Blockchain Press Releases

Blockstream Mining Announces Strategic Focus on Proprietary Mining and Vertical Integration

Published

6 hours ago

April 30, 2025

Backed by $350 Million in Financing, Company Scales Infrastructure with Over 120,000 Miners Acquired Since Spinout

MONTREAL, April 30, 2025 /PRNewswire/ — Blockstream Mining, now operating as an independent entity, today announced its sharpened strategic focus on proprietary mining and full vertical integration. The company, which has been a foundational player in the global Bitcoin mining ecosystem since its inception, will concentrate on expanding its self-mining footprint while building the energy infrastructure required to support long-term scalability and resilience.

Following its spinout from Blockstream earlier this year, Blockstream Mining has secured over $350 million in financing, including equity, debt, and tokenized asset sales. The capital raise has enabled rapid execution on key infrastructure initiatives, including the acquisition of over 120,000 miners to fuel the company’s next phase of growth.

“Bitcoin mining is no longer just about machines and megawatts—it’s about owning and optimizing the entire value chain,” said Chris Cook, CEO of Blockstream Mining. “As the industry matures, those who control their own energy and infrastructure will be best positioned to thrive. We’re doubling down on our mission to be one of the most efficient, vertically integrated mining operations in the world.”

Blockstream Mining is deploying capital toward the development of new energy generation assets—particularly renewable and hybrid power systems—to reduce dependence on third-party providers and shield operations from energy market volatility. This approach supports cost stability, improves environmental performance, and ensures maximum uptime across its expanding fleet.

The vertical integration roadmap includes:

Expansion of Proprietary Mining: Rapid growth in self-mining capacity across North America, anchored by cost-effective, high-uptime sites.
Infrastructure Ownership: Continued investment in power infrastructure and on-site energy generation to maintain control over critical operational inputs.
Operational Excellence: Leveraging Blockstream’s engineering legacy and technical depth to drive efficiency across deployment, cooling, and energy management.

Chris Cook, who launched Blockstream Mining and has led the business since its inception, serves as CEO of the newly independent company. Dr. Adam Back, Co-Founder and CEO of Blockstream, will continue to play a valued role in the company’s strategic direction as Chair of the Advisory Board. In this capacity, Dr. Back will provide high-level guidance on technology, infrastructure development, and capital strategy, helping to ensure that Blockstream Mining remains at the forefront of Bitcoin mining innovation.

As part of the spinout, the Blockstream Satellite program — which broadcasts Bitcoin’s blockchain globally via satellite to enhance network resilience and accessibility — will also transition under the new entity’s stewardship. Blockstream Satellite is already an integral part of Blockstream Mining’s operations, providing connectivity for mining sites in remote locations where traditional internet infrastructure is unreliable or unavailable, further strengthening the company’s commitment to security, uptime, and decentralization.

Blockstream Mining has always been about delivering secure, scalable Bitcoin infrastructure,” said Dr. Adam Back. “With this transition, Chris and the team are exceptionally well-placed to carry the vision forward—scaling with independence, deep technical expertise, and a steadfast commitment to Bitcoin’s long-term success. I look forward to collaborating in this next chapter to build something truly enduring.”

“We’re proud of our roots and even more excited about what comes next,” added Cook. “With strong capital backing, clear focus, and full control over our operations, we’re building the backbone of Bitcoin’s future—one megawatt at a time.”

For media inquiries or more information, please contact:
[email protected]

View original content:https://www.prnewswire.co.uk/news-releases/blockstream-mining-announces-strategic-focus-on-proprietary-mining-and-vertical-integration-302442127.html

Blockchain

Blocks & Headlines: Today in Blockchain – April 30, 2025

Published

1 hour ago

April 30, 2025

Peter Tolan

Today’s blockchain ecosystem is defined by soaring ambitions, regulatory crosswinds, and an ever-evolving tapestry of decentralized applications. In this edition of Blocks & Headlines: Today in Blockchain – April 30, 2025, we cover five pivotal developments shaping Web3’s next chapter:

Telegram’s TON Factory Launch – A breakthrough in on-chain scalability.
EU Data-Protection Ruling Threatens Full Blockchain Histories – The fight between GDPR and immutability.
One Championship MMA Game Debuts on Sui – A major Web3 foray into mobile gaming.
U.S. Senate Eyes New Blockchain Act – Bipartisan push to regulate digital assets.
DMG Blockchain’s AI Data-Center Investment – Convergence of crypto mining and AI infrastructure.

