Tag: Blocks

Bitcoin hash rate jumps to ATH as Jack Dorsey confirms Block’s mining system

Bitcoin (BTC) hash rate has returned to all-time highs despite losing a key hash rate contributor. Meanwhile, amid lackluster price action, Block CEO Jack Dorsey confirmed the creation of an open Bitcoin mining system. The BTC space continues to surprise and bewilder critics and fanatics alike. Kazakhstan, the network’s second most important BTC mining country, experienced an internet blackout last week due to civil unrest. However, the hash rate faltered no more than 13.4% before regathering to reach all-time highs. As shown in the below data from Glassnode, with the price checking…

Hong Kong-based Coinsuper allegedly blocks customers’ withdrawals

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A cryptocurrency exchange in Hong Kong has reportedly stopped all withdrawal requests, according to reports. Coinsuper is the sole crypto firm in China that is licensed by the government, and was founded by a former senior UBS Group AG executive in November 2017. The report by Bloomberg suggests that customers of the bourse have been unable to withdraw funds since late November, based on a review of messages on the exchange’s primary Telegram chat group. Five clients reportedly filed police complaints after token withdrawals were apparently halted, leaving them unable…

BLOCKS: Industry Agnosticity in Blockchain

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BLOCKS is an innovative decentralized autonomous organization that offers blockchain solutions to companies that need to alter their modus operandi. The core objective of BLOCKS is to help companies revolutionize the way they operate and make industries benefit from blockchain technology, considered as the future of finance. One of its aims is to migrate traditional, existing businesses onto the blockchain. The business space is undergoing a massive transformation in terms of how enterprises are run, thanks to blockchain. This technology is continually evolving, and it’s only logical that companies tap…

Block’s Cash App Launches Feature Allowing Users to Gift Bitcoin

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Payments firm Block, formerly known as Square, will allow its Cash App users to gift as little as $1 in stock or bitcoin, according to a tweet on Tuesday. ”It’s as easy as sending cash, and you don’t need to own stock or bitcoin to gift it,” the company said in its Tweet. Block joins other companies that are offering similar features. In May, PayPal said that it was going to make third-party wallet transfers available for PayPal and Venmo users. Coinbase also has a gifting feature where users can…

Tolkien estate blocks ‘The Lord of the Rings’ JRR Token

The Lord of the Rings-themed ‘JRR Token’ has met a “bag end” after being forced to shut shop following legal action from the family and estate of the famed series’ author. J.R.R. Tolkien who died in 1973. On Nov. 23, Law360 reported that the Tolkien Estate had reached a settlement with Florida-based developer Matthew Jensen over his JRR Token, which was launched in August this year. According to BSCScan, the BEP-20 token is only held by 510 addresses, with a market supply of 19 trillion. According to the settlement, Jensen…

MyEtherWallet allows users to mint Ethereum blocks as NFTs

MyEtherWallet, or MEW, launched its first nonfungible token (NFT) collection called ETH Blocks on Thursday, which tokenizes individual blocks on the Ethereum blockchain. Unique images associated with ETH Blocks are generated based on the block’s data. These NFTs are available exclusively to MEW users via the MyEtherWallet website. A number of blocks have already been claimed, according to the company. Ethereum’s founders called first dibs on blocks one through 10. There are also 13 ETH Blocks representing the history of Ethereum — such as major milestones, forks and updates to the blockchain…

Art Blocks Raises $6M From Galaxy, Flamingo DAO on Strength of Generative NFTs

Art Blocks, the computer-generated digital art market where chromatic squiggles have commanded millions of dollars, raised $6 million in an equity round co-led by Galaxy Interactive, Galaxy Digital’s entertainment-focused venture fund. Calderon said on CoinDesk’s “Opinionated” podcast that Art Blocks received investments from venture capital firms True Ventures, Collab Currency and Libertus, as well as crypto investment communities Flamingo DAO and The LAO. The round closed in August, before Art Blocks exploded into the NFT mainstream as a hub for so-called “generative” art created by algorithms and code. Its geometric,…

Binance blocks fiat deposits and spot crypto trading for Singapore users

Binance has announced some changes to its crypto trading services for customers in Singapore. According to a statement on its website published on Monday, Singapore-based users will be geo-fenced from certain account functions on the Binance.com website. Binance users in Singapore will no longer have access to fiat deposits, crypto spot trading, liquid swap and crypto purchases via fiat channels on the website. “We will be restricting Singapore users in respect of the Regulated Payments Services in-line with our commitment to compliance,” the statement added. Based on the new directive,…

Apple app store reportedly blocks Gnosis Safe wallet update for hosting NFTs

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The Apple App Store reportedly blocked a Gnosis Safe crypto wallet app update due to it hosting NFTs that weren’t purchased inside the app. Lukas Schor —a product developer at Ethereum-based crypto wallet provider Gnosis Safe — revealed the firm ran into trouble when it submitted an updated version of its app to the IOS app store earlier this month. Schor noted on Sept. 14 that despite the update having nothing to do with non-fungibles, the App Store flagged a sample image that displayed an NFT in the app’s description…