Bitcoin

Bitcoin Magazine CFTC Charges Goliath Ventures With $400M Bitcoin Fraud The Commodity Futures Trading Commission has sued a Florida crypto trading firm and its chief executive, alleging they ran a Ponzi scheme that took in at least $397 million from about 1,600 customers and spent it on fake payouts and personal luxuries. The complaint, filed in the U.S. District Court for the Middle District of Florida, names Goliath Ventures Inc. and its CEO, Christopher Delgado, a Florida resident. According to the CFTC, Delgado and his company solicited money from the public for crypto asset trading, primarily in Bitcoin and other cryptos, then misappropriated all of it. .@CFTC Charges Goliath Ventures Inc. and CEO with $400 Million Fraud Scheme: https://t.co/3bnHedt4rk — CFTC (@CFTC) August 11, 2026 Rather than trading customer funds as promised, the agency alleges, the defendants used incoming money to pay fictitious profits to earlier investors and to bankroll what the complaint describes as Delgado’s lavish lifestyle. The CFTC also says the defendants guaranteed customers the return of their principal, their profits, or both, and sent out account statements showing gains that did not exist. Delgado has already admitted criminal responsibility. In June, in a parallel case brought by the U.S. Attorney’s Office for the Middle District of Florida, he pleaded guilty to federal charges tied to the fraud. The Securities and Exchange Commission filed its own civil action against Delgado and Goliath on Tuesday, the same day as the CFTC complaint. CFTC Chairman Michael S. Selig framed the case as part of a broader posture toward digital asset markets, saying the agency would keep policing fraud and manipulation while it develops clearer rules so legitimate firms can build domestically. David I. Miller, the agency’s director of enforcement, said the division remains what he called an important cop on the beat on digital commodity fraud. The CFTC is seeking restitution for customers, disgorgement of ill-gotten gains, civil monetary penalties, trading and registration bans, and a permanent injunction barring further violations of the Commodity Exchange Act and the agency’s regulations. The allegations in the civil complaint remain unproven. Counsel for Delgado and Goliath Ventures was not identified in the CFTC’s announcement. Restitution orders in cases like this one are frequently difficult to collect. The agency routinely notes that wrongdoers may not have enough remaining assets to repay what victims lost. This post CFTC Charges Goliath Ventures With $400M Bitcoin Fraud first appeared on Bitcoin Magazine and is written by Mathew Di Salvo. Переглянути повний текст

Bitcoin Magazine Casa CEO Nick Neuman: 233k BTC Moved To Safety After Coldcard Exploit Proves Self-Custody Resilience Casa CEO Nick Neuman pointed to onchain data from the recent Coldcard firmware exploit as evidence that self-custody strengthens Bitcoin’s resilience as an asset class. In an X post on Aug. 9, Neuman cited figures showing that in the days after the Coldcard hack, where approximately 2.1k BTC was stolen, 22k BTC moved to exchanges and 233k BTC left long-term holder wallets in on-chain transactions, according to data by Checkonchain. “The onchain metrics around the Coldcard incident reinforce how important self-custody is to the resilience of Bitcoin as an asset class,” Neuman wrote. DATA BY CHECKONCHAIN Galaxy Research has tracked confirmed losses from the Coldcard entropy flaw as low as 1.7k, ranging to more than 2k BTC. The stolen coins are tracked across multiple attack waves beginning July 30, with higher estimates approaching $130 million. The vulnerability stemmed from a March 2021 firmware issue that weakened seed generation on certain Coldcard models. Neuman said Casa’s own customer conversations indicated that some of the 233k BTC movement reflected holders shifting from non-Coldcard single-key setups (such as Ledger or Trezor) into multisig wallets after reassessing single-key risk. Other flows involved multisig users removing Coldcard devices from their keysets. “So somewhere between ~10x-100x the amount of bitcoin stolen was moved to safety as people sounded the alarm,” he wrote. “This is a giant flashing neon sign showcasing the resilience that self-custody adds to the network.” Neuman contrasted the outcome with a hypothetical centralized custodian breach. In that scenario, he argued, the numbers would likely reverse: limited funds might escape while the majority would be lost in a single event. With self-custody, attackers had to target individual wallets, limiting the scale of any single success and giving holders time to react. “If all that BTC was held at a custodian and the custodian was hacked instead, those numbers would have been flipped,” Neuman stated. “As it was, the thieves had to crack one wallet at a time (and are still going), earning a little BTC each wallet, instead of cracking one wallet and getting a massive payday.” He concluded that self-custody benefits not only individual holders but the Bitcoin network itself by distributing risk and preserving confidence. Casa, founded in 2018, provides multi-signature vault solutions aimed at higher-value holders and institutions seeking practical self-custody. Bitcoin Magazine has previously covered the company’s multisig products and Neuman’s views on sovereignty and institutional adoption. The Coldcard incident has prompted renewed discussion across the industry about single-signature hardware wallets, key generation practices, and the relative merits of multisig and emerging covenant-based vault designs. Onchain data cited by Neuman suggests that, whatever the technical shortcomings of specific devices, the ability of holders to move funds independently limited the systemic impact. This post Casa CEO Nick Neuman: 233k BTC Moved To Safety After Coldcard Exploit Proves Self-Custody Resilience first appeared on Bitcoin Magazine and is written by Juan Galt. Переглянути повний текст

