Block Inc., the fintech company founded by Jack Dorsey, has recently announced the completion of its advanced Bitcoin mining chip. This development marks a significant milestone for the firm’s mining project, indicating a step forward in the evolution of Bitcoin mining technology. Block’s three nanometre (3mn) Bitcoin mining chip is currently undergoing the final stages
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Venezuela’s state-owned oil and gas company PDVSA is reportedly planning to expedite its utilization of cryptocurrency, particularly USDT. This move comes as a strategic response to circumvent the tightening US sanctions on the country. PDVSA has gradually been integrating USDT for oil sales since 2023 and now has a new policy requiring new customers to
Two influential organizations in the cryptocurrency space, the Blockchain Association and the Crypto Freedom Alliance of Texas, have recently filed a legal challenge against the US Securities and Exchange Commission (SEC). They argue that the SEC exceeded its authority by implementing a rule that redefines the criteria for identifying a “dealer” of securities. The groups
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In response to reports of state actors using Tether’s USDT tokens to bypass US sanctions, the stablecoin issuer has taken a firm stance on regulatory compliance. Tether has vowed to freeze any addresses linked to sanctioned entities, aligning with the Office of Foreign Assets Control (OFAC) SDN list. This proactive approach reflects Tether’s dedication to
Ethereum (ETH), the second-largest crypto token by market cap, has been experiencing a resurgence in market activity recently. This uptick in activity is largely attributed to suspected buys made by prominent figures in the crypto community, such as Tron’s founder, Justin Sun. Sun’s accumulation spree has sparked optimism among investors, signaling a potential market recovery
Meta is set to expand its Meta Quest ecosystem by opening up the operating system of its Meta Quest devices to third-party manufacturers, including industry leaders like Xbox and Lenovo. This strategic move could potentially shape the future of the metaverse and make mixed-reality technologies more accessible to a larger audience. Utilizing Meta Horizon OS,
Bitfinex, a Hong Kong-based cryptocurrency platform, has recently released an Alpha report that delves into the market dynamics of Bitcoin following the recent halving event. One key takeaway from the report is the surge in exchange withdrawals of Bitcoin, reaching levels not seen since January 2023. This uptick in withdrawals signifies a trend of investors
Dork Lord, a Solana-based meme coin, has seen a tremendous surge in its price, skyrocketing by an impressive +83,810%. The token gained popularity on Crypto X (formerly Twitter) with the support of SOL meme coin influencers and alert bots. Despite its initial success, Dork Lord’s current market price is $0.000914, with a 24-hour change of
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