Jack Dorsey’s Block Targets Chip Advancement With 3nm Bitcoin ASIC Mining Rig
On Tuesday, Jack Dorsey, the founder of Block, took to X to announce that the company is “building a mining rig.” Dorsey also shared a blog post authored by Block’s…
Auto Added by WPeMatico
Bitcoin miner Marathon mines invalid block in failed ‘experiment’
Marathon said the bug emanated from its experimental mining pool used to research ways to optimize operations.
Cash App Bitcoin revenue tops $2 billion in the first quarter
Block’s Q1 earnings report reveals a 25% year-on-year increase in Bitcoin revenue from the fintech firm’s flagship product Cash App.
Hindenburg Research reports Block short position, claiming fraud facilitation and inflated metrics
"Block has wildly overstated its genuine user counts and has understated its customer acquisition costs," said the report.
Block remains on the hunt for wallet partners nearly two years later
The firm plans to partner with companies that are already experienced in local fiat payment processing.
Bitcoin Hashrate Reaches All-Time High, Boost Could Lead to Record-Setting Difficulty Increase
During the first week of the new year, Bitcoin’s hashrate reached an all-time high (ATH) on Jan. 6, 2023, at block height 770,709. The network recorded a milestone of around…
BlackRock’s newest ETF invests in 35 blockchain-related companies
“We believe digital assets and blockchain technologies are going to become increasingly relevant for our clients,” said BlackRock ETF product strategist Omar Moufti.
Uzbekistan Moves to Block Foreign Cryptocurrency Exchanges
Authorities in Uzbekistan are restricting access to online crypto trading platforms based outside the country and not registered under its laws. A presidential decree obliges citizens and local companies to…
Russian Media Censor Roskomnadzor Blocks Major Crypto News Website
Bits.media, a leading news outlet in Russia’s crypto space, has been blocked by Russia’s telecom and mass media watchdog, Roskomnadzor. The site is now inaccessible through most Russian internet providers,…
Cash App Lets Users Invest Spare Change in Bitcoin
Block Inc.’s Cash App has added a new feature that will allow users to invest their spare change in Bitcoin and stocks. Cash App Adds Round-Ups By using Cash App’s...