The Bitcoin Asia conference held on May 9 and 10, 2024 in Hong Kong demonstrated a significant milestone in the adoption of bitcoin as a legitimate medium of exchange.

This article outlines the strategies and technologies implemented to facilitate seamless bitcoin transactions for goods and services over the two days, leveraging the capabilities of self-custodial payment processing through BTCPay Server.

Executive Summary

Throughout the event, 212 Bitcoin transactions were processed, involving four vendors and totaling 7,714,253 sats, equivalent to 36,974.63 HKD.

The average transaction was approximately 36,560 sats (about 175 HKD). Notably, the system maintained full operational uptime with…

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Regulators are urging exchanges seeking to offer spot ether (ETH) exchange-traded funds (ETFs) to quickly update crucial documents. The U.S. Securities and Exchange Commission (SEC) has requested these updates promptly, according to sources.

This could indicate a readiness to approve these ETFs soon, especially with an important deadline this Thursday. However, approval isn’t guaranteed. Companies must also get their S-1 applications approved before trading can begin, and the SEC has no set timeline for this, potentially delaying the process.

The Blockchain Association has been making a significant push ahead of the Financial Innovation and Technology for the 21st Century Act (FIT21 Act), and we are hopeful that Speaker Johnson and Representative Jeffries will support this much-needed legislation.” This makes a venture into the legislative area, though it is all about regulatory clarity and focuses on making U.S.-based firms world leaders in fostering innovation and providing consumer protection in the technology sector.

FIT21, The Act: broad support from The Crypto Council for Innovation, and 60 and more entities, including some industry key players, like Andreessen Horowitz, Coinbase, and Circle. Also, some important industry players have come out in support of it: Rep. French Hill, who says the act will make market integrity simpler and ensure the U.S. competitive position in blockchain and fintech.

The FIT21 Act is therefore hoped to boost the necessary impetus: finally providing the clear identification of the regulated spheres of CFTC and SEC in the markets of digital assets, with stable investments and sustainable growth, it is going to fundamentally enhance America’s position in the world digital economy, ensuring long-term innovation and international competitiveness.

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Let me start off by acknowledging that Ordinals are amazing! Ordinal Theory is a very clever method of tokenizing individual satoshis and Casey Rodarmor deserves high praise and recognition for gamifying the blockchain and Making Bitcoin Fun Again. For the first time in the history of Bitcoin, we have NFTs on the heaviest proof-of-work chain, preserved indelibly forever!

Okay, now that we got that out of the way, let’s dive into some “inconvenient” history. Ordinals was not the first — far from it. Tokens have existed on meta layers on top of…

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At the MicroStrategy World: Bitcoin for Corporations conference, Nathan McCauley, co-founder and CEO of Anchorage Digital, shared his thoughts on the growing rate of institutional Bitcoin adoption.

Anchorage Digital, the only federally-chartered bitcoin bank and a leading institutional custodian, plays a crucial role in facilitating this transition to bitcoin becoming an asset in which institutions invest by providing secure storage and trading solutions for the asset. 

In an interview with Bitcoin Magazine, McCauley discussed the company’s mission, the evolving interest from institutions, and how Anchorage’s clients are dealing with bitcoin’s volatility among other topics.

The Rise of… Read more on BitcoinMagazine