From last Friday to this Friday, bitcoin has gone up roughly 2%, presumably digesting last week’s candle, the single largest weekly candle by dollar amount in its history. Thus far, the breakout has held. Through Thursday’s close, U.S. equities have also been flat to slightly positive, owed almost entirely to Nvidia’s nearly 9% Thursday surge, […]
“Central bank reserves remain superior to stablecoins as the ultimate settlement asset,” European Central Bank Executive Board member Isabel Schnabel told attendees at the Jackson Hole Economic Policy Symposium. Schnabel’s Pitch Isabel Schnabel didn’t mince her words, stating unequivocally that stablecoins lack “the independent capacity to expand liquidity rapidly during periods of financial stress,” a […]
Swedish tax authorities are challenging hundreds of millions of kronor in VAT deductions claimed by data center operators in the country’s north, turning the distinction between crypto mining and computing services into a test for an industry now racing to convert mining sites into AI infrastructure. This article first appeared in The Energy Mag. The […]
Bank for International Settlements (BIS) General Manager Pablo Hernández de Cos told the Jackson Hole Economic Policy Symposium on August 28 that stablecoins still fail as real money and tokenized deposits should instead carry the bulk of everyday payments. A Blunt Verdict From Basel The BIS is the institution central bankers turn to for standards, […]
An account followed by President Trump launched a Solana token called GOLD this week, then dumped its entire 224.5 million-token stake for a $312,000 profit within hours. A Familiar Playbook, a New Wallet Fifteen wallets were all it took as onchain sleuths flagged the GOLD token shortly after realtrumpcoins, an X account followed by President […]
U.S. spot bitcoin exchange-traded funds (ETFs) snapped a nine-day, $3 billion buying streak with a $202 million net outflow on August 28, even as spot ethereum ETFs added another $102 million the same day. A Nine-Day Run Comes to an End The party lasted nine trading sessions starting August 17, when U.S. spot bitcoin exchange-traded […]
A quantum-resistant bitcoin transaction using Starkware researcher Avihu Levy’s QSB method has been mined on mainnet without a soft fork or changes to Bitcoin’s consensus rules. The experiment offers an opt-in defense against future quantum attacks, though it remains costly, nonstandard, and far from a network-wide solution. Starkware Shows Bitcoin Can Add Quantum Defense Without […]