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In a groundbreaking announcement, Jack Dorsey’s fintech company Block Inc. revealed the completion of its highly anticipated advanced Bitcoin mining chip. This development marks a significant milestone for the firm’s mining project and sets the stage for the future of Bitcoin mining technology. Block’s three nanometre (3mn) Bitcoin mining chip represents a leap forward in
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In a bold move, the Blockchain Association and the Crypto Freedom Alliance of Texas have decided to take legal action against the US Securities and Exchange Commission (SEC). Their argument revolves around the SEC sanctioning a rule that redefines the parameters for what constitutes a “dealer” of securities. According to these groups, the SEC’s actions
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In a recent statement to CryptoSlate, stablecoin issuer Tether declared its commitment to freezing any addresses associated with sanctioned entities. This decision comes after reports surfaced suggesting that certain state actors were using Tether’s USDT tokens to bypass US sanctions. A spokesperson for the firm emphasized, “Tether respects the Office of Foreign Assets Control (OFAC)
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In the wake of the recent Bitcoin halving event, Bitfinex has conducted a comprehensive analysis of the on-chain data to provide insights into the market dynamics of BTC. The Hong Kong-based crypto platform’s Alpha report, released on April 22, indicates that despite the current state of uncertainty in the United States economy, there are positive
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The recent surge in Ethereum (ETH) price has been attributed to significant buys made by crypto whales, particularly suspected to be Tron’s founder, Justin Sun. This accumulation spree by Sun has brought attention to the optimism among Ethereum whales despite the fluctuating prices in the market. On-chain analytics platform Lookonchain highlighted a mysterious wallet that
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