Bitcoin News and Finance: What You Need to Know

Many crypto proponents have warned that despite a small connection between Blackrock and XRP , the news of the world’s largest asset manager shifting focus from bitcoin to XRP is fake. Blackrock is currently waiting for the U.S. Securities and Exchange Commission (SEC) to greenlight its spot bitcoin ETF application. Crypto Proponents Doubt Veracity of Blackrock- XRP Rumors Over the past few days, rumors have circulated on social media that Blackrock, the world’s largest asset manager, is shifting its crypto strategy from bitcoin to XRP . One of the widely shared articles was published by Investing.com, titled “Blackrock rumored to shift crypto focus from Bitcoin to XRP .” The article explicitly disclosed that it was “generated with the support of AI and reviewed by an editor.” Many people within the crypto community doubt the veracity of the news, pointing out that the claim is unsubstantiated and lacks credible sources. Some flat-out called it fake news, including crypto influe...

Nine U.S. lawmakers have thrown their support behind the Digital Asset Anti-Money Laundering Act, recently reintroduced in Congress by Senators Elizabeth Warren, Roger Marshall, Joe Manchin, and Lindsey Graham. Experts have warned that this crypto bill is the most direct attack on the privacy and personal freedom of cryptocurrency users. Digital Asset Anti-Money Laundering Act Gains Support Nine U.S. lawmakers have joined Senators Elizabeth Warren (D-MA), Roger Marshall (R-KS), Joe Manchin (D-WV), and Lindsey Graham (R-SC) in support of the Digital Asset Anti-Money Laundering Act . The bill aims to “close loopholes in current law and bring cryptocurrency companies into greater compliance with the anti-money laundering and countering the financing of terrorism (AMF/CFT) frameworks that govern much of the financial system,” the lawmakers described. Senator Warren first unveiled the bill in December last year. In July, Senators Warren, Marshall, Manchin, and Graham reintroduced the b...

The best-selling author of Rich Dad Poor Dad, Robert Kiyosaki, says “crypto is the future.” In contrast, he said fiat currencies, including the U.S. dollar, are “toast.” He referred to fiat money as fake money, while gold and silver are “God’s money” and bitcoin is “people’s money.” Robert Kiyosaki Sees Crypto as the Future The author of Rich Dad Poor Dad, Robert Kiyosaki, believes that cryptocurrency is the future. Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for over six years. More than 32 million copies of the book have been sold in over 51 languages across more than 109 countries. In a post on social media platform X Saturday, Kiyosaki noted that there is a “massive crypto conference” going on in Singapore, emphasizing that it’s “very exciting.” The famous author added: Crypto is the future. Fiat…a.k.a. FAKE money is toast. Kiyosaki has long cautioned that fiat currency’s days are numbered. ...

As nations become more authoritarian, the crypto economy and its related technologies stand out as powerful counterpoints to overreaching governance. The following Learning and Insights editorial explores why libertarians, especially agorists, embrace digital currencies such as bitcoin and tools of the crypto economy in pursuit of greater individual freedom for all. Crypto’s Liberation: Empowering Individual Freedom Amidst Growing Authoritarianism Last week, Bitcoin.com discussed how bitcoin ( BTC ) applies to Carl Menger’s theory of money and how prominent libertarian economists perceive the evolution of money. The following is an examination of why libertarians and individuals described as agorists believe the crypto economy helps fuel the counter-economy. Agorism advocates, also known as agorists, bolster counter-economic activity, which involves voluntary exchanges and arrangements that circumvent the state’s regulations, restrictions, taxation, and interventions. Counter-e...

Binance founder Changpeng Zhao has commented on the latest executive departures from his company’s American branch. The changes in the U.S. crypto trading firm’s management, including the release of its chief executive, followed similar developments at the global exchange. CZ Urges Followers to Ignore Binance US FUD, Says Regulatory Environment Requires New Head Binance founder and CEO Changpeng Zhao (CZ) took to X, formerly Twitter, to address “some speculation regarding recent management changes” at Binance’s branch in the United States. His tweet follows news that the Miami-based entity’s chief executive is leaving . “Brian Shroder is taking a deserved break after accomplishing what he set out to do when he joined two years ago. Under his leadership, Binance US raised capital, improved its product and service offerings, solidified internal processes, and gained significant market share, all of which helped to build a more resilient company for the benefit of customers,” CZ said...

As cryptocurrencies continue to evolve, two key consensus mechanisms have emerged for validating transactions on the blockchain: proof-of-work (PoW) and proof-of-stake (PoS). This explainer will examine how these protocols differ and the unique benefits and drawbacks of each. Consensus Mechanisms in Cryptocurrency Proof-of-work (PoW), first introduced by Bitcoin in 2009, requires miners to compete to add new blocks to the blockchain. By expending significant computational power, miners prove that the work was done to validate transactions. The first miner to win the race and discover a block is rewarded with newly minted cryptocurrency. PoW relies on decentralized consensus – no single entity controls the network. However, its critics consider it incredibly energy-intensive. Proof of stake, first conceptualized in a bitcointalk.org thread in 2011, works differently than PoW. Rather than miners, PoS networks have “validators” who stake or lock up their coins to participate in tr...