block – DIGIT INFO

Bitcoin miner Marathon mines invalid block in failed ‘experiment’

Marathon said the bug emanated from its experimental mining pool used to research ways to optimize operations.

Cash App Bitcoin revenue tops $2 billion in the first quarter

Block’s Q1 earnings report reveals a 25% year-on-year increase in Bitcoin revenue from the fintech firm’s flagship product Cash App.

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Chip Giant Intel Abandons Bitcoin ASIC Production

After announcing the production of bitcoin application-specific integrated circuits (ASICs), Intel, the world’s largest semiconductor chip manufacturer by revenue, appears to be abandoning its blockchain chip production. On Tuesday, a spokesperson for the chip manufacturer explained that Intel has “end-of-lifed the Intel Blockscale 1000 Series ASIC.” Intel Spokesperson Discloses Company Has End-of-Lifed the Blockscale 1000 […]

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Hindenburg Research reports Block short position, claiming fraud facilitation and inflated metrics

“Block has wildly overstated its genuine user counts and has understated its customer acquisition costs,” said the report.

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Jack Dorsey’s Block asks for input on proposed ‘mining development kit’

Block’s mining hardware product lead, Naoise Irwin, has asked for pointers on a proposed hardware and software development kit for Bitcoin mining.

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Xapo Bank Integrates Lightning Network Payments Through Lightspark Partnership

On March 2, Xapo Bank announced its partnership with Lightspark, a company led by David Marcus, former crypto boss at Facebook. The partnership aims to extend the utility of bitcoin and the Lightning Network. Xapo revealed on Thursday that it is the first fully licensed private bank to offer payments through the Lightning Network. Xapo […]

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Block remains on the hunt for wallet partners nearly two years later

The firm plans to partner with companies that are already experienced in local fiat payment processing.

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Crypto stocks surge: Coinbase up 69%, MicroStrategy up 74% since lows

Crypto-related stocks, ETFs and tokens have all surged in price so far in 2023 despite experts expecting the Federal Reserve to continue hiking interest rates.

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Bitcoin Network’s Mining Difficulty Rises to All-Time High, Making Block Discovery More Challenging

Bitcoin’s mining difficulty printed a record increase on Jan. 15, 2023, rising 10.26% to 37.73 trillion at block height 772,128. The network’s difficulty is now at an all-time high. This means, on average, it takes 37.73 trillion hashes, or attempts, to find a valid bitcoin block reward and add it to the blockchain. 2023’s First […]

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