Block, Jack Dorsey’s digital payments company, has completed development of a three-nanometer Bitcoin mining chip. The company is now working with a top global semiconductor foundry to finalize the design of the chip. Block mentioned: “With our design showing competitive performance, we are proceeding with the full tapeout. Our mining
Stacks, the leading Bitcoin layer 2, saw its highly anticipated Nakamoto upgrade roll out begin today. Serving as a scaling solution for the Bitcoin network, Stacks empowers developers to create smart contracts and build applications atop the most valuable, decentralized, secure base layer, bringing new use cases to the Bitcoin
While Bitcoin has gained greater institutional acceptance with the recent ETF launches in the US, it is still not a pure institutional asset, and it is not a pure commodity like gold. It is so much more: secure, decentralized, and programmable value. Zulu Network believes that Bitcoin can be so
Following last week’s selling pressure, Bitcoin (BTC) mounted a robust comeback over the past weekend, rising as high as $66,000. Evidently, experts are keeping an eye on Bitcoin to see whether it will soon experience strong momentum in one way or the other. There is considerable upward pressure from here
Even after the latest halving event, Bitcoin skeptic Peter Schiff continues to criticize the cryptocurrency. Schiff draws attention to the problems with Bitcoin that, in his opinion, are the cryptocurrency’s most basic function. The enormous rise in the cost of making a Bitcoin transaction—now at a whopping $128—is his main
After the successful Bitcoin halving this past Friday, the blockchain reached a total of 840,000 blocks. The halving event also reduced the mining reward to 3.125 bitcoin per block. The advent of this event has cast a shadow on the efforts of bulls to push BTC’s price towards the $100,000
The recent trading volatility in the crypto industry is evident from the actions of prominent cryptocurrencies. The spike in cryptocurrency prices post the recently concluded Bitcoin Halving event, however, is evidence that investors praised the event. The market is now experiencing a period of Bitcoin halving euphoria, and investors are
The new Hong Kong Bitcoin Ethereum spot ETF from the renowned Hong Kong financial organization Victory Securities features a comprehensive fee structure guide that was issued not long ago. This follows the SFC’s green light for spot trading in Ethereum and Bitcoin ETFs in Hong Kong. Some fees related to
The Grayscale Bitcoin Mini Trust ETF is expected to have the lowest market fee at 0.15%. The move has received a lot of support from investors and will probably help Grayscale gain a strong grip on the market. Grayscale plans to launch its Grayscale Bitcoin Mini Trust with a 0.15%
A proposed new tax form, Form 1099-DA “Digital Asset Proceeds from Broker Transactions,” for reporting digital asset transaction profits has been made public by the United States Internal Revenue Service (IRS), the nation’s tax agency. The form is anticipated to be implemented in 2025 with reporting scheduled for 2026. Feedback