Below, we deliver concise yet detailed analyses of each story, infused with expert commentary on their strategic significance. Read on to understand how these trends will influence protocol adoption, developer incentives, regulatory frameworks, and the future of decentralized networks.

1. Telegram’s TON Factory Boosts On-Chain Scalability

What happened:

Telegram’s Open Network (TON) team officially unveiled TON Factory, a novel toolkit designed to streamline the deployment and scaling of decentralized applications. Built atop TON’s sharded architecture, TON Factory enables developers to spin up isolated “factories”—subnets that can host smart contracts, NFTs, and DeFi modules—while sharing security guarantees with the main chain. According to the announcement, early tests show that each factory can process up to 15,000 transactions per second (TPS) in isolation, with near-instant finality.

Why it matters:

Scalability remains blockchain’s Achilles’ heel. TON Factory’s factory-of-subnets approach promises to lower the barrier to entry for high-throughput dApps—everything from micro-payment systems to real-time gaming. By offering elastic compute and fee-optimization mechanisms, Telegram aims to undercut legacy Layer-1 networks and attract a new generation of builders.

Opinion & Implications:

Developer Experience: Abstractions like preconfigured factories could accelerate time-to-market for teams lacking deep consensus expertise.
Network Effects: If TON’s UX outpaces rivals (e.g., Ethereum’s zk-rollups or Solana’s Turbine), we may see a migration of liquidity and talent.
Security Trade-Offs: Isolating factories can mitigate cross-dApp failures, but adds complexity to transaction routing and dispute resolution. Audits will be essential to validate this novel model.

Source: Cointelegraph – Telegram TON Factory Launch

2. EU Regulators Propose Deleting Entire Blockchains for GDPR

What happened:

European data-protection authorities have floated a radical interpretation of GDPR: the “right to erasure” could extend to purging entire on-chain histories containing personal data. Under this view, controllers operating within the EU must either anonymize linked data or entirely delete chain segments—potentially forcing chains to implement selective pruning or permissions.

Why it matters:

Blockchain’s immutability ethos directly clashes with GDPR’s erasure mandate. If regulators enforce selective deletion, networks may need to retrofit privacy-preserving layers (e.g., zero-knowledge proofs, chameleon hashes) or risk noncompliance fines up to 4% of global turnover.

Opinion & Implications:

Protocol Evolution: Expect a surge in privacy-by-design protocols that segregate PII off-chain while anchoring proofs on-chain.
Jurisdictional Fragmentation: Projects may geo-fence EU users or spawn EU-compliant forks—fracturing unified global ledgers.
Commercial Impact: Exchanges and custodians face urgent deadlines to audit on-chain data holdings and deploy erasure tools—or face hefty penalties.

Source: Daily Hodl – EU Blockchain Erasure

3. One Championship’s MMA Game Launches on Sui for iOS/Android

What happened:

One Championship, Asia’s premier martial-arts league, has partnered with Mysten Labs to release “ONE Fight Manager”—a play-to-earn mobile title powered by the Sui blockchain. Available now on iOS and Android, the game lets users train NFT fighters, compete in PvP leagues, and earn SUI tokens through ranked matches. Mysten Labs touts sub-two-second transaction finality and near-zero gas fees, enabling seamless gameplay even for on-chain microtransactions.

Why it matters:

Gaming remains the killer app for mass blockchain adoption. By leveraging Sui’s Move VM and object-centric model, ONE Fight Manager addresses two critical pain points: UX friction and cost barriers. Real-time, feeless interactions are vital to onboard traditional gamers accustomed to instant feedback loops.

Opinion & Implications:

User Acquisition: High-profile IP like One Championship can drive millions of installs—and funnel new users into the broader Sui ecosystem.
Economics & Tokenomics: Careful tuning of token emission and NFT scarcity will determine whether the game sustains long-term engagement or succumbs to “play-to-earn” collapse.
Cross-Chain Synergy: Success here may inspire similar partnerships on Aptos, Ethereum, or emerging Layer-1s, intensifying competition for flagship gaming titles.

Source: Decrypt – ONE Championship Sui Game

4. Ohio Senator Leads Push for U.S. Blockchain Act

What happened:

Senator J.D. Kerns (R-OH) has introduced the Blockchain Innovation and Consumer Protection Act, aiming to create a federal framework for digital-asset oversight. Key provisions include:

Defined Classifications: Differentiating between payment tokens, security tokens, and utility tokens.
Licensing Regime: Establishing a “Digital Asset Services Commission” to grant interstate licenses for exchanges and custodians.
Consumer Safeguards: Mandatory proof of reserves, clear disclosure requirements, and dispute-resolution protocols.