Bitcoin Magazine Twenty One to Become ‘More Than a Bitcoin Treasury,’ Says New CEO Bitcoin treasury Twenty One’s new CEO has reassured investors that the firm will become “more than a Bitcoin treasury” following shareholder concerns about the company. The Tuesday letter to shareholders comes after the Bitcoin treasury — the second biggest in the space — released its quarterly earnings: the company posted a net loss of $413.5 million in Q2 2026, driven almost entirely by a non-cash “change in fair value” of its BTC holdings. Bitcoin treasuries have faced a rough 2026 so far following Bitcoin’s price plunge. The leading cryptocurrency has shed about 50% of its value since it notched a all time high of $126,080 in October, hurting such companies’ stock price. https://t.co/CUhNJBoWYv — Rapha Zagury (@RaphaZagury) August 11, 2026 “Twenty One owns one of the largest Bitcoin balance sheets in the public markets. That is a real advantage, but if Twenty One is going to be worth owning, it must become more than a Bitcoin treasury,” wrote Raphael Zagury, who took the helm in July, replacing Jack Mallers. Zagury said investors had voiced concerns about the stock trading at a discount to the Bitcoin it holds, and that some thought “the build is not happening fast enough.” “That work has started: searches for key operating roles are underway,” he said to reassure investors. “Ultimately, actions, not words, will address these concerns and move the company forward.” Zagury added that the company was going to build a conservatively leveraged Bitcoin-backed lending/credit business, and support Bitcoin developers, “no-strings attached.” “I will finish with this: Twenty One is not a substitute for Bitcoin,” Zagury said. “Investors who want pure Bitcoin exposure should understand that Bitcoin itself is the cleanest expression of that view. Twenty One must earn the right to be something different: a way to own the build around Bitcoin.” Twenty One was the product of Tether, Bitfinex, Cantor Fitzgerald, and SoftBank (which now no longer is part of the project). It has the second biggest public Bitcoin treasury, according to Bitcointreasuries.net, with a total of 43,514 coins — or $2.7 billion in Bitcoin’s current price of $63,464. It debuted last year through a SPAC merger with Cantor Equity Partners, a blank check company affiliated with financial services firm Cantor Fitzgerald. Bitcoin treasuries exploded last year as public companies wanting to boost their stock prices rushed to accumulate Bitcoin — and other cryptocurrencies. Following in the footsteps of software company Strategy (formerly MicroStrategy), such firms have seen their stock suffer as crypto markets have sold off since October. Even Strategy, the largest corporate holder of Bitcoin, has sold chunks of Bitcoin to create a cash buffer. Twenty One in July said it would try and create a model like Berkshire Hathaway: build and acquire high-quality operating businesses that “leverage Twenty One’s balance sheet while maintaining disciplined capital allocation at the parent company and create a long-term ownership model inspired by Berkshire Hathaway.” Twenty One’s stock (NYSE: XXI) was down over 1% over the past day on Tuesday. Year-to-date, the company’s stock is down by more than 50%. This post Twenty One to Become ‘More Than a Bitcoin Treasury,’ Says New CEO first appeared on Bitcoin Magazine and is written by Mathew Di Salvo. Переглянути повний текст

Bitcoin Magazine Bank of Russia Approves Bitcoin Trading For Retail Investors Russia’s central bank has approved Bitcoin trading for the public on the country’s crypto exchanges, according to reports. Citing the Bank of Russia’s Telegram channel, news agency Tass reported that the central bank capped cryptocurrency purchases for retail investors at 300,000 rubles ($3,632) per year. The news comes as Russia moves fast in regulating the crypto space. President Vladimir Putin has spoken about the benefits of Bitcoin and spoken about how the country has advantages when it comes to crypto mining. But using crypto to pay for goods is still prohibited in Russia. “According to the law, the selection of cryptocurrencies factors in their market capitalization, average daily trading volume, and foreign exchange pricing history, which must span at least five years for each asset,” TASS reported the Telegram channel saying. It added that other top cryptocurrencies, including Tether’s USDT stablecoin, were allowed for retail investors too. Qualified investors will be able to trade a longer list of digital assets, it continued. Qualified investors have no limits on the amount they can trade, a news report earlier this month revealed. President Putin earlier this month reportedly signed a law to regulate digital currencies and digital rights in the country. Russian regulators, lawmakers and the central bank have been working to clarify the legal status for digital assets in recent years. The Russian state still has a tight grip over what its citizens can do with Bitcoin, though. Despite Putin appearing to praise Bitcoin in the past, the use of digital assets to pay for things has been banned for years. Russian lawmakers have made an exception for international payments — but most likely as a way to dodge Western sanctions. The U.S. and European governments cut Russia off from the SWIFT payments system after it invaded Ukraine in 2022 and Russian companies have been using Bitcoin to skirt around the penalties, according to the country’s finance minister. This post Bank of Russia Approves Bitcoin Trading For Retail Investors first appeared on Bitcoin Magazine and is written by Mathew Di Salvo. Переглянути повний текст

