an Initial Coin Offering (ICO), the company’s CTO Bart Butler confirmed to Cointelegraph in a statement today, July 23. Butler also wrote on Twitter today –– in response to commentators mostly negative speculation about the company running an ICO based on a job listing –– that the company is “exploring issuing a token as an alternative to traditional VC funding.” The service’s potential crypto token is evidently to be dubbed “ProtonCoin,” according to what appears to be the project’s official site, which was quietly launched on June 19. According to domain registrar service …