In what he said would be his last remarks as CFTC chair, Rostin Behnam said he intended to advocate for the commission to address regulatory challenges over digital assets. Source link
Day: January 8, 2025
Don't Buy The Bitcoin Dip
Follow Frank on X. With bitcoin’s price dipping significantly below $100k again, the “buy the dip” cheerleaders are out in full force. But I’m here to offer a different perspective: Don’t buy the dip. Before I continue, let me please make it clear that nothing that I write in this Take is investment advice. Why would I say such a thing? Is it that I hate bitcoin all of a sudden? No. I have other reasons for making such a statement. The first is that I’m trying to keep you…
PEPE In Jeopardy? Bearish Momentum Drives Price Toward $0.00001731
PEPE is under pressure as its price approaches the critical $0.00001731 level, a support zone that has repeatedly tested bulls’ resilience. The renewed bearish momentum highlights growing concerns about the token’s ability to maintain stability in the face of intensified selling activity. Recent attempts to spark a recovery have been met with resistance, leaving PEPE vulnerable to further declines if the current trajectory persists. The $0.00001731 level has emerged as a key battleground, with its ability to hold determining whether PEPE can stage a comeback or succumb to deeper corrections.…
The Lightning Network Privacy Big Picture: Don't Forget the NSA
One of the secondary benefits of how the Lightning Network works as a scaling solution is privacy. It’s by no means perfect or undefeatable privacy, but it is a better than naive use of the base layer blockchain itself. It’s also not perfectly balanced. The sender learns a good many details about the receiver, but the receiver learns nothing about the sender. For casual payments it is a big improvement for consumers over on-chain payments. It does have one big problem though, something not unique to Lightning, but a problem…
Pudgy Penguins’ NFT sales nosedive as token rallies: Nifty Newsletter
Pudgy Penguins’ PENGU token jumps 13% despite NFT sales dropping over 50%, fueled by a viral marketing campaign. Source link
Decentralization is in danger — We can fix it
We can preserve Bitcoin’s core principles while enabling advanced functionality and interoperability. Source link
Buying Greenland Would Be A Huge Boost to US Bitcoin Mining
Follow Nikolaus On 𝕏 Here For Daily Posts In less than two weeks, the United States will have a new administration in office, but there’s already much debate about President-elect Donald Trump and his policies. One of the most controversial — his expressed interest in purchasing Greenland for strategic, economic and political reasons. Trump claims that buying Greenland would be vital to U.S. national security, both for monitoring and defense purposes given its location near Canada and Russia, as well as its energy. On that note, Greenland is of interest given its…
Bitcoin price dip to $92.5K caused by Fed interest rate concerns: Analyst
Rising concerns about Federal Reserve monetary policy and rising bond rates are having a negative impact on Bitcoin’s price. Source link
Movement Labs to close $100M VC round: Report
The deal would reportedly value the layer-2 developer at around $3 billion, Fortune reported. Source link
Virtuals Protocol Discord server hacked, fake Google links posted
The security incidents occurred days after a researcher discovered a critical bug in a Virtuals Protocol audited contract, which was fixed. Source link