Bitcoin Magazine Luke Dashjr Removed as Bitcoin BIP Editor Following (BIP)-110 Fork Failure Bitcoin developer Luke Dashjr, who backed the failed Bitcoin Improvement Proposal (BIP)-110, has been removed from his position as an editor of such proposals for the development of the Bitcoin network. The decision, voted on by other Bitcoin developers, was posted on the BIP Github Sunday. The BIP Github page, separate from Bitcoin Core’s repository, is where developers can make proposals to change Bitcoin. Dashjr called the decision “an abuse of power by Core,” adding: “They have no authority to do so.” This is just an abuse of power by Core. They have no authority to do so. — Luke Dashjr (@LukeDashjr) August 10, 2026 The motion read: “Over the past several years, Luke has been at the center of many contentious disputes within the Bitcoin ecosystem, and this week a new forkcoin spun out of Bitcoin under his leadership.” It added: “More specifically, Luke was heavily involved in the creation and implementation of BIP110, the proposal that led to the fork. During that process, he also exercised his authority as a BIP Editor inconsistently with the established editorial process unfairly favoring the proposal he was involved in.” The post further added that Luke has otherwise made hardly any contributions to the day-to-day work of the BIP Editors and “exercised his editorial privileges in a manner that raises conflict-of-interest concerns.” Dashjr is one of Bitcoin Core’s earliest contributors but clashed with the network’s main developers — and wider community — after he became one of the biggest supporters of (BIP)-110, a Bitcoin softfork aimed at reducing spam on the Bitcoin network. The wider Bitcoin industry opposed the proposal and it failed spectacularly when attempting to change Bitcoin consensus rules during the weekend, picking up only a fraction of the mining power of the main Bitcoin network. Dashjr on Monday wrote on X that he was taking a sabbatical as chairman and CTO from Ocean, a mining company that supported the fork, and would dedicate his efforts to “working on Bitcoin and open-source projects to support Bitcoin.” The (BIP)-110 proposal failed to get consensus Saturday when the nodes that support the proposal broke away from the main network and produced a new, out of consensus blockchain that people had been warning about. The new chain stalled after two blocks were mined by enthusiasts and has gone nowhere since Saturday as hashpower from miners has been dedicated to the main Bitcoin network. This post Luke Dashjr Removed as Bitcoin BIP Editor Following (BIP)-110 Fork Failure first appeared on Bitcoin Magazine and is written by Mathew Di Salvo. Переглянути повний текст

Bitcoin Magazine Blockstream Debuts Swaps, Allowing Bitcoiners to Move Between Lightning and Main Network With Ease Bitcoin infrastructure company Blockstream has announced a new feature allowing users to make trustless swaps. Dubbed Blockstream Swaps, the idea is that Bitcoiners will be able to quickly move between the main chain and Lightning network. It comes after non-custodial Bitcoin swap provider Boltz suspended its service after it said attackers were finding vulnerabilities faster than its team could fix using AI. “In support of the broader Bitcoin and Liquid ecosystem, Blockstream is launching Blockstream Swaps,” Blockstream said. “This initiative was already under development to ensure a resilient suite of utility for the ecosystem, and it complements the providers already doing this work rather than replacing any one of them.” The idea, added Blockstream, is users can move funds across layers while never losing full control over their funds. To use Lightning, users will not need to run a node or channel — as is normally needed with Lightning — and can simply hold a Bitcoin or LBTC balance and let a swap convert at the moment of payment. LBTC is the native asset of the Liquid Network, a Bitcoin layer-2 sidechain created by Blockstream. “This initiative was already under development to ensure a resilient suite of utility for the ecosystem, and it complements the providers already doing this work rather than replacing any one of them,” added Blocksteam’s announcement. Boltz this month suspended its Bitcoin swap service. It said that a surge in AI-assisted attacks left it unable to continue operating safely. Crypto hacks have surged, with security experts warning that cybercriminals are using AI to search for bugs in crypto projects and then take advantage of errors auditors may have missed. This post Blockstream Debuts Swaps, Allowing Bitcoiners to Move Between Lightning and Main Network With Ease first appeared on Bitcoin Magazine and is written by Mathew Di Salvo. Переглянути повний текст

