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A Once-in-300-Years Event? Independent Solo Miner "Hits the Jackpot," Claims $220K Bitcoin Block Reward Alone

A solo Bitcoin miner with only 70 TH/s of hashrate has successfully mined block 944,306, earning the full 3.128 BTC block reward (approx. $222,000). This miner’s computing power represents just 0.000007% of the total network hashrate, making the probability of such an event roughly once every 300 years on average. The miner used CKpool’s solo mining service, which allows individual miners to work independently rather than in a pool, keeping the full reward minus a 2% fee. This is the 313th solo block mined via CKpool since 2014. Remarkably, this is the second such unlikely event within ten days, highlighting the lottery-like nature of solo mining—where small miners occasionally win big despite extremely low odds.

marsbit04/10 12:43

A Once-in-300-Years Event? Independent Solo Miner "Hits the Jackpot," Claims $220K Bitcoin Block Reward Alone

marsbit04/10 12:43

Square Introduces Bitcoin POS Payments In Major US Expansion

Square, a financial services company, has launched a major US expansion of its Bitcoin point-of-sale payment system. As part of the initiative, businesses that accept Bitcoin will pay no processing fees for the next two years, until the end of 2026. The program is designed to help small merchants adopt new payment methods without incurring transaction fees. By default, merchants receive US dollars in their accounts instantly, eliminating exposure to Bitcoin's price volatility. However, they can also choose to "stack" a portion of their daily sales in Bitcoin. The rollout began in October 2025 and is scheduled to be available to all eligible Square users by November 10, though businesses in New York are currently excluded due to state regulations. This move is part of a larger trend of financial companies integrating digital assets into traditional services, such as using cryptocurrency as collateral for mortgages and loans.

bitcoinist04/01 05:02

Square Introduces Bitcoin POS Payments In Major US Expansion

bitcoinist04/01 05:02

Argentina court orders nationwide block of Polymarket over gambling

An Argentine court has ordered a nationwide block of the crypto-based prediction market platform Polymarket, citing unauthorized gambling operations. The ruling, issued by a Buenos Aires court on March 11, instructed the national communications regulator ENACOM to restrict access to the platform and its variants across the country. The investigation was initiated following a complaint by the Buenos Aires City Lottery (LOTBA), which raised concerns over insufficient identity and age verification, potentially allowing minors to gamble. The court also directed Apple and Google to remove Polymarket’s mobile apps in Argentina. This action follows earlier scrutiny of the platform, particularly regarding its inflation prediction markets, which closely mirrored official data and sparked insider trading concerns. Similar restrictions have been implemented in other countries, including Colombia in Latin America.

cointelegraph03/17 11:12

Argentina court orders nationwide block of Polymarket over gambling

cointelegraph03/17 11:12

Jack Dorsey's Company Is Laying Off 4,000 White-Collar Workers, Replaced by AI

Jack Dorsey's fintech company Block has announced a major workforce reduction, cutting nearly 40% of its employees—around 4,000 roles—to streamline operations and transition toward a flatter, AI-centric organizational structure. Despite reporting growing revenue and profitability, and even raising its 2026 profit guidance to $12.2 billion, Block is proactively restructuring to adapt to rapid AI-driven changes in productivity. Dorsey emphasized that AI tools are fundamentally reshaping how companies operate, enabling exponential growth without proportional increases in staff. This move reflects a broader trend among tech firms like Salesforce, Amazon, and ASML, which have also cut jobs during growth phases by leveraging AI for efficiency. Notably, Block’s stock surged 20% following the announcement, adding nearly $6 billion in market value—effectively valuing each eliminated role at about $1.5 million in created enterprise value. The layoffs primarily affect white-collar roles, as AI excels at tasks involving information processing—a core function of many knowledge-economy jobs. Affected employees will receive severance including 20 weeks' base pay, additional compensation per year served, a $5,000 transition bonus, and six months of continued health insurance. The situation underscores how AI is disrupting traditional employment faster than expected, shifting focus toward reskilling and adaptation in the automated economy.

Odaily星球日报02/27 03:55

Jack Dorsey's Company Is Laying Off 4,000 White-Collar Workers, Replaced by AI

Odaily星球日报02/27 03:55

Former Twitter Co-founder's Sincere Layoff Letter: AI Can Do Your Job, You Can Go Now

Block, the financial technology company led by Twitter co-founder Jack Dorsey, saw its stock surge 25% after announcing plans to lay off nearly half its workforce—cutting 10,000 employees down to 6,000. The move added approximately $3 billion in market value, equating to about $750,000 per terminated employee. Dorsey attributed the cuts directly to AI, stating that “intelligence tools” enable smaller teams to achieve more with greater efficiency. He emphasized that the decision was intentional and immediate, avoiding prolonged uncertainty. Unlike typical corporate messaging that obscures layoffs with strategic jargon, Dorsey was explicit: AI can now do many jobs better and cheaper. The company had expanded rapidly during the pandemic, tripling in size since 2019. Now, much of that growth is being reversed under the banner of AI-driven efficiency. Dorsey’s approach mirrors actions taken by Elon Musk at Twitter (now X), but with a key difference: Block paired the layoffs with strong financial results and a clear AI transformation narrative, which investors rewarded. Internally, the transition has been turbulent. Employees were recently mandated to use AI tools and required to email Dorsey weekly summaries of their contributions—summaries he processed using AI. Many expressed low morale and job insecurity. Despite offering relatively generous severance, Dorsey’s blunt honesty underscores a harsh new truth: proficiency in AI or proving one’s value may not guarantee job security if companies prioritize cost-cutting through automation. Dorsey predicts most companies will follow suit within a year. For workers, the message is clear: as AI reshapes work, relying solely on a single employer carries increasing risk.

