Bitcoin Back Above $40K as Institutions Lead the Way
BTC is back within striking distance of its all-time high set early last month.
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With Mike Hearn taking a step back from Bitcoin development to work for private blockchain startup R3, former Bitcoin Core lead developer Gavin Andresen indicated he might take over the lead of Bitcoin XT, the Bitcoin implementation programmed to increase the block-size limit through BIP (Bitcoin Improvement Proposal) 101. Andresen, who shifted his efforts to Bitcoin XT earlier this year, told Bitcoin Magazine, reluctantly: "I might take over lead of XT, but I don't want to." It was announced last week that Hearn recently joined R3 as lead platform engineer, where the Google veteran and....
Brazil registered its highest number of companies and institutions declaring ownership of cryptocurrencies in August. The numbers, which come directly from the Brazilian Tax Authority (RFB), show that more and more institutions are eager to purchase cryptocurrency, and also indicate that the most significant volumes are moved using Tether’s stablecoin usdt.
Institutions Are Holding More Crypto in Brazil
Institutions are attracted to holding crypto in Latam countries due to their economies’ specific problems. Recently, the Brazilian Tax Authority (RFB) registered a....
Increasing cryptocurrency patent applications may soon lead to patent wars, hampering innovation in the sector. Companies count their patents among prized possessions. Having a patent for something important can be worth a fortune, guaranteeing the company a constant stream of revenue until it expires. At the same time, it may also hamper innovation by preventing other from using the technology for free. Bitcoin and its underlying blockchain are open source technologies and it has gained prominence in the banking and fintech industry lately. The potential of blockchain to change the future....
Institutional appetite for Ethereum will grow now that the network is ESG compliant, according to the BitMEX boss. In a recent interview, BitMEX chief executive Alexander Höptner shared his thoughts about institutional investors who, in his view, still have an appetite for crypto and Ethereum.Speaking at the Token2049 conference in Singapore on Sept. 28, the crypto executive told Cointelegraph that there has not been a “single slowdown of institutional push into crypto” during this bear market.He added that institutions and finance industry players typically use bear markets for....
Nic Carter of Castle Island Ventures believes Elon Musk isn’t the proper person to lead the “clean Bitcoin” discussion, “at least not in the eyes of the Bitcoin community.” Elon Should Sit At The Back “Bitcoiners are still extremely distrustful of Musk, and they see him as conflicted, given that his business includes the sale […]