Bitcoin Magazine BTCPay Server Offers a 3 Bitcoin Bounty for Recovery of Stolen Funds After Wallet Exploit Supporters of BTCPay Server have committed to funding a bounty of up to three Bitcoins for the recovery of funds stolen through a recently disclosed vulnerability in the open-source bitcoin payment processor, the project said in a statement. The bounty is set at 10 percent of whatever is recovered, capped at three coins in the event of a full recovery. The project even extended the offer to the attacker directly alongside anyone else holding actionable information, directing them to a dedicated security address and offering Signal or other encrypted channels on request. Hackers last week managed to extract Lightning Network admin macaroon credentials from affected BTCPay Server instances. The project published technical details and remediation guidance in a separate security advisory. “To the users who lost funds: we are sorry,” the project said in a statement. “We will examine our mistakes, but regret alone will not help affected users or secure the project. There is no time to waste. We have to learn, improve, and act quickly.” The BTCPay Server Foundation said it would donate 0.21 Bitcoins to Sparrow Wallet developer Craig Raw and a further 0.21 Bitcoins to the Bitcoin Red Team fund in recognition of their responsible disclosure of the vulnerability. Separately, the project said it has been contacted by security teams at exchanges, blockchain analytics firms and law enforcement agencies offering assistance in tracking the stolen coins. Affected users who have not yet come forward are being asked to share on-chain addresses and transaction details, and to file reports with local authorities and any exchange or service where the funds surface. Individual reports, the project said, help preserve records and establish a chain of evidence that improves the odds of funds being frozen. The project added that improving AI models are making it faster and cheaper to comb large codebases for weaknesses, shifting the balance toward attackers, and that Bitcoin projects are feeling it first because they are unusually valuable targets. This post BTCPay Server Offers a 3 Bitcoin Bounty for Recovery of Stolen Funds After Wallet Exploit first appeared on Bitcoin Magazine and is written by Mathew Di Salvo. Переглянути повний текст

Bitcoin Magazine Bitcoin Exchange-Traded Funds See Spike In Inflows Following Huge Hack American Bitcoin exchange-traded funds have had their biggest weekly inflow since April, taking in $850 million last week, according to Bloomberg figures. The major U.S. funds managed by BlackRock, Fidelity, Grayscale, Morgan Stanley and others have received the cash the week after hackers targeted Coinkite’s popular Coldcard product. Hackers started stealing millions in Bitcoin from Coldcard wallets after discovering a vulnerability in the product’s software. Some estimates put the amount of Bitcoin lost now at over $130 million. JUST IN: BlackRock tells Bloomberg they've "seen consistently" that Bitcoin ETF investors are buying and holding BTC "long term" on this dip "That is being exhibited through this downturn." HODL pic.twitter.com/9D0j9uLJwu — Bitcoin Magazine (@BitcoinMagazine) August 10, 2026 The incident has rattled the BTC community that typically praises cold storage solutions. Speaking on Bloomberg’s ETF IQ show on Monday, Robert Mitchnick, global head of digital assets at BlackRock, said that since the ETFs’ approval in 2024, investors have wanted a “very simple turnkey trusted vehicle and not have to worry about all the unique elements of Bitcoin and crypto security that generally custody otherwise would require of an investor.” Speaking about the Coldcard hack, he added: “What’s also important to recognize is that that is not a breach of Bitcoin or any other crypto protocol — those are individual security mismanagement issues that happen from various individuals or providers.” It isn’t clear whether investors are rotating out of cold storage into the ETFs since the hack but the funds have seen a spike in trading action. Bitcoin’s price has typically done well when investors have thrown cash at the products but the leading cryptocurrency is now flat over a seven-day period, priced at $63,861. BlackRock’s iShares Bitcoin Trust took most of last week’s inflows but other funds managed by Morgan Stanley and Fidelity also experienced trading action. The U.S. Securities and Exchange Commission in 2024 approved the slew of Bitcoin investment funds which went on to have the most successful launch in the history of ETFs. Investors previously put off from buying Bitcoin due to the complexities of cold storage and private keys can now buy shares that trade on stock exchanges that track the price of Bitcoin. The ETFs — managed by other top Wall Street fund managers — currently manage nearly $80 billion in assets, according to Coinglass data. This post Bitcoin Exchange-Traded Funds See Spike In Inflows Following Huge Hack first appeared on Bitcoin Magazine and is written by Mathew Di Salvo. Переглянути повний текст

