Transaction URL: https://blockchain.com/btc/tx/c1326a5fdc2bc93e8a4dfc2f118f685d2581a68e33c8c077f0d50ffffab0b198
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As the digital age progresses, Bitcoin stands out as a beacon of financial freedom and security. It’s the world’s first decentralized digital currency, created by the enigmatic Satoshi Nakamoto in 2009.
Owning bitcoin isn’t just about possessing a new form of money; it’s about embracing a revolution that could reshape the global financial system. This guide will show you how to get a Bitcoin address in a simple, straightforward manner, avoiding complex technical jargon.
How Do I Get A Bitcoin Address: Why You Need One
Before diving into how to get a Bitcoin address, it’s important to understand why you need one:
Receiving Payments: Whether you’re selling… Read more on bitcoinnews
Tether CEO Paolo Ardoino has publicly favored Bitcoin over Ethereum for the stablecoin issuer’s strategic reserves, emphasizing Bitcoin’s immutability and fixed supply of 21 million coins. This preference was highlighted when Tether declared last May that 15% of its profits would be used to purchase Bitcoin to bolster and diversify its reserves. Ardoino praised Bitcoin as “a long-term store of value with substantial growth potential.”
Despite Tether’s record-breaking $1.3 billion net profit this quarter, its Bitcoin reserves remained stable. However, Ardoino clarified that Bitcoin acquisitions continued through the company’s investment arm in 2024, reinforcing their commitment to the leading cryptocurrency.
Ardoino’s support for Bitcoin over Ethereum isn’t new. Following Ethereum’s Merge upgrade in 2022, he criticized Ethereum for its inability to match Bitcoin’s performance, pointing out that Ethereum has significantly underperformed against Bitcoin, falling 45% since their peak in December 2021.
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Welcome to the On the Margin Newsletter, brought to you by Ben Strack and Casey Wagner. Here’s what you’ll find in today’s edition:
What we learned from the Q2 results of COIN, MSTR, MARA and GLXY, and where those companies are headed.
The lower-than-expected figures in the July jobs report, and why markets are panicking
What you might have noticed (but maybe didn’t) during a data-filled week.
Crypto stocks down after Q2 prints
It was a week chock-full of crypto stock earnings, with industry heavyweights…
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Today, enjoy the Lightspeed newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox. Subscribe to the Lightspeed newsletter.
Howdy!
Man, if I was unemployed, I would be doing little else but watching the Olympics right now. I had forgotten what a fun event it is.
My new favorite sport: canoe slalom, which I don’t entirely understand but am obsessed with watching. Anyways:
ORE expected to resume mining over the weekend
Solana’s boogeyman is re-emerging from under the bed.
ORE, the Solana-based proof-of-work currency that pushed the network to its limits in early April before pausing operations, is expected to resume mining sometime around Sunday, its…
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As of August 02, 2024, the net flow of Bitcoin within U.S. ETFs displays varied activity across different funds. BlackRock’s IBIT ETF leads with a net inflow of 410 BTC, bringing its total holdings to 343,387 BTC. Conversely, Grayscale’s GBTC saw a small net outflow of 10 BTC, reducing its holdings slightly to 241,275 BTC.
Significant movements include Fidelity’s FBTC, which experienced a substantial outflow of 765 BTC, and ARK Invest’s ARKB, which saw a net decrease of 354 BTC. Bitwise’s BITB also recorded a negative net flow, losing 327 BTC, and Invesco Galaxy’s BTCO dropped by 41 BTC.
On a positive note, Grayscale Bitcoin Mining Trust’s BTC fund reported an inflow of 276 BTC, highlighting some investor confidence. Both VanEck’s HODL and Valkyrie’s BRRR ETFs reported no change in their holdings.
The cumulative total for all U.S. Bitcoin ETFs on this date stands at 913,516 BTC. Overall, there was a net outflow of 811 BTC, equating to a decrease in value of approximately $51.2 million. This snapshot illustrates a mixed but predominantly cautious sentiment among investors within the U.S. Bitcoin ETF market.
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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Job growth slowed and unemployment ticked higher than expected in July, the Labor Department reported Friday, sending US equities tumbling and increasing odds of a September interest rate cut.
Unemployment increased by 0.2% from June to 4.3% in July, marking the highest reading since October 2021. Nonfarm payrolls grew by 114,000 last month, missing analysts’ expectations of 185,000.
Stocks initially fell sharply, with the S&P 500 and Nasdaq Composite indexes losing 2.4% and 3.1%, respectively, over the day an hour after the report was released. Both indexes posted modest recoveries later in the session. The S&P 500 was trading 2.1% lower and the Nasdaq Composite was down 2.5%…
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