💻 Covenants are a potential #Bitcoin upgrade that enable constraints on how coins can be spent, opening the door to features like enhanced scalability, transaction batching, and privacy improvements. Opcodes like OP_CTV (CheckTemplateVerify) could facilitate use cases such as pooled mining and better coinjoin implementations, making Bitcoin more versatile and efficient.
Developers are actively discussing these proposals on the covenants and how they might be implemented.
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🇨🇳 Shares of Chinese Bitcoin miner, SOS Ltd. surge 40%+ after announcing purchase of U.S. $50 million worth of #Bitcoin as a store of value.
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Due to liquidity concerns, :usfed: The U.S. Federal Reserve is projected to increase the global money supply to over $127 trillion during 2025, up from the current $107 trillion, marking a potential 18% increase. :cointelegraph:
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🇯🇵 Metaplanet to raise up to $62 million to buy more #Bitcoin.
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#Bitcoin mining difficulty reaches record high as hash rate surges post-halving, challenging miners with increased competition and energy demands.
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🇨🇦 Vancouver Mayor, Ken Sim, is exploring #Bitcoin as a reserve asset. A motion to make Vancouver a "Bitcoin-friendly city" will be presented Dec 11.
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🇺🇸 Bitwise files :ussec: SEC application for mixed #Bitcoin / Ethereum ETP.
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MIAX exchange lists #Bitcoin ETF options.
🇧🇷 A Strategic Bitcoin Reserve Bill has been proposed to Brazil's Chamber of Deputies
Haha totally but if it was it would not be investing in btc cause it would not be a corporate entity.
I was thinking similar things like, 'maybe rumble and nostr have a mutual interest now... btc. Maybe hosting videos on nostr with rumble as the file host could be fun for a while. 😁
:rumble: Rumble Announces U.S. $20 million #Bitcoin Treasury Strategy.
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Large-scale #Bitcoin acquisitions, such as those by Michael Saylor's MicroStrategy, are often conducted through over-the-counter (OTC) transactions to avoid immediate price impacts on exchanges. OTC trades occur off-exchange, mitigating volatility by keeping the activity private, but they can still influence market dynamics over time. For example, a buyer purchasing 1 million BTC OTC might initially avoid significant price changes, but as liquidity is reduced, future transactions—whether OTC or on exchanges—would likely reflect a tighter supply, causing prices to rise. While OTC trades minimize immediate price disruptions, their effects on market liquidity and pricing emerge gradually.
I would not call it a dump just yet Su-do, it really is that we are having a 5% correction after a 80% run up. I think BTC price will likely range between 90 and 100 for a little while before gathering momentum again.
:microstrategy: MicroStrategy adds ₿55,000 for U.S. $5.4B, boosting its total to ₿386,700 #Bitcoin ($21.9B invested). Avg cost: $56,761/BTC
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Yes I will eventually be moving to a quality incentive structure.
Could 'Overpass Channels', a theoretical trustless and scalable #Bitcoin layer 2 using zero-knowledge proofs for private, censorship-resistant, and instant-finality transactions, offer an edge over the Lightning Network?
Read the paper here: https://eprint.iacr.org/2024/1526
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:trump: Trump Nominee :lutnick: Howard Lutnick is teaming up with :tether: Tether in a U.S. 2 billion dollar #Bitcoin backed lending project.
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The ERCOT region encompasses about 75 percent of the land area in Texas.