Block Revamps Bitcoin Ecosystem With Bitkey Wallet, Cash App Features, and Proof of Reserves
Block unveiled bitcoin-focused products including an updated Bitkey hardware wallet with integrated touchscreen, expanded Cash App bitcoin features offering 5% rewards and $10,000 daily withdrawal limits, and a Proof of Reserves system for transparency. Square's tap-to-pay bitcoin payments via Lightning Network launch this year with zero processing fees, positioning Block as a major infrastructure player in mainstream bitcoin adoption.
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Solana developers outline plan to protect network from quantum threats
Solana's core developer teams Anza and Jump Crypto have aligned on Falcon, a quantum-resistant digital signature scheme, to protect the network from future quantum computing threats. The foundation maintains quantum risk remains years away and outlined a phased migration plan unlikely to impact performance. Blueshift's quantum-resistant primitive has already operated on Solana for two years.
Bitcoin is climbing on thin volume, leaving rally vulnerable to macro shock
Bitcoin's rally toward $80,000 is driven by spot buying and short covering amid weak trading volumes and negative funding rates, raising concerns about durability. While institutional ETF inflows total $2.5 billion this month and bitcoin dominance reaches 60%, options markets show low volatility and hesitant positioning. Analysts warn the price climb lacks conviction and could crumble without macroeconomic catalysts supporting broader markets.
Should Cardano invest more into Bitcoin while top Cardano marketplaces like JPG Store shut down?
Cardano's governance system is facing two deadlines that belong in the same conversation. JPG Store, a prominent Cardano NFT marketplace whose product page calls it the #1 Cardano NFT marketplace, began a ‘Restriction Mode' on April 23 and scheduled its ‘Complete Shutdown for May 23′. The shutdown gives users immediate work to do. The shutdown […] The post S...