Bitcoin’s fourth mining-reward halving is just two days away. The quadrennial event will reduce BTC’s per block emission to 3.125 BTC, cutting the pace of new supply by 50%. Previous halvings preceded massive multimonth rallies in BTC, and the crypto community is confident history will repeat itself. Investment banking giant Goldman Sachs, however, cautioned its … Read more
The investment by P2 Ventures will go to founders through Hadron FC, a founder program with campuses in Dubai and New York, according to a press release. The program comes with mentorship, legal and regulatory assistance, networking opportunities and “comprehensive support to navigate the complexities of startup development and raise capital,” the release said. Among … Read more
The bill created a $10 billion limit for non-depository trust institutions to be able to issue payment stablecoins. Once the issuer exceeds that amount, it must be “a depository institution that has been authorized as a national payment stablecoin issuer,” the bill’s text said. At present, the largest U.S.-based stablecoin issuer, Circle (with $33 billion … Read more
Mostly thanks to boosted demand from the spot ETFs, bitcoin by mid-March had risen nearly 70% for 2024 to a new record above $73,000. The rally has stalled since, with the price now more than 15% below that all-time high. The reasons for the pullback are up for debate, but for the last month, sellers … Read more
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Congress has for years struggled to get any new laws passed for cryptocurrencies, providing greater clarity sought by both critics and proponents of digital assets. Stablecoin legislation may, nonetheless, be the lowest-hanging fruit given that stablecoins strongly resemble other regulated products like money-market funds, and there’s a strong incentive to create guardrails since they own … Read more
“Many banks, endowments, and pension funds worldwide are only now beginning their due diligence processes before considering strategic allocations to BTC through newly launched ETFs,” Kerbage continued. “As these large financial institutions make decisions over the coming months, it is likely that inflows will increase once again, potentially reaching new milestones for what has been … Read more
The biggest difference between the 2020 halving and the 2024 halving is skyrocketing institutional demand. Prior to the previous halving, institutions were on the sidelines. The market was dominated by retail investors. Since then, the market dynamic has drastically shifted. As one example, MicroStrategy didn’t make its first BTC purchase until August 2020. As of … Read more
We may not need to reuse OpenStack directly, but we need to build something similarly usable (and similarly reliable, which is the difficult part). We will have to blend our home-grown incentive structures with Web2 and cloud hyperscaler monitoring, compliance and security technologies in order to succeed. We need to design hybrid centralized/decentralized SLAs (service … Read more
Bitcoin miners who have not optimized their existing infrastructure, built their own high-performing data center team, developed their own software stack, and managed their power contracts effectively will face a difficult period after the halving. They will be highly vulnerable to larger players who have the infrastructure to dramatically improve their operations. As a result, … Read more