Bitcoin Financial News

Bitcoin (BTC) miners now own more BTC than at any time in history as the impact of the past months' turbulence wears off.

The cryptocurrency space is expected to reach 1 billion users in 2030. While some have been known to make a fortune off of it, others have ruined their finances, chasing similar results, going as far as getting credit to buy crypto by putting up valuable assets, including their homes, as collateral.

Blockchain developers have maintained their contributions to Web3 communities despite the latest market downturn, with Ethereum (ETH) leading the way as the strongest and largest community, according to a recent report by VC investment firm Telstra Ventures.

The search for such a solution is as "old as international commerce and the implied need to pay," but could be found within the next 10 years.The ECB explores several options for achieving this, including correspondent banking, emerging fintech services, bitcoin, stablecoins, the interlinking of domestic payment systems, and CBDCs.The paper concludes that interlinking domestic systems and CBDCs, both interlinked cross-border through an FX conversion layer, are the most promising avenues.Listing the benefits, the authors write: "(i) technical feasibility; (ii) relative simplicity in their architecture; and (iii) maintaining a competitive and open architecture by avoiding the dominance of a small number of market participants who would eventually exploit their market power.

Dollars at the click of a button on the Lightning Network could soon become a reality. An innovation from Galoy, the provider of open source core banking platforms such as Bitcoin (BTC) Beach wallet, could provide safe haven from the volatility of BTC.

The exploit took place due to a smart contract vulnerability that saw hundreds of users other than the hacker also get involved, taking away as much as they can by simply copy-pasting the transaction data used by the initial hacker and changing the wallet address to theirs. The event was later deemed as a decentralized robbery by many due to the involvement of normal community members.

The European Union’s securities regulator continues to strengthen its focus on cryptocurrency regulation, initiating a move to implement increased scrutiny of crypto transactions.

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The crypto market continued fluctuating this week. Consequently, the global crypto market capital noted just a 1.71% increase over the last day to reach $1.07 trillion, at the time of writing. Bitcoin followed suit with a 0.82% gain in the last 24-hour of press time.

The ability to save up is an essential tool for self-regulation and planning for the future, but when inflation becomes uncontrollable, those who put in their efforts to delay gratification get punished for their choice. On the other hand, Bitcoin (BTC) does the opposite, according to clinical psychologist Jordan Peterson. 

Michael Saylor, the CEO of MicroStrategy corporation and one of the biggest Bitcoin advocates, has handed over his CEO role to his deputy personnel.  

Mainstream tokens, including bitcoin and ether, remain locked, but all Solana (SOL) tokens will be credited to investors' trading wallets, Zipmex's official statement wrote on Tuesday.

The number of Bitcoin is becoming rare as only 9% is left to be mined for the next century, according to data from the Clark Moddy Bitcoin's dashboard.

The bitcoin (BTC)-keen American software firm MicroStrategy could pivot even further toward BTC – despite the announcement that its co-founder Michael Saylor will step down as CEO on August 8.

crypto market as major digital tokens reported their best performance in the last month. For the month of July, Bitcoin rose about 25 per cent hitting the $24,000 mark, whereas Ethereum rallied close to 55 per cent, changing hands around $1,700. Other top tokens including Cardano, Solana, Polkadot, Polygone, Dogecoin and Shiba Inu made a quick recovery to lift the total market capitalization of the crypto market over the $1 trillion mark.

Despite crypto market turbulence, active contributors across Bitcoin, Ethereum, and Solana’s top projects have increased by an average of 71.6% per year since January 2018, according to a new report.

United Kingdom Bitcoin (BTC) payments adoption just recruited a new player. Oxford City Football Club looks to become the first National League football club to accept matchday payments in BTC when the season kicks off on Aug. 6.

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WASHINGTON — Leaders of a Senate committee are set to propose legislation that would assign oversight of the two largest cryptocurrencies, bitcoin and ether, to the federal agency that regulates milk futures and interest-rate swaps.

MicroStrategy CEO Michael Saylor said he would step down from the top job next week and assume the role of executive chairman, as his company reported a loss of $1.06bn in the second quarter.

Bitcoin, the largest cryptocurrency has rallied strongly off the bottom, reaching above the $23k mark. So does this imply the beginning of the bull market?