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Block pins net losses on BTC’s fading consumer demand
Block's gross profits rose 38% to $1.57 billion, but expenses rose by nearly one-half, resulting in a net loss of $18.7 million, significantly worse than the $3 million loss in Q3 2021.
Block's gross profits rose 38% to $1.57 billion, but expenses rose by nearly one-half, resulting in a net loss of $18.7 million, significantly worse than the $3 million loss in Q3 2021.
According to reports on October 25, Block had tapped Perry Hothi, former chief technology officer for Argo Blockchain PLC, to help spur Block’s BTC mining ambitions.
The protracted collapse of Three Arrows Capital (3AC) is being treated a sign of great sickness within the digital asset industry—and it should be.
Critics of the BIP process have claimed for years that the roles of “Editor” and “Maintainer” are dangerous points of centralization, Kurt Wuckert Jr. writes.
One of the favorite candidates among small blockers Blockstream CEO Dr. Adam Back, creator of the “Hashcash” white paper that illustrates how a proof of work can mitigate the problem of email SPAM and general denial of service (DoS) attacks.
Currently, Bitcoin City is more style than substance, as more thought has apparently gone into imagining a central plaza shaped like the BTC logo than to more mundane items such as sewage flow.
Dr. Craig Wright has sent legal notices to a number of digital asset entities and groups over their use of the Bitcoin name, warning of formal legal action if they do not take steps to address the situation.
In a blog post, Dr. Craig Wright explores how companies like Coinbase and Square attempt to hijack Bitcoin and create a new banking system for personal profit.
On the latest episode of CJTV, host ‘CJ’ and Kurt Wuckert Jr. take a deep dive into the events that we have seen and are seeing unfold in the blockchain and digital currency ecosystem.
On CJTV, CoinGeek’s Chief Bitcoin Historian Kurt Wuckert Jr. gives the audience an in-depth look at how Bitcoin got hijacked and how outside influences derailed BTC from what the whitepaper set Bitcoin out to be.
Bitcoin History series Part 3 delves into the split of BTC Core and Cash (BCH), and how the “Bitcoin” name was retained by the more limited chain, and the big blockers agreed haphazardly to fight for dominance on the worst metric possible: price.
As time goes on, we see two things from Tether: more evidence that USDT is unbacked, and an increasing reliance on Tether throughout the industry and beyond it. The month of June has been no exception.