Bitcoin Magazine TD Cowen Gives Crypto Clarity Act a 25% Chance of Passing This Fall Investment bank TD Securities has said that the long-awaited crypto Clarity Act has a slim chance of getting passed in a Monday note, citing last week’s delay and potential stalling from the Democrats. The bank said that now the bill won’t be passed before the summer, it only has a 25% of getting passed in September. Lawmakers were hoping a crucial vote on the long-awaited crypto market structure bill was to go ahead before a five-week recess but news dropped last week that there was a delay and now the Senate will vote on the bill in September. “The bill is not dead, but the path forward is harder,” the bank said. “We assign a 75% probability that Clarity fails to become law this fall.” TD Cowen said one likely outcome was for cloture to pass initially in September but then for Republicans to block Democratic amendments on the ethics and AML sections, leading Democrats to sink the second cloture vote. It added that it was also likely no cloture vote ever happens. Cloture is the Senate’s procedural tool for ending debate on a bill so it can move to a final vote. News dropped last week a vote on the bill would have to wait until lawmakers return from August recess. Bipartisan work has gone into the Clarity Act, which was passed by the House of Representatives last year, but some Republicans have accused Democrats of stalling the bill. The bill, if passed, would be a federal rulebook for U.S. cryptocurrency markets. The latest draft of the Clarity Act contains language — drafted by Democrats and Republicans — banning government officials from promoting or making money from crypto. It started circulating in July. Still, Democrats like Senator Elizabeth Warren, who has from the beginning criticized the Clarity Act, have claimed that new legislation will benefit the president and his family. Major financial institutions — not just crypto companies — have backed the bill, including Goldman Sachs and Fidelity, as well as law enforcement groups. This post TD Cowen Gives Crypto Clarity Act a 25% Chance of Passing This Fall first appeared on Bitcoin Magazine and is written by Mathew Di Salvo. Переглянути повний текст

Bitcoin Magazine Strategy Sells Bitcoin Again For Cash Buffer, STRC Buyback Bitcoin treasury company Strategy on Monday announced that it again sold Bitcoin last week, and used the cash to buy back its preferred stock. In a filing with the Securities and Exchange Commission, the Nasdaq-listed company said it sold 1,690 coins for $108.6 million, bringing its holdings to 840,447 coins, down from 842,138 it had the week before. The cash, Strategy said, went to buying 1,152,020 STRC shares worth $109 million as part of a buyback program. STRC in June fell far below the $100 stated amount. Strategy increased its USD Reserve by $650M and repurchased $109M of $STRC. This increased USD Duration by 143 days to 2.7 yrs and tightened STRC's BTC Credit by 10 bps. As of 8/9/26, we hold ₿840,447 in our BTC Reserve and $4.65B in our USD Reserve. $MSTR… — Michael Saylor (@saylor) August 10, 2026 Strategy, which went from being an enterprise software company to buying Bitcoin in 2020, hasn’t bought any Bitcoin since June. The company has reassured investors that selling Bitcoin is just part of its plan to grow its cash buffer. Strategy said Monday that it now holds $4.65 billion in cash. Strategy’s stock (Nasdaq: MSTR) was trading nearly 3% lower on Monday. The stock has taken a hit since the price of Bitcoin nosedived last year. Investors buy MSTR to get amplified exposure to the biggest digital asset. But now, as Bitcoin is nearly 50% below its October record, MSTR is down nearly 80% from the all-time high it notched last year. Despite the sale, Strategy has maintained that its long-term posture toward Bitcoin hasn’t changed. Strategy — formerly MicroStrategy — began buying Bitcoin in August 2020 as a treasury strategy to boost shareholder returns during the pandemic. It has since spent more than $63.5 billion buying Bitcoin and remains by far the largest corporate holder of Bitcoin in the world. Strategy’s approach spawned a wave of copycat companies that have since adopted similar crypto-treasury strategies of their own. The company maintains that its long-term posture toward Bitcoin is still the same. CEO Phong Le he isn’t worried about the current bear market, and that the company plans to remain a long-term buyer of Bitcoin despite its recent sales. This post Strategy Sells Bitcoin Again For Cash Buffer, STRC Buyback first appeared on Bitcoin Magazine and is written by Mathew Di Salvo. Переглянути повний текст

Bitcoin Magazine BIP-110 Fork Stalls at Two Blocks as Bitcoin Miners Refuse to Follow The Bitcoin Improvement Proposal (BIP)-110 appeared to stall at the weekend, when the nodes that support the proposal broke away from the main network and produced the chain split people had been warning about — a tiny, stalled one. The split came Saturday at block 961,632, when the proposal entered its mandatory signaling window. Nodes running BIP-110 software began rejecting any block that failed to signal support through version bit 4. When the first block at that height arrived without the signal, those nodes rejected it and peeled away onto a separate chain. And it has gone almost nowhere since. A pseudonymous mining group called Roughnecks produced both BIP-110 blocks — heights 961,632 and 961,633 — using Ocean’s DATUM protocol, then stopped. By Sunday afternoon the enforcing branch remained stuck at 961,633 while Bitcoin’s dominant chain had advanced to 961,744, a gap of 111 blocks and roughly 17 hours without a new block on the fork. The support was never there. Only 51 of the 2,016 blocks in the preceding difficulty period signaled for the proposal, about 2.53%, against the 55% threshold needed for voluntary lock-in. Since the mandatory window opened, none of the first 113 blocks on the dominant chain have signaled. Bitcoin’s difficulty adjustment compounds the problem. The fork inherited the main chain’s difficulty but commands a negligible share of hashpower, and cannot make mining easier until it completes a full 2,016-block period. Estimates of how long that would take range from under a year to decades, depending on the hashrate assumed. BIP-110, formally the Reduced Data Temporary Softfork, would have capped arbitrary data in transactions for roughly a year, targeting Ordinals inscriptions and oversized OP_RETURN payloads. Michael Saylor and Blockstream’s Adam Back both opposed it publicly, objecting less to the goal than to an activation method they argued invited exactly this outcome. Saylor wrote Sunday that Bitcoin had worked as designed, putting 99.85% of hashpower on the main chain. Mining company Ocean, whose team supported the proposal, informed clients that some miners using Ocean’s Stratum templates may have believed they were mining on Bitcoin while their hashrate was directed to the new BIP-110 chain. The company said it would reimburse miners affected with rewards they would have earned on the non-BIP-110 chain during that window. This post BIP-110 Fork Stalls at Two Blocks as Bitcoin Miners Refuse to Follow first appeared on Bitcoin Magazine and is written by Mathew Di Salvo. Переглянути повний текст

