The answer has nothing to do with generosity and everything to do with how Bitcoin actually keeps track of ownership. Bitcoin Doesn’t Track Balances, It Tracks Outputs Bitcoin has no account ledger with names and running totals. Instead, it tracks unspent transaction outputs, known as UTXOs. Each UTXO is a discrete chunk of bitcoin locked […]
Adam Back and Michael Saylor, prominent figures in the Bitcoin ecosystem, have opposed the BIP 110 proposal, which aims to restrict certain transactions on the network. Both argue that its adoption could undermine Bitcoin’s fundamental principles and set a dangerous precedent. Adam Back, co-founder of Blockstream and inventor of Hashcash, argued that BIP 110 is […]
BlackRock accumulated almost $350 million worth of Bitcoin (BTC) and Ethereum (ETH) through its U.S. spot exchange-traded funds (ETFs) during the trading week ending July 10. The asset manager’s spot Bitcoin ETF, IBIT, recorded net inflows of $291.9 million over the five days, while its Ethereum ETFs, ETHA and ETHB, posted combined net inflows of […]
An infamous proposal to purge non-financial data from the Bitcoin blockchain is heading toward a hard deadline in early August, and the initial support it has gathered from miners is less than 1% so far – a signal of outsized opposition despite the immense social chatter around the topic. BIP-110, formally titled the Reduced Data […]
Bitcoin held near $63,800 on Saturday after the U.S. launched its third round of strikes on Iran this week and Tehran declared the Strait of Hormuz closed “until further notice.” The largest cryptocurrency was down 0.3% over 24 hours and up 2% on the week. Vessel-tracking data showed some traffic around the Strait of Hormuz […]
At press time, Bitcoin [$BTC] was trading at $64,099.20, indicating a recovery from the decline below the $60k mark, but there are still concerns lingering. CoinShares’ Head of Research, James Butterfill, in his recent report, emphasized the three-front headwind facing Bitcoin. One of the main issues, according to Butterfill, is the shaky ceasefire between Iran […]
Why Saylor’s Bitcoin Strategy Has Created Market Uncertainty Strategy Inc.’s shift in its bitcoin approach has raised questions about the company’s next phase. Instead of expanding bitcoin reserves through debt and equity issuance, the company is repositioning holdings as collateral for financial products, Standard Chartered’s global head of digital assets research, Geoffrey Kendrick, explained on […]
Real Vision Chief Crypto Analyst Jamie Coutts said that Bitcoin may be approaching the final stages of its current bear market, but the downturn is not yet technically over. According to Coutts, some signals emerging from long-term indicators suggest that selling pressure and negative momentum are beginning to weaken. The Bitcoin price is trading approximately […]
Benjamin Cowen, a well-known data analyst in the cryptocurrency market, issued critical warnings to Bitcoin (BTC) investors. Cowen, noting the similarity between current market dynamics and past major bear markets, said, “History is repeating itself,” and warned investors for the coming months. Cowen noted that the current cycle in the Bitcoin market bears an eerily […]