David Bailey, the founder of Nakamoto, said yesterday that the BIP-110 proposal will not be moving forward anymore, just weeks before it was set to go live. He made the announcement on X, where he called the failed soft fork “incredibly bullish for Bitcoin” and described the campaign behind its cancellation as a “hostile takeover […]
Strategy founder and chairman Michael Saylor has raised expectations that the company may announce a new update regarding its Bitcoin holdings with a recent social media post. In his latest post, Saylor included purchase chart data and stated, “Bitcoin is digital energy.” Based on past posts, Strategy is known to typically issue official statements regarding […]
A cryptocurrency trader has turned roughly $750 into more than $270,000 in less than two days after an early position in the CZ memecoin surged more than 35,700%. The anonymous wallet, identified as 0xf3498683bead7f8d7f0278d1d39d09fe341fddee, purchased approximately 5.1 million CZ tokens through three transactions totaling $754.49. According to the latest on-chain data retrieved by Finbold from […]
Bitcoin climbed above $63,000 in U.S. morning hours Saturday, up 1.4% over 24 hours and 3.6% on the week, per CoinDesk data, its highest in two weeks and a full reversal of the losses that closed out June. $XRP led the day’s majors, up 5.3% to $1.18 and nearly 10% on the week, a move […]
The controversial Bitcoin soft fork aimed at combating network spam, BIP-110, has failed to garner enough support from miners. As of 4th July, the final day for miners (miner-activated soft fork, MASF) to implement the temporary upgrade, the support was surprisingly negligible. Notably, only 10 blocks out of 2,016 supported the move, or less than […]
After an extended decline, Bitcoin is beginning to stabilize, but macroeconomic factors are still preventing a long-term rebound. CoinShares reports that the rebound was brought on by a June U.S. nonfarm payrolls report that was weaker than anticipated, adding only 57,000 jobs as opposed to 115,000. This was a lot less than the 129,000 gain […]
Chinese crypto analyst Murphy stated that the current recovery in Bitcoin should be considered a “weak rebound,” and that the short-term target range is between $64,000 and $68,000. According to the analyst, the $70,000 level stands out as the ceiling for a short-term rebound within a bear market. According to Murphy’s assessment, the average cost […]
Grayscale Research Head Zach Pandl argued that Bitcoin’s ($BTC) current price levels could be a good, even “exceptional,” entry point for investors under certain conditions. According to Pandl, whether Bitcoin’s current levels are attractive depends on three key variables: the Fed’s interest rate policy, the CLARITY Act regulation for crypto markets in the US, and […]