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Payments company Block, formerly known as Square, is delving deeper into the crypto mining industry with potential plans to build a “mining development kit.”A Mar. 7 blog post revealed that the Jack Dorsey-founded multinational technology firm was mulling its latest vision for advancing its Bitcoin (BTC) mining ambitions. Senior product
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Flashbots, an Ethereum research and development firm, has made open source a new block builder operating in a trusted environment, in this case a private mempool, on Ethereum’s Sepolia testnet, according to a press release shared exclusively with CryptoX. Source
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With the new outfit, Block Inc will now have a defined presence, not just as a promoter, but as a major stakeholder in the Lightning Network ecosystem. In its bid to drive the overall usability of the Lightning Network, American multinational payments firm, Block Inc (NYSE: SQ) has announced the establishment
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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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The new entity dubbed “c=” aims to improve liquidity and routing on Bitcoin’s Lightning Network. Source
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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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