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Jack Dorsey’s company Block(NYSE:SQ), formerly known as Square, has broadened its Bitcoin mining ambitions by transitioning from chip design to developing a comprehensive mining system. In a recent blog post, Block revealed its achievement in creating a standalone three-nanometer Bitcoin mining chip and announced collaboration with a prominent global semiconductor foundry
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The Central Bank of Nigeria (CBN) has disavowed a letter that allegedly instructed financial institutions to sever ties with four global cryptocurrency exchanges. The central bank stated that the letter did not originate from its office and recommended that individuals interested in “authentic updates” refer to its official website. Fake
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Strike, a Bitcoin-only app, has expanded support to European customers following massive regional demand and rising cryptocurrency prices. On April 24, Strike CEO Jack Mallers shared plans to power Bitcoin (BTC) adoption in Europe by allowing users to buy, sell, and send the leading crypto token across the continent. An official announcement
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RUNING THE PARTY? Bitcoin's once-every-four-years "halving" was supposed to bring a steep cut in revenue for crypto miners, since their rewards for new data blocks would drop by 50%. Instead, the simultaneous launch of Casey Rodarmor's new Runes protocol – for minting digital tokens on top of the oldest and
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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 Tested as Mining Difficulty Jumps 2% Post-Halving As
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Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group,
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On-chain data shows the new whale entrants in the Bitcoin market now hold almost twice as much as the veterans. Here’s what
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Since the beginning of 2024, large Bitcoin holders have accumulated an additional 266,000 BTC. According to Santiment analysts, this BTC value amounts to $17.5 billion. The company notes that whales with balances ranging from 1,000 BTC to 10,000 BTC received 1.24% of the total asset supply of 21 million during the
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Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group,
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Worldcoin (WLD) could be the victim of a significant downtrend in the coming weeks. The team plans to sell as many as
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