Block, previously called Square and now a payments company, intends to create a Bitcoin (BTC) mining setup in order to address the hurdles encountered by mining professionals. On his blog, published on April 23rd, Jack Dorsey from Block (formerly Square) shared that they had successfully developed a three-nanometer chip for Bitcoin mining. This development marked … Read more
In the face of soaring prices, there has been a significant increase in phony crypto farm accounts, also referred to as “Sybil attacks.” These fraudulent accounts generate false network activity to amass as many tokens as they can during token giveaways or airdrops, which have grown increasingly profitable over time. (Paraphrased version) More recently, we’ve … Read more
From April 13 to April 14, Ether (ETH) saw a substantial decline of approximately 15%, dropping below the $3,300 mark. Whenever the price approached $3,000, buyers stepped in, bolstering the support. Yet, some traders are worried that ETH may struggle to regain its footing at $3,500 without a more compelling reason. According to analyst DeFiSurfer808, … Read more
Two American financial advisors have made a large investment of $40 million, setting a new record as the biggest single contribution to Fidelity’s Bitcoin ETF offered by Fidelity. Based on information from Bloomberg analyst Eric Balchunas, financial advisory firms Legacy Wealth Management and United Capital Management of Kansas have recently purchased $20 million worth of … Read more
Bitcoin (BTC) recently underwent its fourth reduction in new supply creation, leading to anticipation among market players regarding its potential effects. The worth of Bitcoin, though, derives from its exclusive “moneymanship traits.” One discovery made by Joe Burnett, a researcher at Unchained – a Bitcoin financial services firm specializing in collaborative custody solutions for BTC … Read more
The SEC has delayed making a decision on Franklin Templeton’s request to launch a Ether ETF on the US markets. The SEC announced on April 23 that it would take longer to make a decision on Cboe BZX Exchange’s proposal to list and trade Franklin Ethereum Trust shares. The commission now has until June 11 … Read more