Bitcoin

Bitcoin will be a 'big part' of Twitter's future, says CEO Jack Dorsey

Bitcoin will be a ‘big part’ of Twitter’s future, says CEO Jack Dorsey

Twitter CEO Jack Dorsey has said that bitcoin will be a “big part” of the company’s future. This is the first time Dorsey has publicly spoken in such depth about how the world’s largest cryptocurrency could be integrated into Twitter’s products. On Twitter’s second-quarter 2021 earnings conference call on Thursday, Dorsey said bitcoin is the …

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Bitcoin mining could be great for Texas’s grid — according to Bitcoin miners

Bitcoin mining could be great for Texas’s grid — according to Bitcoin miners

Quick Take As Bitcoin’s China-based hash rate plummets due to shutdown orders from regulators, Texas is emerging as an attractive option for Bitcoin miners. Miners argue that mining is just as good for Texas as Texas is for miners since the unique aspects of the industry’s electricity use can strengthen the state’s power grid. It’s …

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Jack Dorsey announces plan for developer platform focused on bitcoin financial services

Jack Dorsey announces plan for developer platform focused on bitcoin financial services

Jack Dorsey, CEO of Square, said Thursday that the payments services business is working to create “an open developer platform” focused on bitcoin-tied financial services. Square is creating a new business (joining Seller, Cash App, & Tidal) focused on building an open developer platform with the sole goal of making it easy to create non-custodial, …

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Nuclear-powered bitcoin mining is coming to Ohio in December

Nuclear-powered bitcoin mining is coming to Ohio in December

The nuclear and fossil-fuel based power generator Energy Harbor Corp announced Monday that it has partnered with bitcoin mining hosting provider Standard Power, according to a press release.  The bitcoin mining endeavor will commence in December of 2021. Standard Power will convert an abandoned paper mill in Coshocton, Ohio into a mining facility that uses …

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A timeline of China’s bitcoin mining crackdown and how it goes beyond environmental concerns

A timeline of China’s bitcoin mining crackdown and how it goes beyond environmental concerns

Quick Take China’s crackdown on bitcoin mining has led the network’s hash rate to drop by more than 50%. But what caused the negative approach? Was it just environmental concerns? This timeline maps out how the crackdown developed, while exploring the reasons behind it. This feature story is available to subscribers of The Block Daily. …

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Bitcoin network undergoes largest difficulty drop ever by nearly 28%

Bitcoin network undergoes largest difficulty drop ever by nearly 28%

Quick Take The Bitcoin network’s mining difficulty has decreased, taking into the account the recent drop in hash rate. This latest difficulty adjustment was the largest in its history. The mining difficulty of the Bitcoin network has dropped by 27.9%, as the network adjusts to the massive drop in hash rate. This is the biggest …

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SoftBank invests $200 million in Brazilian crypto exchange Mercado Bitcoin

SoftBank invests $200 million in Brazilian crypto exchange Mercado Bitcoin

The SoftBank Latin America Fund has invested $200 million in the parent company of Mercado Bitcoin, one of the largest cryptocurrency exchanges in the region. The fundraise values Mercado Bitcoin’s parent company 2TM Group at $2.1 billion, placing it among Latin America’s unicorns – privately held startups with valuations north of $1 billion. The Series …

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Bitcoin: Why it's considered a good time to make this move

Bitcoin: Why it’s considered a good time to make this move

Crypto markets, specifically Bitcoin, have been shrouded in a cloud of worry and panic for about 3 months now. Every guess and prediction continues to fail, every rally is followed by another crash, BTC is struggling to climb back to $40k. Once the torchbearer of optimism, Bitcoin is now the primary reason for everyone’s concern, …

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