Bitcoin Magazine Trump Media Pulls Back From Crypto Deals: Report The President Donald Trump-backed media company, Trump Media and Technology Group, is pulling back from two of its crypto deals, according to a report by Axios. The publication reported Friday that the two deals with Crypto.com — a prediction market and treasury — would not go ahead. Citing comments from fusion energy company TAE’s interim CEO, Kevin McGurn, the publication said that Trump Media had pulled the deals as the market for digital asset treasury companies had become saturated over the past year. Trump Media last year said it was working with crypto exchange Crypto.com to build a Cronos treasury with $6.4 billion in backing. Cronos is the native coin of Crypto.com’s platform. It later in 2025 said it was working with Crypto.com on Truth Predict, a betting platform to allow users to put money on sports games, elections and other events. Digital asset treasuries exploded in popularity last year, with companies following in the footsteps of Nasdaq-listed software company Strategy to build balance sheets with Bitcoin and other cryptocurrencies. But a slump in prices since October has hurt the stock of a number of companies who adopted the business idea. McGurn was quoted saying that the decision to scale back was driven more by “competitive dynamics” rather than regulatory concerns surrounding a crypto company backed by the president. President Trump campaigned on a ticket to help the crypto space and received backing from major players in the space. The president since taking office has launched a meme coin and he and his family backed a crypto project, World Liberty Financial. Axios added that the exchange-traded funds debuted last year by Trump Media, special purpose acquisition company Yorkville Acquisition Corp., and Crypto.com would continue. This post Trump Media Pulls Back From Crypto Deals: Report first appeared on Bitcoin Magazine and is written by Mathew Di Salvo. Переглянути повний текст

Bitcoin Magazine Senators Cynthia Lummis and Angela Alsobrooks Say Bipartisan Work on Clarity Act Continues Despite Delays The Clarity Act may be delayed — for now — but pro-crypto senators remain committed to the fight. And not just Republicans: Democratic Senator Angela Alsobrooks accompanied conservative “Bitcoin Senator” Cynthia Lummis in assuring voters that work was being done on the bill. Lawmakers were hoping a crucial vote on the long-awaited crypto market structure bill was to go ahead before a five-week recess but news dropped Friday that it was too little, too late. Now, the Senate will vote on the bill in September. JUST IN: Senator Lummis releases statement now Clarity Act vote is delayed: "There will be a time where I can say more, but for now, let me say this, we've come too far to quit" "I will continue working with my colleagues to get this done — this fight is far from over" pic.twitter.com/ZLzc3pImrw — Bitcoin Magazine (@BitcoinMagazine) August 7, 2026 “We’ve worked for over a year on a bipartisan basis to protect consumers, limit deposit flight, fight illicit finance, and include a fair deal on ethics,” Alsobrooks said in a statement. Lummis, who had previously blasted Democrats for holding back the bill, added: “There will be a time where I can say more, but for now, let me say this, we’ve come too far to quit. I will continue working with my colleagues to get this done — this fight is far from over.” Passed last year in the House of Representatives, the Clarity Act started small but its text has grown over the months. This is partly because of banking lobby chiefs locking horns with crypto exchanges over concerns they pay customers too much yield with their stablecoin products. But Democrats also have wanted more work on the ethics side of the bill. A bill banning government officials from promoting and making money was circulating among lawmakers in July though some lawmakers said it still fell short. JUST IN: Senator Angela Alsobrooks on the Clarity Act vote getting delayed: "We’ve worked for over a year on a bipartisan basis…We will continue our work — getting the Clarity Act right remains our goal." pic.twitter.com/3Hsn0282FU — Bitcoin Magazine (@BitcoinMagazine) August 7, 2026 Lummis last week said she was genuinely “struggling to understand” what else Democrats wanted for the bill. Some suggested they may have been playing politics ahead of the midterms. A number of Democrats have criticized the way the Trump family has profited from digital asset ventures, such as the President’s memecoin, $TRUMP, and World Liberty Financial project. Trump and the White House have always denied any conflicts of interest, and the President has also highlighted that Democrats have cashed in trading stocks. This post Senators Cynthia Lummis and Angela Alsobrooks Say Bipartisan Work on Clarity Act Continues Despite Delays first appeared on Bitcoin Magazine and is written by Mathew Di Salvo. Переглянути повний текст

