Business

What is Paul Sztorc’s Bitcoin “eCash” hard fork and how it affects BTC?

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Longtime Bitcoin developer Paul Sztorc has been trying to overhaul Bitcoin’s architecture since 2015, but the broader community hasn’t budged. So now it has proposed a dramatic step, called eCash hardfork, that involves copying Bitcoin’s code to launch a separate version in August, while giving existing Bitcoin holders equivalent tokens in the new network for […]

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Pudgy Penguins and BAYC mask shrinking NFT market as volumes and users fall

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Non-fungible tokens (NFTs) are recovering, and for those obsessed with rising prices, the market may seem booming. The overall activity, however, tells a different story. Leading the rally are the Bored Ape Yacht Club and Pudgy Penguins. Their floor prices, the lowest possible acquisition cost, have soared by double digits in recent weeks, and their

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BTC pulls back from 12-week high as Iran rally hits sellers wall at $79,400

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Bitcoin hit a 12-week high of $79,399 overnight before sellers stepped in during the Asian morning on Monday, stifling a rally that saw the asset hit $80,000 for the first time since January. Bitcoin traded at $77,705 on Monday morning, down 0.4% over 24 hours after climbing to $79,399 around 09:00 IST and reversing sharply

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Arkham says Aave has raised $160 million of the $200 million it needs to cover damages caused by exploitation.

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Lending platform Aave has raised about $160 million it needs to cover the $200 million in bad debts left by the biggest decentralized finance (DeFi) exploit of the year, Arkham on X posted on Saturday. “AAVE has so far raised $160 million to cover bad debts related to the Kelp DAO exploit, on defiunited.eth,” the

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According to a study, only 3% of traders determine the accuracy of Polymarket, not the crowd.

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Green Beret Arrested for Betting on Classified US Raid Looked Like a One-Time Scandal for Predictive Markets. A new study suggests that this may be a more troubling data point: an extreme example of a small group of informed traders who, as the soldier is accused of doing, move prices on Polymarket, while the crowd

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What’s Next as Bitcoin (BTC) Whales Remain Long Despite Piling Up Bearish Bets

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The biggest traders on Hyperliquide have built a long bitcoin BTC$78,037.15 position for two months, and the price chart is starting to find its way. Data from Glassnode shows that whale positioning on Hyperliquid, the on-chain perpetual futures exchange, went from net short to net long in early March and has remained long since, with

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Freezing Dormant BTC Would Trigger Worst Daily Repricing in Bitcoin History, Maximalist Says

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Freeze dormant bitcoin BTC$78,114.42 would trigger an immediate price review and mark one of the cryptocurrency’s worst trading days globally since its launch in 2009, advocates told CoinDesk. Bitcoin developers and crypto industry players have been debating for weeks whether they should freeze dormant tokens to protect them from the risk of theft via quantum

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Bybit CEO says businesses need MiFID and EMI licenses to make profits in Europe

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Obtaining a Markets in Crypto Assets (MiCA) license to operate in Europe is a good thing, but, on its own, it will not be enough to generate profits, according to Ben Zhou, CEO of Bybit, one of the largest cryptocurrency trading platforms. MiCA does not cover the full range of products, such as derivatives and

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