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Bitcoin News
Altcoinbuzz
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Kraken’s Big Plan: A New Blockchain Coming in 2025
- Kraken plans to launch its own blockchain using technology similar to Coinbase's Base.
- The goal is to offer better services, such as cheaper and quicker transactions, to Kraken users.
- Kraken's new blockchain will make trading and using cryptocurrency smoother and more efficient.
- The launch is set for early 2025, and it will intensify the competition with Coinbase in the crypto space.
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Zycrypto
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298
Image Credit: Zycrypto
Anthony Pompliano Says Government Ban Won’t Hurt Bitcoin
- Crypto enthusiast Anthony Pompliano believes government bans on crypto assets will not affect the price and adoption of Bitcoin due to its decentralized nature.
- Bitcoin has proven to perform well in countries with bans, as citizens seek to protect themselves against inflation.
- Pompliano argues that government bans actually make certain products more popular, and if a ban were imposed on Bitcoin, people would rally around it and increase adoption.
- Pompliano predicts a surge in the price of Bitcoin, citing historical supply shocks and the end of a sideways summer as driving factors.
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Altcoinbuzz
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311
4 Tips to Make Bitcoin Transactions With Low Fees
- Bitcoin fees are payments made to miners to approve and add transactions to the blockchain.
- To reduce fees, you can send Bitcoin during low-traffic times and check network congestion.
- Using Layer 2 solutions like the Lightning Network can help reduce fees for frequent Bitcoin transactions.
- Choosing lower transaction fees and using SegWit-enabled wallets can also save on Bitcoin fees.
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Changelly
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Image Credit: Changelly
Who Owns the Most Bitcoin?
- Satoshi Nakamoto, the pseudonymous creator of Bitcoin, owns the largest Bitcoin holding in the world, with around 1.1 million BTC across approximately 22,000 Bitcoin wallet addresses.
- The United States government is thought to own the most Bitcoin among governmental entities, possessing over 200,000 BTC.
- Microstrategy is a public company with the largest Bitcoin holding, owning 252,220 bitcoins, with an average purchase price of $39,292.18 per bitcoin, bringing its total investment to approximately $9.91 billion.
- There are over 560 million cryptocurrency users worldwide, and it is likely that the BTC ownership rate is high, as it is the world's biggest and most popular cryptocurrency.
- As of 2024, there are 17 crypto billionaires, approximately 36,000 individuals are estimated to be Bitcoin millionaires, and around 200 million Bitcoin wallets in existence.
- The top three Bitcoin wallets belong to Binance and Bitfinex crypto exchanges, and around 316,067 BTC, or 1.5% of the total supply of Bitcoin, is held by private companies.
- BTC is often referred to as “digital gold” because it shares many of the same properties as physical gold: it is scarce, durable, and divisible and can serve as a hedge against inflation.
- The United States has emerged as the frontrunner in terms of the number of Bitcoin holders, with a staggering 46 million individuals actively engaging in cryptocurrency investments.
- Several governments hold significant amounts of BTC, primarily through law enforcement seizures.
- It is impossible to know for certain who owns the most Bitcoin, but the market cap of all Bitcoins in circulation exceeds $1.03 trillion.
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Bitcoinsensus
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8
Image Credit: Bitcoinsensus
Peter Todd in Hiding After HBO Links Him to Satoshi
- Bitcoin core developer Peter Todd has gone into hiding after an HBO documentary suggested he might be Satoshi Nakamoto.
- Todd denies the claims but faces ongoing harassment and threats to his safety.
- The incident underscores the personal risks of being associated with high-profile crypto figures.
- Peter Todd's case highlights the importance of anonymity in the cryptocurrency field to protect one's safety.
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Zycrypto
3w
70
Image Credit: Zycrypto
Vitalik Buterin Thinks Michael Saylor’s Recent Comments On Regulated Bitcoin Custody Are ‘Batshit Insane’
- Ethereum co-creator Vitalik Buterin criticizes Michael Saylor's pro-bank approach to Bitcoin custody.
- Buterin describes Saylor's comments as 'batshit insane' and contrary to the core tenets of crypto.
- Saylor suggests relying on regulated institutions for Bitcoin custody instead of self-custody.
- Saylor's stance contradicts his previous support for Bitcoin self-custody.
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TheNewsCrypto
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0
Image Credit: TheNewsCrypto
Italy Raises Crypto Tax to 42% in 2025 Budget Law
- Italy has raised the capital gains tax on cryptocurrencies from 26% to 42%, effective January 1, 2025.
- The Italian government expects to generate €68 million (around $73M) from the increased tax to boost revenue.
- The tax hike is part of the country's 2025 Budget Law and aims to regulate the growing crypto sector and tap into new revenue sources.
- The new tax will impact investors engaging in crypto trading, raising concerns about the future of crypto investments in Italy.
