Category: Bitcoin

Bitcoin

Argentina Passes “Bitcoin Usable for Commercial Settlements,” Crypto-Enthusiast President Vows to Build Crypto Paradise

Incoming Argentine President Javier Milei once again demonstrated his determination to shut down the Central Bank of Argentina (BCRA) on the X platform, stating that it is a non-negotiable matter. He also mentioned ongoing discussions with the International Monetary Fund (IMF) regarding Argentina’s fiscal adjustment plan and monetary policy in search of solutions to address the country’s economic woes.

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DEMAND launches Bitcoin Stratum V2 mining pool for enhanced mining.

DEMAND announced its unique mining pool built on the open-source Stratum Reference Implementation (SRI), aiming to decentralize bitcoin mining and enhance security. The launch introduces valuable tools and opportunities for solo miners, allowing them to compete against the network and earn block rewards and transaction fees. Plans for pooled mining options are also underway to further support decentralization.

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US Court Officially Confiscates Nearly 70,000 BTC from the Silk Road Case, Adding to the National Treasury

The US court has ordered the confiscation of 69,370 bitcoins and other cryptocurrencies linked to the infamous Silk Road. A mysterious individual known as “X” assisted in seizing these funds, now under US government control. The dark web marketplace, Silk Road, founded by Ross Ulbricht, facilitated illegal transactions and has resulted in significant cryptocurrency forfeiture.

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How many of the top 10 tokens by Bitcoin ecosystem market capitalization do you own?

The Bitcoin ecosystem is witnessing competition and development in tokenization technology and the BTC ecosystem. SATS, a BRC-20 token, has gained popularity, while STX, a Layer 2 platform, introduced sBTC to enhance security. Additionally, ORDIs astronomical surge in value after listing on Binance highlights the market’s interest. Various other tokens and protocols, such as RATS, ATOM, MUBI, ALEX, RIF, PIPE, TRAC, and STAMPS, are also making significant strides within the Bitcoin ecosystem.

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Crypto

BlackRock Makes Amendments to Spot Bitcoin ETF Proposal in Anticipation of SEC Approval

BlackRock submitted a revised proposal for a bitcoin ETF to align with SEC preferences, incorporating cash creation/redemption mechanisms. The move aims to address SEC concerns about investor safety and market manipulation. This follows speculation that the SEC may approve spot bitcoin ETF applications in January. Other firms, including ARK 21Shares, have made similar changes in their proposals.

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The Evolution of Bitcoin: A Look Beyond Nakamoto’s White Paper

The evolution of Bitcoin has deviated from Satoshi Nakamoto’s original vision, with mining centralization and technological advancements altering its mechanics. Improvement proposals like P2SH, SegWit, and Taproot have enhanced usability and scalability. The trading market has grown complex, with traditional investment instruments and DeFi impacting Bitcoin’s ecosystem, expanding its use beyond Nakamoto’s vision.

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Bitcoin

The share of decentralized finance (DeFi) in the cryptocurrency market witnessed an 18% increase in November

In November, DeFi’s market share grew by 18%, reaching 4.44%, driven by projects like THORChain and Uniswap. Total value locked in DeFi protocols rose by 14%, expected to surpass $50 billion. Ethereum dominates with over 56% TVL share. Liquid staking hit $27 billion, largely from Lido Finance. The cryptocurrency market cap jumped from $1.28 trillion to over $1.6 trillion in December.

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