As I understand things, the security and integrity of Bitcoin rely on the assumption that its hashing is “hard” in some sense. However, in the past, processing power has increased exponentially. This has made some problems solvable in a reasonable amount of time that were not solvable before. How does Bitcoin account for the possibility that processing power will continue to increase in the future?
A Bitcoin user was tricked into sending 0.255 Bitcoin to the wrong address due to malware running on their computer. An unfortunate Bitcoin (BTC) user was duped out of 0.255 BTC, almost $10,000, due to […]
**SEC Consults on Bitcoin Options Trading as Firms Seek Approval**
The Securities and Exchange Commission (SEC) is soliciting public feedback on proposals for Bitcoin options trading, responding to growing industry interest. Options are financial contracts giving buyers the right, but not the obligation, to trade an asset at a set price by a certain date.
Several firms, including CME Group and VanEck, have applied to the SEC for permission to offer Bitcoin options products. The SEC is seeking comments on issues such as regulation to protect investors, management of risks, and preventing price manipulation.
The industry believes Bitcoin options could provide greater flexibility and hedging opportunities for traders, potentially boosting liquidity and participation in the Bitcoin market. However, the SEC must carefully consider regulatory measures to ensure a fair and transparent trading environment for all participants.
Key Takeaways An all-time high of 12.7 million bitcoins have not moved in over a year That translates to two-thirds of the circulating supply Only 7% of bitcoins have moved in the last month History […]