“Bitcoin: Electronic Peer-to-Peer Cash.” It’s right there in the title of Satoshi Nakamoto’s Bitcoin white paper from 2008. So, it makes sense a rather vocal contingent of the Bitcoin Community waves the banner that Bitcoin should be cash. One of the main critiques of bitcoin is that in times of high transaction volume transaction fees go out of control and transactions take longer. There have been hotly contested and divisive debates over how to make Bitcoin the electronic peer-to-peer cash and not the digital gold it has become since it was unleashed onto the world in January 2009. The Bitco ..read more

Ohio State University’s 2024 Spring Commencement took an unexpected turn when keynote speaker Chris Pan, a 1999 OSU alum and founder of the online jewelry retailer MyIntent, faced a chorus of boos after discussing Bitcoin in his address to over 12,000 graduates and their families. TLDR Ohio State University’s 2024 commencement speaker, Chris Pan, faced boos from the audience after discussing Bitcoin in his speech. Pan, a 1999 OSU alum and founder of MyIntent, admitted to using ayahuasca, a psychedelic, to help write his speech. The speech included awkward moments, such as leading the audience ..read more

As Bitcoin continues to navigate the ever-changing landscape of the cryptocurrency market, traders and analysts are closely monitoring key indicators to gauge the potential for future price movements. Recent developments suggest that the world’s largest cryptocurrency may be on the verge of a significant upward trend, despite some mixed signals. TLDR Two key Bitcoin trading indicators, the funding rate and three-month annualized basis rate, suggest that the price may be poised for an upward move. The Bitcoin 200-day moving average has reached an all-time high, indicating a potentially bullish ..read more

The tide may be turning for Bitcoin exchange-traded funds (ETFs) after a challenging few weeks marked by outflows and waning investor interest. On Friday, every single Bitcoin ETF experienced positive cash flow for the first time ever, signaling a potential shift in sentiment among traditional investors. TLD|R Bitcoin exchange-traded funds (ETFs) saw a turnaround on Friday, with every fund experiencing positive cash flow for the first time ever. The unanimous turnaround was due to investors plugging more cash into Grayscale’s Bitcoin Trust (GBTC) than was pulled out of it since it became an E ..read more

The recent resurgence in Bitcoin’s price has sparked renewed optimism among options traders, with many now anticipating the possibility of the cryptocurrency reaching the $100,000 mark later this year. The leading cryptocurrency has risen over 12% to $63,470 since Federal Reserve Chairman Jerome Powell ruled out additional tightening or rate hikes last Wednesday, and the disappointing U.S. nonfarm payrolls data on Friday further validated Powell’s stance, accelerating Bitcoin’s recovery. TLDR Bitcoin’s price surge has led to increased demand for out-of-the-money call options, with traders ant ..read more

Cathie Wood, the founder and CEO of ARK Invest, who has made a bold prediction: Bitcoin could reach $1 million within the next five years. TLDR Bitcoin’s price rallied from around $40,000 to over $70,000 in one quarter, largely driven by positive inflows into Bitcoin ETFs. Despite significant selling by Grayscale’s Bitcoin Trust (GBTC), other ETFs saw net inflows. After a prolonged period of outflows, GBTC recorded its first day of net positive inflows on May 3rd, 2024, seeing $63 million come in. This bullish momentum shift could propel Bitcoin’s price higher, potentially to the $52-54k rang ..read more

The Bitcoin network has reached a significant milestone, processing over 1 billion transactions since its inception in January 2009. The milestone was achieved on May 5, 2024, at 9:34 pm UTC, when transaction 1,000,000,000 was processed in block 842,241, according to data from Clark Moody’s Bitcoin dashboard. TLDR Bitcoin has processed over 1 billion transactions in its 15-year history, achieving the milestone on May 5, 2024. The network has processed an average of 178,475 daily transactions since its inception. Ethereum, Bitcoin’s main rival, has already processed well over 2 billion transac ..read more

Bitcoin has staged an impressive comeback after a challenging start to the month, with the cryptocurrency rebounding from a drop to $56,500 last week to currently trade above $65,000. This recovery has been driven by a combination of factors, including a weakening U.S. dollar and increased speculation over potential interest rate cuts by the Federal Reserve. TLDR Bitcoin has recovered from last week’s drop to $56,500, currently trading above $65,000. Analysts at Bernstein reiterated their prediction that Bitcoin will reach $150,000 by the end of 2025, citing healthy market metrics. The recent ..read more

A Bitcoin wallet containing 687 BTC (worth $43.9 million at current prices) has been reactivated after 10.3 years of dormancy. The wallet, which dates back to the Satoshi era when Bitcoin’s pseudonymous founder was still active online, transferred its holdings to two different addresses on May 6, 2024. TLDR A dormant Bitcoin address from the Satoshi era, containing 687 BTC (worth $43.9 million), has been reactivated after 10.3 years of inactivity. The funds were transferred to two different wallets, with 625.43 BTC going to one address and 61.9 BTC to another. According to Chainalysis, there ..read more

Business intelligence company MicroStrategy, known as one of the largest Bitcoin holders, has unveiled MicroStrategy Orange, a decentralized identity (DID) protocol powered by the Bitcoin blockchain and inspired by inscription technology like Ordinals. The latest development could show that MicroStrategy is supporting the concept of Bitcoin Ordinals. Michael Saylor, MicroStrategy co-founder and Executive Chairman, shared the company’s new developments during his presentation at the annual MicroStrategy World conference in Las Vegas today. More Ways to Use Bitcoin The idea is to use inscription ..read more