Whales accumulated 270,000 $BTC in 30 days, the largest buying spree since 2013.
Exchange reserves are at their lowest since December 2017.
The supply to meet new demand is shrinking 🤔
CAPTURE
An investigation across four articles into how informal power over Bitcoin Core was assembled, exercised, and defended.
Article One: The Network
https://t.co/FSN3umnEUu
i'm not satoshi, but I was early in laser focus on the positive societal implications of cryptography, online privacy and electronic cash, hence my ~1992 onwards active interest in applied research on ecash, privacy tech on cypherpunks list which led to hashcash and other ideas.
The mystery of Satoshi Nakamoto, the pseudonymous inventor of Bitcoin, has remained unsolved for 17 years. Not anymore. Read my 18-month investigation to find out who Satoshi really is. https://t.co/fPtaK6YHJC
17 years after the white paper, the Bitcoin network is still operational and more resilient than ever. Bitcoin never shuts down.
@SenateDems could learn something from that.
All around the world, people are engaged in difficult labor to produce goods for American consumers.
And in exchange they get pieces of paper that we can basically print as many as we want of.
And yet some claim that we’re the ones getting ripped off.
🚨NEW per my @FoxBusiness colleague @EdwardLawrence: The #crypto executive order has officially been signed.
Here are the details:
📌The Executive Order establishes the Presidential Working Group on Digital Asset Markets to strengthen U.S. leadership in digital finance.
📌The Working Group will be tasked with developing a Federal regulatory framework governing digital assets, including stablecoins, and evaluating the creation of a strategic national digital assets stockpile.
📌The Working Group will be chaired by the White House AI & Crypto Czar @DavidSacks and include the Secretary of the Treasury, the Chairman of the Securities and Exchange Commission, and the heads of other relevant departments and agencies.
📌The White House AI & Crypto Czar will engage leading experts in digital assets and digital markets to ensure that the actions of the Working Group are informed by expertise beyond the Federal Government.
📌The Executive Order directs departments and agencies with identifying and making recommendations to the Working Group on any regulations and other agency actions affecting the digital assets sector that should be rescinded or modified.
📌The Executive Order prohibits agencies from undertaking any action to establish, issue, or promote central bank digital currencies (CBDCs).
📌The Executive Order revokes the previous Administration’s Digital Assets Executive Order and the Treasury Department’s Framework for International Engagement on Digital Assets which suppressed innovation and undermined U.S. economic liberty and global leadership in digital finance.
Coinbase received a Wells notice from the SEC. After years of asking for reasonable crypto rules, we're disappointed that the SEC is considering courts over constructive dialogue. But if courts are required, so be it. We'll defend the rule of law. 1/15 https://t.co/MXpc0RhNj4
A good bitcoiner should defend defi on ethereum when the government attacks it on grounds of surveillance.
A good ethereumer should defend PoW on bitcoin when the government attacks it on grounds of energy use.
The war is money vs state. The latter is powerful. Do not squabble.
There it is! Bloomberg's data team in the process of adding the ProShares Bitcoin Strategy ETF to the terminal. Ticker will be $BITO. 95 bps -- less than half $GBTC's 2% fee. This thing is going live next week. Either Monday or Tuesday.