Foundry Digital, a leading Bitcoin mining pool operator, is allowing its clients to vote on Bitcoin Improvement Proposal 110 (BIP-110), which aims to temporarily restrict non-monetary data on the Bitcoin blockchain through a soft fork. Miners can vote using their hashrate, with Foundry signaling "No" until "Yes" votes exceed 51%. The proposal seeks to limit arbitrary data in transactions to keep Bitcoin focused on peer-to-peer money, but it faces opposition from notable industry figures who argue it could invalidate fee-paying transactions. The voting period runs through early August, with Foundry controlling about a third of the network's hashrate, making its position influential in the outcome.
Ethereum price recovered from about $2,370 to above $2,520 within 24 hours, rising nearly 6%. The rebound coincided with a broader crypto rally and easing expectations for US interest rate hikes. However, ETH faces strong resistance near $2,550, a le...
Cardano founder Charles Hoskinson outlined a vision for the crypto market's next phase, called Web 2.5, at Coinfest Asia. He highlighted the need to merge traditional finance with crypto assets through four pillars: privacy with compliance, selective...
Research firm River projects Bitcoin's price could soar to between $250,000 and $840,000 within three to five years if 20%-40% of global investment portfolios allocate 2%-4% to Bitcoin. Currently, only about 4% of the global population owns Bitcoin, ...
Bitcoin and Ethereum are expected to see a strong fourth quarter with Bitcoin potentially reaching $150,000, according to Fundstrat's Tom Lee. He believes the crypto market turbulence from earlier in the year has ended, with key catalysts aligning fo...
Bitcoin surged 6.8% to $82,200, its highest level since May, following dovish comments from Federal Reserve Governor Christopher Waller that reduced expectations of a September rate hike. This shift weakened the US dollar and boosted risk assets, lif...
