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On Friday, cryptocurrency storage company Blockstream and Block Inc. (formerly Square) announced the construction of a solar-powered Bitcoin (BTC) mining facility in Texas. As told by Blockstream, the mining site will be outfitted with 3.8 megawatts (MW) of electrical capacity using Tesla's Solar photovoltaic cell array and a 12 MWh
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Block (SQ), formerly known as Square, said Monday that a former employee improperly downloaded Cash App Investing reports containing U.S. customer data. The payments company is notifying some 8.2 million current and former customers about the breach, according to a regulatory filing. Source
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The crypto industry has reacted strongly against a EU Parliament committee voting in favor of a regulatory package for tighter know-your-customer (KYC) and anti-money laundering (AML) rules for ”unhosted” private wallets. The new guidelines would require crypto service providers — most commonly exchanges — to verify the identity of every
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Bitcoin mining difficulty has been on the rise as the network has gained more popularity. This is a far cry from what was expected after China, which was known as the mining capital of the world at that point, had laid a blanket ban on crypto mining. Bitcoin miners had
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The logic also, however, aligns with many calls within the crypto industry to prioritize making user experience better and more intuitive, not just for wallets but also for decentralized exchanges (DEXs) and everything else. The problem, as crypto and security experts including MetaMask’s Taylor Monahan have pointed out, is that
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CoinJoin, a popular Bitcoin (BTC) mixing tool, will block transactions associated or flagged as illegal. The announcement came from the official Wasabi Wallet Twitter account, of which Coinjoin is a part.The zkSNACKs coordinator will start refusing certain UTXOs from registering to coinjoins. pic.twitter.com/X3kBuQwieO— Wasabi Wallet (@wasabiwallet) March 13, 2022 The official
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Last year, the Ukrainian government launched concerted efforts to attract a local crypto industry that was part of a push to further digitize the economy. In September, the Parliament passed a law legalizing and regulating bitcoin. The country has low taxes, crypto-friendly regulations and a highly educated and young workforce. Original
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“MetaMask and Infura are unavailable in certain jurisdictions due to legal compliance,” the ConsenSys-controlled crypto wallet and infrastructure provider, respectively, said in a joint blog post time-stamped around 11:00 a.m. ET Thursday. Users from those areas would get an error message, the blog post said. Source
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Former presidential candidate Hillary Clinton has criticized the Biden administration and European governments for not pressuring cryptocurrency exchanges to end transactions with Russian users. She believes regulators “should look hard at how they can prevent the crypto markets from giving an escape hatch to Russia, both governmental and private transactions
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Of the $220 million of bitcoin put on the company balance sheet in late 2020 and early 2021, Block didn’t book an impairment loss in Q4, leaving the full year impairment charge at $71 million, and carrying value at $149 million. As of year's end, the fair value of the
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