Why it matters:

After years of fragmented state laws and agency turf wars, this Act represents Congress’s first cohesive effort to legislate blockchain. By preempting state-level divergence, it could streamline compliance for businesses—provided it balances innovation with investor protection.

Opinion & Implications:

Regulatory Clarity: Clear definitions can foster institutional entry, reducing legal ambiguity that stifles corporate treasuries from adopting crypto.
Unintended Consequences: Overly stringent licensing could entrench incumbents and erect high barriers for startups.
Global Competitiveness: U.S. leadership in blockchain law may influence other jurisdictions—critical as Asia and Europe race to craft their own regulatory regimes.

Source: The Street – Blockchain Act Proposal

5. DMG Blockchain Solutions Invests in 2MW of AI Data-Center Gear

What happened:

DMG Blockchain Solutions Inc. has announced the acquisition of two megawatts of high-density GPU infrastructure, repurposed for both crypto-mining and AI-model training workloads. Housed in a new Quebec data center, the multi-use clusters will dynamically allocate capacity between proof-of-work operations and commercial AI clients—leveraging off-peak pricing to optimize ROI.

Why it matters:

The convergence of crypto-mining and AI training infrastructure underscores growing synergies between two of the most compute-hungry industries. By offering GPUs for rent during mining downtimes, DMG anticipates 30% higher utilization rates compared to mono-purpose facilities.

Opinion & Implications:

Revenue Diversification: Dual-use data centers can hedge against crypto price swings and tap into booming AI-as-a-service demand.
Energy Efficiency: High-efficiency GPUs paired with Quebec’s hydroelectric power may set new benchmarks for sustainable compute.
Competitive Landscape: Other mining operators may follow suit, catalyzing a wave of AI-crypto hybrid hosting providers.

Source: GlobeNewswire – DMG AI Infrastructure Purchase

Conclusion

April 30, 2025, illuminated blockchain’s boundless dynamism: scalability breakthroughs at Telegram’s TON Factory; privacy versus immutability in the EU’s GDPR debate; mass-market gaming on Sui; legislative clarity from Capitol Hill; and the AI-crypto infrastructure nexus in Quebec. These stories reveal an industry simultaneously innovating at the protocol layer, grappling with regulation, and exploring cross-sector partnerships. For developers, investors, and policymakers alike, the imperative is clear: build resilient architectures that anticipate regulatory shifts, prioritize user experience, and harness synergies across emerging technologies. Stay tuned to Blocks & Headlines tomorrow for your next daily briefing on the pulse of blockchain’s evolving frontier.

The post Blocks & Headlines: Today in Blockchain – April 30, 2025 appeared first on News, Events, Advertising Options.

Blockchain Press Releases

Bybit & FXStreet Report: Gold could reach US$4,000 per ounce by 2025

Published

2 hours ago

April 30, 2025

CISION (PR Newswire)

bybit-&-fxstreet-report:-gold-could-reach-us$4,000-per-ounce-by-2025

DUBAI, UAE, April 30, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, in partnership with FXStreet published a comprehensive report forecasting gold’s potential to reach US$4,000 per ounce by the end of 2025.

Key Highlights:

New record highs

Gold has recently surged to an all-time high of US$3,500 per ounce. The rally marks a 26% increase year-to-date and a 41% gain over the past 12 months — sharply outperforming equities, with the S&P 500 down 11% in the same period. This underscores gold’s renewed strength as a reliable safe-haven asset.

Safe-haven demand

Gold’s outperformance reflects a broader macroeconomic trend: investors fleeing volatility in traditional markets. A weakening US dollar, persistent inflation, and negative equity returns have made gold increasingly attractive. As fiat currencies lose purchasing power, gold’s status as a hedge against currency devaluation has been reaffirmed across global markets.

Tariff-driven uncertainty

Trade policies under U.S. President Donald Trump have reignited fears of a global tariff war. This uncertainty is driving capital towards gold as a politically neutral store of value. Tariffs on key commodities — and the possibility of levies on gold itself — are pushing exporters and importers to divest from vulnerable currencies such as the CAD, JPY, EUR, CNY, and MXN in favor of gold reserves.

Traditional safe-haven instruments like US Treasuries are seeing reduced demand from exporting nations affected by US tariffs. As Treasury yields lose their appeal, gold is increasingly seen as the only truly stable alternative for risk-averse capital.

