Shark Tank investor Kevin O’Leary, also known as Mr. Wonderful, has emphasized that institutional in
Shark Tank investor Kevin O’Leary, also known as Mr. Wonderful, has emphasized that institutional interest in crypto and bitcoin will remain high regardless of the U.S. Securities and Exchange Commission (SEC)’s decision on spot bitcoin exchange-traded funds (ETFs). “Even a no decision will not change the long-term potential,” he stressed.Kevin O’Leary Discusses Impact of Spot Bitcoin ETFs on Institutional Demand for CryptoKevin O’Leary, the chairman of O’Leary Ventures, has weighed in on the po
Rich Dad Poor Dad Author Robert Kiyosaki Advises Investors to Pay Attention to Bit
Robert Kiyosaki, the author of Rich Dad Poor Dad, has advised investors to closely monitor Bitcoin’s upcoming halving, emphasizing that the event is fast approaching. The famous author recently revealed that he is $1 billion in debt but does not see it as his problem. He further shared that he uses debt as money to buy assets, including bitcoin, emphasizing that he does not trust the U.S. dollar.Robert Kiyosaki Urges Investors to Pay Attention to Bitcoin HalvingThe author of Rich Dad Poor Dad, R
Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 8,000 articles for Bitcoin.com News about the disruptive protocols emerging today
One of the standout statistics from the STX20 test was the significantly lower cost of transactions on an L2 compared to Bitcoin’s main chain. The Stacks team emphasized the potential for layer two solutions like STX20 to make participating in Bitcoin’s various activities more accessible and affordable for a broader user base.
Stacks developers think that STX20 test demonstrated that Bitcoin’s L1 activity could transition to an L2 without sacrificing community engagement or compromising on the core value of security. This transition, the team highlighted, is supported by Stacks’ Nakamoto upgrade, which is set to further enhance the speed and security of its chain.
In addition to the Nakamoto upgrade, the Stacks team details that there are other developments bolstering Bitcoin’s layer two ecosystem. The bitcoin decentralized finance (defi) protocol ALEX has announced off-chain support for STX20 trading. The devs also noted that the Fastmint technology promises faster and more responsive minting of NFTs on the Stacks layer, further supporting the STX20 framework.
Just as Ethereum’s economic activity has gravitated toward layer twos for better efficiency and lower fees, Bitcoin’s Ordinals and multi-token assets can also leverage layer two solutions. Stacks developers believe the STX20 protocol represents a significant step in this direction, with a stress test conducted to evaluate its performance under the intense activity of mass minting and trading STX20 assets.
According to the team, the STX20 debut recorded several benchmarks, including a ninefold increase in normal transaction count on Stacks and the ability to process high volumes efficiently. Notably, Stacks processed transactions 30 times faster while handling 40 times the block size and provided much cheaper transaction costs compared to Bitcoin’s layer one.
Stacks Seeks to Transform Bitcoin Ecosystem With STX20 L2 Solutions
On Dec. 17, the STX20 protocol was launched on Stacks’ Bitcoin layer two, aiming to test the practicality and impact of Ordinals-style assets on layer two platforms. The surge in popularity of Ordinals and BRC20 tokens has catalyzed a burst of creativity and user engagement within the Bitcoin ecosystem, albeit at the cost of increased network fees and congestion. #BTC
According to developers behind the project, the debut of the STX20 protocol on Stacks’ Bitcoin layer two (L2) has marked a pivotal moment for Ordinals-style assets. Amid growing demand for innovative use cases in the Bitcoin ecosystem, the Stacks team believes the STX20 test has shown significant potential for scaling and efficiency#BTC #ETH
Both X accounts have noted that the tenth largest bitcoin whale boasts unrealized profits exceeding a billion, with an average entry point of around $25K. Currently, Bitfinex, the exchange behind the 8,888 BTC transfer, also maintains the second-largest BTC wallet, valued at close to $10 billio #BTC
A bitcoin wallet, believed to be linked to Tether, the leading stablecoin issuer, has ascended to become the tenth largest holder of bitcoin. This elevation occurred after an accrual of 8,888 bitcoin from Bitfinex as the year concluded. Presently, the wallet’s holdings total around 66,465.20 bitcoin, with a value nearing $3 billion at existing exchange rates.
Bitcoin’s New Whale: Mystery Wallet Witnesses Year-End Windfall
In the last 72 hours, a wallet potentially linked to Tether has once again captured attention. Bitcoin.com News reported on this particular wallet on Aug. 5, 2023, noting its status as the 11th largest bitcoin wallet.
At that juncture, a 21.co research analyst posited that the wallet might be associated with Tether, correlating with the stablecoin issuer’s financial attestations. Tether had previously acknowledged holding bitcoin as part of its assets, yet it hadn’t publicly shared any specific wallet address.
After this initial report, Cryptoquant, a blockchain analytics firm, raised doubts about the wallet’s connection to Tether. 145 days later, on December 31, 2023, a significant sum of 8,888.88 BTC was transferred to the wallet, identified as “bc1qj.”
The bitcoin, like all previous deposits to this wallet since its creation, originated from Bitfinex. This consistent pattern of deposits from Bitfinex further fuels speculation that the wallet might be owned by Tether.
Now ranked as the tenth largest, the wallet surpasses the 11th largest, which possesses 59,300 BTC. Observers including Wu Blockchain and the X account The Data Nerd, noted the transfer of 8,888 BTC.
“On behalf of [the] new year, a whale (related to Tether) bought 8,888 BTC ($379M) at $42,641, 8 hours ago,” The Data Nerd wrote. “Someone is very hungry for BTC,” an individual replied to the X post. $BTC #BTC $ETH #etf #btcwallet
Investment bank TD Cowen predicts the U.S. Securities and Exchange Commission (SEC) will approve a spot bitcoin exchange-traded funds (ETFs) by the Jan. 10 deadline as a “political necessity.” The bank’s analyst believes that the SEC needs to “cement its role as a crypto regulator before Congress consider broader crypto legislation.”#BTC #etf @Crypto Daily™
can someone explain this to me , I want to use it an now they are telling me that is locked for 120 days , how can I redeem it #BTC #etf #Sei #FIL $BTC #Launchpool $BNB $BTC