Tag: Bitcoin

Jameson Lopp, co-founder of Bitcoin custody firm Casa, has advocated for a partial reset of Bitcoin's testnet, TBTC, due to persistent "block storms" and misuse by some projects.  In an essay published on May 4, Lopp wrote that the testnet, which operates with slightly different consensus rules than the mainnet, ...

Bitcoin Mining company Marathon Digital Holdings has released its unaudited Bitcoin production and mining operation updates for April 2024, revealing a 15% month-over-month surge in its average operational hashrate. During this period, it reached a hashrate of 21.1 exahash per second (EH/s).  This company attributed this increase to successfully energizing ...

Former BitMEX CEO Arthur Hayes is optimistic about Bitcoin's future, suggesting it has reached a local bottom and will gradually rise over the next few months. In a blog post on May 3, Hayes commented on the recent market downturn, stating that the price action aligned with his expectations. According ...

Polyhedra Network has announced the launch of Expander, an open-source zk-proof system that claims to be the fastest available globally.  Zero-knowledge (zK) systems are among the numerous scaling solutions available for blockchain networks especially Ethereum. They stand out from other solutions because they use mathematical processes to verify transactions. Expander ...

On May 1, 2024, Bitcoin mining firm Riot Platforms published its 2024 first-quarter financial results report, revealing a net income of $211.8 million—a 1,000% increase from last year.  The company's success was driven by a 55.4% spike in mining revenue, reaching $74.6 million, primarily fueled by a 131% surge in ...

BlackRock’s iShares Bitcoin Trust experienced its first-ever outflow day during the trading ending May 1, 2024. According to data from Farside Investors, the spot Bitcoin ETF ended the day with a significant $36.9 million flowing out of its coffers.  The outflows were not limited to BlackRock’s Bitcoin fund alone. Nine ...

MicroStrategy, an American software company known for pioneering the addition of Bitcoin to its corporate balance sheet, is further immersing itself in the Bitcoin ecosystem.  During the MicroStrategy World conference in Las Vegas, Michael Saylor, the firm’s co-founder and executive chairman, unveiled plans to introduce a decentralized identity protocol named ...

Several Bitcoin developers are outraged at a fellow enthusiast who admitted to “griefing” one of Bitcoin’s testnets by generating three years' worth of blocks in a week. This caused some developers to pause the applications they were testing, and many of the affected entities expressed their displeasure with the act. ...

In an exceptional turn of events, a single Bitcoin miner has defied the odds by successfully solving a Bitcoin block alone, claiming the full 3.125 Bitcoin (BTC) block reward. This accomplishment was announced by Con Kolivas, a software engineer and administrator from the solo mining pool, ckpool. According to Kolivas, ...

Marathon Digital, a leading Bitcoin mining firm, has announced a significant increase in its 2024 hash rate target, aiming to reach 50 exahashes per second (EH/s).  According to the Hashrate Index, Marathon's Bitcoin mining hash rate is currently 24.7 EH/s. If the miner achieves its 50 EH/s target, it would ...