Technical momentum

From a technical perspective, bullish signals remain in place. The MACD (Moving Average Convergence Divergence) remains positive, with the short-term (12-day) moving average staying above the longer-term (26-day) average — a classic sign of continued upward momentum. Meanwhile, the Relative Strength Index (RSI) stands at 60, indicating healthy momentum without entering overbought territory.

End-of-year target

Given the supportive macroeconomic backdrop, persistent geopolitical risks, and favorable technical setup, analysts are forecasting the rally will continue short-term. Gold appears poised to test its next resistance level at US$3,500, with a potential to climb to US$4,000 per ounce by year end if current momentum holds.

Diversification potential

Silver presents an overlooked but compelling opportunity for diversification. Historically moving in tandem with gold, silver remains significantly undervalued compared to its 2011 all-time high of US$50 per ounce. With industrial demand also contributing to its strength, silver could benefit from both defensive capital flows and cyclical economic recovery, offering investors an additional layer of resilience.

Conclusion

Gold’s rise to historic highs is the result of intersecting forces: economic headwinds, inflationary pressure, political uncertainty, and a global search for reliable stores of value. With traditional safe-havens underperforming and demand from markets like China rising, gold’s outlook remains strong. As momentum builds, both gold and silver are reasserting themselves as essential components of a diversified portfolio in 2025.

The full detailed report is available here.

#Bybit / #TheCryptoArk

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open, and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

For more details about Bybit, please visit Bybit Press

For media inquiries, please contact: [email protected]

For updates, please follow: Bybit’s Communities and Social Media

Logo – https://mma.prnewswire.com/media/2267288/Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/bybit–fxstreet-report-gold-could-reach-us4-000-per-ounce-by-2025–302443106.html

Blockchain Press Releases

Welcome to the 1V1 Trading Arena: Bybit Blends Gameplay With Real Crypto Wins for Pro and New Users

Published

6 hours ago

April 30, 2025

CISION (PR Newswire)

welcome-to-the-1v1-trading-arena:-bybit-blends-gameplay-with-real-crypto-wins-for-pro-and-new-users

DUBAI, UAE, April 30, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is excited to unveil the 1V1 Trading Arena, gamifying trading experience for crypto pros and beginners in the first ever 1-on-1 trading battle on Bybit. The competition allows eligible Bybit users to battle another individual trader and share in $1,000,000 in airdrops.

Designed for both seasoned pros and newcomers, the event offers rewards for every trading style. From now until May 22, 10AM UTC, participants can engage in direct PnL (Profit and Loss)-based battles against fellow traders.

Highlights

Pro Trader Face-Offs: Users may race one another without having to join squads, allowing individual traders to demonstrate their tradecraft to the fullest.
Performance, Not Size: The trader with the higher Profit and Loss percentage will emerge victorious, no matter the invested amount.
Flash Rewards in Seconds: The winning trader will get to claim the rewards of each match immediately.
Race at Their Pace: Participants can choose their own battle mode from 1 to 4 hours–Blitz, Rush, or Endurance. Bybit’s powerful trading tools are at their disposal to help them set positions and automate entry and exit points.

In addition, newcomers will get a chance to join a lucky draw and win up to 100 USDT when they win the first match. Users may also receive referral bonuses of up to 20% of the referees’ points.

Tune in Live: The Ultimate KOL Trading Battle

The 1V1 Trading Arena reinvents traditional trading competitions and enables users to take full control of their portfolios and strategies, blending gameplay with rewards powered by Bybit’s suite of trading solutions.

The stakes are about to get higher on May 7 where two influential crypto traders will compete head to head on Bybit Live. The audience will get to witness the drama unfold in real time, hear tips on how to get the most out of the campaign from the trading pros, while taking part in interactive giveaways for a chance to win from a 1,000 USDT prize pool during the session.

Livestream Link: 1v1 KOL Trading Arena Showdown
Date and Time: May 7, 2025, 8AM UTC

Terms and conditions apply. To find out more about the unique trading competition, users may visit: 1V1 Trading Arena: Face-off for big rewards!

#Bybit / #TheCryptoArk

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

For more details about Bybit, please visit Bybit Press

For media inquiries, please contact: [email protected]

For updates, please follow: Bybit’s Communities and Social Media

Logo – https://mma.prnewswire.com/media/2267288/Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/welcome-to-the-1v1-trading-arena-bybit-blends-gameplay-with-real-crypto-wins-for-pro-and-new-users-302442774.html

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