Dennis Porter, CEO of the Satoshi Action Fund, ignited a fresh fight over Bitcoin’s identity and governance on Wednesday, arguing that so-called “spam” transactions are bloating the blockchain and, over time, could open the door to protocol changes that erode its most sacrosanct guarantees. “Bloating bitcoin with spam won’t ‘kill’ bitcoin,” Porter wrote on X…
South Korean firm Dunamu, which operates crypto exchange Upbit, signed an MoU with Vietnam’s Military Bank or MB Bank to launch the nation’s first crypto exchange. The deal signed on Tuesday is a structural game-changer for Vietnam’s crypto scene, following its recent legalization of digital assets. According to the Korea Herald, the partnership will bring…
Cathie Wood’s Ark Invest has disclosed its recent purchase of a total of 2.53 million shares of Bullish across three of its exchange-traded funds (ETFs). According to the firm’s latest trade disclosure, the ARK Innovation ETF (ARKK) bought 1.7 million shares of Bullish, followed by the ARK Next Generation Internet ETF’s (ARKW) acquisition of 545,416…
Bitcoin options markets are showing a low volatility expectation, something that has actually preceded sharp price action in the past. Bitcoin Options ATM IV Has Been Going Down Recently In its latest weekly report, on-chain analytics firm Glassnode has talked about the latest trend in the Bitcoin Options At-The-Money Implied Volatility. Implied Volatility (IV) refers…
Bitcoin surged to a fresh record on Thursday, lifted by mounting expectations that the US Federal Reserve will soon ease monetary policy and bolstered by momentum from recent financial reforms. The world’s largest cryptocurrency by market value rose 3.6% to $124,457, during early Asian trading, crossing the previous peak set in July. Ether, the second-largest…
Wealth management firm Choreo today disclosed that it has invested approximately $6.5 million in various spot Bitcoin (BTC) exchange-traded funds (ETFs). Per official details, the firm manages over $27 billion in total assets. Choreo Reveals Exposure To Bitcoin ETF According to a new filing with the US Securities and Exchange Commission (SEC), Choreo LLC now…
Bitcoin has extended its upward momentum over the past week, gaining nearly 6% in that time and 1.8% in the past 24 hours. At the time of writing, BTC is trading at $120,499, maintaining its position near a key resistance zone between $119,000 and $120,000. Market data indicates that traders are watching this price area…
Bitcoin treasury firm Metaplanet has just delivered its strongest quarter ever, with revenue rising by 41% compared to the previous quarter. Metaplanet Has Seen A Sharp Flip In Net Income In a new post on X, Metaplanet has shared the numbers related to its Q2 2024 performance, revealing significant quarter-over-quarter growth in several key metrics….
Billionaire Michael Saylor, executive chairman of Strategy, has once again taken to X (formerly Twitter) to explain why shares of $MSTR trade at a premium to Bitcoin’s net asset value (NAV). In his post, Saylor attributed this advantage to four key factors: Credit Amplification, Options Advantage, Passive Flows, and Superior Institutional Access—benefits that equity and…
Bitcoin has experienced remarkable upside action since it was launched in 2009, with its price rising to an all-time high of $122,000. Despite this massive growth in price since its inception, prominent figures in the financial sector continue to advocate for an investment in Bitcoin, claiming it is still in its early stages. New Buyers…