Digital Gold: Understanding Bitcoin’s Parallel to the Timeless Asset

Bitcoin, commonly known as “digital gold,” embodies a profound analogy that encapsulates its unique qualities mirroring those of the traditional safe-haven asset, gold. This comparison transcends mere poetic metaphor, as it is deeply rooted in the intrinsic characteristics that BTC shares with gold. Yet, the modern digital counterpart of gold has the potential to transcend the limitations that allowed gold to be captured by those with a money printer.

The Scarcity Principle: A Shared Trait of Bitcoin and Gold

One of the most striking similarities between Bitcoin and gold is their scarcity.

Bitcoin, by design, has a capped supply of 21 million coins. This finite availability…

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BTC ETF Is Biggest Wall Street Development in 30 Years: Saylor

Michael Saylor, the former chief executive and the Executive Chairman of MicroStrategy, made a bold statement regarding the approval of a Spot Bitcoin Exchange-Traded Fund (ETF) in the United States. The Bitcoin enthusiast claims that the BTC ETF is the biggest development on Wall Street since the introduction of the S&P 500 index fund.

“It’s not unreasonable to suggest that this may be the biggest development on Wall Street in 30 years,” Saylor said in an interview with Bloomberg on December 19, while adding:

“The last thing that was this consequential was the creation of the S&P index and the ability to invest in all 500 S&P companies via one trade at the same… Read more on bitcoinnews

Elastos BeL2 | Smart Contracts And DeFi On Bitcoin

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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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Ethereum’s Christmas Odyssey: A Journey Through Price History

As the festive season rolls in with the jingle of sleigh bells, let’s take a sleigh ride through the wintery landscape of Ethereum’s price movement over the Christmases past. From the humble beginnings at just $0.91 back in Christmas of 2015, Ethereum has been on a wild ride, soaring to a cozy $7.30 in 2016, akin to finding a surprise gift under the tree.

2017 saw Ethereum’s price explode like a New Year’s firework to $691.7, making it more than just merry for crypto enthusiasts. The following year, it settled down to a calmer $139.2, reminding us that what goes up must come down. But the story didn’t end there. Ethereum, like a seasoned caroler, came back strong with $127.8 in 2019, then reached new heights with $613.3 in 2020, glowing as brightly as Rudolph’s nose.

2021 was the year Ethereum donned its Santa hat, gifting investors with a hefty $4052, but as the sleigh glided into 2022, the price was trimmed down to a still-impressive $1202. As we decorate our trees and hang our stockings, one question twinkles brighter than the star atop the tree: What will Ethereum be worth in Christmas 2023?

While we can’t predict the future, Ethereum’s past performance has certainly given investors something to talk about over eggnog. And as any seasoned investor would say, past performance is not indicative of future results, but it sure adds an element of excitement to the holiday cheer!

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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Check Out the Top Crypto Gainers of the Day

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  5. IoTeX (IOTX): 27.2%
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  10. Helium Mobile (MOBILE): 20.7%

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.

Global securities regulator says governments need to know who runs DeFi protocols

The International Organization of Securities Commissions (IOSCO) published its decentralized finance (DeFi) policy recommendations this week, and it’s advising jurisdictions to figure out who is behind so-called “leaderless” protocols. 

DeFi’s anti-centralized body nature makes regulating the industry a challenge, IOSCO said in its latest report, so identifying “responsible persons” is essential. 

“A regulator should aim to identify the persons and entities of a purported DeFi arrangement that could be subject to its applicable regulatory framework,” the report read. “These responsible person(s) include those exercising control or sufficient influence over a…

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With days left, analysts hold out hope for new crypto highs in 2023 

Bitcoin breached $44,000 on Wednesday as traders continue to bet that a bitcoin spot exchange-traded fund will hit the market in 2024. 

Bitcoin (BTC) had posted a mild correction earlier this month, which traders chalked up to an expected dip after an explosive rally. Bitcoin has gained more than 63% since mid-October. 

Ether has followed a similar pattern during the final quarter of the year, gaining more than 45% in the same timeframe. Ether (ETH) was trading mostly flat at time of publication, hovering around $2,180 after hitting a high of $2,262 earlier Wednesday. 

With 11 days to go before New Year’s, analysts have not given up hope that bitcoin could break a new 2023 record…

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Bitcoin blockspace isn’t too expensive, you’re just too cheap

Crypto is stuck on a forever problem: Blockchains are too expensive when lots of people want to use them at the same time. 

Except, it doesn’t have to be that way. Blockchains can be easily scaled with some old-fashioned cognitive reframing.

The fees aren’t out of control — it’s just price discovery. 

Inscriptions are some of the purest forms of implied digital scarcity in the crypto space today. It used to be that crypto investing meant betting that a blockchain with its own mascot dog would probably be pretty valuable.

That devolved into gambling that tokens with only their own mascot dogs and little else might be worth even more. NFTs then made it possible to do away with…

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Bitcoin As A CBDC

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“What luck for rulers that men do not think.”

– Adolf Hitler

Bitcoin will not kill the U.S. dollar. It will become the U.S. dollar, with all controls and restrictions that any CBDC issuer could dream of. “Impossible!” I hear you crying out, giggling to myself in the face of the utmost ignorance that seems to have accumulated quadratically with bitcoin’s price increase. “Bitcoin is freedom money!”

And this is where you’re wrong. Bitcoin is anything we make it out to be. It’s a technology just…

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