Cobra, the anonymous owner of the Bitcoin.org domain, has issued a warning about a potential user-activated soft fork (UASF) for Bitcoin scheduled for 2025. The initiative, reportedly developed by anonymous developers outside the Bitcoin Core team, aims to bring the controversial CheckTemplateVerify (CTV) functionality to the BTC network. Based on the BIP 119 proposal, CTV is designed to allow users to set specific spending conditions on their wallets. Proponents argue that CTV could significantly increase cold wallet security by enabling predefined transaction rules, making it a potentially powerful tool for institutional and high-net-worth Bitcoin holders. Related News: Donald Trump's Crypto-Friendly SEC Chair Nominee Paul Atkins Gets a Setback - Here are the Details Volatility Risks: Some believe that CTV could undermine the fungibility of Bitcoin by creating distinctions between different types of Bitcoin based on spending conditions. Code Complexity: Others argue that adding CTV would increase the complexity of Bitcoin’s codebase, raising concerns about unintended security vulnerabilities. Cobra warned in a public statement that the soft fork attempt could catch many BTC users and developers off guard: “Some Bitcoiners will attempt to soft fork CTV via a UASF in 2025. Developers (non-Core) are currently working on the code and activation parameters. Not enough people are paying attention.” *This is not investment advice. Continue Reading: Renowned Developer Reveals “Underappreciated Danger” for Bitcoin in 2025
2024-12-03 20:28
Paul Atkins, President-elect Donald Trump's leading choice for the next head of the U.S. Securities and Exchange Commission (SEC), is reportedly reluctant to accept the role, according to sources familiar with his thinking. Atkins, a former SEC commissioner and a prominent advocate for the cryptocurrency industry, is said to see the position as a daunting challenge, especially since he sees the agency as having been mismanaged under SEC Chairman Gary Gensler. Atkins reportedly sees cleaning up Gensler’s “mess” as a significant deterrent to taking on the job. Atkins’ hesitations appear to have been echoed by other regulatory figures, including former Commodity Futures Trading Commission (CFTC) Chairman Chris Giancarlo. A staunch advocate of pro-crypto policies and a supporter of Atkins’ candidacy, Giancarlo has also expressed concerns about the significant work needed to reform the SEC. Giancarlo himself was once considered a candidate for SEC chairman. Related News: BREAKING: Donald Trump Picks Cryptocurrency-Friendly Paul Atkins as SEC Chairman - He Was an Advisor to an Altcoin Despite her reluctance, Atkins was recently seen at Trump’s Mar-A-Lago resort, fueling speculation about her potential appointment. She was scheduled to interview for the SEC chair position over the weekend, with interviews scheduled to take place on Sunday and Monday, according to industry sources. Atkins currently serves as founder and CEO of Patomak Global Partners, a consulting firm specializing in strategy, risk management and regulatory compliance. Continue Reading: Donald Trump’s Crypto-Friendly SEC Chair Nominee Paul Atkins Gets a Setback – Here are the Details
2024-12-03 19:58
Trump has chosen crypto advocate Paul Atkins to head the SEC, according to three sources familiar with the talks. A source said Trump has reached out to Atkins but is still waiting for her to accept. Paul Atkins was an advisor to the RSR token, RSR rose by 20% following the news. *This is not investment advice. Continue Reading: BREAKING: Donald Trump Picks Cryptocurrency-Friendly Paul Atkins as SEC Chairman – He Was an Advisor to an Altcoin
2024-12-03 19:30
Cryptocurrency exchange Coinbase announced that it will list the memecoin Moo Deng (MOODENG) on the Solana network. The token was added to the listing roadmap by Coinbase yesterday evening. *This is not investment advice. Continue Reading: BREAKING NEWS: Coinbase Announces It Will List A New Altcoin – They Hinted It Yesterday
2024-12-03 19:03
South Korea is facing an unprecedented political crisis as President Yoon Seok-yeol declared “emergency martial law” late today local time, the country's first such decision since 1980. The decision, which claimed to be aimed at preserving constitutional order, led to political chaos, widespread protests and a sharp decline in South Korean financial assets. Following the development, many assets, including Bitcoin, experienced serious declines on Upbit, the country's largest cryptocurrency exchange. The BTC price fell to around $71,000. Chart showing Bitcoin price volatility on Upbit. In an emergency speech from the Yongsan Presidential Palace in Seoul, President Yoon cited the actions of opposition forces in the National Assembly as a threat to the country’s stability. “By imposing emergency martial law, I will rebuild and defend the free Republic of Korea to prevent the nation from entering the path of destruction,” Yoon said. He vowed to “eliminate anti-state forces” that he claimed were undermining South Korea’s democratic system. The announcement sparked a backlash from opposition leaders, with former President Moon Jae-in issuing a strong statement condemning the declaration of martial law. “South Korean democracy is facing an unprecedented crisis,” Moon said in a social media post. The former president called on the National Assembly to take immediate action and called on citizens to unite to defend democratic values. Related News: JUST IN: Coinbase Announces It Will List an Altcoin in Futures Following Yoon’s statement, opposition lawmakers clashed with police outside the National Assembly building, escalating tensions in the capital. Amid the mounting pressure, South Korea’s National Assembly held an emergency session early on December 4, voting on a motion calling for martial law to be lifted. Of the 190 lawmakers present at the session, 170 voted in favor of the motion, effectively nullifying Yoon's order. National Assembly Speaker Woo Won-sik declared the emergency martial law “null and void.” The declaration of martial law has raised concerns about South Korea’s political and economic stability. While President Yoon has assured that the country’s foreign policy and international commitments will not change, his rhetoric about purging “anti-national forces” has raised concerns at home and abroad. *This is not investment advice. Continue Reading: Fresh News from South Korea Keeps Coming – Here’s a Recap of All the Events Affecting the Bitcoin Price
