Grayscale Bitcoin Trust (ticker: GBTC), the world’s largest Bitcoin fund at about $16.3 billion under management, won a major court victory this week, increasing the likelihood it will convert into an exchange-traded fund. The market, on the other hand, is pricing the fund largely as it did before the U.S. Court of Appeals decision. GBTC
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🚨 EXPLAINED: Bitcoin Accounting Rule Change 📣Today we learned of a MASSIVE change to the way in which companies will be allowed to measure the value of their Bitcoin (and other crypto) holdings. The FASB is introducing new accounting rules that will allow companies to use the Fair Value Accounting method. What does that mean?
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GUESS WHO TAUGHT ME something new today: @LynAldenContact. I hadn’t thought of 👇 before but it’s logical that #Bitcoin will become more decentralized over time bc it keeps getting easier/more accessible to run a node (p339 of #BrokenMoney). I ❤️ reading engineers’ explanations!
After more than a month of public deliberations, Coinbase has finally decided to integrate Bitcoin’s Lightning Network onto its exchange platform. CEO Brian Armstrong said Tuesday that his publicly-listed company would do its part to advance “faster / cheaper” transactions, made possible by the technology’s design. “Bitcoin is the most important asset in crypto,” Armstrong
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Bitcoin isn’t what it used to be. Over the last three cycles BTC went from being a volatile asset with long periods of extreme volatility to being about as volatile as NVIDIA or Tesla. The average volatility of Bitcoin hasn’t changed much from cycle to cycle. But the right tail of extreme volatility has been
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As seen on Insider, dappGambl’s study investigated 73,257 NFT collections, 69,795 of which have a market value of zero ETH. “The hype around NFTs peaked in the 2021/22 bull run that saw nearly $2.8 billion in monthly trading volume recorded in August 2021. From this, NFTs captured the collective imagination worldwide with multiple news reports
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The amount of #Bitcoin held by short-term holders has now been reduced to a fine powder. The lowest amount we have seen since January 2011. These are people that hold their coins around 155 days at most. In other words, there are more strong Bitcoin holders than ever before!
You can also read the full report here.
