Bitcoin advocate John Carvalho introduced a new Bitcoin Improvement Proposal that seeks to redefine the cryptocurrency’s unit of measurement.

The proposal suggests replacing the current structure — where one Bitcoin equals 100 million satoshis — with a system that makes the smallest indivisible unit, the satoshi.

Under Carvalho’s proposal, “one Bitcoin” would now mean what is currently understood as one satoshi — one one-hundred-millionth of a Bitcoin.

This change would eliminate the need for

MicroStrategy has officially secured a spot in the Nasdaq-100 Index, ending uncertainty over whether the company would qualify.

Effective December 23, MicroStrategy’s inclusion in the Nasdaq-100 will add it to index-tracking funds like QQQ, an exchange-traded fund with over $250 billion in assets and exposure to millions of retail and institutional investors.

However, the company’s inclusion may be short-lived due to a looming classification review.

The Nasdaq-100 includes the 100 largest non

If crypto needs any more evidence of a bull market, Anthony Scaramucci has good news.

The founder and managing partner of SkyBridge Capital has ordered a new Lambo.

He’s upgrading his 2022 luxury sports car to the 2026 model because the crypto markets are soaring, he told DL News.

“I’m a nouveau riche Italian from Long Island. I grew up with no money,” he said, sipping coffee in the lobby of the Four Seasons Hotel in Abu Dhabi. “My life’s dream is to have a Lamborghini.”

And perhaps the Wall

The heartland of America’s Bitcoin mining industry is laying the groundwork for legislation to hold the asset in its reserves.

Texas State Representative Giovanni Capriglione introduced a bill on Thursday to allow the state to accept taxes, fees, and donations in Bitcoin that it would hold for at least five years.

Capriglione framed the move as a hedge against inflation, stating, “Investing in Bitcoin would be a win-win for the state.”

The push for state-level Bitcoin investments comes amid P

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Glad Lucia! Eric here.

Analysts are predicting a massive crypto pump for Christmas.

And while Bitcoin looks set to rise as high as $200,000, a slew of altcoins are on the cusp of breaking new records, too.

Bitcoin’s record is “fuelling hopes among traders for a sustained altcoin season and a potential Santa Rally,” Coinstash co-founder Mena Theodorou said in a note this week.

Market watchers have re

MicroStrategy shareholders may soon find out whether the software company will be included in the coveted Nasdaq-100 index — and supercharge its exposure to investors.

The Nasdaq is expected to rebalance the list later on Friday. Many shareholders hope that MicroStrategy’s $92 billion market cap will be enough to propel it into the upper half, placing it between chipmaker Marvell Technology and cybersecurity powerhouse CrowdStrike.

There’s just one problem — MicroStrategy’s $42 billion Bitcoin

Financial titan BlackRock gave investors on Thursday its first recommendation of how much Bitcoin they should have in their holdings.

BlackRock’s call for a reasonable allocation: between 1% and 2%.

That amount would expose investors to a similar risk profile as that of the Magnificent Seven, per Eric Balchunas, senior ETF analyst at Bloomberg, who posted snippets of the BlackRock investor’s note on X.

The Big Tech stocks in the Magnificent Seven are Amazon, Apple, Microsoft, Alphabet (Google

About an hour into a Congressional hearing last week, Representative French Hill had heard enough.

“No one has any patience on this on either side of the aisle,” the Arkansas Republican said.

“Legal businesses in the United States, in this great country, should have the freedom to bank and have financial services.”

Then on Wednesday, Senator Tim Scott, the ranking Republican on the Senate Banking Committee, said his own piece on the matter during a hearing.

“No legal business should ever be

Is it finally Ethereum’s time to shine?

After a spate of liquidations this week, crypto markets have bounced back — but few rebounded as high as Ethereum.

While Bitcoin rose 2.5% over the past day, and Ethereum jumped 6%, according to CoinGecko. One analyst now says the sky is clear for a new all-time high.

“The cogs and bolts are in place,” Iliya Kalchev, an analyst at Nexo, told DL News. “Ethereum could catapult beyond $5,000 as early as the start of 2025.”

The latest crypto rally — sparke

Richard Teng, the CEO of Binance, still won’t say where the world’s top crypto exchange will locate its global headquarters.

But the former Abu Dhabi regulator did say that the United Arab Emirates was “very attractive” as a potential location.

“A global HQ is something we’ve put a lot of time into,” Teng told DL News on the sidelines of Abu Dhabi Finance Week. “When we come to final determination, we will let you know.”

