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Bitcoin layer-2 staking offers a superior alternative to interest rates Crypto miner Marathon Digital unveils Bitcoin layer 2 network Anduro Marathon Digital revenue surges 452% in Q4 amid ‘banner year’ Bitcoin layer-2 staking offers a superior alternative to interest rates Staking creates a new kind of interest rate, defined by users rather than by central banks and government policy.  This "people’s interest rate" offers an alternative to the flawed traditional interest rate systems — and the ability to stake a trusted and highly-recognized asset bolsters the feasibility and credibility of this vision. ...instead of relying on the public internet to transmit data, Bitcoin transactions can now be conveyed across a layer-2 (or the data-link layer), guaranteeing data speeds and packet delivery regardless of traffic levels between the two parties. From an end-user perspective, complex smart contracts can now be developed and implemented directly in Bitcoin, containing within al...

 “institutional adoption of crypto is growing rapidly.” Kraken launches institutional arm aiming to cash in on Bitcoin ETFs MicroStrategy a ‘timely play’ on Bitcoin halving, $990 target price: Benchmark Kraken launches institutional arm aiming to cash in on Bitcoin ETFs Kraken announced its new institutional brand on Feb. 27 that folds in its existing institutional offerings of spot and over-the-counter trading along with crypto staking — for those outside the United States — and is aiming it toward asset managers, hedge funds and high-net-worth individuals. Coinbase is the custodian for eight of the 10 newly launched Bitcoin ETFs, leading some analysts to predict strong earnings for the firm in the year ahead. Kraken Institutional competes directly with Coinbase Institutional and Coinbase Prime, which launched in 2021 to cater for institutional investors. It also goes up against Binance Institutional, which launched in mid-2022 and offers customized solutions for institutional use...

Riot Platforms boosted BTC output by 19% in 2023, mines 6,626 Bitcoin Marathon Digital Holdings launches direct Bitcoin transaction submission service Hut 8 begins construction on 63MW crypto mining site in Texas Riot Platforms boosted BTC output by 19% in 2023, mines 6,626 Bitcoin Bitcoin mining firm Riot Platforms recorded a 19% increase in the number of Bitcoin it produced in 2023, mining 6,626 BTC.  While several of Riot Platform’s competitors mined more Bitcoin in 2023, Riot is preparing for 2024’s Bitcoin halving after acquiring 66,560 mining rigs from MicroBT. Riot’s cost to mine Bitcoin for 2023, net of power credits allocated to self-mining, averaged $7,539 per Bitcoin  versus $11,225 in 2022, a decrease of 33% year-over-year. The increase in Bitcoin Mining revenue was driven by slightly higher values of Bitcoin mined in 2023, which averaged $28,859 per Bitcoin as compared to an average price of $28,245 per Bitcoin in 2022. Meanwhile, over the past month, Riot’s share...

  Crypto.com pairs up with Latin America’s biggest investment bank in stablecoin push Southeast Asia lays the groundwork to become crypto, blockchain, AI hub Crypto.com pairs up with Latin America’s biggest investment bank in stablecoin push 1. BTG Pactual, one of the biggest banking institutions in Latin America, has joined with Crypto.com in a push to advance crypto banking within the region.  2. On Feb. 27, Crypto.com announced that it will list BTG group’s BTG Dol, a stablecoin pegged to the U.S. dollar at a 1:1 ratio. 3. Crypto.com and BTG Pactual are teaming up to advance crypto powered banking services in Latin America and beyond. 4. Crypto.com will promote the BTG Dol stablecoin by pairing it with digital assets like Bitcoin and Ether on its trading platform. 5. This is in line with the strategic partnership’s goal to jump-start the digital economy in Latin America and connect traditional and digital finance for its users. 6. This move allows them to give their clients...

MicroStrategy — a business intelligence software firm — became the first publicly traded company to start scooping up Bitcoin in 2020.  The 190,000 BTC it held as of the fourth quarter of 2023 cost an average of $31,224 each, bringing MicroStrategy’s total investment cost to $5.93 billion. United States-based spot Bitcoin exchange-traded funds (ETFs), excluding the Grayscale Bitcoin Trust (GBTC), hold an estimated 270,000 BTC as of Friday, Feb. 16. "I’m going to be buying the top forever. Bitcoin is the exit strategy ." "(Bitcoin) is “technically superior” to gold, the S&P 500 and real estate, despite each asset class having a far greater market capitalization than Bitcoin’s $1 trillion." "And that being the case, there’s just no reason to sell the winner to buy the losers ." "The spot ETFs have opened up a gateway for institutional capital to flow into the Bitcoin ecosystem." "They’re facilitating the digital transformation of capital, ...

