Riot Platforms Executive Offers 6 Tips for Bitcoin Users

Pierre Rochard, Vice President of Research at Riot Platforms, recently took to social media platform X to share insightful advice with Bitcoin users.

Of course you’re free to do whatever you want, but here’s some advice:1. Don’t borrow against your #btc2. Don’t lend your #btc3. Don’t daytrade your #btc 1. Do gradually accumulate #btc2. Do self-custody your #btc3. Do study how #bitcoin worksWhat would you add?

— Pierre Rochard (@BitcoinPierre) December 27, 2023

As the Bitcoin landscape continues to evolve, Rochard’s tips ensure prudent management and a comprehensive understanding of the digital asset. Let’s delve into each piece of advice and explore its significance…

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LATEST: Vitalik Buterin’s Push For A Lighter, More User-Friendly Proof-of-Stake (PoS) Model

Vitalik Buterin, Ethereum’s co-founder, has unveiled a plan to overhaul its blockchain, aiming to simplify the proof-of-stake (PoS) system. His proposal, announced on December 28, suggests reducing the validator signatures from 28,000 to about 8,192 per slot, addressing the network’s current overload. This change promises easier protocol management and stronger quantum resistance, while maintaining high standards for validator behavior. Buterin offers three potential paths: decentralized staking pools, a dual-tiered staking system, and rotating committees. This innovative strategy marks a significant step towards a more efficient and accessible Ethereum blockchain.

Check Out the Top Crypto Gainers of the Day

  1. Bitcoin SV (BSV): 63.0%
  2. SKALE (SKL): 36.0%
  3. EthereumPoW (ETHW): 24.4%
  4. Aave (AAVE): 21.8%
  5. Arbitrum (ARB): 21.0%
  6. XDC Network (XDC): 19.1%
  7. dogwifhat (WIF): 19.0%
  8. UniLend Finance (UFT): 18.6%
  9. Lido DAO (LDO): 17.6%
  10. Bitcoin Cash (BCH): 16.6%

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.

As bitcoin ETF saga hits possible homestretch, here’s what to watch for

As industry watchers eye the potential approval of spot bitcoin ETFs, one analyst says specific application updates in the coming days could be the difference between firms being able to launch such products, and not. 

The US Securities and Exchange Commission is set to rule on a spot bitcoin ETF proposal by Ark Invest and 21Shares by Jan. 10. Some segment observers have said they expect the regulator to rule on other similar planned products at that time.

The regulator set a Dec. 29 deadline for fund groups to submit final updates to their bitcoin ETF filings, Reuters reported last week, citing unnamed firm executives.  

Would-be issuers of these funds have met with the SEC in…

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Bulgaria ends investigation into Nexo

Bulgaria announced that it ended its investigation into Nexo on the grounds that it found no evidence of crime.

The crypto company was first probed by Bulgarian officials in January of this year. Law enforcement raided the company’s offices in an attempt to uncover alleged financial crimes, from tax evasion to fraud.

At the time, a Nexo spokesperson told Blockworks that the officials were “inquiring about a Bulgarian entity of the group that is not customer-facing but only has operational expense-related functions — payroll, customer support, back office.”

Read more: Nexo office in Bulgaria raided in sanctions probe

“There is no evidence of criminal activity in various forms…

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Bitcoin Mining: A Path To Electrifying The World

In many parts of the world, access to electricity is a luxury that we often take for granted. Sub-Saharan Africa (SSA), for example, faces a severe electricity deficit, with over 600 million people without power. This deficit leads to economic stagnation, reduced food production, poverty, and even civil unrest. The correlation between electricity access and economic growth is undeniable, and regions with less than 80% electrification rates consistently suffer from reduced GDP per capita. The challenge lies in expanding electrical infrastructure to these underserved areas, which is capital-intensive and often financially unfeasible for governments with limited resources. This is where…

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Ark Invest’s December sales of Coinbase, GBTC approach 3.7M shares

Ark Invest has sold off more than 1.5 million shares of Coinbase stock so far this month at the end of a year in which the stock price has seen major gains.

The firm has offloaded even more shares of the Grayscale Bitcoin Trust (GBTC) in that span.

Coinbase’s stock price was trading roughly $184 on Wednesday at 12 pm ET, up nearly 54% from a month ago and 449% year to date. That makes Ark’s Coinbase stock sales this month — totaling 1,535,789 as of Dec. 26 — worth about $282.5 million, according to Blockworks’ review of trade notifications. 

The asset manager has long been bullish on Coinbase, particularly after Coinbase partnered with fund giant BlackRock last…

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Hong Kong to create regulatory regime for stablecoin issuers

Hong Kong is beginning a consultation period on a new regulatory regime for stablecoin issuers in the city, the Hong Kong Monetary Authority (HKMA) announced Wednesday. 

The HKMA released a thirty-page consultation paper for public comment until Feb. 24. Under the framework outlined in the paper, stablecoin issuers operating in Hong Kong would need to obtain a license from the monetary authority. 

The consultation paper says stablecoin issuers should have “full backing” for all their circulating stablecoins. Notably, Terra’s algorithmic UST stablecoin was only partially backed before collapsing in mid-2022. The HKMA said UST’s de-peg “highlighted the urgency” of having…

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Top 10 Trending Crypto Coins of The Day

  1. Tectum: Market Cap of $95 Million.
  2. inSure DeFi: Market Cap of $138 Million.
  3. BNB: Market Cap of $47.6 Billion.
  4. Optimism: Market Cap of $3.7 Billion.
  5. Arbitrum: Market Cap of $1.8 Billion.
  6. Metis: Market Cap of $407 Million.
  7. Neon: Market Cap of $187 Million.
  8. Sei: Market Cap of $1.0 Billion.
  9. Celo: Market Cap of $447 Million.
  10. Bonk: Market Cap of $913 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.

States, not Washington, will lead crypto regulation in 2024

While Presidential candidates tour the country, hoping to court the crypto community with federal policy frameworks and tax proposals, it’s governors and legislatures at the state level that are taking decisive action on meaningful digital asset regulations. 

Blockchain enthusiasts focusing only on what’s happening around Washington are missing the forest for the trees. 2023 was a pivotal year for state digital asset policy, and 2024 promises even bigger implications for both businesses and consumers. 

This year was dominated by California Governor Gavin Newsom’s signing of Assembly Bill 39 into law. The bill, the Digital Financial Assets Law (DFAL), establishes comprehensive…

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