Jack Dorsey’s fintech company Block Inc. announced on Tuesday that it has completed the development of its advanced Bitcoin mining chip, marking an important milestone for the firm’s mining project. Decentralizing Bitcoin Mining Per a statement shared by Dorsey over Twitter, Block’s three nanometre (3mn) Bitcoin mining chip is now in the process is completing…
To address these concerns, the industry has seen the development of meme coins that strive to offer tangible utility and real-world applications, aiming to provide a more sustainable alternative to some meme coins. In particular, Speedy’s focus on speed, efficiency, and practical use cases aligns with the industry’s need for meme-inspired cryptocurrencies that can deliver…
Samson Mow, the chief executive at Jan3, recently spoke to Forbes about the latest Bitcoin halving and its potential to catalyze what he refers to as the “Omega candles” – significant price movements that could elevate Bitcoin to the $1 million mark. According to Mow, halvings ensure a controlled distribution of Bitcoin, maintaining scarcity and…
The cryptocurrency market is gearing up for an exciting year as we approach 2024, with several key players poised to dramatically shape the digital finance landscape. At the forefront, BlockDAG (BDAG) is catching the attention of investors with its groundbreaking mining technology and successful $19.8 million presale. BlockDAG, along with Bitcoin (BTC), Ethereum (ETH), Solana…
IOTA is forging stronger connections with Trademark Africa to establish reliable digital infrastructure for global trade. Meanwhile, progress on the imminent release of IOTA 2.0 indicates significant strides in enhancing the network’s capabilities for real-world tokenized assets. In the latest development, IOTa has deepened ties with Trademark Africa in order to build trusted digital infrastructure…
The strategy capitalizes on the data derived from user interactions within the app, as disclosed by Revolut’s head of growth, Antoine Le Nel, in a Financial Times interview. As Revolut waits for its UK banking license approval—a process that has been pending for over three years—the company is looking to monetize its extensive user base…
In a significant development in the ongoing legal battle between the United States Securities and Exchange Commission (SEC) and Terraform Labs, a jury has found the blockchain protocol and its co-founder Do Kwon liable for civil fraud over the crash of the Terra ecosystem in 2022. In response, the SEC has filed a motion seeking…
● SUI’s price could surge to $8.96 before the year’s end. ● SEI’s price could reach $5.25 in 2024. ● Dogwifhat (WIF) could hit $10.35 in 2024. ● Milei Moneda ($MEDA) is primed for significant gains before its official launch. For investors seeking exposure to altcoins primed for growth, SUI, SEI, Dogwifhat (WIF), and Milei…
Venezuela’s state-owned oil and gas company PDVSA is reportedly planning to speed up its use of crypto, particularly USDT, the largest stablecoin by market capitalization, to circumvent US sanctions. The Venezuelan oil company gradually started integrating USDT for oil sales in 2023, and reportedly has a new policy in place mandating new customers to have…
Tesla Inc., spearheaded by visionary CEO Elon Musk, has confirmed that it maintained its substantial Bitcoin holdings through the first quarter of 2024, resisting any sales despite fluctuating market conditions. The company’s financial discipline in managing its cryptocurrency portfolio aligns with its broader strategy of innovation and long-term investment in emerging technologies. Staying the Course…