Canaan’s Mining Revenue Surges 312% As BTC Holdings Reach 1,292 BTC

Canaan Inc. reported $269.3 million in revenue for 2024, with bitcoin mining revenue surging 312% year-over-year to $44 million. The company also expanded its North American mining footprint, securing new agreements in Pennsylvania and Texas to add 4.7 EH/s of computing power. Canaan Reports $269M in Revenue Canaan Inc., a crypto mining hardware manufacturer, has […] Source link

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Bitcoin needs Ethereum VM to reach its full potential — Web3 exec

Mainstream Bitcoin (BTC) adoption won’t happen until it bridges to the Ethereum Virtual Machine (EVM) — the first point of entry for many real-world assets moving on-chain, a Web3 executive argues. Speaking to Cointelegraph, the founder of cross-chain infrastructure firm Botanix Labs, Willem Schroé, claimed Bitcoin “needs to start playing in the EVM world” for it to build real-world use cases to increase its adoption and utility. “Bitcoin is the most technologically secure and truly decentralized protocol [and] the EVM has proven itself to be the application layer for the…

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Strike Expands Global Reach, Introduces USDT Support And Unveils Enhanced App At Bitcoin 2023 Conference

At Bitcoin 2023 in Miami Beach, global bitcoin payments service Strike announced that their service is now available in 65 more countries spread across six continents. This coincides with the introduction of the ability to receive funds in U.S. dollar equivalents, namely USDT. In addition, the app received a major facelift and overhaul that has made the UI cleaner, the UX friendlier and also includes a new logo. Many of the countries that have been requested by users of Bitcoin Twitter are now able to instantly send and receive money…

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To Reach Women, Bitcoiners Should Change Their Approach

This is an opinion editorial by Tali Lindberg, co-founder of Free Market Kids, a company focused on financial literacy and Bitcoin education. Author’s note: This is a politically-incorrect article because I’m about to make gross generalizations about men and women. If you are easily offended, you probably shouldn’t read on. When I first entered the Bitcoin space, I met a woman who asked me if I was interested in starting a woman’s Bitcoin meetup. “I wish there was one,” she said. At the time, I was a bit offended by…

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