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View More NewsMiners quickly chose the more profitable version, the original Bitcoin. The new chain, which inherited Bitcoin’s massive mining difficulty, attracted only a tiny fraction of hashpower and produced just two blocks before grinding to a halt. Meanwhile, the original Bitcoin network continued uninterrupted, retaining virtually all activity, liquidity and security.“Bitcoin worked exactly as designed,” Michael Saylor, the founder of BTC-holding company Strategy (MSTR), said on X. Contrast that with the so-called free-market economies of the world. Falling corporate profitability should trigger cost-cutting and layoffs, but electoral politics often leads governments to block that adjustment, resulting in prolonged industrial sickness. Or,…
In brief Strategy sold 1,690 BTC for $108.6 million in the week to Aug 9, leaving 840,447 coins in its treasury. All of the proceeds funded a $108.6 million STRC buyback, its third under a $1 billion program. Separate sales of $653.1 million of common stock lifted the dollar reserve to $4.65 billion. Michael Saylor’s Bitcoin treasury firm Strategy sold 1,690 BTC for $108.6 million in the week to Aug 9, according to an 8-K filed Monday, cutting its Bitcoin stack to 840,447 BTC from the 842,138 held a week earlier. The coins went at an average of $64,262, net…
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In late November 2023, seven weeks after Hamas’s 7 October terrorist attacks, I attended a private roundtable at the Jordanian Embassy in London. There, Ambassador Manar Dabbas discussed the unfolding regional catastrophe with the composure of someone reviewing the previous night’s football scores. Some 1,200 Israelis, most of them civilians, had been murdered; around 250 had been taken hostage into Gaza; and pro-terror rhetoric was spreading across the world. But at this juncture, Dabbas emphasised the importance of de-escalation and the need for Israeli restraint. With respect to Jordan’s position, he remarked: “We sometimes joke among ourselves that we are…
Latest News
The UK’s FCA is reportedly preparing a regulatory framework for tokenized gold and how these products may be used as collateral assets in wholesale…
DATUM moves that decision back to the individual miner. An operator can build its own block using its own bitcoin software while still contributing…
Australia’s anti-money laundering watchdog has suspended the operation of Cryptolink’s Bitcoin ATMs for three months, citing “ongoing concerns” about its compliance with anti-money laundering…
Bitcoin rose above $65,000 on Monday, up nearly 3% over the week, with July inflation data due Wednesday at 8:30 a.m. ET after Friday’s…
The bipartisan surface transportation reauthorization bill released earlier this week by the House Transportation and Infrastructure Committee would reform an obscure safety rule that…
Securitize reported record quarterly revenue as the tokenization platform continued advancing toward an eventual public listing through its proposed SPAC merger with Cantor Equity…
Tether has acquired SoftBank Group’s stake in Twenty One Capital, the Bitcoin treasury company that is expanding into lending, mining and capital markets services,…
In brief Qwen 3.7 Max debuted on Arena AI on May 14, 2026 —five days before the Alibaba Cloud Summit. The model ranks #13…
from the doomed-to-repeat-it dept When I was in high school, part of the mandatory social studies curriculum included watching the miniseries Roots in class…
The British government is preparing to ask supermarkets to freeze prices on certain products in exchange for easing regulations, which politicians hope will keep…
A bipartisan group of lawmakers introduced a revised crypto tax bill Wednesday that aims to update the tax code to better address crypto use…
Political action committees (PACs) aligned with and funded by the cryptocurrency industry notched a series of wins in three US state primaries on Tuesday,…