Adam Back, CEO of Blockstream, disputes claims that Satoshi Nakamoto definitively supported bigger Bitcoin blocks, arguing that Satoshi's statements on scaling were contradictory and sometimes incorrect. Back highlights that Satoshi himself warned about the limits of scaling on-chain and suggested reliance on specialists and second-layer solutions. He urges developers to move beyond old forum posts and reason from first principles to guide Bitcoin's future. This debate is significant as it influences Bitcoin's development direction amid market volatility and differing visions for scaling and governance.
The gap between diesel prices and crude oil costs, known as the "crack spread," has hit a record $102.20 per barrel due to global supply disruptions from conflicts in Iran and Ukraine and peak seasonal demand. This surge is expected to drive up food ...
Bitcoin is trading around $64,162, showing strong buyer control and breaking key downtrend lines. The price is consolidating between $61.8K and $67.3K, with a critical resistance zone at $65K that could confirm a bullish breakout if surpassed. Techni...
Bitcoin paused around $64,000 after a rally from $62,600, slipping 0.6% amid a broader market pullback driven by rising U.S. Treasury yields and oil prices, which rose to $94 per barrel after a U.S.-Iran ceasefire expired. The Federal Reserve's July ...
Bitcoin's funding rates for derivatives have reached their highest level in 20 months, indicating traders are increasingly taking leveraged long positions despite Bitcoin's price hovering around $64,000. This rise in funding rates reflects strong bul...
Bitcoin's price rose above $64,000 after buyers defended the crucial $63,300 support level, signaling a potential move toward $65,000 if the recovery holds. Despite this bounce, Bitcoin's implied volatility is at the lowest 2% of its historical range...
