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Block Is Buying Bitcoin Every Month for Its Balance Sheet

Block Inc. has announced its strategy of regularly purchasing bitcoin for its corporate balance sheet via dollar-cost averaging (DCA). The company plans to allocate 10% of its monthly gross profit from bitcoin products towards investments in the cryptocurrency. “We view bitcoin as an instrument of global economic empowerment; it is a way for individuals around

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Recognizing Recent Efforts By Volunteer Contributors on the Translation Team

Through continued donations and support from the community, we’re thankful to have recently been able to send out over $15,000 USD worth of bitcoin as a gesture of gratitude to people who volunteer to help translate bitcoin.org and spread the word about Bitcoin. Each month, contributors are helping localize bitcoin.org so that more people around

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Understanding Bitcoin Network Congestion: High Fees, and What to Do | by Blockchain.com | @blockchain

The Bitcoin network is currently experiencing significant congestion, leading to high transaction fees and delays in confirmation times. Why is the Bitcoin Network Congested? The growing popularity of Bitcoin has resulted in an increased number of transactions, straining the network’s capacity. Additionally, the limited block size of 1MB means that only a fixed number of

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Grayscale’s GBTC Sees Inflow for First Time Since Bitcoin ETF’s January Debut

While the Friday inflow ends the streak of net GBTC withdrawals, BlackRock’s iShares Bitcoin Trust (IBIT) is challenging the fund for the title of biggest bitcoin ETF. GBTC now has $18.1 billion in assets, versus IBIT’s $16.9 billion. IBIT, now in second place, started at zero in January, while GBTC had more than $26 billion.

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Jack Dorsey-Backed Initiative Donates $21M to Bitcoin Nonprofit Opensats to Bolster Development

According to the 501(c)(3) public charity Opensats, a nonprofit focused on supporting Bitcoin-related initiatives and efforts that contribute to Bitcoin’s success, Jack Dorsey’s philanthropic endeavor #startsmall has contributed $21 million to the organization. Bitcoin Development Nonprofit Opensats Receives $21M From Dorsey’s #Startsmall On May 3, Opensats disclosed receiving a $21 million contribution from Jack Dorsey’s

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