Jack Dorsey’s Block Inc. is building an open Bitcoin mining system
After previously announcing in October that the company is looking to build a Bitcoin mining system, Block Inc. officially announced on Thursday, January 13, that the company is working on an open Bitcoin mining infrastructure. The new open Bitcoin mining system will be accessible to everybody, even tiny and new miners, allowing people to mine […]
Pacific island nation Tonga is on a path to making Bitcoin legal tender
According to Lord Fusitu’a, a former politician from Tonga, the Pacific island nation could be making moves to adopt Bitcoin by November, he also provided a step-by-step guide to adopting Bitcoin (BTC) as legal cash on Wednesday. Lord Fusitu’a, a former Tonga member of parliament , provided an ETA for Bitcoin becoming legal cash in […]
State Bank of Pakistan (SBP) reportedly considers banning cryptocurrencies
According to reports, the State Bank of Pakistan (SBP) and some Pakistani agencies consider cryptocurrencies like Bitcoin (BTC) illegal and should not be used for any form of transaction but rather banned. According to reports, the Sindh High Court held a hearing on the legal status of cryptocurrencies in Pakistan, during which multiple Pakistani agencies, […]
Mobile payments app Cash App integrates Bitcoin Lightning Network
Bitcoin’s layer-two protocol Lightning Network has been integrated into the popular Cash App as part of an update, this feature will allow for faster and cheaper Bitcoin (BTC) transactions. Block (previously Square), a fintech firm co-founded by former Twitter CEO Jack Dorsey, develops and owns Cash App. The news of the Bitcoin L2 integration was […]
Future Traders Lose $82 Million as BTC Recovers
Futures traders betting on a downside in the crypto markets lost over $82 million in the past 24 hours as Bitcoin (BTC) recovers. Future Traders Lose more than $82 million Futures traders betting on a drop in the cryptocurrency markets have lost more than $82 million in the last 24 hours as the broader market […]