Transaction URL: https://blockchain.com/btc/tx/c9111ed9972d203e55194260c656b42437489cf8c3bce9a944086cf26aa09877
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Recently, the notion of a Strategic Bitcoin Reserve has begun to animate Bitcoiners. Trump has advocated for holding a stockpile of seized Bitcoins, but certain proposals have gone further. Now, draft legislation like Senator Lummis’ BITCOIN Act proposes that the US government acquire 1m BTC over five years. Among Bitcoin enthusiasts, the notion of a Strategic Reserve is almost a foregone conclusion. But I don’t think it’s likely, nor do I think it’s a good idea. Allow me to explain.
Are we talking about a stockpile, a sovereign wealth fund, or a reserve?
First, there’s the notion of a “stockpile” of Bitcoins. Trump committed to this in his pre-election speech in Nashville,…
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BPCE, a leading French financial institution, has announced a groundbreaking move into the cryptocurrency market. Following the approval from the French regulator Autorité des marchés financiers, BPCE’s subsidiary Hexarq has secured a virtual assets service provider license. This allows them to offer Bitcoin and other cryptocurrency purchases, catering to the growing demand among French consumers.
Hexarq’s new status as a registered PSAN enables BPCE customers across its Banque Populaire and Caisse d’Épagne networks to buy and sell cryptocurrencies via a dedicated Hexarq app. This strategic initiative positions BPCE to retain customers and enhance its competitiveness in the rapidly evolving financial sector.
The move reflects a broader trend of accelerating global adoption of cryptocurrencies. With Hexarq established in 2021, BPCE is now the second French bank to step into the crypto space following the AMF’s recent regulatory approvals. This proactive approach by the AMF aligns with the upcoming comprehensive MiCA regulations set to reshape the European crypto landscape in December 2024.
Overlord.bot is the first autonomous Trader AI Agent built on Arbitrum and living on X (previously Twitter) as @OverlordBot_. Users can interact with Overlord on X to convince him to pump any token living under its reign.
Overlord reinvents how users and AI Agents can launch, trade and interact with the community created tokens on the Arbitrum network. Recently, Overlord has picked up some serious traction on X. Why? Because users have been trying hard to convince Overlord to pump their bags (or be their exit liquidity). The reward? The most convincing user will have Overlord support and pump their token. Who doesn’t want that?
The origins of Overlord stems from being the very…
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If the above statement offends you, you might not have read the Bitcoin source code.
Follow Rizzo on X.
https://x.com/pete_rizzo_/
Of course, I’m sure you’ve heard that there are 21 million bitcoin – and this is true, the Bitcoin protocol allows for only “21 million bitcoin” to be created, yet these larger denominations can be subdivided into 100 million sub-units each.
Call them whatever you want, there are only 2.1 quadrillion monetary units in the protocol.
This dollars and cents differential has long been the subject of…
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If we’re trying to celebrate Christmas, then we need to bring out some green to even out the red this morning.
Kraken’s Thomas Perfumo already warned us last week that we could see some pullbacks ahead of the holidays, and that seems to be ringing true right now. Whether or not we see the selling countered is another story.
But I’m not actually here to talk about markets. Or, I should say, I’m not talking about what the markets are doing today.
Keep this chart in mind if you’re obsessively watching bitcoin’s price right now. Source: Coinbase Institutional
Earlier this week,…
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With Bitcoin now making six-figure territory feel normal and higher prices a seeming inevitability, the analysis of key on-chain data provides valuable insights into the underlying health of the market. By understanding these metrics, investors can better anticipate price movements and prepare for potential market peaks or even any upcoming retracements.
Terminal Price
The Terminal Price metric, which incorporates the Coin Days Destroyed (CDD) while factoring in Bitcoin’s supply, has historically been a reliable indicator for predicting Bitcoin cycle peaks. Coin Days Destroyed measures the velocity of coins being transferred, considering both the holding duration and the quantity of…
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