HIVE Digital Acquires 6500 ASIC Miners
HIVE Digital announced two major milestones, the building of a 100 megawatt mining plant in Paraguay and the purchase of 6,500 new Canaan Avalon A1566 ASIC miners. HIVE has bought 6,500 ASIC miners from Canaan Inc., which can produce 185 terahashes per second at a more energy-efficient pace than its previous equipment, according to a […]
Espresso Announces Launch of Core Product
The mainnet confirmation layer of Espresso, a blockchain project featuring cross-chain composability, is currently active. Five testnets, two years of research and development, and integration plans with over 20 chains precede the launch. The Espresso Systems team mentioned in the statement that this milestone represents a major step forward in their efforts to “make Ethereum […]
Nano Labs Starts Accepting Payments in Bitcoin
Nano Labs, a fabless integrated circuit design company based in Hangzhou, has started taking Bitcoin payments for its goods using a Coinbase business account. In a news statement on November 11, Nano Labs, a cryptocurrency-mining chip designer situated in Hangzhou, Zhejiang province, said that it has begun to accept Bitcoin as payment for its goods […]
Mesh, Reown Partner to Verify Bitcoin Wallets for Travel Rule
Mesh and Reown have partnered to verify wallet ownership, starting with the Bitcoin ecosystem. Reown (previously WalletConnect) and Mesh, a U.S. fintech company with investors including PayPal Ventures, have partnered to introduce wallet ownership verification for UTXO-based assets, starting with Bitcoin. The wallet ownership feature improves functionality and satisfies the “need to comply with the […]
UBS Pilots Blockchain-Based Payment System
UBS has successfully piloted its blockchain-based payment system to improve the effectiveness of international transactions. In an effort to increase the effectiveness of cross-border transactions, multinational financial firm UBS has finished a trial of its blockchain-based payment system, known as “UBS Digital Cash.” The Zurich-based bank said in a news release on Nov. 7 that […]