Bitcoin reaches block 961,632 as contested BIP-110 soft fork attempt gets underway

·1 views

Bitcoin has reached block 961,632, marking the start of the BIP-110 soft fork activation attempt. The proposal seeks to implement changes to the Bitcoin protocol through a soft fork mechanism. However, the bid faces significant headwinds, with bitcoin miners showing very little support for the initiative. Prominent voices within the cryptocurrency community have also publicly opposed the proposal. The lack of backing from both miners and influential commentators raises serious doubts about the fork's chances of success.

Read the full story at CoinDesk

This is an AI-generated summary. ShortSingh links to the original source for the complete article.

Discussion (0)

Hardware wallet sales in Russia surge over 100% ahead of new crypto regulations

Sales of hardware cryptocurrency wallets in Russia have more than doubled as the country approaches the implementation of new crypto regulations. Major retailers Wildberries and M.Video have both responded to the increased demand, with Wildberries reporting an average price drop of 13% to 7,900 rubles per device. M.Video has also expanded its product range to meet the growing consumer interest. Neither retailer, however, has officially attributed the sales spike to any specific cause, despite the timing coinciding closely with the incoming regulatory changes.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Brazil Central Bank Mandates Delays on Large Overseas Crypto Transfers

Brazil's central bank has issued a directive requiring cryptocurrency exchanges to delay large transfers of digital assets abroad. The rule targets transactions exceeding $10,000, as well as smaller transfers that exchanges identify as carrying elevated risk. The measure appears aimed at strengthening oversight of cross-border crypto flows out of the country. Exchanges operating in Brazil are now responsible for flagging and holding suspicious transactions before processing them internationally.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Bitwise CIO predicts massive institutional capital shift into Bitcoin

Bitwise Asset Management's Chief Investment Officer Matt Hougan has forecast a significant flow of institutional money into Bitcoin. He estimates that large capital pools globally control assets worth up to $200 trillion. According to Hougan, even a 1% reallocation of those funds toward Bitcoin could trigger substantial long-term growth for the asset. The projection highlights growing optimism around institutional adoption of digital assets.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

T. Rowe Price includes memecoins in crypto ETF, citing active investment strategy

Asset management giant T. Rowe Price, overseeing $1.9 trillion in assets, has included memecoins in its cryptocurrency ETF. The firm argues that ruling out established memecoins on principle would contradict its active approach to crypto investing. Rather than applying blanket exclusions, the manager appears to evaluate digital assets on a case-by-case basis. The decision signals a notable shift in how major traditional financial institutions are approaching the broader crypto asset class.

0 comments Read more at CoinDesk