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On Mar. 1, nearly two years after Jack Dorsey's technology conglomerate Block (known as Square at the time) announced plans to build a self-custodial Bitcoin wallet, the company revealed that more work still needs to be done regarding its plans and that Block is actively seeking partners "to make this
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Solana network faced a slowdown in block production on Fev. 25 following the upgrade in the validator software. The incident resulted in disruptions to transactions and led validators to downgrade the software in an attempt to restore network performance. The technical issue started around 6:00 AM (UTC), leading validators to downgrade
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Like many other companies, Block invested in Bitcoin when the digital asset price was skyrocketing. Multinational technology conglomerate Block (NYSE: SQ) said the Bitcoin gross profit from its Cash App declined by 25% to $35 million in Q4 2022. According to the report, the total Bitcoin sold, which the company refers to
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After a small decrease of 0.49% on Feb. 12, 2023, Bitcoin’s network difficulty is expected to experience a significant increase in three days on Feb. 24. Estimates indicate the difficulty could see the largest rise of the year, surpassing the 10.26% increase that occurred on Jan. 15 at block height
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Bitcoin’s average block size has hit all-time highs above 2.5 megabytes (MB) for the first time since its inception in 2009, driven by the launch of nonfungible tokens (NFTs) protocol Ordinals in January 2023.Block size data from Blockchain.com reflects a jump in Bitcoin block size from the beginning of February
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Bitcoin is known for its robustness, security and predictability. Every 10 minutes — on average — the blockchain produces a new block, and the successful miner earns a block reward of 6.25 Bitcoin (BTC), around $130,000. However, every once in a while, the Bitcoin blockchain surprises observers and participants.At block height
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A New York judge on Friday rejected an attempt by iFinex and related companies, which include include cryptocurrency exchange Bitfinex and stablecoin issuer Tether, to block CryptoX's request for information about the financial reserves backing the USDT token. Source
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The names of two guarantors who signed off on part of Sam Bankman-Fried’s $250 million bail bond will continue to remain a secret for now.A judge has also rejected an agreement that would have permitted Bankman-Fried to use certain messaging apps.Bankman Fried’s lawyers filed an appeal to block the release
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The last two mining difficulty changes on the Bitcoin network have driven difficulty to an all-time high, causing a decrease in hashrate and block interval speed. Before the latest difficulty retarget increase of 4.68%, block intervals were faster than the 10-minute average, at approximately 8 minutes 54 seconds to 9
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A new organization has been established in Turkey with the aim to monitor and help develop the country’s crypto sector, local media reported. Its first task will be to address recent problems with some cryptocurrency exchanges and boost confidence in the industry as a whole. New Entity to Deal With Issues
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