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Marathon and Brink Join Forces to Raise $1 Million for Bitcoin Core Developers – Bitcoin NewsBitcoin miner Marathon pledged to match all contributions toward this cause, totaling a maximum of $500,000 through 2023.
Source: BTCTN - 🏆 531. / 51 Read more »
Bitcoin Voucher Provider Azteco Secures $6 Million Funding Round Led by Jack Dorsey – Bitcoin NewsAzteco, a firm offering minute bitcoin (BTC) portions through a voucher system, announced raising $6 million in seed funding.
Source: BTCTN - 🏆 531. / 51 Read more »
Bitcoin Transaction Backlog Shrinks, but Over 289,000 Still Await Confirmation – Bitcoin NewsCurrently, statistics indicate that a high-priority Bitcoin network fee stands at $1.81 per transaction, while a medium-priority fee costs $1.62.
Source: BTCTN - 🏆 531. / 51 Read more »
Clash of Presidential Contenders: Bitcoin Gains Prominence as 2024 US Election Approaches – Bitcoin NewsTwo U.S. presidential prospects now accept bitcoin for campaign contributions while Biden and Trump have shown disdain for the technology.
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What Information Variables Predict Bitcoin Returns? A Dimension-Reduction ApproachThis article investigates the determinants of Bitcoin returns. The authors consider a comprehensive set of information variables under five categories: macroeconomics, blockchain technology, other assets, stress level, and investor sentiment. Their approach toward this large dataset is built upon dimension-reduction models such as Backward Elimination, least absolute shrinkage and selection operator (LASSO), principal component regression (PCR), and three-pass regression filter (3PRF). The empirical results show that blockchain technology, stress level, and investor sentiment have positive, negative, and positive predicting power on Bitcoin returns, respectively. Macroeconomic variables exhibit insignificant impacts on Bitcoin returns. Other asset variables show little predicting power until 2019, but some become a significant predictor during the COVID-19 pandemic. Overall, the authors caution against using Bitcoin as a risk-hedging device in financial portfolios. They also find that, consistent with other financial assets such as equities, Bitcoin shows increased predictability with a longer return horizon. Due to their empirical results, they also advocate the use of 3PRF; relative to other dimension-reduction methods under consideration, they observe superior performance of 3PRF in predicting both the level and the direction of future Bitcoin returns across all return horizons.
Source: physorg_com - 🏆 388. / 55 Read more »
Bitcoin Ordinals' total mintage fees increase 700% from April: ReportAt the same time, the total market cap of BRC-20 tokens has surged to $613 million since their inception in January. Bitcoin Ordinals offer a unique numbering system for tracking and transferring individual Satoshis. Unlike traditional NFTs, they reside entirely on the Bitcoin blockchain, eliminating the need for a separate token or sidechain.
Source: Cointelegraph - 🏆 562. / 51 Read more »