Bitcoin’s developer community has spent several months singing the praises of OP_CAT – a proposed soft fork change that many believe is Bitcoin’s next evolution. BitVM creator Robin Linus has his reservations, however, publishing an article on Thursday debunking perceived misconceptions about the widely touted change. Is OP_CAT the Future of Bitcoin? The developer’s post – titled “Prevent the CATastrophe” – argued that OP_CAT can introduce risks to Bitcoin that proponents...
Read More »Spot Bitcoin ETFs Record $39.4M Inflows as Ether ETFs Decline
According to data from Soso value, Grayscale’s Bitcoin Mini Trust contributed the bulk of the total amount with $14.2 million in net inflows. It is closely followed by Fidelity’s FBTC and Bitwise’s BITB, with $10.7 million and $10 million in inflows, respectively. BlackRock’s IBIT, which is the largest spot Bitcoin ETF by net assets, recorded $8.4 million in inflows, while Franklin Templeton’s EZBC and Invesco Galaxy’s BTCO received inflows of $3.5 million and $2.5 million,...
Read More »Auto DraftSpot Bitcoin ETFs See Inflows Jump by 223% Amid Market OptimismAuto Draft
In a remarkable turn of events, Spot Bitcoin ETFs are witnessing a staggering 223% increase in inflows, a clear signal of growing market confidence. Amid this surge, ETFSwap (ETFS) emerges as a beacon of security, providing a trusted platform where investors can trade Spot Bitcoin ETFs thereby navigate the volatile waters of cryptocurrency with peace of mind. Spot Bitcoin ETFs See 223% Surge In Inflows Amidst Market Volatility Fidelity topped the way for the second day in a row as...
Read More »Bitcoin Futures Open Interest Rises by $1.3 Billion Following Fed’s Dovish Minutes
On August 22, Bitcoin futures experienced a substantial increase in open interest (OI) following the release of the U.S. Federal Reserve’s minutes from its July meeting. The OI reached $31.92 billion, marking an increase of $1.26 billion in 12 hours. Open interest is the total number of futures and options contracts traded but not yet closed out. Higher OI suggests that traders are more confident about Bitcoin’s price direction, in this case, they expect the Bitcoin price to rise. However,...
Read More »Italy’s Banca Sella offers Bitcoin trading to its users
Banca Sella, one of Italy’s oldest and most respected banks, has announced plans to offer Bitcoin trading to its customers via its mobile application Hype The Hype platform was developed in 2021 as a joint effort between Banca Sella Holding and Illimity Bank. Using Hype, Italian users can trade Bitcoin without going through exchanges. To ensure safe trading with no trouble, Banca Sella has restrictions on yearly bitcoin trades for its customers. With “Hype Start” status, users can transact as...
Read More »Babylon to Launch Self-Custodial Bitcoin Staking Mainnet in Two Days
Babylon, a blockchain developer, is set to launch its self-custodial Bitcoin staking mainnet in just two days as part of a phased rollout. This launch is designed to leverage Bitcoin’s economic properties to strengthen the security frameworks of proof-of-stake (PoS) blockchains. It offers a new level of security for decentralized systems. The most fundamental aspect of this new system is that the user can stake his or her Bitcoin via a smart contract. This self-custodial model can ensure...
Read More »Bitcoin (BTC) Price Signals Potential Rally to $70K Fueled by Rising Demand from Institutional Investors
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Read More »Brazilian Regulator Grants Approval for Second Solana ETF in the Country
The Brazilian Securities and Exchange Commission (CVM) has greenlighted a second Solana exchange-traded fund (ETF) weeks after it approved its first one on August 8. According to the CVM’s central database, the product will be launched by Hashdex, an asset manager based in Brazil, in collaboration with the local investment bank BTG Pactual. Brazil’s Second Solana ETF However, the newly approved Solana ETF remains in a pre-operational phase. Hashdex manages over $962 million...
Read More »Trump Trade: Bitcoin Pops 4% On Rumors Of Upcoming RFK Dropout
Bitcoin surged by 4% back to $61,550 on Wednesday as speculation grew that Robert F. Kennedy Jr. may soon exit the 2024 U.S. Presidential race to endorse Donald Trump. The news has re-established Trump as a betting favorite to win the November election, which is thought by analysts to have major implications for Bitcoin’s short-term price movements. As reported by ABC News, RFK Jr. will drop out by the end of the week, with sources saying he will endorse Trump. When contacted...
Read More »Les illusions du FMI sur la taxation du minage
Dans un article publié le 15 août dernier sur le blog du Fonds Monétaire International, Shafik Hebous et Nate Vernon-Lin appellent candidement à la création d’une taxe mondiale sur le minage de bitcoin. À travers cette taxe, le FMI espère inciter les mineurs à adopter des pratiques plus durables tout en générant des recettes fiscales supplémentaires pour les États. « Le système fiscal est un moyen d’inciter les entreprises à réduire...
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