Transaction URL: https://blockchain.com/btc/tx/8661a168817cecdb22ff3803a234306c3ca6e7ef20108e98cd7d328625b75186
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As we enter Q4, a period historically known for strong Bitcoin performance, the latest edition of The Bitcoin Report from Bitcoin Magazine Pro delivers essential insights into the evolving market dynamics of Bitcoin. With a blend of quantitative on-chain data, technical analysis, and macroeconomic perspectives, this report offers a comprehensive look at Bitcoin’s positioning, highlighting critical opportunities and challenges for both investors and market participants.
Key Highlights from the Report:
Historical Q4 Performance: Bitcoin has averaged a 23.3% return in Q4, showing a strong seasonal trend toward bullish performance.Breaking Significant Resistance: Recent technical analysis… Read more on BitcoinMagazine
Here’s my confession: I was a decentralization maxi for the first half-decade of my time in crypto.
The market has however shifted to a slightly different bent, taking me along with it. Permissionless maximalism is now the prevailing alignment.
Decentralization does tend to feed into permissionless-ness. The latter implies there is no central authority granting or denying permission to join the network — thereby making it decentralized — but permissionless systems can be centralized in nature.
Image boards like 4chan, for instance, don’t ask users to create accounts to post or view content. Setting aside the extensive moderation, there’s effectively no initial permission…
Read more on Blockworks
Crypto.com said it filed a suit against the Securities and Exchange Commission after it received a Wells notice earlier this year.
The crypto firm said it’s trying to “protect the future of the crypto industry in the U.S., joining a series of our peers who are actively defending themselves and taking action against a misguided federal agency acting beyond its authorization under the law.”
A slew of other crypto firms have also received similar notices including Uniswap, Consensys and Robinhood.
“Our lawsuit contends that the SEC has unilaterally expanded its jurisdiction beyond statutory limits and separately that the SEC has established an unlawful rule that trades in…
Read more on Blockworks
Today, enjoy the Empire newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox. Subscribe to the Empire newsletter.
This week, Blockworks is taking over Salt Lake City with Permissionless III — a three-day conference specially for users, founders, investors, devs and policymakers.
Our editorial team will be there in force, which means we’re scaling back the Empire newsletter format during the event.
Enjoy the slightly abbreviated read, and if you haven’t secured your tickets yet, grab them here.
— David Canellis
RIP FTX
We’re one step closer to wrapping up the FTX saga for good. Really.
The bankruptcy of the FTX estate — which was once one…
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Recently a big snafu was made about changes to the BIP 85 repository. For those not familiar with the BIP, it’s a very simple scheme to allow generating new word seeds from a derivation path in a pre-existing word seed that you have. The logic of the BIP is to enable people who utilize multiple wallets to manage the chaos of having to maintain individual isolated backups for numerous wallets.
By generating new seeds based on the entropy of a derivation path,…
Read more on BitcoinMagazine
21Shares AG is advocating for the European Securities and Markets Authority to standardize regulations for crypto assets in UCITS funds, aiming to simplify the landscape for both retail and institutional investors. This push for a consistent regulatory framework across EU member states seeks to remedy the current disparities that obscure investment choices and potentially compromise investor protection.
The company stresses that establishing clear guidelines for crypto exposure would match the levels of investor safety seen in other major markets, like the US and Hong Kong, which have already integrated Bitcoin and Ethereum ETFs. Mandy Chiu of 21Shares emphasizes the need for a unified approach to bolster Europe’s position in financial innovation and ensure robust market stability and growth.
By aligning crypto asset regulations, Europe can enhance portfolio diversification opportunities in a regulated setting, promoting transparency and reducing risks associated with non-regulated venues. The swift adoption of such measures is crucial to maintaining competitiveness on the global stage and meeting investor demands for accessible, secure crypto investments.
The smell of fall in the air, this weekend I indulged in apple delicacies, watched the changing leaves, and oh yeah, traveled to make sure my Bitcoin custody is up to date…
If you follow me on X, you know that I hold Bitcoin with Casa, a multisig security provider, and that I use the service to manage a few different multisig vaults for various purposes.
This requires keeping a number of keys and wallets up to date, and since I don’t keep any key materials at home, it requires some degree of routine and dedication.
I’ve self-custodied my Bitcoin since 2020, and…
Read more on BitcoinMagazine