Bitcoin Magazine Coldcard Bitcoin Hack: Victims Report Median Loss of 1 BTC as Theft Tops $111 Million New analysis of Bitcoin theft reports reveals that stolen funds overwhelmingly came from long-dormant wallets, with victims reporting a median loss of over one coin. Data posted on X from Galaxy Research’s Alex Thorn looked at 250 victim reports and found the typical stolen coin had sat untouched for 3.5 years, and a striking 88% of pilfered funds were at least a year old. By address, losses ranged from a median of 0.014 Bitcoin to a mean of 0.212 Bitcoin, while individual victims reported a median loss of 1.022 Bitcoin and an average of 4.04 Bitcoin — with one unlucky holder losing as much as 58.97 coins. Hackers started by taking over $35 million in Bitcoin from wallets last week Thursday. Coinkite, which makes Coldcard, said that a firmware bug in Coldcard Mk3 devices — starting with version 4.0.1 in March 2021 — caused seed generation to fall back to a weak software Pseudorandom Number Generator instead of the hardware true random number generator, allowing hackers to essentially guess investor seedphrases. The theft continued throughout the weekend while Coinkite and other Bitcoiners urged Coldcard users to immediately move their funds. Galaxy Research said Friday that a total of $111 million has been confirmed stolen but the number could be much higher as it continues its research. “We have many more coins we are vetting for confirmation — we think total losses likely exceed $130 million,” the firm wrote on X. Since the attack, cautious investors have been moving their coins to other storage solutions — including exchanges. Coinkite said in a statement this week that the bug in its software “silently went unnoticed” and “its potential impact grew with every release” of its products. Days after the first hack, the company urged investors to update their software or move their funds off the popular hardware wallet. This post Coldcard Bitcoin Hack: Victims Report Median Loss of 1 BTC as Theft Tops $111 Million first appeared on Bitcoin Magazine and is written by Mathew Di Salvo. Переглянути повний текст

Bitcoin Magazine Bitcoin Shrugs off Coldcard Hack and Clarity Act Delays, Price Chops Higher as Investors Buy ETFs Bitcoin was trading higher on Friday — despite negative news circulating regarding the Clarity Act delay and a massive exploit of the popular Coldcard wallets. The biggest cryptocurrency was trading above $65,170 today, up nearly 4% over the past week, despite significant headwinds against the asset. JUST IN: $65,177 Bitcoin! pic.twitter.com/ZZzVloKXjM — Bitcoin Magazine (@BitcoinMagazine) August 7, 2026 Little over a week ago, hackers started stealing millions in Bitcoin from Coldcard wallets after discovering a vulnerability in the product’s software. Some estimates put the amount of Bitcoin lost now at over $130 million. The incident has rattled the BTC community that typically praises cold storage solutions. And news dropped late Thursday night that the crypto market structure bill would be delayed until September as lawmakers break for recess. The bill, if approved, would set in stone digital asset regulation in the U.S. and would be bullish for the biggest cryptocurrency. Still, Bitcoin made gains as investors carried on buying shares of the exchange-traded funds: BlackRock’s iShares Bitcoin Trust, and Morgan Stanley’s fund have both seen significant inflows this week, according to data from Farside Investors. Bitcoin’s price has typically done well when investors have thrown cash at the products, managed by Fidelity, Grayscale, and other top asset managers. Since the beginning of this week, $763.6 million in fresh cash has hit the funds. Bloomberg Intelligence’s senior ETF analyst, Eric Balchunas, said the flows might not be related to the Coldcard hack, but it would make sense for investors to rotate into the highly successful products. A firmware flaw in the popular Coldcard hardware wallets, built by Canadian company Coinkite, has allowed an attacker to guess weak private keys. Millions of dollars in Bitcoin has been drained on a daily basis since the attack, and cautious investors have been moving their coins to other storage solutions — including exchanges. This post Bitcoin Shrugs off Coldcard Hack and Clarity Act Delays, Price Chops Higher as Investors Buy ETFs first appeared on Bitcoin Magazine and is written by Mathew Di Salvo. Переглянути повний текст

