Square plans to build new bitcoin mining system: Crypto wrap

Square plans to build new bitcoin mining system: Crypto wrap

RIYADH: Following the latest report from the University of Cambridge showing that the US has the largest share of bitcoin mining in the world, the CEO of Twitter and Square, Jack Dorsey has announced that Square is considering building a bitcoin mining system based on custom silicon. Dorsey has been a supporter of bitcoin for years, and recently made it clear that Square is in the midst of building a bitcoin hardware wallet in order to make bitcoin custody more mainstream, he also said that bitcoin will be a big part of Twitter’s future. “Square is considering building a bitcoin mining system based on custom silicon and open source for individuals and businesses worldwide,” Dorsey said. “If we do this, we’d follow our hardware wallet model: build in the open in collaboration with the community.” As the first bitcoin futures ETF could begin trading as early as next week in the US, the owner of the NBA team Dallas Mavericks, Mark Cuban shared his thoughts on bitcoin exchange-traded funds (ETFs). Cuban said in an interview with CNBC that he has no plans to invest in bitcoin-based exchange-traded funds (ETFs), and sees no reason for him to invest in a bitcoin