Nepal regulator orders ISPs to block crypto websites or face the law
Nepalese internet and email providers were put on notice by the country’s telco regulator to block crypto-related websites or face legal action. Go to Source Powered by WPeMatico
block
Auto Added by WPeMatico
Bitcoin Hashrate Reaches All-Time High, Boost Could Lead to Record-Setting Difficulty Increase
During the first week of the new year, Bitcoin’s hashrate reached an all-time high (ATH) on Jan. 6, 2023, at block height 770,709. The network recorded a milestone of around 361.20 exahash per second (EH/s) on Friday, jumping more than 4% higher than the previous record of 347.16 EH/s recorded on Nov. 12, 2022. Network’s … Read more
BlackRock’s newest ETF invests in 35 blockchain-related companies
“We believe digital assets and blockchain technologies are going to become increasingly relevant for our clients,” said BlackRock ETF product strategist Omar Moufti. Go to Source Powered by WPeMatico
Uzbekistan Moves to Block Foreign Cryptocurrency Exchanges
Authorities in Uzbekistan are restricting access to online crypto trading platforms based outside the country and not registered under its laws. A presidential decree obliges citizens and local companies to only use digital asset exchanges licensed by the government of the Central Asian nation. Uzbekistan Takes Steps to Prevent Crypto Trading and Custody on Foreign … Read more
Russian Media Censor Roskomnadzor Blocks Major Crypto News Website
Bits.media, a leading news outlet in Russia’s crypto space, has been blocked by Russia’s telecom and mass media watchdog, Roskomnadzor. The site is now inaccessible through most Russian internet providers, the online edition announced, stating it intends to contest the measure. Roskomnadzor Denies Russians Access to Bits.media Crypto news website Bits.media became unavailable to most … Read more
Blockstream and Block Inc to build solar Bitcoin mining facility powered by Tesla technology
The site will use a combination of solar panels and battery storage from excess daylight to power Bitcoin mining. Go to Source Powered by WPeMatico
Cash App Introduces Paid in Bitcoin, BTC Roundup and Lightning Network Services
At the Bitcoin 2022 conference in Miami, Block, Inc., formerly Square, Inc., announced three new bitcoin services for the company’s mobile payment platform. The mobile payment platform Cash App will feature a “paid in bitcoin” service that allows users to auto-invest their work pay into bitcoin. Cash App Adds 3 New Bitcoin Services Jack Dorsey’s … Read more
Bitcoin transaction fees hit decade lows, here’s why
The cost of moving Bitcoin across the network has hit decade lows as Lightning Network, batching, miner behavior and protocol improvements have driven costs down. Go to Source Powered by WPeMatico
Cash App’s Bitcoin Revenue Grew 119% in 2021, Gross Profit From BTC Rose 124%
Popular mobile payment platform Cash App, developed by Jack Dorsey’s Block Inc., generated $10 billion in bitcoin revenue and $218 million in bitcoin gross profit in 2021. Compared to the previous year, the bitcoin revenue increased 119% while gross profit rose 124%. Cash App’s Bitcoin Business Block Inc., formerly Square Inc., released its Q4 2021 … Read more
Block nets $1.18B Q4 gross profit marking a 47% YoY increase
In total, Block generated $4.42 billion worth of gross profit in 2021 marking a total YoY growth of 62%, however, net profit totaled just $77 million. Go to Source Powered by WPeMatico