Aurelia Butler

This article was originally published on U.Today More

In the sea of debate over blockchain’s technical differences, Schwartz’s stance stands out. He says it is not Bitcoin’s technical superiority that makes it special. After all, the features of any blockchain – like scalability, low fees and energy efficiency – can be easily transferred. What makes Bitcoin special is that it has a lot of history, and it is the top proof-of-work chain in terms of economic impact.This view came up when he was talking about how Bitcoin SV (BSV) compares. BSV is all about its own advantages – unbounded scalability, near-zero transaction fees and minimal energy usage. But Schwartz stood his ground. These features are impressive on paper, but they do not tell the whole story of what makes a PoW chain valuable. If people do not have the same level of trust in it and do not use it as much, these technical benefits do not matter as much.The discussion participants also brought up some of the issues with Bitcoin, like its scalability and energy usage. Schwartz acknowledged these problems but also pointed out that even though there are debates about Bitcoin’s role as a payment system, it is still a reliable way to store value and a widely accepted financial asset. This mix of strengths and weaknesses is what makes Bitcoin special.Schwartz’s response avoided delving into these broader claims, instead focusing on Wright’s repeated legal actions. Schwartz emphasized that his concern lay in preventing the abuse of the legal system to target others, rather than silencing anyone’s views.This article was originally published on U.Today More

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, renews its commitment to merchant benefits in Kenya, South Africa, and Ethiopia in a move to boost activities on the Bybit P2P platform. Commitment RewardsAn evergreen part of Bybit P2P, the long-running Bybit P2P Hiring Program rewards consistency and long-term support, offering an opportunity to earn up to 200 USDT every week. Advertisers who qualify as a long-term merchant may sign up for the program. Successful applicants will get to enjoy exclusive benefits:Bybit P2P also indicated further expansion of the weekly Top 3 Advertiser program in the coming year, with more fiat currencies to be included. The heated race comes with rewards for the top three performers each week, ranked by number of orders and by trading volume. Winners of both categories can take home up to 350 USDT each week.With its advanced infrastructure, systematic KYC and KYB verifications and protection, and robust digital asset management protocols, Bybit P2P has made strides as it approaches its third anniversary. Users can find out more about the events and eligibility at Bybit P2P.#Bybit / #TheCryptoArkAbout BybitBybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle (NYSE:ORCL) Red Bull Racing team.For more details about Bybit, please visit Bybit PressFor media inquiries, please contact: media@bybit.comFor more information, please visit: https://www.bybit.comFor updates, please follow: Bybit’s Communities and Social MediaDiscord | Facebook (NASDAQ:META) | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | YoutubeContactHead of PRTony AuBybittony.au@bybit.comThis article was originally published on Chainwire More

But the story does not end there. What may sound like an unremarkable tale of bad timing has taken an unexpected turn over the years. Bitcoin’s staggering rise – over 35,800% since those early days – would turn even modest investments into life-changing sums. It is hard to ignore the math: an investment of less than $3,000 back then could mean millions today. As for Zhao, his “diamond hands” resilience has been richly rewarded, with various estimates calculating his net worth at more than $60 billion.Zhao’s thoughts come at a time when the cryptocurrency market is feeling pretty intense. Just recently, $1.7 billion in derivative positions have been liquidated. But CZ’s message is not one of bragging. Instead, it is a quiet nod to luck, timing and what you can learn from it, and a subtle warning to others.”I do not recommend my strategy,” seems to be the bottom line of his reveal. Zhao’s strategy was profitable, but the circumstances that made it work are unlikely to be repeated. It is a nuanced takeaway: his success was not about perfect execution but rather about sticking with it.The larger lesson? Investment strategies need to be personal, adaptive and mindful of market realities. However, Bitcoin’s (BTC) history shows more holding and sitting on your hands, rather than actively doing anything.This article was originally published on U.Today More

Bitcoin historian Pete Rizzo shared this fascinating tidbit of history as a fun fact on X, saying: “15 years ago today, you could buy 15 Bitcoin for 1 cent.”In late 2009, Bitcoin was still in its infancy. Launched by the mysterious Satoshi Nakamoto in January of that year, Bitcoin was a novel concept known only to a small number of enthusiasts and cryptographers. Bitcoin’s price never reached $1 in 2009 or 2010. Its highest price in 2010 was $0.39.In the early days of Bitcoin, there were no exchanges that resembled those available today. The BitcoinTalk forum went live in late 2009, and soon after, the notion of an exchange where users could buy and sell Bitcoin for fiat currency was introduced.Fast forward 15 years, and Bitcoin has become a global financial asset, now with a market capitalization of $1.944 trillion. From a value of nearly $0.000066 per BTC in late 2009 to now trading at $98,201, Bitcoin has seen a meteoric rise.The U.S. Bureau of Labor Statistics will issue the consumer price index (CPI) for November at 8:30 a.m. ET (1:30 p.m. UTC). Federal Reserve Chair Powell has stated that incoming economic data will substantially influence interest-rate decisions, which may have an impact on crypto markets in the new year. The prior month’s data indicated that the Fed remained concerned about inflation.According to the most recent Coin Shares report, digital asset investment products experienced the highest weekly inflows on record last week, totaling $3.85 billion.Bitcoin saw inflows of $2.5 billion, Short Bitcoin saw tepid inflows of $6.2 million, Ethereum saw its largest weekly inflows on record of $1.2 billion and Solana saw outflows of $14 million.This article was originally published on U.Today More

Similarly to that painting, Saylor is wearing a suit, dark coat and bowler hat, but instead of an apple, his face is obscured by the Bitcoin sign. “We are The Sons of #Bitcoin,” Michael Saylor tweeted.The Bitcoin community responded with a wave of enthusiastic comments, supporting Saylor and his bullish BTC stance.Over the past 24 hours, the world’s largest cryptocurrency in terms of market capitalization, Bitcoin, has managed to recover by roughly 4.65% and is now changing hands at $98,650 after falling to $94,200 on Tuesday.However, on-chain data aggregator Santiment believes that prices often go contrary to the crowd’s expectations. Therefore, “fear is generally necessary for prices to rebound.”In the meantime, according to data revealed by cryptocurrency analyst and trader Ali Martinez, whales have been actively buying the recent Bitcoin dip. While the price slumped from $104,000 to the $90,000 zone briefly, 342 new wallets holding at least 100 Bitcoins were set up.This article was originally published on U.Today More