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The Bitcoin Mempool: Relay Network Dynamics

coiner

In the last Mempool article, I went over the different kinds of relay policy filters, why they exist, and the incentives that ultimately decide how effective each class of filter is at preventing the confirmation of different classes of transactions. In this piece I’ll be looking at the dynamics of the relay network when some nodes on the network are running different relay policies compared to other nodes.  All else being equal, when nodes on the network are running homogenous relay policies in their mempools, all transactions should propagate across…

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A Sound Punt Is Released

coiner

For years, Bitcoin in Ireland has quietly simmered at the grassroots level—discussed in pubs and meetups, debated in Telegram groups, and occasionally splashed across headlines with predictable suspicion. But recently, the temperature is beginning to rise. With the release of “A Sound Punt: The Case for Ireland’s Interest in Bitcoin” by Bitcoin Network Ireland (BNI), and a weekend that sees both the Bitcoin Ireland Conference and Aontú’s Ard Fheis, it’s clear momentum is building on the Emerald Isle. A Sound Punt: A Paper for the Citizens of Ireland The new…

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Plus Token Ponzi-linked wallet moves $2B ETH after 3.3 years of dormancy

coiner

Update (Aug. 8 at 1:48 am UTC): Lookonchain deleted the X post that is the subject of this article after analysts argued the X post was inaccurate as most of the funds had been sold in 2021. A new article covering that latest development can be found here. Hundreds of cryptocurrency wallets that have remained inactive for over three years have suddenly started shifting large amounts of Ether (ETH).According to onchain analyst Lookonchain, up to 789,533 ETH was linked to the Plus Token Ponzi scheme and has not been moved since April…

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Canary Capital files S-1 for Litecoin ETF

coiner

Asset manager Canary Capital has filed registration documents for a spot Litecoin (LTC) exchange-traded fund (ETF) with United States regulators, according to Oct. 15 documents. The filing is the latest in a proliferation of proposed ETFs holding alternative cryptocurrencies ahead of the US presidential election in November. Canary’s proposed ETF aims to hold spot LTC and closely track the performance of the CoinDesk Litecoin Price Index (LTX), according to the filings. Litecoin is a decentralized peer-to-peer digital currency often pegged as a faster, lower-cost alternative to Bitcoin (BTC) for small…

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SOL, XRP ETF filings are ‘call options’ on Trump win: Bloomberg analyst

coiner

The flurry of filings to list alternative cryptocurrency exchange-traded funds (ETFs) in the United States are “call options on a Trump victory” in the upcoming presidential elections, Eric Balchunas, an ETF analyst at Bloomberg Intelligence, said on Oct. 25. “If [former US president Donald] Trump wins […] he will definitely put in a more libertarian [Securities and Exchange Commission] chair,” Balchunas said during the Plan B Forum conference in Lugano, Switzerland. “So if you see a Trump victory, watch this space, and if you see a [Kamala] Harris victory, just…

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Who attended Trump’s memecoin dinner?

coiner

The top 220 holders of US President Donald Trump’s memecoin met yesterday at the president’s golf course in Virginia for an exclusive dinner and purported meet-and-greet. Attendees spent a grand total of $148 million for an “ultra-exclusive VIP reception with the president,” which crypto industry advocates and critics alike saw as a potential opportunity to discuss crypto policy with the president.  The crowd contained a number of foreign crypto executives and influencers who otherwise would not have access to the US president, raising questions around corruption and foreign influence.  Concerns…

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These crypto ETFs are ‘call options’ on the US elections

coiner

The United States presidential election on Nov. 5 may determine the fate of more than a half dozen proposed cryptocurrency exchange-traded funds (ETFs) waiting on a green light from regulators. In 2024, asset managers submitted a flurry of regulatory filings to list ETFs holding altcoins, including Solana (SOL), XRP (XRP) and Litecoin (LTC), among others. Issuers are also waiting on approval for several planned crypto index ETFs designed to hold diverse baskets of tokens. In effect, these filings are “call options on a Trump victory” in the US presidential race,…

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US big banks hold early talks on joint crypto stablecoin: WSJ

coiner

Some of the biggest banking companies in the US are reportedly exploring a team-up to launch a crypto stablecoin. Companies owned by JPMorgan, Bank of America, Citigroup and Wells Fargo have discussed the possibility of jointly issuing a stablecoin, The Wall Street Journal reported on May 22, citing people familiar with the matter. Other financial institutions linked to the potential stablecoin include Early Warning Services, the parent company of digital payments network Zelle, and the payment network Clearing House. The discussions are still in the early stages, and a final…

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BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI, LINK, AVAX

coiner

Key points: Bitcoin made a new all-time high, but the bulls will have to sustain the higher levels for the momentum to pick up. Several altcoins have bounced off their respective support levels, signaling a positive sentiment. Analysts expect Bitcoin to maintain its positive momentum and surge above $200,000 by the end of the year. Bitcoin (BTC) rose to a new all-time high on May 21 on easing macroeconomic fears and continued inflows into the US-based spot Bitcoin exchange-traded funds. Analysts expect the momentum to continue and Bitcoin to surge…

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Texas House Approves Strategic Bitcoin Reserve Bill, Awaits Governor’s Signature

coiner

The Texas House passed Senate Bill 21 (SB 21) on Wednesday to create a state-managed bitcoin reserve, advancing it to Governor Greg Abbott’s desk for final approval or veto within 20 days. Cryptocurrency in State Hands: Texas Legislature Passes Bitcoin Reserve Bill The bill, titled the Texas Strategic Bitcoin Reserve and Investment Act, aims to […] Source link

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