How Bitcoin Offers Stability Beyond National Debt

As nations drown in unfathomable debt, Bitcoin emerges not just as a currency, but as a revolution in the financial domain. It’s a stark contrast to the traditional monetary systems, where currencies can be printed at will, leading to inflation and devaluation. Bitcoin, on the other hand, is a symbol of digital scarcity and monetary discipline with its supply capped eternally at 21 million coins.

This cap isn’t just a number; it’s a commitment to value preservation, a feature that’s deeply ingrained in Bitcoin’s code, mirroring the physical limitations of precious metals like gold. The energy that secures every Bitcoin transaction solidifies its position as a currency that’s not just backed by trust, but by provable computational work. It’s a currency that slips from the clutches of centralized control, giving its holders a sense of autonomy over their wealth. In an age where economic uncertainty is the norm, Bitcoin offers a sense of certainty, making it an increasingly attractive option for those looking to hedge against the traditional financial chaos.

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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Resisting the EIA: One Possible Playbook

The Biden Administration has intensified oversight on the U.S. bitcoin mining sector through an Energy Information Agency (EIA) emergency survey, portraying electricity usage by miners as a significant threat to national grid stability. This move, which demands detailed disclosures from miners, mirrors actions in Venezuela that led to mining confiscations, signaling a concerning trend towards a full registry of mining activities. The article advocates for the bitcoin mining community to unite against this overreach, emphasizing the positive impact miners have on grid stability through demand response programs. It critiques the EIA’s legal and procedural justifications, highlighting…

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Ethereum Reaches 20-Month High: ‘Going To $8K+,’ Trader Says

Ethereum ETH/USD surged 4% in the past 24 hours amid NFT trading volumes and an increase in validators.

What Happened: Ethereum’s one-year gain stands at 75%, with the asset reaching its highest level since June 2022. 

The Block data shows an increase in the volume of NFTs traded on Ethereum from Feb. 4 to Feb. 11 ($147.3 million) compared to $71.7 million registered from Jan. 28 to Feb. 4. The current levels are the highest since late February 2023.

The growth is driven by the third-ranked NFT collection, Pudgy Penguins, which is competing with the market cap of its rival, the Bored Ape Yacht Club, owned by Yuga Labs. An update indicated that Pudgy Penguins is developing Pudgy World,…

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Former PayPal CEO Peter Thiel's Founders Fund Bought $100 Million of Bitcoin

Founders Fund, the venture capital firm founded by billionaire Peter Thiel, has invested $100 million in bitcoin, sources exclusively informed Reuters. The firm allocated $200 million to acquire Bitcoin and another cryptocurrency, evenly split between the two. This maneuver further highlights the return of institutional investors to Bitcoin.

Founders Fund, an early institutional investor in bitcoin, initially bought BTC in 2014 but liquidated its holdings before the 2022 crash, earning approximately $1.8 billion. The firm resumed its bitcoin investments last summer, strategically acquiring bitcoin and another cryptocurrency when price was below $30,000.

Thiel, known for his libertarian…

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Bitcoin Magazine Announces Partnership with Unchained to educate the next wave of bitcoiners on how to protect and grow their wealth

NASHVILLE, TN – February 12th, 2024 – Bitcoin Magazine is excited to announce a new partnership with Unchained, the leader in Bitcoin financial services, making them our Official Collaborative Custody and IRA partner in the United States

Traditionally, institutional and enterprise investors, whether acquiring bitcoin itself or its derivatives, have turned to large, publicly-traded custodians to manage their bitcoin. Relying on a single custodian both nullifies most of the asset’s benefits while increasing risk of catastrophic loss that has been all too common throughout Bitcoin’s history.

Together, we understand that bitcoin, properly held, will be at the core of the global…

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Top Trending Crypto Coins of The Day

BIGCAP COINS:

  1. Bitcoin: Market Cap of $957 Billion.
  2. Solana: Market Cap of $48.3 Billion.
  3. Ethereum: Market Cap of $316 Billion.

MIDCAP COINS:

  1. Heroes of Mavia: Market Cap of $247 Million.
  2. Jupiter: Market Cap of $648 Million.
  3. Dymension: Market Cap of $1.0 Billion.

RISING COINS:

  1. Pandora: Market Cap of $242 Million.
  2. MAGA: Market Cap of $118 Million.
  3. SatoshiVM: Market Cap of $27.2 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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Ethereum devs can now deploy apps on Sei’s parallelized EVM

The high-throughput blockchain Sei has upgraded its devnet, a developer-focused kind of testnet, to v2. With the new version, apps developed on Ethereum can be deployed on Sei with no changes. 

Sei is hoping to lure developers with an execution environment it says offers the “best of Ethereum and Solana.”

Sei’s Ethereum-Solana hybrid analogy is based on its use of parallelized processing. In brief, parallelized blockchains process multiple transactions simultaneously rather than one at a time. Solana’s version of smart contracts make use of parallel processing. Ethereum smart contracts do not. 

Sei is one among multiple studios courting developers with the promise of a…

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LATEST: Bitcoin ETFs Absorb Ten Times More BTC Than Miners’ Output

Spot Bitcoin ETFs attracted a staggering $493.4 million, equating to about 10,280 Bitcoin, on Feb. 12, dwarfing the Bitcoin mining output of just 1,059 BTC, valued at approximately $51 million. This represents a tenfold increase in investment in ETFs compared to what was produced by mining, showcasing a soaring demand for Bitcoin in the investment sector. Leading the charge was BlackRock’s iShares Bitcoin Trust with an inflow of $374.7 million, followed by Fidelity’s Wise Origin Bitcoin Fund at $151.9 million, and Ark 21Shares Bitcoin ETF with $40 million. Despite some outflows from Grayscale and Invesco Galaxy ETF, the overall investment into Bitcoin ETFs suggests a significant shift towards digital asset investments among investors. This trend, echoed on Feb. 9 with ETFs drawing in 12,700 BTC against 980 BTC from mining, indicates a growing investor confidence and a bullish outlook for Bitcoin’s market cap and its future in the financial landscape.

Joe Biden | Laser Eyes Meme

On February 12, President Joe Biden’s social media post caused a stir in both political and Bitcoin circles. An images of him sporting “laser eyes meme” has sparked speculation and debate. But what does it really signify? Let’s delve into the mystery behind President Biden’s unexpected digital makeover.

Unraveling the “Laser Eyes Meme” Phenomenon

President Biden’s adoption of the “laser eyes meme”, typically associated with bitcoin maximalism, has turned heads across social media platforms. This trend, popularized by celebrities and influencers, has taken on a life of its own within the Bitcoin community. But is President Biden’s embrace of this symbol a genuine…

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Bitcoin Rally | Reclaiming Of $50,000 After Two Years

Bitcoin’s price surged past the $50,000 mark on Monday, signaling a potential end to the 1-month-long selloff in Grayscale Investments’ spot fund.

Bitcoin rally to $50,000 coincided with increased inflows into spot Bitcoin Exchange-Traded Funds (ETFs) over the past week, reaching over $1.1 billion in net flows as outflows from the Grayscale Bitcoin Trust (GBTC) continue to slow down.

Weekly digital asset flows — Source

CoinShares’ report on February 12 highlighted the substantial inflows into newly issued spot-based Bitcoin ETFs in the US, totaling $2.8 billion since their January 11 launch.

However, it acknowledged that the potential sale of the Genesis holdings of $1.6 billion GBTC…

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