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Bitcoin is booming, and so are network fees. Alongside the euphoria among investors over Bitcoin’s recent surge above $44,000—a 20-month high—increased network congestion is prompting another battle over the NFT-like Ordinals project and BRC-20 tokens. Ordinals remain at the eye of a storm over what should or should not be allowed on the Bitcoin blockchain. … Read more
More than a third of Bitcoin holders would be reluctant to sell even a small portion of it, even if prices reached a million dollars. Moreover, on-chain analysis confirms that more of the Bitcoin supply is becoming dormant as hodlers refuse to sell. On December 6, MicroStrategy CEO Michael Saylor polled his 3 million X … Read more
Crypto industry short sellers have lost at least $6 billion trying to bet against publicly-traded crypto firms this year, due largely to Bitcoin’s (BTC) outsized rally since Jan. 1. According to a Dec. 5 report from research firm S3 partners, traders who bet against publicly traded crypto firms such as Coinbase, MicroStrategy, and Marathon Digital … Read more
Carmona is a fellow at the Brookings Institution. She is a public voices fellow on technology in the public interest with The OpEd Project. Once again, the world of cryptocurrencies has been thrust into the spotlight after the recent dethroning of the crypto kings, Sam Bankman-Fried and Changpeng Zhao. As crypto industry actors aim to … Read more
It’s been a year since ChatGPT emerged on the scene. Since then, artificial intelligence (AI) has been a big theme in investing. Businesses have been eager to talk up their AI-powered products and services, regardless of how significant they are. AI is the new buzzword for companies to lure in customers and investors alike. If … Read more
A bug fix on the Bitcoin Core network in the v27 upgrade could reportedly halt the creation of new Bitcoin Ordinals and BRC-20 tokens, which have been causing network congestion due to their exploitation of a vulnerability, according to a prominent Bitcoin Core developer. Bitcoin Ordinals, introduced in January 2023 by Casey Rodarmor, are satoshis (sats) that … Read more
The price of XRP, the native token of the Ripple payment network, rose 4% over the past day to $0.639999. This came on a day when the cryptocurrency market overall rose by 5% due to rising optimism. XRP is up 4% in the past month and 1.5% in just one week. It is currently the … Read more