Block is looking to channel funds toward Bitcoin mining initiatives and Bitkey wallet growth.
Block, Inc. has outlined a strategic pivot to expand its presence in bitcoin mining, signaling a commitment to the cryptocurrency sector and its infrastructure needs, according to its recent third-quarter shareholder letter. Block’s New Investment Fo
JPMorgan analysts have maintained an Overweight rating on Block, driven by strong growth in its Square and Cash App segments.
Block missed its revenue estimates for Q3 and said it is “winding down” its DeFi business to shift money into its Bitcoin mining and wallet businesses.
The payments and blockchain infrastructure company says it will reallocate resources to focus on mining equipment development.
Block Inc., formerly known as Square, led by Jack Dorsey is redirecting its strategy to Bitcoin mining and self-custody wallets as it reduces its funding on the decentralized web projects and the music streaming app, Tidal. This strategic shift was m
France’s National Gaming Authority (ANJ) is reportedly planning to block access to Polymarket, a blockchain-based […]1
Craig Wright's lawsuit against Block raises credibility questions. The court found definitive evidence of Wright's forgery. Continue Reading:Craig Wright Files a $1.18 Billion Lawsuit Against Block The post Craig Wright Files a $1.18 Billion Lawsuit
Battling the odds and challenging the wheel of fortune, a solo Bitcoin miner has hit the jackpot, earning $222,455 with a single BTC Block. It is an unexpected event, as the Bitcoin mining industry is quite competitive, where the large firms with hea
Dubai, United Arab Emirates, 25th October 2024, Chainwire
Dubai, United Arab Emirates, 22nd October 2024, Chainwire
Trump’s munch-awaited token launch recorded disappointing sales numbers, while investors are becoming concerned about Ethereum block builder centralization.
WhiteBit, one of Europe’s largest crypto exchanges, is in the news spotlight for all the right reasons. WhitePool by WhiteBIT made a big splash on October 8, 2024. In just one day, they mined six blocks, pocketing a cool $1,206,637, or 19.36 BTC. Not
EIP-7781 would lower the network’s slot time, increase blobs per block, and help scale the main chain.
The EIP-7781 proposal aims to significantly improve Ethereum's network efficiency. Shorter block times could enhance decentralized exchanges and smart contract performance. Continue Reading:New Ethereum Proposal Aims to Reduce Block Time and Increase
Bitcoin miners got a bit of a breather on Wednesday as the network’s difficulty dropped by 4.6% at block height 862,848. For the next two weeks, the process of finding a block subsidy is 4.6% easier than it was during the previous 2,016 blocks, which
The seed round was structured as equity priced with token warrants, Daylight co-founder Kyle McCollom told The Block.
This past week, a batch of five block rewards from 2009 were moved for the first time in almost two years. Interestingly, since 2015, only 48 block rewards from Bitcoin’s creation year have been spent. With the reawakening of these so-called ‘sleepin
On Friday, Sept. 20, 2024, blockchain detectives were left stunned when five dormant bitcoin wallets from 2009 suddenly became active. In a fascinating twist, exactly nine years earlier on Sept. 20, 2015, a single block reward from 2009 was spent, wi
A single Bitcoin miner received the total reward of a Bitcoin block, a rarity due to the hash and power requirements needed to mine the blockchain.