When asked whether Abu Dhabi or Dubai, the UAE’s two largest cities, wer

A horde of investors have piled into MicroStrategy to ride Bitcoin’s soaring price. Now, companies are copying CEO Michael Saylor’s unique plan.

Some 144 companies are known to hold Bitcoin on their balance sheets, though not all of them mimic Saylor’s strategy.

The idea is simple. MicroStrategy uses the vast majority of money it generates to buy more Bitcoin.

The company makes about $500 million in revenue from its software business, it issues zero-interest “convertible” debt that borrowers

MicroStrategy wants investors to know that it’s stockpiling Bitcoin.

The headline announcing its first-quarter results reads: “Now holds 214,400 BTC.”

For the second quarter, the announcement read: “Now holds 226,500 BTC.”

And Michael Saylor, the founder and chairman of the company, seems to do little else on X other than fawn over the world’s largest cryptocurrency.

“Bitcoin is a swarm of cyber hornets serving the goddess of wisdom, feeding on the fire of truth,” reads the featured post on

Microsoft shareholders have rejected a proposal that would direct the company to invest in Bitcoin.

The unlikely push to get Microsoft, one of the world’s most valuable companies, to buy Bitcoin came from the National Center for Public Policy Research, a conservative think tank.

The organization has filed more than 60 proposals at Fortune 500 companies urging them to consider a variety of proposals, from reviewing the supposed risks of diversity initiatives to investing in Bitcoin as an inflat

The suspect in the murder of UnitedHealthcare CEO Brian Thompson has captured crypto users’ imagination.

In the aftermath of the December 4 killing of the insurance company boss and ensuing manhunt, Polymarket bettors poured half a million dollars onto the platform.

Meanwhile, memecoins linked to details surrounding the manhunt have soared.

One memecoin, named after suspect Luigi Mangione, skyrocketed to $77 million before falling to about $17 million.

“As always, Solana memecoins are the be

A recent quantum computing breakthrough threatens Bitcoin.

That’s according to Avalanche blockchain founder Emin Gün Sirer, who says that developments including Google’s new Willow quantum computing chip risk being able to break the encryption underpinning creator Satoshi Nakamoto’s wallets.

Nakamoto, the pseudonymous creator of Bitcoin, holds more than 1.1 million coins — valued at about $107 billion — in older Pay-To-Public-Key, or P2PK, wallets, which tie funds directly to a user’s public k

In a sign of bullishness among retail investors, crypto trading volume soared more than 500% in November on eToro, the online brokerage site, compared to the same month in 2023, CEO Yoni Assia told DL News on Tuesday.

Propelled by the November 5 election of the pro-crypto Donald Trump, the broad-based crypto rally is posting fresh records every week.

On December 5, Bitcoin crested $100,000 and the market value of the cryptocurrencies now tops $3.6 trillion, according to CoinGecko.

“Every time

Bitcoin hitting $100,000 was an early crypto Christmas gift that is paving the way for a crypto boom, according to analysts.

That milestone, says Coinstash co-founder Mena Theodorou, is “fuelling hopes among traders for a sustained altcoin season and a potential Santa Rally,” he said in an email.

He’s not the only bullish market watcher. Analysts point to three reasons why an altcoin pump is just around the corner.

Donald Trump

Several drivers that fuelled Bitcoin’s surge have also pumped al

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GM, Tim here.

Pump.fun is in decline.

New analysis finds “shocking” concentration of power in DAOs.

Compound’s Robert Leshner is bullish XRP DeFi.

Pump.fun plummets

Users are evaporating from top memecoin platform pump.fun after a spate of controversies and a ban from the UK’s financial watchdog.

On November 20, the number of memecoins created in a 24 hour period hit an all-time high of 69

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It’s hard to recall a time when there was so much anticipation for a government watchdog.

And yet with President-elect Donald Trump’s nomination of Paul Atkins to head the US Securities and Exchange Commission, the crypto industry is giddy with anticipation.

“Paul Atkins is an excellent choice for SEC chair,” tweeted Coinbase CEO Brian Armstrong.

Crypto lawyer Gabriel Shapiro posted a GIF of Jim from

Ripple CEO Brad Garlinghouse got a bit of mainstream spotlight with an appearance on the CBS program “60 Minutes.”

On the show, Garlinghouse got a chance to present the case for cryptocurrencies to the show’s 10 million weekly viewers — he backed Ripple and detailed his battle with regulators over the XRP token.

The debut got testy, however, with the appearance of former Securities and Exchange Commission official John Reed Stark.

Stark, a crypto sceptic and backer of SEC Chairman Gary Gensle