BLOCK

The post New Law Empowers U.S. President to Block Crypto Transactions appeared first on Coinpedia Fintech News A new law has granted the U.S. president extensive authority to block cryptocurrency access, raising concern among observers. This development empowers the president to block transactions between U.S. persons and foreign entities linked to terrorist organizations. The law mandates that the Secretary of the Treasury identify and report any foreign banks or crypto transaction facilitators knowingly engaging in massive transactions with terrorist organizations.…

Warsaw, Poland, June 3rd, 2024, Chainwire Competitive Web3 gaming protocol, Elympics has announced a number of new initiatives which are set to realise the full potential of Web3 gaming and facilitate mass adoption. The announcements were made to an audience of over 1.500 Web3 influencers and enthusiasts at the Next Block Expo (NBX) in Warsaw, Poland and will bring its Compete-to-Earn model to gamers across the world.  TON INTEGRATION Michal Dabrowski, Chief Executive Officer (CEO) of Elympics, announced from the…

Ethereum co-founder Vitalik Buterin has recently criticized those opposing an increase in Bitcoin’s block size. He bases his arguments on two books that examine the “Bitcoin block size war” from contrasting viewpoints. Jonathan Bier’s The Blocksize War supports small blocks, whereas Roger Ver and Steve Patterson’s Hijacking Bitcoin advocates for larger blocks. Buterin, who has been involved in these debates, leverages these narratives to assess Bitcoin’s technological direction. Why Does Bitcoin Block Size Matter? The debate centers around Bitcoin’s role…

Donald Trump promises to stop Joe Biden’s anti-crypto policies and support self-custody of digital assets. Trump’s campaign is now accepting crypto donations, making him the first major candidate to do so. Former U.S. President Donald Trump has made a bold declaration regarding the United States’ position in the cryptocurrency industry. In a recent post, Trump emphasized the necessity for the country to be the frontrunner in this growing sector. Highlighting his commitment to fostering innovation and growth within the crypto…

Ethereum (ETH) is experiencing a potential short-term bullish trend as it breaks away from a recent period of sideways movement. Opinions among industry experts are divided, with skepticism from Nate Geraci regarding the SEC’s ability to reject spot ETH ETF applications. Ethereum (ETH) is poised for a potential short-term bullish surge on Wednesday, breaking free from a five-day period of horizontal movement. Recent discussions in the crypto sphere have been ignited by a decline in revenue on the ETH Mainnet…

Financial technology conglomerate Block, owned by X co-founder Jack Dorsey, has decided to invest 10% of all profits made from bitcoin-related products in monthly BTC purchases. Speaking to shareholders in a Q1 2024 earnings report, Dorsey outlined several reasons for the decision, addressing investors’ concerns about why Block is so focused on the largest cryptocurrency. Block to Invest in Bitcoin Monthly Dorsey explained that bitcoin is the best and only candidate for a decentralized open protocol for money, which the…

The post Jack Dorsey’s Block To Add In More Bitcoin; Reveals BTC Blueprint appeared first on Coinpedia Fintech News Block, led by CEO Jack Dorsey in April began using 10% of its gross Bitcoin profits to accumulate more BTC and continue this for the rest of the months in 2024. With $80 million gross BTC profits in the first quarter, if the profit level continued throughout the year, it could add $24 million worth of BTC to its balance sheet,…

Logos, a decentralized technology stack that has positioned itself for building self-sovereign virtual territories, inscribed the largest ever Bitcoin block on May 2nd, at 8:34 AM GMT+1. In a press release shared with CryptoDaily, Logos confirmed that the inscription will be followed by an Ordinals collection released later this year. This milestone follows closely on the heels of the previous record-breaking block of 3.969 MB, which was inscribed on April 19th, 2024 on a standard sat. Logos' inscription of its…

In the early morning of today’s Asia time, Jack Dorsey, CEO of Block Inc., revealed the company’s latest plan. Dorsey stated that it intends to purchase Bitcoin (BTC) monthly, utilizing the dollar-cost averaging (DCA) method. This move highlights Block’s commitment to integrating Bitcoin into its financial strategy. Moreover, it also emphasizes Dorsey’s position as a prominent “Bitcoin maximalist.” Details of Block’s Bitcoin DCA Strategy Unveiled Dollar-cost averaging is an investment approach where the same dollar amount is invested in a…