Perth is one of the wealthiest parts of Australia and rakes in heaps of cash from its iron ore mines. The state holds about 98% of Australia’s iron ore and contributed 38% of the worldwide supply in 2022. Perth is not a terrible place to spend a fortnight in, given the city sees an average of eight hours of sunlight per day and boasts a coastline that stretches 123 kilometers. One of Australia’s biggest digital asset investment firms, DigitalX. The Australian Securities Exchange-listed company has its headquarters in West Perth and provides wholesale investors with institutional-grade access to digital assets. Venture capital fund JellyC. is particularly looking for projects “moving forward on real-world assets tokenization.” JellyC also manages two investment funds, Bluebottle Digital Strategy Fund and Bluebottle Multi Strategy Fund, both only available to wholesale and professional investors. Bamboo, is a micro-investing crypto app that’s becoming a go-to for people of all ages, prov...

Quantum economics, challenges the status quo by relying on models that reflect the more complex and dualistic nature of economic elements, akin to the wave-particle duality observed in quantum particles.   “I think when you consider the ‘bit’ of a traditional computer, it’s all about a zero or a one,” said Orrell.  “It’s essentially a ‘yes’ or ‘no,’ a logical, straightforward decision-making process.  There’s no room for nuances or subtleties.  However, when you shift to considering a qubit, it changes your perspective entirely.  A qubit can be likened to a spectrum of colors, offering different shades and complexities.  It’s not just zero or one.  Qubits are entangled; they interact with each other, introducing uncertainty upon measurement.  This fundamental difference is what sets it apart.  And as I’ve mentioned, demonstrating that models based on this principle can be profitable and effective is the key point.”   The Quantu...

Bitcoin ETFs inflows snowball: Last 4 days bigger than first 4 weeks Gold ETFs bleed $2.4B so far in 2024 as Bitcoin ETFs hit record volumes BlackRock’s Bitcoin ETF passes 100K BTC under management ETFs are eating the world. They ate every other asset class, and they’re having Bitcoin for dessert.  Bitcoin ETFs inflows snowball: Last 4 days bigger than first 4 weeks Spot Bitcoin exchange-traded funds (ETFs) have attracted more net inflows in the last four days than in the entire first four weeks of trading.  The 10 spot Bitcoin (BTC) ETFs have had 43,300 Bitcoin — worth $2.3 billion at current prices — in inflows over the last four days alone.  Comparatively, the funds took 20 days of trading to gather 42,000 in Bitcoin inflows. Notably, on Feb. 13, BlackRock’s iShares Bitcoin Trust became the first Bitcoin ETF to surpass $5 billion in assets under management, holding a total of 105,280 BTC at the time of writing. The bullishness around spot Bitcoin ETF flows has been vie...

Sooner or later. If history does repeat itself and there is anything to learn from what happens and will happen right before our eyes... "A favorite theory of mine is that no occurrence is sole and solitary but is merely a repetition of a thing which has happened before, and perhaps often." ~ Mark Twain #HistoricRecurrence Bitcoin is much more than just another speculative investment. And those who don't take the time to understand the why of Bitcoin are missing the point.  Unlike fiat currencies whose design is such that your purchasing power is doomed to erode over time irreparably toward zero,  Bitcoin is a unit of wealth, not a unit of debt. You need to understand this nuance that makes all the difference. The source code remains the same.  The design of the Bitcoin protocol has not changed.  It is the Bitcoin protocol that gives you incredible guarantees for your future, not the price at any given moment. The 4 rules at the heart of the Bitcoin protocol: 1) No m...

