Paul Sztorc, the developer behind the Drivechain proposal and BIP 300, announced the change in an Aug. 7 update. ECX is a new blockchain that copies Bitcoin’s full transaction history at a set block height, crediting nearly every Bitcoin holder (minus some of Satoshi’s coins) with an equal amount of ECX. Bitcoin’s own network is
For those who haven’t followed the BIP-110 fight, it is essentially a proposed change to Bitcoin’s rules that would restrict how much non-financial data, such as images or files, users can embed in the blockchain. Supporters argue the restriction would curb what they call “spam” that consumes block space and steer the protocol back toward
Bitcoin is consolidating near the mid-$60,000s as technical charts place $69,000-$70,000 as the key bullish reclaim zone and roughly $57,000 as critical downside support. A break above resistance could improve $BTC’s weekly structure, while renewed weakness toward $57,000 would strengthen the risk of a deeper bear-market move toward lower support levels. Bitcoin Repeats Prior Bear-Market
U.S. spot Bitcoin exchange-traded funds recorded approximately $1 billion in net inflows last week, marking the strongest weekly performance since April, according to data shared by Bloomberg Intelligence ETF analyst Eric Balchunas. Context and Market Reaction The inflows were spread across multiple funds, including BlackRock’s iShares Bitcoin Trust (IBIT) and Fidelity’s Wise Origin Bitcoin Fund
Bitcoin may have already seen its lowest price for this cycle, according to Nansen CEO Alex Svanevik, who told Cointelegraph that he personally does not expect $BTC to fall below $60,000 again. His view is based on Bitcoin’s growing role as a hedge against expanded central bank money issuance, a trend he believes is unlikely
On March 6, 2025, President Donald Trump signed an executive order creating the Strategic Bitcoin Reserve, and most of the attention went straight to the grand idea: America had built a digital Fort Knox, the government would stop selling Bitcoin, and Washington could perhaps add more without charging taxpayers. However, the executive order’s operative language
Bitcoin holders could lose real $BTC if they try to sell coins created by a potential BIP-110 chain split without first separating their balances. BIP-110 fork could put real Bitcoin at risk Bitcoin developer Kevin Loaec warned holders against moving coins following a possible BIP-110 chain split, citing the risk of replay attacks. ⚠️IMPORTANT⚠️In the
The largest cryptocurrency, Bitcoin, has entered a month that has often been weak for the crypto market. While prediction market Kalshi shows traders expect Bitcoin to have a better chance of crossing $67,500 in August. Crypto analyst Joao Wedson believes the market has not reached its bottom yet, suggesting more downside could still be ahead.
Bitcoin price held near $65,000 on Aug. 8, but its failure to reclaim the short-term holder cost basis left the recovery exposed to renewed selling. Bitcoin price struggles to hold above $65,000 According to data from crypto.news, Bitcoin ($BTC) price was trading near $65,015 at the time of writing after repeatedly testing the $65,000 area.