Jimmy Song explains why Bitcoin needs a ‘conservative’ node client

The Bitcoin (BTC) network needs a “conservative” Bitcoin client node software implementation to preserve its monetary properties and strengthen network decentralization, according to Jimmy Song, co-founder of ProductionReady, a non-profit organization funding open source Bitcoin node software development and education. The organization has a “bias” against significant code changes, unless there is “overwhelming” community support […]

Bitcoin Price Eyes $70K as RVTS Signals Historic Network Weakness

The pioneer cryptocurrency Bitcoin remained silent on Saturday, March 4th, as its price traded around $67,000. Such low volatility trading is common over the weekend, as institutional investors from traditional markets are offline. However, the latest on-chain data indicate that Bitcoin’s network utilization has plunged to its level since recorded, which analysts predict as a […]

A Major Discrepancy in Bitcoin Data: Over $1 Billion Inflows into BTC ETFs During a Period of Extreme Fear!

A recent report published by the cryptocurrency analysis platform CryptoQuant points to a notable divergence in the Bitcoin market. According to the analysis, Bitcoin demand has contracted internally due to sales by both individual investors and large wallet holders, resulting in a significant mismatch between market sentiment and capital flows. The report noted that despite […]