BlackRock clients buy $54M worth of Bitcoin through IBIT ETF

Bitcoin’s supply headlines have been loud, but ETF flow data is giving bulls something to point to. Farside’s numbers show a $143 million net inflow day for US spot Bitcoin ETFs, suggesting institutional buyers are still

Bitcoin’s supply headlines have been loud, but ETF flow data is giving bulls something to point to. Farside’s numbers show a $143 million net inflow day for US spot Bitcoin ETFs, suggesting institutional buyers are still

The post Zcash Founding Scientist Challenges Bitcoin’s 21 Million Cap appeared on BitcoinEthereumNews.com. StarkWare CEO Eli Ben-Sasson, a founding scientist of the privacy coin Zcash, challenged Bitcoin’s 21 million cap this week. He argued that lost private keys will steadily shrink the usable supply and proposed a 4% annual issuance limit instead. The pushback was immediate, since Bitcoin supporters treat the fixed supply as the network’s founding promise. Zcash creator Zooko Wilcox answered with a rival design that keeps hard caps intact. Bitcoin Maximum Supply. Source: BeInCrypto Why Ben-Sasson Says Bitcoin’s 21 Million Cap Fails Ben-Sasson helped invent the STARK proof system now used across crypto and co-authored Zerocash, the 2014 design behind Zcash. His critique starts from the numbers on lost coins. Chainalysis estimated that 2.78 million to 3.79 million BTC were already unrecoverable by 2017. The figure assumes Satoshi Nakamoto’s untouched coins are gone for good. Courts ar

The post Bitcoin is Seeing a ‘Textbook’ Bottom as More Analysis Brings Back 2022 appeared on BitcoinEthereumNews.com. Bitcoin (BTC) is seeing a “textbook” bear-market bottom as speculators take profits on the trip toward $65,000. Key points: Bitcoin is repeating previous macro bottom behavior in a “textbook” manner, analysis argues. Short-term holders are taking profits on minor recoveries — something “characteristic of a bull market.” Doubts remain about speculators avoiding future capitulation. Analysis: Bitcoin bottom will “be very obvious in hindsight” In their latest analysis on X, the Bitcoin quant account known as Frank, named for the famous economist Frank A. Fetter, doubled down on conviction that the worst of the BTC price downtrend is over. “This is a textbook bitcoin bottom; I mean every bottom signal has flashed or is flashing, it’ll be very obvious in hindsight,” one post stated. An accompanying chart showed the 200-week simple moving average (SMA) for BTC/USD, along with

The post Could Bitcoin’s 21 Million Supply Cap Change? Zcash Co-Founder Makes Bold Proposal appeared on BitcoinEthereumNews.com. In a post, Zcash co-founder Eli Ben-Sasson proposes rethinking Bitcoin’s fixed 21 million supply cap. According to Ben-Sasson, capping the supply of Bitcoin at 21 million BTC does not make sense. This is because, over time, keys will be lost. He believes that this will eventually happen over an infinite time horizon. The maximum number of Bitcoins that can ever exist is 21 million BTC. This hard cap on the total Bitcoin supply is a fundamental part of Bitcoin’s monetary policy, which is designed to promote scarcity and prevent inflation. Bitcoin creator Satoshi Nakamoto encoded this limit into the cryptocurrency’s source code. Ripple-Operated Rail Dropped by Major Software Company XRP, Shiba Inu (SHIB), Solana (SOL) and Bitcoin (BTC) Price Analysis for June 8: Momentum Is Not Fueled Yet Zcash Co-Founder Suggests Bitcoin Move Away From Fixed 21M Supply Cap and

AI's growth reshapes economies, driving resource demand and labor shortages, impacting valuations and investments in tech infrastructure. The post AI surge reshapes global economy, doubles data center demand by 2030: BlackRock appeared first on Crypto Briefing.

The renegotiation highlights the challenges of aligning traditional finance with volatile crypto assets, impacting future SPAC-crypto ventures. The post Cantor Fitzgerald-backed SPAC and Adam Back’s Bitcoin firm scrap original merger terms, start fresh negotiations appeared first on Crypto Briefing.

The post One Vanguard job posting could decide how crypto reaches 50 million investors appeared on BitcoinEthereumNews.com. Vanguard posted a Head of Digital Assets, Personal Wealth role on July 6, with openings in Dallas, Scottsdale, Charlotte, and Malvern. The posting asks the incoming executive to lead digital assets strategy, build a multi-year roadmap, and run enterprise execution across Vanguard’s wealth business. Two years earlier, the same firm refused to list spot Bitcoin ETFs and pulled Bitcoin futures products from its brokerage platform once the SEC approved the category in January 2024. Related Reading Vanguard CEO says Bitcoin ETFs do not ‘belong in a long-term portfolio’ CEO Tim Buckley said that Bitcoin ETFs do not belong at Vanguard, largely due to the associated price volatility. Mar 15, 2024 · Mike Dalton That shift lands inside the world’s second-largest asset manager, which said it oversaw about $12 trillion in assets and served over 50 million investors as of Dece