VanEck Commits to Donating 5% of Spot ETF Profits Over a Decade to Bitcoin Core Developers

In a significant move showcasing dedication to the broader Bitcoin ecosystem, VanEck, a notable investment management firm, has pledged to allocate 5% of profits generated from their Spot Exchange-Traded Fund (ETF), if approved by the SEC, towards supporting Bitcoin Core developers for a period exceeding a decade. 

VanEck has already started this initiative by making an initial $10,000 donation to Brink, an independent nonprofit to support open-source development for Bitcoin.

The announcement underscores the company’s commitment to nurturing and fortifying the fundamental infrastructure of Bitcoin. This initiative aims to provide sustainable support to the developers contributing to the…

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High Fees vs. "High Fees": How I Learned To Stop Worrying And Love The Mempool

The recent surge in Bitcoin’s on-chain fees has reignited a familiar discussion within our community, bringing to the surface diverse perspectives on the implications and root causes of this trend. A faction within the community views these heightened fees as a strategic solution to Bitcoin’s security budget concerns. In contrast, others see them as a formidable barrier, potentially stymieing Bitcoin’s global adoption. This issue is especially pertinent for newcomers in Western markets and communities in the global south, where the proportionally higher transaction costs can be especially burdensome.

The marked increase in fees, denominated in BTC, is primarily driven by the rising…

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What to know as an SEC decision on spot bitcoin ETFs looms

You’ve probably heard that the Securities and Exchange Commission could soon greenlight ETFs that hold bitcoin directly. 

Such an approval would be a first for the US regulator.

Read more: The decade-long road to (possible) spot bitcoin ETF approval

The SEC has a Jan. 10 deadline to rule on one planned spot bitcoin ETF in particular: the fund proposed by Ark Invest and 21Shares. This is because they were the first — among the latest wave of 2023 filings — to re-submit an application for such a fund. 

BlackRock entered the race to launch a spot bitcoin ETF in June, starting a cascade of new and renewed efforts from a dozen or so issuers.

Analysts expect the regulator could rule…

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Top Trending Crypto Coins of The Day

BIGCAP COINS:

  1. Solana: Market Cap of $44.2 Billion.
  2. Bitcoin: Market Cap of $856 Billion.
  3. Cardano: Market Cap of $18.8 Billion.

MIDCAP COINS:

  1. Sei: Market Cap of $1.6 Billion.
  2. Sleepless AI: Market Cap of $152 Million.
  3. Bonk: Market Cap of $696 Million.

RISING COINS:

  1. Steamboat Willie: Market Cap of $5.97 Million.
  2. Powerledger: Market Cap of $353 Million.
  3. Shido: Market Cap of $28.9 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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How RWAs robbed 2023 of its liquidity

We will look back on 2023 as the year when real-world assets (RWAs) finally seized the spotlight they have long deserved. 

Amidst a year marked by diverse sentiment, fluctuating market conditions and rising off-chain yields, tokenized RWAs stepped up to meet the challenge of a looming liquidity crisis in the space. By bringing the “risk-free rate” on-chain, builders working with tokenized T-bills and real estate helped create a critical backstop to prevent even larger capital flight from crypto during the bear market.

Since the inception of DeFi Summer, one fact has been universally acknowledged: DeFi yields surpass those in traditional finance, a clear trade-off for the heightened…

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Clarifying Bitcoin Magazine Editorial Policy on Bitcoin Tokens

The creation of arbitrary tokens on top of the Bitcoin protocol is by no means new.

In Bitcoin’s now 15-year history, there have been many attempts to create compatible protocols that leverage the data storage provided by Bitcoin nodes in an attempt to allow the creation of new cryptocurrencies and crypto assets. There have also been numerous attempts to market these assets to the public via sales, mining schemes, or more creative issuances.

However, in response to the heightened market activity surrounding the BRC-20 protocol, we feel the need to take this opportunity to reassert Bitcoin Magazine’s Editorial positioning.

Effective January 2024:

Bitcoin Magazine remains open to… Read more on BitcoinMagazine

Signs of the next crypto bull run?

As 2023 drew to a close and with the start of 2024, the crypto market is once again experiencing a resurgence, one that is reminiscent of the bull run witnessed back in December 2020. 

The ongoing revival has brought with it a renewed sense of optimism and potential, with investors hoping for a major turnaround.

To this point, since the start of 2023, the market capitalization of the digital asset sector has boomed from $831 billion to over $1.8 trillion, thereby showcasing a growth of nearly 100%.

Thanks to this recent uptrend, it is but natural that people have started drawing parallels between the holiday price action of the last bull run and the current market. However, is this…

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#Bitcoin Fishbone Method

In the dynamic landscape of digital currencies, Bitcoin emerges as a fascinating subject for financial scholars. An infographic, aptly titled “Bitcoin Fishbone Method,” serves as an analytical compass pointing towards a significant valuation milestone: a staggering $500,000 per Bitcoin. This visualization dissects the multifaceted catalysts that could potentially orchestrate such a financial crescendo.

The spine of the analysis rests on widespread adoption across various domains. The branching ribs include cross-border transactions and governmental endorsements, which could bolster Bitcoin’s legitimacy and utility. The commercial embrace by merchants, coupled with the confidence of institutional investors, provides further structural support for this valuation hypothesis.

In the microcosm of Bitcoin enthusiasts—HODLers and Maximalists—lies a potent mix of loyalty and optimism, which constricts supply and fuels demand. The immutable ledger, enhanced by the rapidity of the Lightning Network, offers a secure and efficient transactional avenue.

Furthermore, Bitcoin’s inherent characteristics—its fixed supply cap and permission-less nature—alongside the anticipated ‘halving’ events, are pivotal in its scarcity-driven value proposition.

This exploration, while shedding light on Bitcoin’s valuation journey, also underscores the importance of meticulous consideration by any prospective investor.

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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Bitcoin Perpetual Futures | Understanding The Basics

BitcoinNews.com is not investment advice.

Opinions expressed are entirely their own and do not necessarily reflect those of BitcoinNews.com

For informational purposes only. Individuals and entities should not construe any information on this site as investment, financial, legal, tax, accounting or other advice. Information provided does not constitute a recommendation or endorsement by BitcoinNews.com to buy or sell bitcoin, cryptocurrencies or other financial instruments. Forecasts are inherently limited and cannot be relied upon. Do your own research and consult a professional advisor. The opinion of authors do not reflect those of BitcoinNews.com 

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DeFi hackers ring in New Year with 3 attacks in 5 days

The first week of 2024 already has DeFi users on edge after three security incidents in five days.

Over the new year, South Korean cross-chain bridging project Orbit Chain lost $80 million in assets to hackers who’d raided the protocol’s multi-signature wallet.

The team says it’s now working with domestic and international law enforcement to determine the next steps and ways to execute a viable recovery plan.

On Monday — two days after the Orbit attack — cross-chain money market Radiant Capital lost an estimated $4.5 million in a flash loan attack. 

A bad actor had manipulated the liquidity index of a freshly created native USDC market on Arbitrum to rapidly siphon crypto…

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