Block
BlackRock’s newest ETF invests in 35 blockchain-related companies
BlackRock, the world’s largest asset manager, has just launched a new exchange-traded fund (ETF) providing European customers with exposure to the blockchain industry, while reports indicate a Metaverse-focused ETF may be on the way. The new blockchain ETF launched on Sept. 27 is called the iShares Blockchain Technology UCITS ETF (BLKC). BlackRock said 75% of its holdings consist of blockchain companies such as miners and exchanges, while the other 25% are companies that support the blockchain ecosystem. The fund includes 35 global companies out of a total of 50 holdings, which also includes fiat cash and derivatives, but does not directly invest in cryptocurrencies. BLKC marks the latest of a series of moves into the digital assets space for BlackRock, with the m...
Blockstream and Block Inc to build solar Bitcoin mining facility powered by Tesla technology
On Friday, cryptocurrency storage company Blockstream and Block Inc. (formerly Square) announced the construction of a solar-powered Bitcoin (BTC) mining facility in Texas. As told by Blockstream, the mining site will be outfitted with 3.8 megawatts (MW) of electrical capacity using Tesla’s Solar photovoltaic cell array and 12 an MWh Megapack. Manufactured by Tesla Energy, Megapack is a powerful lithium-ion battery that provides energy storage and support. In context, one of the leading publicly listed Bitcoin mining companies, Hut 8 Mining, has about 209 MW in total contracted mining capacity. The purpose of the venture is to investigate the feasibility of operating a zero-emission energy Bitcoin mine. Blockstream and Block began collaborating on the project last June, with Blo...
Bitcoin transaction fees hit decade lows, here’s why
It’s a great time to move Bitcoin (BTC) between wallets and exchanges. Bitcoin transaction fees have hit all-time lows in BTC, according to research by Galaxy Digital. #bitcoin fees are at all-time lows. the craziest thing? fall 2021 was the first bull run not accompanied by a major spike in fees. how is that possible? what does it mean? here’s a thread explaining the most confounding (and awesome) chart in bitcoin. (remember june 2021) pic.twitter.com/gnWssTckX2 — Alex Thorn (@intangiblecoins) April 5, 2022 As shown on the graph below, the Bitcoin mean transaction fee has plummeted to 0.00004541 Bitcoin ($2.06) in 2022, while the median is 0.00001292 Bitcoin ($0.59) which is the lowest of any year except 2011, according to the report. Graph to show the fees trending down ...
Block nets $1.18B Q4 gross profit marking a 47% YoY increase
Crypto-friendly digital payments tech firm Block, Inc. (formerly known as Square) posted $1.18 billion worth of gross profit in Q4, representing a growth of 47% over the same period in 2020. The firm led by Bitcoin maxi Jack Dorsey has multiple business arms including Cash App, Square, and the freshly acquired buy now pay later (BNPL) firm Afterpay after the $29 billion deal officially closed at the end of last month. Block’s 2021 Q4 report was posted on Feb. 24, and the firm revealed significant gross profit increases across Cash App and Square, with each firm generating $518 million and $657 million apiece to mark YoY gains of 37% and 54% respectively. In total, the company generated $4.42 billion worth of gross profit for the entirety of 2021, marking a YoY growth of 62% compared to 202...
Block, formerly Square, will allow users to gift BTC for the holidays using Cash App
Digital payments company Block, formerly called Square, has announced that Cash App users will be able to gift friends and family both crypto and stock over the holiday season. According to a Tuesday tweet, Cash App said its users — roughly 40 million active monthly — could send as little as $1 in Bitcoin (BTC) or stock as a gift in the same way they had been sending cash. The payments firm joins others including PayPal and Coinbase in allowing users to send crypto as payments or gifts to third parties. With Cash App, you can now send as little as $1 in stock or bitcoin. It’s as easy as sending cash, and you don’t need to own stock or bitcoin to gift it. So this holiday season, forget the scented candles or novelty beach towel, and help your cousin start investing. pic.twitter.com/HS...
Cuba blames unrest on U.S. interference as Joe Biden backs protests
Cuba blamed historic protests that took place over the weekend on U.S. “economic asphyxiation” and social media campaigns by a minority of U.S.-financed counter-revolutionaries, while U.S. President Joe Biden said he stood with the Cuban people. The streets of Havana were quiet on Monday, although there was a heavy police presence. Outages in mobile internet – the only way many Cubans have of accessing the web – were frequent. Chanting “freedom” and calling for President Miguel Diaz-Canel to step down, thousands of Cubans joined street protests here from Havana to Santiago on Sunday in the biggest anti-government demonstrations on the Communist-run island in decades. At least 80 protesters, activists, and independent journalists had been detained nationwide since Sunday, according to exile...