2024-12-03 18:25
Coinbase International, the futures arm of cryptocurrency exchange Coinbase, has announced that it will list the Morpho altcoin. *This is not investment advice. Continue Reading: JUST IN: Coinbase Announces It Will List an Altcoin in Futures
2024-12-03 18:06
BlackRock’s IBIT Spot Bitcoin Exchange-Traded Fund (ETF) has reached a major milestone by surpassing 500,000 BTC (approximately $48 billion) in assets under management (AUM). BlackRock's Spot Bitcoin ETF Surpasses 500,000 BTC in AUM This achievement comes less than a year after its debut on January 11, making it one of the fastest-growing ETFs in history. According to the fund’s latest disclosures, IBIT held 496,854 BTC as of Nov. 29. According to K33 data, single-day net inflows of $338.3 million (about 3,526 BTC) on Monday brought its total assets to 500,380 BTC. “This is unprecedented growth,” said Vetle Lunde, Head of Research at K33. “BlackRock’s IBIT has accumulated more than 500,000 BTC in just 233 trading days.” Ian Unsworth, co-founder of Kairos Research, highlighted that IBIT’s holdings currently represent 2.38% of Bitcoin’s total supply, underlining its importance in the market. BlackRock CEO Larry Fink previously described IBIT as “the fastest-growing ETF in the history of ETFs” during an interview in March, when the fund surpassed 250,000 BTC. Since then, Bitcoin’s price has increased by 38% and is currently trading around $95,000. US Bitcoin ETFs Are Closing in on Satoshi's Assets U.S. spot Bitcoin ETFs collectively attracted net inflows of $353.6 million on Monday, adding to a record $6.6 billion in inflows through November. These ETFs currently hold around 1.08 million BTC, approaching the estimated 1.1 million BTC attributed to Bitcoin’s pseudonymous creator, Satoshi Nakamoto. *This is not investment advice. Continue Reading: Blackrock's Spot Bitcoin ETF Hits Record Level! Here's How Many BTCs Are Under Management by the Company!
2024-12-03 18:04
Marathon Digital has announced a $850 million convertible note offering with plans to use the proceeds to purchase additional Bitcoin. Marathon Digital Strengthens Bitcoin Holdings by Increasing Debt Offering to $850 Million This move solidifies the company’s position as the second-largest institutional Bitcoin holder with a total of 34,794 BTC currently worth around $3.3 billion. The increased offering reflects strong investor demand and Marathon’s commitment to expanding its Bitcoin reserves. With this latest development, the company continues to be a major player in the growing trend of institutional Bitcoin accumulation. Marathon’s significant Bitcoin holdings underscore the growing role of public companies in the cryptocurrency market. The company’s Bitcoin reserves are second only to MicroStrategy, which holds 158,000 BTC. This latest move comes as Bitcoin is trading near all-time highs, trading around $95,000, fueled by growing institutional interest and positive regulatory developments, including the approval of multiple Bitcoin spot exchange-traded funds. Marathon’s decision to finance its Bitcoin purchases through a convertible bond offering highlights a trend among crypto-focused companies to leverage debt markets for growth. Convertible bonds, which allow investors to convert debt into equity at a later date, provide a flexible financing mechanism for firms looking to tap into Bitcoin’s long-term potential. *This is not investment advice. Continue Reading: Giant Company Offered Millions of Dollars in Bonds to Buy Bitcoin! Here Are the Details
2024-12-03 17:29
While it is eagerly awaited when the rally will begin in altcoins that failed to show the expected performance against the Bitcoin rise, CryptoQuant CEO Ki Young Ju stated that only a few altcoins will be successful in this altcoin season. CryptoQuant CEO X shared on his account that this altcoin season will be unusual and challenging, and only a few select altcoins will be successful. Ju said that while market sentiment is positive, there is limited fresh liquidity. Stating that Bitcoin is increasingly moving away from the wider crypto ecosystem, the famous CEO stated that liquidity has not shifted to altcoins due to ETFs, MicroStrategy (MSTR) and various funds. Noting that altcoins once moved in correlation with Bitcoin, this correlation has now been broken, Ju said that only a few altcoins are attracting new liquidity and altcoins in general have started to move independently of BTC. “This alt season will not be what you expect. It will be strange and difficult. Only a select few altcoins will succeed in this rally. Market sentiment is good, but there is not much fresh liquidity. Altcoins used to move together based on their correlation with BTC, but this pattern has now broken. Altcoins now have two options: create wrapped versions like Bitcoin or establish a true internet money ecosystem using stablecoins or BTC. Altcoin investors should find an altcoin that can do either one and hold it for the long term.” *This is not investment advice. Continue Reading: When Will the Altcoin Rally Begin? How Will It Go? CryptoQuant CEO Reveals the Painful Truth!
2024-12-03 16:59
JUST IN: Coinbase Announces It Will List an Altcoin in Futures
