Whether bitcoin $BTC$65,029.32 works better as a store of value or a payments mechanism can be debated. But one of its core appeals, its radically free-market, permissionless design, is not. The BIP-110 saga put that design on full display. The Bitcoin Improvement Proposal (BIP)-110 started as a proposal to limit non-financial data such as Ordinals
H100 Group completed its previously announced acquisition of NSD AS on Aug. 10, adding 2,455.37 Bitcoin and lifting its total treasury to 3,506.4 $BTC. The Stockholm listed company paid no cash for the transaction, instead issuing shares to the sellers under a Bitcoin for Bitcoin valuation structure, according to its official release. The acquired Bitcoin
Blockchain tracking platform Onchain Lens reported that FalconX, a major cryptocurrency trading and custody firm, deposited 120 Bitcoin ($BTC) — valued at approximately $7.82 million — into Coinbase, one of the world’s largest cryptocurrency exchanges. The transaction occurred just 24 minutes before the report, according to the firm’s monitoring data. Large transfers from institutional platforms
Bitcoin’s $BTC$64,959.26 price has stopped falling in recent weeks, and while it looks as though options traders aren’t expecting any big moves in either direction in the next few weeks, protection against declines is still not cheap. The bitcoin price has held between $62,000 and $66,000 since early July. Over the weekend, Volmex’s BVIV index,
Hedge funds trading bitcoin BTC$65,166.03 futures on the Chicago Mercantile Exchange have turned net long, according to Ki Young Ju, CEO of blockchain data analytics firm CryptoQuant. The rare positioning shift suggests professional traders are increasingly betting on bitcoin prices rising. “Hedge funds on CME have flipped net long on bitcoin futures, a rare shift
Empire Digital, one of the companies that places Bitcoin at the center of its treasury strategy, has made a significant change to its reserves. According to the company’s latest quarterly report, Empire Digital sold a total of 1,635 $BTC for $102.2 million between July 1 and August 6. Following the sales, the total amount of
A renewed dispute among prominent Bitcoin voices has reopened a question that has followed the network since its major 2017 splits. The argument is not whether the protocol changed. Several upgrades have altered transaction handling, scripting, and validation without replacing its mining algorithm. Instead, the dispute concerns which changes preserve Bitcoin’s identity and which create
What Hayes Thinks the AI Buildout Really Is Arthur Hayes, co-founder of Bitmex and chief investment officer at Maelstrom, argues that the multitrillion-dollar artificial intelligence infrastructure boom resembles a real estate credit bubble rather than a traditional technology expansion. In an essay titled “Situationship,” published on Aug. 4, Hayes compared data center financing to the
The BIP-110 chain split from Bitcoin after mandatory signaling began at block 961632 on Aug. 8. Nodes enforcing BIP-110 began rejecting blocks that did not signal support for the proposal, while the dominant Bitcoin chain continued operating under its existing consensus rules. Roughnecks, using Ocean’s DATUM system, mined BIP-110 blocks 961632 and 961633, but the
Robin Brooks is once again challenging Bitcoin’s credentials as a safe-haven asset. He has argued that its performance during the so-called “debasement trade” shows that it has failed to behave like digital gold. The senior fellow at the Brookings Institution said Bitcoin “isn’t part of the debasement trade.” According to Brooks, Bitcoin has “consistently underperformed