BlackRock Bitcoin ETF, with symbol $IBIT, has clinched the competition of the fastest ETF in terms of garnering $20 billion in assets in a mere 137 days’ span, breaking the previous record of $JEPI, which garnered the same amount of money in 985 days. This history-making movement of $IBIT defines the bullishness of the investors for Bitcoin more than any other asset class.
Founders: Will Reeves and Matt Luongo
Date Founded: 2014; Most recent iteration of company: 2019
Location of Headquarters: Remote
Amount of Bitcoin Held in Treasury: “Stacking since the founding of Fold”
Number of Employees: 22
Website: https://foldapp.com/
Public or Private? Private
Will Reeves wants Fold to be your bitcoin bank.
This may sound counterintuitive to hardcore Bitcoiners who believe that Bitcoin was created to replace banks, but Reeves, co-founder and CEO of Fold, an app that allows Bitcoin enthusiasts to earn bitcoin rewards on everyday purchases as well as DCA into bitcoin, sees things more pragmatically.
He believes that Fold will be the ultimate app to connect Bitcoin to not…
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Cybercrime is a growing scourge that shows no signs of slowing down anytime soon without a serious game changer to stem the tide.
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Just recently, Bitcoin underwent its most recent halving event. As usual, this meant a 50% reduction in block subsidy rewards for all miners.
Halving events are generally seen as bullish for bitcoin’s market price; however, the immediate effect is a drop in revenue for those mining bitcoin.
That’s not all that’s different with Bitcoin, though. New protocols are changing the way users engage with the network, pushing up fees and, in many ways, offsetting the losses that come with a halving. Unfortunately, this is also causing issues with blockspace and network congestion.
Many Bitcoiners argue against bringing Ordinals, Runes and other meta-protocols to Bitcoin because they…
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Bitcoin exchange-traded funds (ETFs) have reached an unprecedented milestone, collectively holding over 1 million bitcoin (BTC), a significant 5% of the total circulating supply of bitcoin worldwide.
This achievement marks a major development in the market, underscoring the growing mainstream acceptance of Bitcoin as a legitimate asset class.
As of May 24, 2024, more than 30 Bitcoin ETFs together hold 1,002,343 BTC, valued at approximately $70.5 billion. The bulk of these holdings are concentrated within U.S.-based spot ETFs, which have quickly gained traction since their launch in January 2024.
Notably, the Grayscale Bitcoin Trust (GBTC) and BlackRock’s iShares Bitcoin…
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Succinct Labs and Polygon Labs introduce pessimistic proofs via SP1 zkVM, enhancing cross-chain security and simplifying ZK development.
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The AI industry could be on the brink of a significant breakthrough, according to Salesforce AI’s Clara Shih.
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The authority’s suspicion was based on Wen’s change in lifestyle. In 2017, she reportedly moved to a six-bedroom mansion in North London.
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Marathon Digital Holdings, the largest publicly listed Bitcoin mining firm by market capitalization, recently announced a landmark $80 million partnership with Kenya’s Ministry of Energy and Petroleum.
This collaboration aims to bolster Kenya’s renewable energy infrastructure, advance its digital asset ecosystem, create jobs, and drive economic growth.
Jayson Browder on X
Kenya, a strategic non-NATO ally of the United States, often flies under the radar despite its forward-thinking tech policies.
With approximately 80% of its energy derived from renewable sources such as wind, solar, hydroelectric, and geothermal, Kenya presents an ideal environment for…
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DLC.Link CEO Aki Balogh tells The Agenda how DeFi on Bitcoin will unlock BTC’s potential for collateral, yield farming and more.
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