You might have heard about BIP-110; here’s why this fork is not just bad for Bitcoin, but it is built on a misunderstanding of what a Bitcoin node is and what it is good for. As well as why, because of this misunderstanding, BIP-110 will fail. 

This article is a Take. Opinions expressed are entirely the author’s and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.

BIP-110 is a Bitcoin Improvement Proposal titled as a Reduced Data Temporary Softfork. The BIP proposes a consensus change to Bitcoin, which attempts to limit the types and amounts of arbitrary data that can be added to consensus-valid transactions by limiting a wide range of Bitcoin’s scripting…

Read more on BitcoinMagazine

Tech entrepreneur Jack Dorsey has announced a new group chat platform aimed at reducing teams’ reliance on platforms like Slack, in the Bitcoin maxi’s latest push for decentralization. 

The Block co-founder wrote Tuesday on X that the new app, named Buzz, was “for teams of people and agents of all sizes” and “model-agnostic, decentralized, self-sovereign, and open source.”

Described as “A new native workspace for human and agent teams” on its website, Buzz users can “chat with teammates and specialized agents in one shared space, then move straight into planning, project management, coding, and PRs.”

A statement from parent company Block said that the new…

Read more on BitcoinMagazine

Crypto giant Coinbase is making its “everything exchange” push in Canada. 

Eric Richmond, country director and CEO of Coinbase Canada, told BNN Bloomberg in a Tuesday interview that the move would allow Canadians to not only buy crypto but also trade tokenized stocks and put money on prediction markets. 

“Coinbase believes we have a new technology here that can really help with that, and that’s blockchain and the technology that underpins crypto today,” Richmond said in the interview. “How do we create that one place for Canadians to have their entire financial experience in one app that’s underpinned by this technology that makes things frictionless, seamless, and…

Read more on BitcoinMagazine

The White House is pushing Senate Democrats to accept a conflict-of-interest agreement that President Donald Trump worked out with Republicans, a move that negotiators hope will settle the last major dispute in the Digital Asset Market Clarity Act.

A White House official, who spoke on the condition of anonymity, told CoinDesk that Trump “has agreed to the most comprehensive and wide-ranging ethics provision in history.” 

No details have emerged on what crypto restrictions Trump has consented to, and Democrats have been kept out of the loop on the provision.

The ethics section would restrict senior government officials from personal business ties to the crypto industry, including…

Read more on BitcoinMagazine

Hyperscale Data, Inc. has announced that it’s upped its Bitcoin holdings to over 1,000 digital coins. 

The New York Stock Exchange-listed company said Tuesday that it had over 1,087.4527 BTC as of Sunday — or $72.4 million based on today’s prices.

The holdings are split across the company’s wholly owned subsidiaries, Sentinum, Inc. and Ault Capital Group, Inc. (ACG). During the week ended July 19, ACG added roughly 51.5 bitcoin through open-market purchases.

The latest disclosure marks a significant acceleration in Hyperscale Data’s accumulation strategy. The AI data center company held just 627.9 BTC in late March 2026 — meaning it has nearly doubled its…

Read more on BitcoinMagazine

Senator Kevin Cramer said the Senate has moved close to a deal on the Clarity Act, the crypto market-structure bill, with a fresh set of amendments on ethics and enforcement before Democrats for review.

The North Dakota Republican, a member of the Senate Banking Committee, told Fox Business on Tuesday that the bill grows “clearer” as “each issue gets dealt with,” and that “we’re almost there.” He said the largest holdup is Democrats reading the new amendments, “some of them relevant to the ethics piece.”

The central compromise Cramer described concerns who enforces the law. He said there appears to be “some agreement that the Department of Justice would be…

Read more on BitcoinMagazine

Bitcoin’s price jumped Tuesday to its highest in over one month, bringing crypto stocks like Bitcoin treasury’s Strategy with it. 

The Bitcoin price was recently priced at $66,886, up nearly 3% in 24 hours. Over the past seven days, the leading cryptocurrency has risen by close to 6%. 

Its rise comes as stocks also trade higher — despite tensions in the Middle East flaring up again. 

Nasdaq-listed Strategy (MSTR), formerly MicroStrategy, also jumped above $100 per share on Tuesday. 

The price jump comes even as the Bitcoin juggernaut on Monday revealed it did not make its usual crypto buy, instead reporting the sale of a $225 million in MSTR shares, which it used…

Read more on BitcoinMagazine

Treasury Secretary Scott Bessent said on Fox News on Tuesday that the United States froze a crypto wallet linked to Iran’s Islamic Revolutionary Guard Corps worth $130 million, part of a campaign to track the assets of Iran’s supreme leader around the world.

“We are tracking these accounts all over the world,” Bessent said, in remarks that framed the Treasury work as one prong of an “economic fury” push against Tehran alongside a blockade. “We froze a crypto wallet linked to the IRGC the other day.”

He said investigators had “found the money man for the Ayatollah” and were tracing the holdings of Ali Khamenei, including properties he valued at more than $100…

Read more on BitcoinMagazine

Russia’s State Duma passed a law on Tuesday that regulates the circulation of crypto and digital rights for the first time, a framework that sets rules for crypto exchanges, digital depositories, and investors while it opens a state-supervised channel for cross-border trade.

Lawmakers cleared bill No. 1194918-8, “On Digital Currency and Digital Rights,” in its second and third readings, the final stage in the chamber, according to semi-official Russian news agency Tass. 

The measure heads to the Federation Council and to President Vladimir Putin for a signature, a process expected to take two more weeks before the law takes effect. It caps a sweeping regulatory push that has…

Read more on BitcoinMagazine

Galaxy Digital launched a Bitcoin Quantum Readiness Initiative today, a program that commits up to $5 million in developer grants, a research effort, and a new advisory council to harden the network against the arrival of powerful quantum computers.

The Nasdaq-listed firm framed the multi-pillar effort as an attempt to close a gap between two worlds moving at different speeds. 

“There’s a gap between the quantum computing world, which is moving fast, and the Bitcoin development world, which is just beginning to engage with post-quantum cryptography in earnest,” said Alex Thorn, head of firmwide research at Galaxy, whose team has tracked the threat for Wall Street and cast…

Read more on BitcoinMagazine