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Square CEO Jack Dorsey says looking to build a bitcoin mining system

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3 years ago

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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.

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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

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SpiceJet announces 8 new flights to connect Jaipur with Varanasi, Amritsar and Ahmedabad

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2 months ago

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November 6, 2024

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SpiceJet announces 8 new flights to connect Jaipur with Varanasi, Amritsar and Ahmedabad

SpiceJet expands its domestic network with 8 new flights that will connect Jaipur with Varanasi, Amritsar and Ahmedabad and also link Ahmedabad with Pune.

SpiceJet is further expanding its domestic network with the launch of eight new flights starting November 15.

In the statement released on Wednesday, the airline announced that these new routes will connect Jaipur with Varanasi, Amritsar and Ahmedabad, while also linking Ahmedabad with Pune. This expansion follows the recent launch of 32 new flights in October 2024, including two international flights connecting Delhi with Phuket.

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Last month, SpiceJet also commenced UDAN flights linking Shivamogga in Karnataka with Chennai and Hyderabad, and introduced double daily flights between Chennai and Kochi, enhancing connectivity across key regional and metropolitan cities.

“We are excited to announce the launch of new flights from Jaipur to Varanasi, Amritsar, and Ahmedabad, as well as from Ahmedabad to Pune, providing our passengers with greater flexibility and convenience,” SpiceJet Chief Business Officer Debojo Maharshi said.

“These new flights reflect our commitment to supporting passenger demand across tier-II cities and beyond. With our expanded winter schedule, including international and UDAN routes, we aim to provide our customers with greater convenience, affordability, and seamless travel experiences,” Maharshi added.

SpiceJet will deploy its 78-seater Q400 aircraft in these sectors. Bookings for the new flights are now open and tickets are available at the website of the airline, SpiceJet’s mobile app and through online travel portals and travel agents.

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On Monday, the airline received a significant boost, with Acuite Ratings & Research Limited upgrading its long-term rating by four notches to ‘B ‘ and its short-term rating to A4. The rating agency has also assigned a ‘Stable’ outlook to the airline.

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