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Block has completed the design of its new prototype ASIC chip which it says will fast-track its plan to bring “open source” Bitcoin mining rig design to market. Block, a financial services and technology company owned by former Twitter CEO Jack Dorsey has announced it has completed the prototype design of its new five-nanometre (5nm) Bitcoin (BTC) mining chip — which it claims is key to decentralizing the supply of Bitcoin mining rigs. According to a blog post published on April 28, Block explained that developing Bitcoin mining ASIC rigs is both financially and technically challenging. The result of this has been “the excessive concentration of custom bitcoin mining silicon” in the hands of a select few companies. Block deems this centralization harmful to both miners and the Bitcoin network as a whole. We have an update on our Mining initiative. This one is about ASICshttps://t.co/bJOM9YNxfl — Thomas Templeton (@TempletonThomas) April 28, 2023 Notably, the San Francisco headq...

Now, the community has two questions for lead developer Shytoshi Kusama, when Shibarium mainnet will be released and when Binance will list BONE? advertisement Binance Can List BONE on Shytoshi Kusama’s Request The Shiba Inu team confirmed BONE as the only gas token for Shibarium transactions and a reward token for validators and delegators. Shibarium will offer the benefits of scalability, faster transaction times, lower fees, and an expanded development framework. With the Shibarium mainnet launch expected by the year’s end, most things around the Shibarium blockchain will involve BONE token. In fact, validators will lock a certain number of BONE tokens to provide security and stake BONE through staking management contracts on the Ethereum mainnet. Moreover, delegators will stake BONE into validator nodes responsible for validating transactions. The BONE token is available since July 2021 for governance and now for Shibarium . Also Read: Bit...

Join Our Telegram channel to stay up to date on breaking news coverage The Terra Classic price prediction may lack short-term if the bears return to the market, but if the price rises, the coin is likely to face up. Terra Classic (LUNC) Prediction Statistics Data: LUNC price now – $0.000109 LUNC market cap – $650 million LUNC circulating supply – 5.8 trillion LUNC total supply – 6.8 trillion LUNC Coinmarketcap ranking – #70 LUNC/USD Market Key Levels: Resistance levels: $0.000150, $0.000170, $0.000190 Support levels: $0.000075, $0.000055, $0.0000035 LUNCUSD – Daily Chart LUNC/USD is trading around the $0.000109 resistance level as it moves to cross above the 9-day and 21-day moving averages. However, if the bulls push the Terra Classic (LUNC) above the upper boundary of the channel, the nearest resistance may be located around the $0.000130 resistance level. Terra Classic Price Prediction: LUNC May Break to the Upside At the tim...

Also Read: Ripple To Face Trouble From XRP Holders in Court? Attorney Suggests This advertisement XRP Avg Daily Vol Spikes by 46% Ripple CEO, Brad Garlinghouse issued XRP markets report stating that the United States might be moving backward in terms of updating regulatory frameworks, however, they are focusing on the positive. He added that over the last few months, the EU, UK, and UAE all have moved forward in building new rules and regimes for crypto activities. As per the report, Total XRP sales by Ripple in quarter 1 2023, net of purchases turned out to be $361 million. However, it stood at around $226 million in the previous quarter. It mentioned that XRP Ledger on-chain activity stood strong with decentralized exchanges volume surging by 34% to $115 million in comparison to quarter 4 of 2022. According to the data, XRP Average Daily Volume (ADV) on centralized exchanges spiked by 46% in quarter 1 to $1 billion from $698 million. Read More XRP News He...

Join Our Telegram channel to stay up to date on breaking news coverage The Cardano price prediction reveals that ADA has been following the bearish movement over the past few days but the coin now appears to face a bullish run. Cardano Prediction Statistics Data: Cardano price now – $0.413 Cardano market cap – $14.3 billion Cardano circulating supply – 34.7 billion Cardano total supply – 35.7 billion Cardano Coinmarketcap ranking – #7 ADA/USD Market Key Levels: Resistance levels: $0.500, $0.520, $0.540 Support levels: $0.330, $0.310, $0.290 ADAUSD – Daily Chart ADA/USD is moving up with a slight increase of around 2.74% during the European session today; it is currently trading at $0.413 above the 9-day and 21-day moving averages. For the past few weeks, the Cardano price experiences hard times crossing above the moving averages as the previous attempts so far have failed. Despite this, ADA/USD is still making an effect to head to...

Join Our Telegram channel to stay up to date on breaking news coverage In response to the first-quarter earnings of tech giants Alphabet and Microsoft, investors have propelled Bitcoin (BTC) to surge past the $28,000 mark. As of recent trading, the largest cryptocurrency by market capitalization was valued at over $29,008, representing a 2.39% increase in the last 24 hours. BTC’s price had been relatively stable throughout Tuesday until it experienced a surge shortly after the closing of US equities markets. BTC Surges as Google and Microsoft Earnings Beat Expectations BTC’s late surge coincided with both Google parent Alphabet and Microsoft slightly surpassing analysts’ expectations. Additionally, data from analytics firm Coinglass showed that around $11.3 million of BTC short positions had been liquidated since 4 p.m. ET. These short squeezes have historically tended to accelerate price jumps. Notably, the second-largest cryptocurrency by market value, Eth...

Also Read: Cathie Wood’s Ark Invest Adds Over 150K Coinbase Stock Amid Red Hot Inflation advertisement The upcoming upgrade could likely showcase the real impact from The Merge, which switched Ethereum’s consensus mechanism to proof of stake. This consensus system offers low energy costs as opposed to the previous mechanism of proof of work. It may be recalled that against high expectations, the Ethereum price did not rise after The Merge was completed in mid-September 2022. Lido Sees Largest Daily Stake Inflow The World’s first licensed Crypto Casino. Begin your journey with 20% cashback up to 10,000 USDT. Signup Ad The Lido protocol had on 25 February, 2023 recorded its largest daily stake inflow so far with over 150,000 ETH staked. This can likely be attributed to Justin Sun’s 150,100 ETH staked. Due to the heavy...