Daily Bitcoin News
World Gold Council CEO David Tait says bitcoin is headed for zero because the supposed hedge keeps showing up as high-beta risk when markets turn ugly. Tait made the call in a Consensus Miami interview with David Lin, posted on Youtube later that month, and has recently gone viral on social media. It is circulating [ ]
Michael Saylor said Strategy s STRC preferred stock gained 9% over one year while bitcoin lost 47%. The chart leaves out the company s common stock, which closed roughly 76% below its level a year earlier. STRC Outperforms as Bitcoin Declines STRC outpaced bitcoin by 56 percentage points over the past year, according to a one-year return [ ]
This editorial is from this week’s edition of the newsletter Week in Review, sent to subscribers on Friday. Subscribe to the newsletter to get this weekly editorial the second it’s finished. The newsletter also includes the biggest stories of the week, with a comment on each story. Bitcoin traded flat this week while everything else [ ]
Grayscale projects Ethereum s annual supply inflation could shrink to roughly 0.4% and Solana s to 1.1% by 2031 if two pending network proposals pass, pushing both issuance rates below gold s roughly 1.8% annual supply growth. Two Networks, One Scarcity Bet Ethereum and Solana are each weighing tokenomics overhauls that, according to a new Grayscale research note, [ ]
Storm pointed out the flawed logic behind the case against him and Tornado Cash, stressing that Google and OpenAI would be liable as their products are being used by North Korean operatives to fund the country s nuclear program. Roman Storm Points at Google and OpenAI as North Korea s Enablers Roman Storm, founder of the anonymizing [ ]
The survey, which involved 8,205 companies across the European Union, found that only 0.2% accepted cryptocurrencies for online payments. Acceptance of digital assets rose to 1% at physical points of sale. 92% of companies with physical points of sale accept cash, making it the most widely accepted payment method in Europe. ECB Use of Cash [ ]
While the Paraguayan police are still investigating the facts surrounding the death of the $2 billion crypto investor, the results of the autopsy and some statements from Jade Park building workers might offer an insight into what really transpired on August 7. No Foul Play? Police Probe Harry Yeh s 30th Floor Death Dive The [ ]
In fiscal 2017, 167 lottery prizes worth $1 million or more went unclaimed, part of $2.89 billion in winnings that expired nationwide in the 12 months ending June 2017. The biggest known miss was a $77.1 million Powerball ticket bought in Tallapoosa, Georgia, on June 29, 2011, that expired after the state’s 180-day claim window. [ ]
Three months ago, we examined how public bitcoin miners were beginning to dismantle or repurpose mining fleets for AI and high-performance computing infrastructure. This article first appeared in Miner Weekly, a weekly newsletter by Blocks Bridge Consulting, curating the latest news in energy, bitcoin, and AI compute from The Energy Mag. Subscribe to receive it [ ]
Bitcoin has already produced about 20.07 million BTC since it launched in January 2009. At block height 962570, roughly 929,465 bitcoin remain under the 21 million cap, but they will not hit the market anytime soon. The easy years of new bitcoin issuance are long over. What remains is an extended, slow wind-down that will [ ]
U.S. traders could gain access to bitcoin and ether funds designed to deliver three times each asset s daily performance under a Cboe proposal covering six leveraged commodity products. The SEC initially has 45 days from Federal Register publication to approve, reject, or begin proceedings. Six Funds Tied to One Day of Price Action Traders in [ ]
Binance will stop processing transactions involving 16 crypto platforms following regulatory developments. Transfers attempted after the applicable deadlines may undergo compliance reviews and trigger temporary restrictions on affected wallets. Binance Sets Three Deadlines for Transaction Restrictions Transactions involving 16 crypto-asset service providers will no longer be processed through…
XRP Ledger activity climbed to its strongest level in more than two months as bearish social commentary reached a three-month extreme. The divergence shows heavier network participation even as weak price action continues to pressure investor sentiment. XRP Activity Rises as Sentiment Turns Sharply Negative XRP Ledger activity jumped to a two-month high on Aug. [ ]