Just a log. #NFA #DYOR Day 4, CNY 2024. Blockchain can unlock $400B in global financial innovation Bitcoin price rally to $50K puts spotlight on halving supply shortage and spot ETF inflow Bitcoin hits $50K for first time since December 2021 Bitcoin soaring past $50K without retail FOMO and high leverage is good for BTC Bitcoin looks to surpass Meta in total value as crypto climbs Bitcoin trades above $50K again — but its very different this time  Blockchain can unlock $400B in global financial innovation Blockchain technology is close to unlocking a $400 billion revenue opportunity for asset managers by enabling the tokenization and fractionalization of private assets. ~ Colin Butler, Polygon’s head of institutional capital. Use Case: 1️⃣ “KKR tokenized their healthcare fund via Securitize on Avalanche and that really opened up the floodgates for tokenization and institutional adoption, using blockchain as a utility, as a software platform. It has nothing to do with crypto and spe...

U.S. Bitcoin ETFs make up to 15% of BTC spot trading — Coinbase (FEB 10, 2024) Bitcoin ETFs record third-largest inflow day as BTC price rises above $46,000 (FEB 10, 2024) BlackRock, Fidelity Bitcoin ETFs see largest debut month of any ETF in 30 years (FEB 09, 2024) ‘Big volume day’ for BlackRock as Bitcoin ETFs notch $1B volume (FEB 08, 2024) BlackRock’s Bitcoin ETF reaches top 0.2% of all ETFs so far this year (FEB 07, 2024) Bitcoin ETFs lead to record miner reserve BTC outflows (FEB 06, 2024) U.S. Bitcoin ETFs make up to 15% of BTC spot trading — Coinbase The launch of spot Bitcoin ETFs becoming a “watershed moment for the crypto economy". U.S. spot Bitcoin ETFs now account for “only 10-15%” of the total Bitcoin spot trading volume across centralized exchanges (CEX) globally. The spot Bitcoin ETFs hold around 650,000 BTC or 3% of outstanding Bitcoin supply. 10 spot Bitcoin ETFs traded roughly $1.3 billion on Feb. 8, which accounted for around 4.4% of Bitcoin traded on CEXs over...

Bitcoin mining firm Core Scientific mined $812M worth of BTC in 2023 Core Scientific became North America’s largest publicly listed crypto mining company in 2023 after mining 19,274 Bitcoin worth $812 million . The firm operates approximately 209,000 owned and co-located Bitcoin miners , with a total energized hash rate of 23.2 exahashes per second at its data centers in 2023. It delivered 480 megawatt hours to local grid partners in December 2023 and more than 131,000 megawatt-hours to local grid partners throughout 2023. On Jan. 27, the firm eventually relisted on the Nasdaq stock exchange. In 2023, Core Scientific produced 19,274 Bitcoin, comprising 13,762 self-mined and 5,512 client-mined in our data centers, making us the largest listed producer of #Bitcoin in North America! As every miner’s performance is crucial to our success, we have teams monitoring our… pic.twitter.com/ko9Ms9kyCo — Core Scientific (@Core_Scientific) January 31, 2024 Core Scientific Announces Decembe...

#NFA #DYOR Past. Present. Future. Excerpt from ARK Invest's 2024 Big Ideas Research Report, Specifically on #Bitcoin. (1) Bitcoin Has Outperformed Every Major Asset Over Longer Time Horizons (2) Generally, Bitcoin Investors With A Long-Term Time Horizon Have Benefited Over Time (3) What Would Be The Impact Of An Optimal Allocation Into Bitcoin? Bitcoin Has Outperformed Every Major Asset Over Longer Time Horizons   Generally, Bitcoin Investors With A Long-Term Time Horizon Have Benefited Over Time Instead of “when,” the better question is “for how long?” Historically, investors who bought and held bitcoin for at least 5 years have profited, no matter when they made their purchases. What Would Be The Impact Of An Optimal Allocation Into Bitcoin? Allocations from the $250 trillion global investable asset base into bitcoin would have a significant impact on the price. If the global asset base invested just 1% of assets, Bitcoin’s price could reach $120,000 per BTC. If the global invest...

1% 真相   Generational Wealth It was his son, John D Rockefeller Junior, who built New York’s Rockefeller Centre.  Each generation of the Rockefellers kept on building up the current account, while spreading the philanthropic interests.  His five sons continued the dynastic pattern . The new union between the two clans does more than weld two vast fortunes to each other by allying a pair of dynasties that have followed the two rules that all mega-plutocrats must obey if they want to be remembered .  １ ensure your children feel a duty to preserve the family fortune.  And, paradoxical as it may sound:  ２ give as much money as you can to universities, galleries and hospitals. https://www.ieri.be/en/publications/wp/2019/juillet/banksters-and-warmongers