marsbit02/27 03:15

Former Twitter Co-founder's Sincere Layoff Letter: AI Can Do Your Job, You Can Go Now

marsbit02/27 03:15

Russia May Block Global Crypto Exchanges Ahead Of New Regulatory Framework – Report

Russia is preparing to restrict access to global cryptocurrency exchanges by summer 2026 as part of a new domestic regulatory framework, according to industry experts. The move aims to shift trading activity from foreign platforms to Russian-based services. Analysts suggest that authorities may block overseas exchanges using methods similar to previous restrictions on platforms like Telegram and YouTube. However, experts warn that such measures could drive part of the market underground, increasing fraud and complicating regulation. Meanwhile, the European Union is considering broader sanctions on all Russia-related crypto transactions to prevent sanctions evasion, including a potential ban on digital ruble transactions.

bitcoinist02/19 13:32

Russia May Block Global Crypto Exchanges Ahead Of New Regulatory Framework – Report

bitcoinist02/19 13:32

Russia May Block Foreign Crypto Exchanges This Summer as Domestic Rules Near

Russia may begin blocking access to major foreign cryptocurrency exchanges as early as this summer, according to industry experts cited in a report. The move is part of a broader effort to shift crypto activity into regulated, onshore infrastructure as domestic rules advance. The likely enforcement method will be DNS-level disruption, making sites inaccessible, rather than a complete ban. Russian officials estimate daily crypto transactions at around 50 billion rubles, with millions of citizens participating. The Moscow Exchange has pointed to $15 billion in fees paid by Russians to global platforms as a revenue opportunity for local venues. Experts warn that aggressive blocking could push users into riskier channels and increase fraud if onshore options aren't competitive. The regulatory framework for Russian crypto exchanges is expected by July 2026.

ccn.com02/18 09:11

Russia May Block Foreign Crypto Exchanges This Summer as Domestic Rules Near

ccn.com02/18 09:11

Jack Dorsey’s Block Job Cuts Signal Operational Efficiency Push As SUBBD Token Drives Creator Economy 2.0

Jack Dorsey's Block Inc. is undergoing strategic restructuring, including layoffs affecting up to 10% of its workforce, signaling a shift from aggressive growth to operational efficiency. This move aims to improve margins and focus on core initiatives like Bitcoin hardware. Meanwhile, the SUBBD Token is emerging as a decentralized alternative for the creator economy, combining AI and blockchain to reduce platform fees and automate workflows. Having raised over $1.4M in its presale, SUBBD offers AI-driven tools and staking rewards, positioning itself as a Web3 solution for content creators seeking greater autonomy and efficiency.

bitcoinist02/09 11:37

Jack Dorsey’s Block Job Cuts Signal Operational Efficiency Push As SUBBD Token Drives Creator Economy 2.0

bitcoinist02/09 11:37

Bitcoin Miners Set To See Major Relief: 13% Difficulty Ease Coming

Bitcoin mining difficulty is set to decrease by approximately 13% in the upcoming adjustment on February 6th. This reduction is a response to a recent slowdown in average block production time, which increased to 11.52 minutes—above the target 10-minute rate. The slowdown was caused by a sharp drop in the global hashrate following a major U.S. snow storm that disrupted power infrastructure, forcing American miners, including the world’s largest mining pool Foundry USA, to reduce operations. Although the hashrate has since partially recovered, the difficulty adjustment is based on the average block time over the past two weeks, making the decrease inevitable. Meanwhile, Bitcoin’s price recently dropped to $60,000 but has rebounded to around $69,300.

bitcoinist02/07 15:24

Bitcoin Miners Set To See Major Relief: 13% Difficulty Ease Coming

bitcoinist02/07 15:24

Crypto Debanking Deepens in the UK as 40% of Exchange Transactions Face Bank Blocks

A recent study by the UK Cryptoasset Business Council reveals that nearly 40% of transactions to crypto exchanges in the UK are being blocked or delayed by traditional banks. The report, titled "Locked Out: Debanking the UK’s Digital Asset Economy," highlights growing banking restrictions faced by the digital asset sector. Major exchanges, including Coinbase, Kraken, and Gemini, participated in the survey, with 70% reporting a worsening banking environment. Issues include difficulties with card payments and bank transfers, affecting both retail and institutional investors. Banks like Barclays and HSBC have imposed strict transaction limits, while others have halted crypto-related transactions entirely. The UKCBC calls for an end to blanket bans and urges a risk-based approach to avoid stifling innovation and driving business overseas.

TheNewsCrypto01/27 08:54

Crypto Debanking Deepens in the UK as 40% of Exchange Transactions Face Bank Blocks

TheNewsCrypto01/27 08:54

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