Hash Ribbons signal end of miner capitulation: CryptoQuant
On Aug. 11, Bitcoin miners recorded the lowest levels of daily revenue in 2024, highlighting the profit squeeze miners are experiencing.
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88% of all BTC transfers are overpaying transaction fees
Three and a half years after the activation of SegWit, adoption of the space-saving transaction format is still far from ideal. 1668 Total views 10 Total shares According to analysis by Mark “Murch” Erhardt of Chaincode Labs, 88% of all Bitcoin transaction inputs pay higher fees than are necessary. Erhardt bases his conclusion on data…

Spot Ether ETFs approved, but Gary Gensler didn’t vote for them — Here’s why
Unlike the spot Bitcoin ETFs, which were approved via voting by a five-member committee, including SEC chief Gary Gensler, spot Ether ETFs were approved by the Trading and Markets Division of the SEC.

Japan’s FSA asks cryptocurrency industry group to introduce FATF travel rule
Japan has been a member of the FATF since 1990. 751 Total views 9 Total shares Japan has made another step toward adopting cryptocurrency Anti-Money Laundering regulations developed by the Financial Action Task Force, Cointelegraph Japan reports.The Japanese Financial Services Agency announced Wednesday that it will adopt the FATF’s travel rule — a set of regulations…

Bitcoin price has legs above $100K despite holders booking record profits — Analysis
The Bitcoin market has yet to reach the unsustainable euphoria typically observed at the peaks of previous BTC price bull runs.

Green BTC miner Bitfarms’ production up 50% after China ban, as Compass goes nuclear
Publicly traded North American Bitcoin mining company, Bitfarms, has doubled its productivity this year amid the Chinese crackdown and resultant miner migration.The Canadian hydroelectricity mining outfit claims to be currently powering an estimated 1.5% of the entire Bitcoin network with more than 99% renewable green energy.In a July 14 production update, the firm revealed that…

Arbitrum’s first governance proposal sparks controversy with $1B at stake
The Arbitrum Foundation announced that it was only ratifying an existing decision when it proposed a 750 million ARB tokens budget. 367 Total views 2 Total shares Own this piece of history Collect this article as an NFTA proposal to fund the Arbitrum Foundation with 750 million ARB tokens — nearly $1 billion — raised…

DAO treasuries top $25 billion for the first time: DeepDAO
Assets held in DAO treasuries have more than doubled since the beginning of 2023, according to DeepDAO. 167 Total views 3 Total shares Own this piece of history Collect this article as an NFTDecentralized autonomous organization (DAO) treasuries are rapidly growing having just surpassed a major milestone, according to DeepDAO.According to figures from the DAO…

US SEC and FINRA Issue Statement on Crypto Custody Issues
The United States Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) outlined regulatory compliance issues for cryptocurrency custodians in an announcement on July 8.According to the joint statement, the organizations have yet to discover a set of circumstances in which a crypto custodian could comply with the SEC’s Customer Protection Rule,…