NUT: Nigerian government not interested in curbing insecurity
The 1st Vice President of the Nigeria Union of Teachers, Mr Kayode Akosile, has said insecurity is getting worse at schools and other places in the country because the government is not seriously invested in curbing the situation. Akosile said government could as well use the money being embezzled and wasted on other not too important things to combat insecurity in the land. The NUT boss said this while speaking with journalists in Ibadan on Tuesday on the sidelines of a workshop on privatisation and commercialisations of education organised by NUT in partnership with International and Friedrich Ebert Stiftung Foundation. He said teachers and students’ minds were no longer at rest while in schools, saying the future of the nation was already in jeopardy. He said everything should be done t...
IPOB: No harm should befall Nnamdi Kanu
Barely 24 hours after his arrest was made public, the Indigenous People of Biafra on Wednesday, warned that nothing must happen to its leader, Nnamdi Kanu. The organisation which said Kanu was kidnapped by the government agents promised to “expose details of his abduction later”. Spokesperson for IPOB, Emma Powerful, said these in a statement titled, ‘Nothing should happen to our leader, IPOB tells FG’. According to him, IPOB would not be intimidated into backing out of the struggle, despite Kanu’s arrest. The statement read, “We the global movement of the Indigenous People of Biafra ably led by our great leader Mazi Nnamdi Kanu, confirm the abduction of our Leader, Mazi Nnamdi Kanu by the Nigerian Government and her security operatives. We shall expose details of his abduction later. “Our...
Brazilian president fined for not wearing mask
Brazilian President, Jair Bolsonaro, has been fined for not wearing a mask as he joined thousands of motorcyclists at a rally in Sao Paulo. Bolsonaro waved from his bike to the cheering crowd as he used the occasion to insist masks were useless for vaccinated people. The rally snaked in and out of the city, arriving back at Ibirapuera Park, where the far-right leader addressed supporters and said mask-wearing for vaccinated people was pointless. However, President Bolsonaro’s claim has been disputed by most health experts. “Whoever is against this proposal is because they don’t believe in science, because if they are vaccinated, there is no way the virus can be transmitted,” said Bolsonaro. Under 12% of Brazilians have had both doses of a vaccine, the ministry of health says, and many expe...
Police arrest two ‘highway robbers’ in Osun
The Osun Police Command on Friday said it had arrested two suspected members of a highway robbery gang after they were identified by one of their victims in Ile-Ife. According to a statement by the Osun Police Spokesperson, SP Yemisi Opalola, the suspects were arrested at about 12 noon on Friday after the driver of a bus they robbed earlier in the day spotted them at a bank and alerted the police. “We have arrested two suspected armed robbers, namely; Abiodun Abdulahi, 35, living in Ado Ekiti and Godwin John, 19, living in Lagos, but hails from Imo state. “They were arrested today at about 12p.m. at Ile-Ife by policemen. “The two and other gang members now at large, at around 9:45a.m. on Friday, robbed and dispossessed passengers of a bus coming from Lagos and heading towards Ilesa via Ife...
BudgIT: Over 315 capital projects duplicated in 2021 budget
BudgIT BudgIT, a civic-tech non-profit organisation, says it has uncovered 316 duplicated capital projects worth N39.5 billion in the 2021 budget. In a statement, Iyanu Fatoba, communications associate at BudgIT, said the organisation’s findings is contained in its publication titled, “Demanding Budget Reforms for Resource Optimization”, released on Tuesday. On December 31, President Muhammadu Buhari signed the 2021 appropriation bill of N13.588 trillion into law. The signing was done more than a week after federal lawmakers passed the budget and raised its total sum by N508 billion. Speaking on the report, Gabriel Okeowo, BudgIT’s CEO, said out of the identified 316 duplicated projects, 115 are in the ministry of health. He said the development is “very disturbing” as the country is battl...
Kaduna: Bandits kill 323, kidnap 949 in three months
No fewer than 323 persons were killed and 949 kidnapped by bandits in the last three months across Kaduna State. This was even as the military troops neutralised 64 bandits and arrested several gunrunners during the period under review. This was disclosed on Friday by the State Commissioner for Internal Security and Home Affairs, Samuel Aruwan, while giving security situation in the State for the first quarter of 2021. According to Aruwan, “The report covers banditry, kidnapping, cattle-rustling, attacks, and reprisal attacks. “The report also includes the aerial missions conducted over identified bandit hideouts and locations across the State, during which multiple scores of bandits were engaged and neutralised, with their camps destroyed. “Deaths linked to banditry, violent attacks, comm...
