Michael Saylor, co-founder of Strategy, criticizes Bitcoin Improvement Proposal 110 (BIP-110), which aims to temporarily limit arbitrary data on the Bitcoin blockchain to reduce 'spam.' He argues this change threatens Bitcoin's neutrality, could cause network splits by lowering miner approval thresholds, and might stifle innovation and miner incentives. Saylor suggests market-based fees and relay policies are better solutions to manage data without altering Bitcoin's core consensus rules. His stance highlights concerns over maintaining Bitcoin as an open, permissionless financial system without censorship.
The crypto market sentiment has shifted from prolonged fear to greed, with Bitcoin rallying above $80,000 and the Crypto Fear and Greed Index reaching 68. This shift was influenced by factors such as a White House meeting supporting crypto legislatio...
Metaplanet, a major Bitcoin miner and treasury firm, transferred $237 million worth of Bitcoin to Coinbase Prime, signaling a potential sell-off amid a broader crypto market slowdown. This move has raised speculation that Metaplanet may be securing p...
Bitcoin has regained several important technical levels that typically mark the end of bear markets, including the $67,000 local structure and the 1D 200 SMA and EMA. Analyst Skyodelic notes Bitcoin has completed 80% of the data needed to confirm the...
Grayscale highlights that the US public debt exceeding $40 trillion could weaken confidence in fiat currencies, increasing interest in cryptocurrencies like Bitcoin, Ethereum, and Zcash as alternative stores of value. The Treasury's expanded long-ter...
Bitcoin's price fell about 2.5% to around $77,588 following Federal Reserve Chair Kevin Warsh's hawkish keynote at the Jackson Hole Economic Policy Symposium, which increased expectations for a rate hike. This speech ended a nine-day streak of inflow...
