MVRV Z-Score and market cycles Recent trends indicate that the MVRV Z-Score has been on a consistent downward path, possibly signaling the end of Bitcoin’s upward momentum. Nonetheless, a look back in history reveals a different narrative. In previous bull runs, such as those occurring in 2016-2017 and 2019-2020, similar drops in the MVRV Z-Score were noted.
The expansion and influence of Bitwage in global payroll Currently, Bitwage proudly supports over 4,500 companies and has a user community of 90,000 individuals who depend on its services to receive their salaries in Bitcoin and stablecoins. This expansion reflects the rising interest in cryptocurrency payroll solutions, especially as remote work and international transactions become increasingly commonplace.
Institutional interest fuels inflows into spot Bitcoin ETFs The demand from institutions for Bitcoin exposure is increasing, as shown by the latest inflows into US spot Bitcoin exchange-traded funds (ETFs). On August 23rd, these ETFs logged their sixth straight day of net inflows, totaling around million.
ChinaAMC Bitcoin ETF Experiences Largest Inflow in Over a Month The rising inflows into the spot Bitcoin ETFs in Hong Kong, especially the ChinaAMC Bitcoin ETF, reflect a broader movement across Asia. Regional investors are increasingly favoring regulated Bitcoin exposure, a trend that aligns with global movements, though it incorporates specific regional characteristics.
Ark Labs obtains .5 million in pre-seed funding to propel Bitcoin scaling Ark Labs has been making remarkable progress in its development, particularly with the introduction of a covenant-less implementation. This approach is viewed as a vital advancement in the protocol’s progression, enabling the team to prioritize immediate, practical uses while still allowing for future upgrades.
Incorporating bitcoin into financing for real estate development Moreover, the adoption of bitcoin as collateral in lending is anticipated to gain traction as financial institutions recognize its advantages. The high liquidity and ease of transfer associated with bitcoin render it an ideal collateral form, especially when compared to real estate, which can be both cumbersome and slow to liquidate.
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Theya unveils direct bitcoin purchase feature At present, this feature utilizes the ACH payment system for bitcoin purchases, with intentions to roll out a wire transfer option for larger transactions soon. This progression is particularly appealing to those who prioritize both security and convenience in their bitcoin transactions.
The mirage of finality Source: bitcoinmagazine.com Possibly the most promising proposition for improving both privacy and finality in Bitcoin transactions is Silent Payments. An enhancement protocol known as BIP 352 aims to boost transaction privacy by enabling users to receive payments without disclosing their public addresses on the timechain.
TMRW’s groundbreaking method for social payments The funding will also be allocated to improve the app’s functionalities and broaden its user demographic. TMRW intends to make both Bitcoin and fiat transfers available globally, ensuring a seamless experience for users no matter where they are located.