The final agreement between the Texas Blockchain Council & Riot Platforms, Inc., and the Energy Information Administration has just dropped, and it’s a good one.

In sum, the EIA will voluntarily terminate the illegal EIA-862 collection action they initiated, and they will commit to destroying all the information that they have received and may still receive under the EIA-862. Furthermore, they will also cancel and withdraw the February 9th, 2024 notice for collection, replacing it with a new Notice.

This new notice will run for a full 60 days from the date it is released in the Federal Register, and the EIA also has consented to ensure that any comments which have been received on the…

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The Hungarian government has introduced draft legislation that would permit banks, investment funds, and asset managers to provide Bitcoin and other cryptocurrency services. This move aims to align Hungary’s regulatory framework with relevant European Union legislation and formalize the crypto market in the country. The proposed regulation designates the Hungarian Central Bank, Magyar Nemzeti Bank (MNB), to oversee crypto services nationwide, with plans to enact it by June 30. Despite the initiative, no digital currency is currently recognized as legal tender in Hungary. Meanwhile, tensions have escalated between the Hungarian government and the MNB, with Central Bank Governor Gyorgy Matolcsy accusing the government of attempting to undermine the central bank’s independence. The government, led by Prime Minister Viktor Orban, defends the proposal as a measure to enhance transparency and responsible financial management, without encroaching on monetary policy decisions. This development underscores Hungary’s efforts to navigate the regulatory landscape of cryptocurrency while addressing internal governance issues within the financial sector.

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BIGCAP COINS:

1. Bitcoin: Market Cap of $1.2 Trillion.
2. Solana: Market Cap of $58.3 Billion.
3. Ethereum: Market Cap of $409 Billion.

MIDCAP COINS:

1. Pepe: Market Cap of $1.6 Billion.
2. dogwifhat: Market Cap of $969 Million.
3. Portal: Market Cap of $306 Million.

RISING COINS:

1. Mog Coin: Market Cap of $190 Million.
2. Pandora: Market Cap of $271 Million.
3. PepeFork: Market Cap of $138 Million.

Disclaimer: Market capitalizations can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

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2024 has been a landmark year for Bitcoin, with the cryptocurrency reaching a staggering $64,400 high, reinforcing its status in the financial stratosphere. February saw a colossal surge, with a +44% increase, indicating a robust appetite for Bitcoin as both an investment and a revolutionary currency. The digital currency’s climb to the world’s fifth most valuable currency is not merely a triumph but a sign of the changing tide in global finance.

Institutional investors have taken note, with entities like BlackRock’s Bitcoin Trust leading in trading volume, signaling Bitcoin’s mainstream market embrace. With a year-to-date return of +47.8%, Bitcoin’s resilience and potential as an inflation hedge are unmistakable. This record-breaking milestone cements its position as a premier asset, reshaping the future of investment amidst a shifting economic landscape. Bitcoin’s journey is far from over; it’s just beginning to unlock its limitless potential.

Disclaimer: Market capitalizations and data can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

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BlackRock’s IBIT, a spot bitcoin exchange-traded fund (ETF), has swiftly amassed $10 billion in assets under management, just seven weeks post its launch on January 11. This surge signifies a substantial investor confidence, with BlackRock’s ETF outpacing competitors by securing over 162,000 BTC. In comparison, Fidelity’s FBTC ETF follows with over 105,000 BTC in assets. Bloomberg’s ETF analyst highlights IBIT’s rapid entry into the exclusive $10 Billion Club, underscoring the significant investor influx contributing to this growth. Amidst this, other spot bitcoin ETFs collectively exceed assets worth over $21 billion, with Ark Invest’s ARKB trailing. This trend reflects a broader shift towards U.S. ETFs, possibly driven by the allure of lower fees and the promise of greater market appreciation. Despite a decrease in net inflows, the investment in U.S. spot bitcoin ETFs remains robust, underlining a continued investor enthusiasm for bitcoin and its burgeoning market presence.

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Instant settlement profoundly transforms our behavior as it reconnects us with the elemental laws of nature. The existing paradigm mirrors the primal imperative of reaping benefits in exchange for labor–working to survive, but the pay-per-time system in the labor market is creating the incentive to get something for nothing. In the whole “fiat stack,” everyone optimizes their efforts to achieve this on different levels, as I explain below. How can I get money for nothing? As we explore the effects of instant settlement across diverse industries, a fundamental divide between workers and clockwatchers emerges, as I have argued throughout this series. Fiat payments work without…

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I wanted to share some thoughts on a seemingly overlooked innovation that has come to Bitcoin within the last year, called Bitpacs.

Bitpac stands for a Bitcoin Based Publicly Auditable Cooperative. Bitpacs are essentially normal bitcoin multisig wallets with the additional introduction of public auditability. Traditionally in a multisig setup, participants of the multisig are not disclosed. In a Bitpac multisig, participants are intentionally made public, which allows for transparent auditability. With this transparency, unique features, tooling, rules, and transaction crafting is possible. The goal of Bitpacs is to emulate the familiar DAO experience on other chains.

DAO’s are…

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In a significant move, the United States government has transferred a staggering amount of its seized bitcoin (BTC), totaling almost $920 million, from wallets linked to the infamous 2016 Bitfinex hack. This action comes amidst a remarkable surge in the value of bitcoin, with prices soaring to new heights.

US Government Transfers Seized Bitcoin

The U.S. government orchestrated the transfer of seized bitcoin from two wallets associated with the Bitfinex hack. According to reports from Arkham Intelligence, the transfers occurred in multiple transactions on February 28th, coinciding with bitcoin’s price breaching the $60,000 mark.

On February 28, the initial transfer of 1 BTC took place….

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