Riot Blockchain Raises 2022 Hashrate Guidance for Second Time in a Month

One of the largest bitcoin miners, Riot Blockchain (RIOT), raised its 2022 guidance for its mining power to 9.0 exahash per second (EH/s) from the previous forecast of 8.6 EH/s, marking the second increase to its 2022 guidance within a month. Riot attributed the increase to the purchase of 3,000 of Bitmain’s latest mining machines, the S19XP, which are expected to be delivered and deployed by December of next year, according to a statement. The miner noted that the increase in its hashrate guidance doesn’t include any potential benefits from…

Blockchain.com Grows Presence In Latin America With SeSocio Acquisition – Bitcoinist.com

One of the world’s oldest crypto companies, Blockchain.com, has acquired SeSocio, a crypto company based in Argentina. Both parties announced it on their respective blogs on Tuesday. According to the announcement, this is Blockchain.com’s “largest acquisition to date,” although it did not disclose the amount. With its acquisition of one of the largest cryptocurrency businesses in Latin America, Blockchain.com plans to accelerate its growth and drive crypto adoption in the region. Related Reading | Crypto.com Acquires Two Trading Platforms From IG Group In $216 Million Deal Founded in 2011 as a blockchain data…

DoinGud Launches its First Charitable NFT Collection in Collaboration with H+ Creative – Blockchain News, Opinion, TV and Jobs

DoinGud, an NFT ecosystem focused on inspiring creativity and positive social impact, launched its full platform featuring NFT artists from H+ Creative, a women led boutique creative studio that represents a tight-knit roster of top-tier, diverse international artists. The platform also welcomed the top charity in America United Way, an international network of more than 1,800 local nonprofit fundraising affiliates, as another in-network beneficiary. Following the NFT market’s record breaking $10.7 billion in sales last quarter, DoinGud hopes its platform will incentivize more projects to donate and align with charitable…

Lummis says Fed is ‘violating the law’ with Wyoming blockchain bank delays

Republican senator for Wyoming Cynthia Lummis has argued that the Federal Reserve is “violating the law” by delaying the processing of applications from crypto-native banks to receive accounts at the central bank. In a Nov. 30 op-ed for the Wall Street Journal, Lummis claimed that the Fed was treating the Special Purpose Depository Institutions (SPDIs), also known as ‘blockchain banks’, in her home state unfairly. She called on her Republican colleagues to withhold support for Fed chair Jay Powell who was reappointed by President Biden on Nov. 23. In Feb.…

Square rebrands to Block as focus shifts to blockchain

Digital payments company Square announced that it has changed its company name to Block, seemingly in a shift towards blockchain technology. In a Wednesday tweet, Square said the rebrand will bring the payments firm together with Cash App, the decentralized Bitcoin (BTC) exchange project tbDEX, and music and video streaming platform Tidal. An accompanying news release said that Square Crypto, the cryptocurrency-focused branch of the payment firm, will also be changing its name to Spiral and joining the Block family. “Block references the neighborhood blocks where we find our sellers,…

Blockchain security firm CertiK approaches unicorn status following $80M raise

Global blockchain security firm CertiK has concluded an $80 million investment round backed by some of crypto’s biggest venture funds, putting the company on track to reach the lofty $1 billion valuation mark in the foreseeable future.  The Series B2 investment round was led by Sequoia, a California-based venture fund, with additional participation from Tiger Global, Coatue Management and GL Ventures, CertiK announced Wednesday. In the startup world, Series B or B2 financing refers to the second round of funding for a business through either private equity or venture capital.…

Blockchain.com acquires SeSocio to cement presence in Latin America

Major cryptocurrency wallet and data service Blockchain.com is expanding in Latin America by acquiring SeSocio, a major crypto company based in Argentina. One of the biggest investment platforms in Latin America, SeSocio will now merge with Blockchain.com to help them scale operations across the region, the firm officially announced Nov. 30. As part of the acquisition, 100 SeSocio employees will join Blockchain.com, immediately bringing its global headcount to 400 people. Together, the firms will focus on providing crypto-enabled financial services to the unbanked and underbanked not only in Argentina but…

Bitcoin Or Ethereum? Which Blockchain Is Heavier? BitMEX Research Reports

From times immemorial, the Bitcoin and Ethereum camps argue about nodes and their respective blockchains’ characteristics. This mind-bending report by BitMEX Research will put the debate to rest. Surprisingly, they determine that the Bitcoin blockchain is still bigger than the Ethereum one. This will soon change, though. BitMEX Research also concludes that size is not the right metric to compare both chains, because “to learn useful information about the Ethereum network one needs to perform significantly more computations and generate far more data.” Related Reading | BitMEX Reaches Agreement With…

Top Blockchain University: Peking University

Although China banned all cryptocurrency transactions in September 2021, that does not take away from the adoption of blockchain technology more widely in the country for alternative functions. The state has actually supported some blockchain firms, helping them to explore use cases in fields like medicine and energy. President Xi Jinping called upon China to adopt distributed ledger technologies in October 2019. Source link