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Bitcoin reaches one billion transactions
6.5.2024
An average of 178,475 daily transactions have been made on Bitcoin in its 5,603 day existence
Epic Satoshi Spurs Launch of New Runes Tokens With $88M Market Cap
5.5.2024
According to onchain data, the ‘epic satoshi’ sold for 33.3 BTC has been inscribed, now linked to a freshly minted Runes protocol coin named “EPIC•EPIC•EPIC•EPIC.” The newly introduced EPIC runes tokens have already commenced trading, achieving...
Block Is Buying Bitcoin Every Month for Its Balance Sheet
4.5.2024
Block Inc. has announced its strategy of regularly purchasing bitcoin for its corporate balance sheet via dollar-cost averaging (DCA). The company plans to allocate 10% of its monthly gross profit from bitcoin products towards investments in the cryptocurrency. “We view bitcoin as...
Jack Dorsey-Backed Initiative Donates $21M to Bitcoin Nonprofit Opensats to Bolster Development
4.5.2024
According to the 501(c)(3) public charity Opensats, a nonprofit focused on supporting Bitcoin-related initiatives and efforts that contribute to Bitcoin’s success, Jack Dorsey’s philanthropic endeavor #startsmall has contributed $21 million to the organization. Bitcoin Development...
Marathon Sets New Record by Mining Bitcoin’s Largest Block, Showcasing the Logos’ Manifesto
3.5.2024
On May 3, the Bitcoin network validated its largest block to date at block height 841,886, which included an inscription showcasing the technology stack dubbed Logos’ manifesto. This block, similar to the one that previously held the record as the largest, was mined by Marathon....
Block to Reinvest 10% of Profits into Bitcoin Each Month
3.5.2024
Jack Dorsey-led Block announced plans to allocate 10% of profits from its Bitcoin products toward buying more of the cryptocurrency each month, its quarterly report published Thursday showed.
The post Block to Reinvest 10% of Profits into Bitcoin Each Month appeared first on Cryptonews
Jack Dorsey’s Block to use 10% of Bitcoin profit to buy BTC every month
3.5.2024
Block, Inc. co-founder Jack Dorsey told shareholders its Bitcoin-buying plan during an earnings call, saying its an “investment in a future where economic empowerment is the norm.”
Block, Inc. Q1 results top estimates, shares jump after-hours
2.5.2024
Block’s first-quarter 2024 results beat Wall Street analyst estimates on earnings and revenue which saw its share price surge after the bell
Jack Dorsey's Block Adding More Bitcoin to Balance Sheet, Presents Road Map for Others
2.5.2024
The payments firm announced the news alongside its first quarter earnings report on Thursday afternoon
Jack Dorsey’s Block’s Crypto Unit Under Investigation Over Compliance Practices: Report
2.5.2024
The allegations against Block include inadequate customer information collection, processing transactions involving countries under U.S. sanctions, and facilitating cryptocurrency transactions for terrorist groups.
The post Jack Dorsey’s Block’s Crypto Unit Under Investigation Over...
US probes Jack Dorsey’s Block, Inc. over financial transactions: Report
2.5.2024
U.S. prosecutors are reportedly investigating the fintech firm after a whistleblower claimed it processed thousands of transactions for users from sanctioned countries and terrorist groups
Solo Bitcoin miner wins the 3.125 BTC lottery, solving valid block
29.4.2024
The solo miner netted around $200,000 in rewards for validating block 841,286
‘Epic Satoshi’ From Bitcoin’s 4th Halving Fetches Over $2.13 Million at Coinex Auction
25.4.2024
The renowned ‘epic satoshi’ from the fourth halving block, also known as Sat # 1,968,750,000,000,000, fetched a price of 33.3 bitcoins, valued at just over $2.13 million on Thursday afternoon Eastern Standard Time. This satoshi, the smallest denomination of BTC, was sold for...
Runes make up 68% of all Bitcoin transactions since launch
25.4.2024
Runes continues to make up the vast majority of Bitcoin transactions, however the fees earned by Bitcoin miners from Runes has slightly tailed off since the record-setting halving day
Block Unveils Bitcoin Conversion Feature for Square Merchants
25.4.2024
On Wednesday, Block, the financial services firm, disclosed that merchants using Square can convert their daily sales into bitcoin through the Cash App. Block’s founder, Jack Dorsey, revealed this update on X, and as of today, merchants have the option to transfer between 1-10% of their...
Bitcoin’s First Post-Halving Adjustment Raises Mining Difficulty to Record High
24.4.2024
Bitcoin recently completed its first difficulty adjustment following the fourth halving, recording a 1.99% increase and pushing the mining difficulty to a record high. The network’s difficulty level rose from 86.39 trillion to a new level of 88.10 trillion. Bitcoin Miners’ Strength...
Jack Dorsey’s Block Is Building a Bitcoin Mining System
24.4.2024
The firm also completed the development of its three-nanometer mining chip, which it had been working on since April 2023
Some Square Users Can Now Convert Their Dollars to Bitcoin Via Cash App
24.4.2024
Bitcoin Conversions will charge a flat 1% fee to automatically convert a portion of merchant revenues into BTC
Jack Dorsey’s Block Expands Bitcoin Mining Ambitions, Develops 3nm Mining Chip
24.4.2024
Jack Dorsey's payments company Block has shifted its focus from designing chips to developing a full Bitcoin mining system.
The post Jack Dorsey’s Block Expands Bitcoin Mining Ambitions, Develops 3nm Mining Chip appeared first on Cryptonews
Jack Dorsey’s Block Targets Chip Advancement With 3nm Bitcoin ASIC Mining Rig
23.4.2024
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 lead for mining hardware products, Naoise Irwin. The post revealed enhancements in the chip design, upgrading from...