Technology
Square CEO Jack Dorsey says looking to build a bitcoin mining system
Square CEO Jack Dorsey said on Friday that the fintech firm is seeking to build a Bitcoin mining system based on custom silicon and open source for individuals and businesses.
This will add to Square’s existing Bitcoin-focused projects, including the business of building an open developer platform, and hardware wallets for cryptocurrency. As of 12:22 PM IST on October 16, the price of Bitcoin in India was Rs. 48.25 lakhs.
“If we do this, we will follow our hardware wallet model: working with the community to build openness,” Dorsey said in a tweet. This will be completely open source, just like the Bitcoin hardware wallet previously announced by Square, which can be stored offline or online on a cryptocurrency exchange.
Dorsey also stated in his Twitter post that silicon design or chip design is too concentrated in a few companies, resulting in limited supply.
Square’s stock price rose about 1% in after-hours trading.
Last Friday, since China cracked down on Bitcoin trading and mining, Bitcoin exceeded $60,000 (approximately Rs 44.97 million) for the first time in six months, as people increasingly hope that U.S. regulators will allow futures-based exchange-traded funds ( ETF), this move may open the way for a wider range of digital asset investment.
News Source : Gadgets 360
Technology
Surfaces of the Motorola Edge 50 Ultra with Snapdragon 8S Gen 3
Early this week, renders of the Edge 50 Fusion appeared, and Motorola has previously stated that the Edge 50 Pro will ship on April 3. The highest-end smartphone in the Edge 50 series, the Edge 50 Ultra, has now been shown in renders.
The phone is depicted in the renderings in peach fuzz and black with a vegan leather finish, while sisal, a beige color, will have a brushed surface. As opposed to the Snapdragon 7 Gen 3 in the Pro variant and the Snapdragon 6 Gen 1 in the Edge 50 Fusion, the phone is reportedly powered by the Snapdragon 8s Gen 3 SoC.
A 50MP primary camera, an ultra-wide camera, and a periscope telephoto camera with a 5x optical zoom are all included in the Motorola Edge 50 Ultra’s feature set. Additionally, there is a triple LED flash on the right side and a laser autofocus feature above the periscope lens.
Although the phone’s display, battery, and charging specifications are yet unknown, the Edge 50 Pro is said to include 12GB of RAM and support both 50W and 125W wired and wireless charging.
It is anticipated that this will launch as the Motorola X50 Ultra in China. It is unclear if the India launch may be expected on the same day as the rest of the Edge 50 series phones, even if this is scheduled to go official on April 3.
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