Month: January 2025

Preston Pysh Explains Why SAB 121 Beats a Strategic Bitcoin Reserve

admin

In the rapidly evolving world of Bitcoin adoption, few regulatory shifts carry the magnitude of SAB 121’s recent rescission. According to prominent Bitcoin advocate and investor Preston Pysh, this development is a watershed moment that could have more far-reaching implications than even the much-debated concept of a Strategic Bitcoin Reserve. My thoughts on the two biggest things that happened last week w/ Bitcoin. SAB121 and the in-kind redemption request to the SEC pic.twitter.com/XyHDiNcOvH — Preston Pysh (@PrestonPysh) January 27, 2025 Who is Preston Pysh? Preston Pysh is a General Partner…

Elon Musk’s DOGE team in discussions with Movement as part of its blockchain strategy

admin

Key Takeaways Musk’s DOGE team is exploring Movement Blockchain as a potential platform for its blockchain-based transparency initiatives. Movement Blockchain’s token MOVE rose 15% after being linked to Musk’s DOGE initiative. Share this article Elon Musk is reportedly considering Movement Blockchain as a potential platform for his DOGE initiative, which aims to leverage blockchain technology for enhanced transparency and cost reduction in government operations. A Bloomberg report released on Sunday revealed that Musk has discussed using blockchain to track federal spending, secure data, streamline payments, and manage government-owned infrastructure. A…

The Game Theory of a Strategic Bitcoin Reserve

admin

Bitcoin’s decentralized consensus mechanism works based on some cleverly crafted incentive structures. The first and fundamental rule is that the chain with the most work is the correct one. This single rule obviates the need for a central arbitrator, determining which chain is correct as a function of the efforts of thousands of decentralized parties, each trying to extend the blockchain. The subsidy to miners keeps moving the blockchain forward, creating painful opportunity costs for miners who don’t mine the tip. These mechanisms, together with the difficulty adjustment, set the…

Binance faces judicial probe in France over money laundering and tax fraud

admin

Key Takeaways French investigators are examining Binance for alleged money laundering linked to drug trafficking, tax fraud, and unregulated trading. The investigation includes activities from 2019 to 2024 across the EU. Share this article Binance is under judicial investigation in France over allegations of money laundering, tax fraud, and other criminal offenses. The probe, led by the Paris public prosecutor’s economic and financial crime division (JUNALCO), also includes accusations of money laundering tied to drug trafficking. A Reuters report stated that the probe covers activities from 2019 to 2024 across…

Donald Trump Vows to Propel Bitcoin to New Heights

admin

In a recent series of tweets, David Bailey, CEO of BTC Inc, shared highlights from a private conversation with President Donald Trump. Bailey revealed that Trump expressed unwavering support for the Bitcoin community. According to Bailey, the former president stated, “He’s with us 100%, we’re going to send things to much greater heights, and we’re going to outcompete China and other countries that want to take it from us.“ Just talked with @realDonaldTrump and thanked him for keeping his promises to our industry and to Ross. I asked him if…