Jack Dorsey’s payments company Block has shifted its focus from designing chips to developing a full Bitcoin mining system. In a recent blog post, Block unveiled its accomplishment of designing a standalone three-nanometer (3nm) Bitcoin mining chip and disclosed that it is currently collaborating with a leading global semiconductor foundry to finalize the chip’s design. However,...
Canadian Pacific Kansas City Ltd. (CP, CP.TO) reported Wednesday that first-quarter net income attributable to controlling shareholders declined to 3 percent to C$775 million or C$0.83 per share from C$800 million or C$0.86 per share in the prior-year quarter. Excluding items, core adjusted combined earnings for the quarter was C$0.93 per share, compared to C$0.90...
Australia achieved a new milestone by becoming the third-largest host for Bitcoin ATMs, joining the United States and Canada as countries with over 1,000 active crypto-fiat machines, according to April 24 data from Coin ATM Radar. Australia now boasts an active network of 1,008 Bitcoin ATMs, representing 2.7% of the global crypto ATM distribution. The...
American authorities have charged crypto mixer Samourai Wallet founders for allegedly operating an unlicensed money-transmitting business. In an announcement, U.S. authorities said Samourai Wallet founders Keonne Rodriguez and William Lonergan Hill have been found guilty of allegedly executing over $2 billion in unlawful transactions and laundering over $100 million in criminal proceeds. The co-founders unlawfully...
With orders for transportation equipment showing a substantial increase, the Commerce Department released a report on Wednesday showing new orders for U.S. manufactured durable goods surged by more than expected in the month of March. The report said durable goods orders soared by 2.6 percent in March after climbing by a downwardly revised 0.7 percent...
Crypto custodian Fireblocks announced on Wednesday that it has launched its dApp Protection and Transaction Simulation products, which will help protect institutions from run-ins with decentralized finance (DeFi) scammers. Fireblocks’ DeFi Protection Tools Both products have undergone beta testing with Galaxy and FlowDesk since December of last year. They are now available to safety check...
Since the fourth Bitcoin halving took place resulting in Bitcoin issuance dropping from 900 to 450 per day miners have seen daily revenue hit a record high of over $100 million, said CryptoQuant the on-chain data analytics firm based in South Korea. In its weekly research note, CryptoQuant said the spike in revenues was the...
European stocks failed to hold early gains and ended weak on Wednesday with the mood turning cautious past mid afternoon as investors awaited some crucial U.S. economic data for more clarity about the outlook for interest rates. Stocks gained in strength early on in the session, reacting to a slew of strong earnings updates. Survey...
The South Korean city of Busan’s plans to launch a city-run, blockchain-powered digital assets exchange may be in peril, a report claimed on April 24. Per Naeil Shinmun, the project is “showing signs of trouble” after effectively delaying its official launch. Busan Digital Exchange Hit With Launch Delay Busan’s digital asset exchange plans have been...
Today, Bitcoin (BTC/USD) shows modest growth, trading at $64,165. This Bitcoin price prediction explores this slight uptick in detail, highlighting the cryptocurrency’s resilience in a fluctuating market. Key resistance lies at $67,687 while support hovers around $63,654, indicating potential fluctuations in Bitcoin’s near-term market trajectory. Bitcoin ETFs See Turnaround with $59.7M Inflows: Market Sentiment Shifts...