Casey Rodarmor, the chief coder behind the Bitcoin Ordinals protocol, announced Tuesday that he is proposing a significant change to the software, one that could be viewed with skepticism by its budding user base. Revealed in a post on X Tuesday, Rodarmor specifically proposed deprioritizing the canonical numbering system that assigns unique and coveted numbers to inscriptions created on the Bitcoin network. Since the protocol’s inception, each digital artifact created using Ordinals has been assigned a unique inscription number. These numbers, akin to serial numbers, have become an essential part of the…
Read MoreDay: September 19, 2023
Gentrification And Bitcoin Blockspace: Economic Parallels With Real Estate
In September 1943, a character whose name nowadays covers the newscasts of half the world was put in charge of what would become a bastion against the offensive tactics from the rest of the European countries. The Second World War counted tens of millions of dead at that time in Europe and other war scenarios around the world, little was known about the Holocaust but it was probably at its peak, after the victory at Stalingrad communism in Russia threatened to respond to Hitler and expand its doctrine throughout Eastern…
Read MoreWhat Happens After A Bitcoin ETF is Approved? Bitcoin Backstage with Dylan LeClair
One of the latest developments in the Bitcoin market is the potential approval of a Bitcoin Exchange-Traded Fund (ETF). An ETF is a financial product that allows investors to gain exposure to an asset without having to directly own it. In the case of a Bitcoin ETF, it would provide investors with a convenient way to invest in Bitcoin through traditional brokerage accounts. But what would happen if a Bitcoin ETF is approved? Let’s dive into the potential implications and outcomes. Understanding Bitcoin ETFs The Basics of Bitcoin ETFs A…
Read MorePayPal Partner Paxos Overpaid $510,750 In The Largest USD Bitcoin Transaction Fee Ever
UPDATE, 1:35pm, 9/13/2023 – A PayPal spokesperson says its infrastructure partner Paxos was responsible for the overpayment: “Paxos overpaid the BTC network fee on Sept. 10, 2023. This only impacted Paxos corporate operations. Paxos clients and end users have not been affected and all customer funds are safe. This was due to a bug on a single transfer and it has been fixed. Paxos is in contact with the miner to recoup the funds.” In a surprising turn of events, PayPal, the global online payments giant, reportedly overpaid a staggering $510,750…
Read More$500 Billion Nomura’s Digital Asset Subsidiary Launches Bitcoin Fund for Institutions
Laser Digital, a subsidiary of $500 billion asset manager Nomura, unveiled its new Bitcoin Adoption Fund today, according to a press release sent to Bitcoin Magazine. Notably, this is just the first in a series of investment solutions that Laser Digital Asset Management plans to introduce to the market. The Laser Digital Bitcoin Adoption Fund offers long-only exposure to Bitcoin, attempting to stand out as a cost-effective and secure investment vehicle for institutions. To safeguard the fund’s assets, Laser Digital has partnered with Komainu, a leading name in regulated custody…
Read MoreOver 50% of US Bitcoin Miners to Back New Policy Group
The Chamber of Digital Commerce, an advocacy organization for digital innovation and Bitcoin, has unveiled a new initiative known as the Digital Power Network. The Digital Power Network’s primary mission is to advocate for Bitcoin mining and drive forward productive energy policy, aiming to revolutionize energy markets by championing Bitcoin. The core belief behind this endeavor is that Bitcoin mining can help encourage investments in renewable energy, and enhance grid stability. Boasting a strong membership roster including industry giants such as Argo, BitDigital, BitFarms, Coinmint, Cipher Mining, DigitHost, Hive, Marathon,…
Read MoreBlackRock Bitcoin ETF Will Bring New Money: Arca CIO
There may be over 10 financial giants filing to launch a Bitcoin ETF, but according to one analyst, BlackRock’s application may be the one to watch. In a CNBC video released Monday, Arca Chief Investment Officer Jeff Dorman called BlackRock’s filing “much more important” than the other prospective offerings. To date, other applicants include Fidelity, Digital Currency Group, and most recently Franklin Templeton, which joined the race just last week. “If Blackrock has an ETF, you know that they are going to win. They have the marketing and distribution to put…
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