Bitcoin (BTC)

With the Bitcoin (BTC) network’s programmability and scalability still relatively limited compared to other blockchains, developers continue mulling over ways to push the protocol’s capabilities to its limits. One hotly debated idea comes from BIP 300 and BIP 301 – aka “Drivechains” – a soft fork proposal to allow Bitcoin to effectively scale through sidechains. In a blog post on Monday, analysts from BitMEX explored the benefits and tradeoffs of the proposal. BIP 300:...

Bitcoin continues to trade sideways, and the past 24 hours didn’t bring any deviation from the tight range between $29,000 and $29,500. Most altcoins are also quiet on Sunday, similar to how they performed on Saturday, except for RUNE and TON. BTC Boring at $29K The past few weeks went in a rather uneventful fashion for the typically more volatile crypto asset. This past Monday saw some movements as BTC dipped below $29,000 to mark a weekly low. However, it went on the...

While bitcoin has undoubtedly garnered huge legions of fans over the years, there are several individuals that still fall into the “hater” category. People like Warren Buffett and Charlie Munger check the “hater” box when it comes to bitcoin sentiment, and now, Ratan Tata – one of the world’s wealthiest people – is going to join them. Ratan Tata Doesn’t Hold Any Ties to Crypto Tata recently gave an interview about why he doesn’t care for bitcoin and why he doesn’t...

A group of lawmakers in Canada is calling for full-on regulation of the crypto industry. Will Canada Regulate Crypto? In a recent report, the lawmakers wrote: While many emphasized Canada’s strong regulatory safeguards, such as provincial securities regulation and federal anti-money laundering and anti-terrorism financing obligations, witnesses stated that governments need to partner with industry to better understand this rapidly evolving sector and enact...

Nansen – a blockchain market intelligence firm – released a report on Tuesday analyzing how the earliest whales to onboard Coinbase’s layer 2 blockchain – Base – are using their money. Here’s what the company found. Early whales largely allocated to Ethereum and its layer 2 networks. As of August 7, the most value held by these whales ($19.6 million) was on Ethereum itself, followed by Base ($17.6 million), Arbitrum, and Optimism. Regarding tokens, ETH was the most common...

Bitcoin’s price performance continues to be rather underwhelming, with the asset remaining at essentially the same spot as yesterday at just over $29,000. Most altcoins are also quite stagnant today, with little-to-no movements from ETH, BNB, XRP, and others. Shiba Inu is the only exception from the larger caps. SHIB, APE, PEPE on the Rise Shiba Inu’s largest digital asset – SHIB – has been among the best performers lately, gaining double digits in the past week, as...

The Securities and Exchange Commission (SEC) has filed to postpone its decision on whether to approve or deny the Ark 21Shares Bitcoin ETF for listing on BZX. This marks the agency’s first delay on the latest wave of Bitcoin spot ETF applications, possibly indicating a similar short-term fate for rival applicants. Questions For the Public In its Friday letter, the SEC said it seeks public comment on BZX’s application, which would list the very first Bitcoin spot ETF on a...

Tom Lee of Fundstrat fame is at it again. This time, he’s commenting in a recent interview that the price of bitcoin could reach a whopping $200,000 in the next few years, though he didn’t give a specific date this time around. Tom Lee: BTC is Going to $200K In the discussion, Lee said he’s been following Cathie Wood. Not long ago, the main madam behind Ark Invest said she thinks bitcoin could reach a price that surpasses the million-dollar mark in the next seven...

CoinspeakerBinance Pursues Regulatory Approval in Taiwan via AML Registration Binance is expanding its presence in Asia. The reports about its potential entrance into Taiwan come after the company re-entered the Japanese market last year. Binance Pursues Regulatory Approval in Taiwan via AML Registration

Wyoming, despite its lack of a population, has been on a mission to become one of the most – if not the most – crypto-friendly regions known to man, and thus far, it’s succeeding. Wyoming Still Loves Crypto Over the past seven years, Wyoming has passed more than 30 crypto-based laws designed to regulate the industry, grow innovation, and make things safer. Steve Lupien – director of the Center for Blockchain and Digital Innovation at the University of Wyoming –...