SAN FRANCISCO - Jack Dorsey on Thursday announced that his digital payments firm Block is building a system to make it easier for people to mine bitcoin.
In Nov, Twitter co-founder Dorsey announced his departure from the social media platform, allowing him to concentrate on his digital payments firm as it expands into cryptocurrency. Hardware and software teams at Block will openly collaborate with the cryptocurrency community outside of the San Francisco-based company, aiming to create a mining system that could be used by anyone, according to Dorsey's tweets.
The price of bitcoin hit record highs in 2021 thanks to support from traditional finance. But it slid below US$40,000 on Monday, falling to its lowest level since the end of September as the world's leading cryptocurrency showed no end to its volatility.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Jack Dorsey's Block to build an open bitcoin mining systemBlock Inc Chief Executive Officer Jack Dorsey said in a tweet on Thursday that the fintech firm is building an open bitcoin mining system, as the newly re-branded company looks to expand beyond its payment business and into new technologies like blockchain.In October, Dorsey said that Block, formerly Squa
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Random and unexplainable video of youths fooling around at HDB block goes viralA video of youths fooling around and performing random stunts at a Housing Board (HDB) block has sparked interest among netizens. Read more at stomp.straitstimes.com
Source: stompsingapore - 🏆 11. / 53 Read more »
Could cannabis help fight Covid? New study reveals two chemicals that may block infectionA non-psychoactive compound found in live cannabis plants could help sabotage the spike protein on coronaviruses, scientists have found
Source: YahooSG - 🏆 3. / 71 Read more »
Jack Dorsey's Block to build an open bitcoin mining systemBlock Inc Chief Executive Officer Jack Dorsey said in a tweet on Thursday that the fintech firm is building an open bitcoin mining system, as the newly re-branded company looks to expand beyond its payment business and into new technologies like blockchain.In October, Dorsey said that Block, formerly Squa
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Blockchain firm BTCS soars on retail rush for bitcoin dividends:Shares in blockchain technology-focused firm BTCS Inc rocketed on Thursday, set to extend a four-day rally, as more retail investors scooped them up after the company last week offered to pay dividends in bitcoin.The Silver Spring, Maryland-based company has seen its stock value more than double since Jan. 5 If Bitcoin closes with the weekly candle above the support trendline, that will be a huge confirmation that BTC will be bullish again. Y'all follow kathycryp. She's a super underrated Bitcioner who have been following her tweet and tips closely Follow her
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Source: BusinessTimes - 🏆 15. / 51 Read more »