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Cryptoslate
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223
Image Credit: Cryptoslate
CryptoQuant CEO predicts Bitcoin to mature into an accepted global currency within a decade
- Ki Young Ju, CEO of CryptoQuant, predicts that Bitcoin will likely evolve into a widely accepted “currency” by 2030.
- Ju believes that the increasing involvement of financial institutions in crypto and the decreasing volatility of Bitcoin will strengthen its potential as a functional currency.
- He also emphasizes the role of stablecoins in Bitcoin's future as a currency, highlighting the growing importance of this sector in the broader crypto ecosystem.
- Ju concludes that the maturation of Bitcoin's ecosystem and the reduction of its volatility will lead to the realization of Satoshi Nakamoto's vision of Bitcoin as a peer-to-peer electronic cash by 2030.
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Crypto-News-Flash
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395
Image Credit: Crypto-News-Flash
Interview with Cardano’s Charles Hoskinson: Founder Discusses Recent Ethereum Remarks and Involvement with Argentina
- Cardano co-founder Charles Hoskinson clarifies his remark on Ethereum and Vitalik Buterin.
- Hoskinson projects Bitcoin to reach between $200k and $300k by next year.
- Argentina is attracted to crypto projects due to the desire for an alternative currency.
- Hoskinson highlights the growing distrust in local currencies and the favorable market in Argentina for testing crypto products.
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Bitcoinist
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17
Image Credit: Bitcoinist
Bitcoin As A Tool: BRICS 2024 Summit Proposes Russian Miners Sell BTC To Evade Sanctions
- Lawmakers from BRICS countries are discussing the potential for Russian miners to sell Bitcoin and bypass US sanctions.
- The move aims to create an alternative financial pathway and enhance financial independence from Western powers.
- Russian President Vladimir Putin advocates for cryptocurrency adoption among BRICS nations.
- BRICS members have unveiled a blockchain-based payment platform, BRICS Pay, to challenge the dominance of the SWIFT system.
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Crypto-News-Flash
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219
Image Credit: Crypto-News-Flash
El Salvador President’s Bitcoin Donation Supports School Construction in Honduras
- El Salvador President Nayib Bukele donated 2 BTC, worth around $134,000, to fund the construction of 1,000 schools in Honduras.
- This donation aligns with El Salvador's Bitcoin initiative and its long-term strategy to incorporate cryptocurrencies into the national financial system.
- Despite Bitcoin being legal tender in El Salvador, only 7.5% of the population regularly uses it for transactions, indicating low adoption rates.
- International interest in El Salvador's Bitcoin policies has grown, with Argentina's Vice President expressing interest in exploring the benefits of national Bitcoin adoption.
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Cryptoslate
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8
Image Credit: Cryptoslate
El Salvador president Nayib Bukele donates 2 Bitcoin towards building 1,000 schools in Honduras
- El Salvador's President Nayib Bukele has donated two BTC, valued at approximately $133,000, to support the construction of 1,000 schools in Honduras.
- The donation aligns with Bukele's consistent advocacy for Bitcoin, which he made legal tender in El Salvador in 2021.
- The funds came from Bukele's personal wallet, and the donation was received by the founder of Students Helping Honduras.
- Despite low Bitcoin adoption in El Salvador, Bukele's leadership receives positive sentiments, particularly in economic and security areas.
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Cryptoticker
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417
Image Credit: Cryptoticker
Bitcoin Whale Numbers Surge to Highest Levels Since January 2021
- The number of large Bitcoin holders, often called "whales," has recently surged to its highest level since January 2021.
- This rise signals that big investors are increasing their Bitcoin holdings, which is often seen as a sign of confidence in the cryptocurrency's future.
- There's growing interest in alternative investment options like U.S.-listed spot ETFs, making it easier for people to invest in Bitcoin.
- These two trends show that Bitcoin is becoming more popular with both individual and institutional investors.
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Tokenhell
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144
Polymarket User Boosts Kamala Harris’ Winning Odds After Placing $2M Bet
- Winning odds for Vice President Kamala Harris rose to 37% after a Polymarket user placed a $2 million bet on her.
- The Trump-Harris battle now has a 26% gap, with Trump's winning odds at 63%.
- The Polymarket user, Ly67890, is now the largest holder of Kamala's 'Yes' Shares.
- Some of Kamala's supporters question the credibility of polls on Polymarket, claiming that most users on the platform are foreigners.
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Bitcoinchaser
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8
Image Credit: Bitcoinchaser
Rack Up Free Bets by Joining 1xBit’s 30-Day Bit Race!
- 1xBit is offering a 30-day Bit Race promotion where users can earn free bets as rewards.
- To join the Bit Race, users need to place an accumulator bet every day between 00:00 and 23:59 (UTC +3).
- Promo codes for free bets are earned based on the average amount bet during the race.
- 1xBit is a well-known crypto sportsbook that allows users to bet on a wide variety of sports using cryptocurrencies.
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