Tether CTO Paolo Ardoino has suggested that cryptocurrency exchanges that have profited significantly from Bitcoin should consider reinvesting a portion of their earnings in the digital asset. He cited Bitfinex as an example of an exchange that has invested in the Bitcoin ecosystem, particularly in technologies like the Lightning Network and RGB.

This #proposal aligns with the #idea of supporting and contributing to the broader cryptocurrency ecosystem, particularly Bitcoin, which is the foundational cryptocurrency for many other projects and #technologies in the space. Such investments can help advance the #development and adoption of #Bitcoin-related technologies, ultimately benefiting the entire crypto community.

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#bitcoin and #XRP attract more investors: millions of inflows indicate positive trends.

_In the latest #CoinShares reports, Bitcoin (BTC) and Ripple (XRP) continue to attract investor interest, as they witnessed significant financial inflows into their associated exchange-traded products (ETP) over the past week. #Bitcoin-related products saw inflows worth $16 million, bringing the total value of inflows since the beginning of the year to $260 million. On the other hand, XRP-related products saw inflows of $0.42 million, continuing to attract positive inflows for the 25th week in a row, despite the legal challenges they faced.

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Block Sees Bitcoin Price Up 400% In Six Years, Expands Crypto Projects.

Block, formerly known as #Square , has seen a significant 400% increase in Bitcoin price since it first allowed #Bitcoin transactions on its Cash app in 2017. This growth has not only been a boon for the company, but has also turned its CEO, Jack Dorsey, into a leading #BTC advocate Today, Block is deeply entrenched in the cryptocurrency space with various #Bitcoin-related projects

Six years ago, on November 14, 2017, amid the contentious Block Size wars that rocked the cryptocurrency community, Block launched a trial that allowed users to make Bitcoin transactions through the Square Cash app. The move was a significant departure from its core business of facilitating money transfers and marked the beginning of its journey into the world of digital currencies

The company's foray into Bitcoin has proven to be prescient, as the cryptocurrency's value has increased by 400% since then. This increase not only benefited Block's bottom line, but also solidified Dorsey's position as an outspoken advocate of Bitcoin. His belief in the potential of cryptocurrencies to empower people financially has been the driving force behind the company's strategic direction

Under Dorsey's leadership, Block expanded its cryptocurrency efforts. The firm is currently developing a commercial Bitcoin hardware wallet and is also working on a decentralized exchange. These initiatives are part of a broader effort to position Block as a major player in the global financial ecosystem. With billions of Bitcoins sold quarterly, Block's commitment to integrating cryptocurrency into its services is clear

The success of Block's cryptocurrency projects underscores the growing acceptance of digital currencies in mainstream finance and their potential to reshape how transactions are conducted around the world. As Block continues to innovate and expand its presence in this dynamic space, it contributes to the broader narrative of the increasing influence of cryptocurrencies on global financial systems and applications
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