Over the past year, statistics reveal that 54,002 bitcoin blocks have been mined from Dec. 30, 2022, to Dec. 30, 2023. Leading the industry this year, Foundry USA topped the charts by mining 16,492 blocks in the past 12 months. Additionally, miners navigated through a total of 27 difficulty adjustments, predominantly increases, yet successfully propelled […]
India Cracks Down on Offshore Crypto Exchanges — Blocks Binance, 8 Other Platforms
The Indian government has directed the Ministry of Electronics and Information Technology to bar access to offshore cryptocurrency exchanges deemed illegal within the country. The nine affected crypto platforms include Binance, Kucoin, Huobi, Kraken, and Bitfinex. The Ministry of Finance also revealed that 31 crypto service providers have registered with the country’s Financial Intelligence Unit […]
Bloxroute to Reject Blocks With OFAC Flagged Transactions
Bloxroute, a company that provides relaying services, has declared that it will start rejecting block bids with transactions from wallets part of the Office of Foreign Assets Control (OFAC) Specially Designated Nationals And Blocked Persons List (SDN List). Based in the U.S., the company clarified it is still committed to supporting Ethereum’s decentralized nature. Bloxroute […]
WooCommerce 8.3 Makes Cart, Checkout, and Order Confirmation Blocks Default on New Installations
WooCommerce 8.3 was released today, featuring Cart, Checkout, and Order Confirmation blocks as the default checkout flow for new installations. This is a major milestone in moving WooCommerce towards a block-first checkout experience. Version 8.3 was slightly delayed, as core developers worked to ensure it would be compatible with the latest …
Block’s Q3 Earnings Show $2.42 Billion Bitcoin Revenue, Marking 37% Annual Growth
Block Inc. reported an increase in third-quarter earnings, with total net revenue climbing to $ 5.62 billion, marking a 24% year-over-year growth. Setting aside its bitcoin operations, the company’s revenue saw a jump to $ 3.19 billion, up 16% from the previous year. The firm’s shareholder letter discloses that bitcoin revenue rose to …