Bitcoin Magazine Bitcoin ETFs Add Nearly $800 Million in the Wake of Coldcard Exploit One of the biggest Bitcoin security stories of the year unfolded last week as a firmware exploit affecting certain Coldcard hardware wallets renewed industry debate around self-custody and operational security. At the same time, another story was developing in the background. Over the same seven trading days, U.S. spot Bitcoin ETFs attracted $790.6 million in net inflows, according to the Bitcoin For Corporations ETF Dashboard. More than $1.0 billion entered the funds while $212.7 million exited, resulting in one of the strongest weekly periods in recent months. The two developments are not necessarily related. ETF flow data cannot tell us why investors bought Bitcoin. What it does tell us is what they actually did. And during a week dominated by security headlines, institutional capital continued flowing into regulated Bitcoin investment products. One Red Day Didn’t Change the Trend The seven-day flow chart tells a simple story. There was one notable setback. On July 31, U.S. spot Bitcoin ETFs recorded $212.7 million in net outflows, the only negative session during the period. After that, buyers returned almost immediately. The next four trading sessions posted consecutive gains: Aug. 3: +$170.1M Aug. 4: +$207.8M Aug. 5: +$241.6M Aug. 6: +$99.4M By the end of the week, the positive days had more than offset the lone selloff. Instead of focusing on individual trading sessions, the seven-day view shows where capital ultimately moved—and during this period, it moved into Bitcoin. BlackRock Continued to Lead the Way As has been the case for much of the ETF era, BlackRock’s IBIT accounted for the majority of inflows. Over the seven-day period: IBIT attracted $757.5 million in rolling net inflows. It extended its streak to four consecutive inflow days. On the latest trading day alone, it added $128.3 million. Other issuers also participated. Fidelity’s FBTC added $11.2 million on the latest session, while Bitwise’s BITB added $1.7 million. A handful of funds experienced modest outflows, but none came close to offsetting IBIT’s continued strength. The result was a week where inflows remained broad enough to keep total ETF demand firmly positive. What ETF Flows Can and Can’t Tell Us ETF flows are one of the clearest windows into institutional participation in Bitcoin. They show where money moved. They do not explain investor motivation. It’s impossible to conclude from one week’s data whether buyers viewed the Coldcard exploit as insignificant, saw it as an opportunity to buy, or simply continued executing long-term allocation strategies that were already in motion. What can be observed is that institutional demand remained resilient during a week when Bitcoin security dominated industry headlines. A security incident involving one custody solution is different from the broader investment case for Bitcoin, and ETF investors appeared comfortable continuing to allocate capital through regulated products. Why This Matters Bitcoin is no longer accessed through a single path. Some investors choose self-custody. Others hold Bitcoin through public companies. Many institutions access Bitcoin through regulated ETFs. Each approach comes with its own tradeoffs, operational considerations, and risk profile. Events like the Coldcard exploit naturally increase attention on custody practices. At the same time, ETF flow data provides a useful lens into whether institutional demand is changing beneath the headlines. This week, the numbers suggest demand remained intact. Follow Institutional Bitcoin Demand in Real Time Daily ETF flows have become one of the most important indicators of institutional participation in Bitcoin. The spot Bitcoin ETF Dashboard tracks: Daily net inflows and outflows Rolling 7-day momentum Issuer-by-issuer rankings Estimated Bitcoin held by U.S. spot ETFs Market share and concentration trends Historical flow data across every issuer Whether you’re monitoring institutional adoption, evaluating market structure, or simply trying to separate headlines from capital flows, the dashboard provides a real-time view of where money is moving. Explore the live Bitcoin ETF Dashboard: https://bitcoinforcorporations.com/bitcoin-etf-dashboard/ As new flow data is published each trading day, the dashboard updates to help investors and corporate decision-makers track one of the market’s clearest signals of institutional Bitcoin demand. Disclaimer: This content was prepared on behalf of Bitcoin For Corporations for informational purposes only. It reflects the author’s own analysis and opinion and should not be relied upon as investment advice. Nothing in this article constitutes an offer, invitation, or solicitation to purchase, sell, or subscribe for any security or financial product. This post Bitcoin ETFs Add Nearly $800 Million in the Wake of Coldcard Exploit first appeared on Bitcoin Magazine and is written by Nick Ward. Переглянути повний текст

Bitcoin Magazine Crucial Vote On Crypto Clarity Act Delayed Until September, Trump Says More People Are Paying in Bitcoin: Reports A vote on the long-awaited Clarity Act will be delayed until September as lawmakers go on recess today. As first reported by POLITICO, citing comments from Majority Leader John Thune, the vote on the landmark bill will now have to wait until lawmakers return from August recess. Bipartisan work has gone into the Clarity Act, which was passed by the House of Representatives last year, but some Republicans have accused Democrats of stalling the bill. BREAKING: President Donald Trump says “I see it more and more where people are paying with Bitcoin, they don’t even know about cash anymore.” “Crypto’s a big deal.” pic.twitter.com/Y7ZFifz6zL — Bitcoin Magazine (@BitcoinMagazine) August 7, 2026 “The Dems insisted on no Clarity vote,” Thune was quoted telling reporters Thursday evening. “We’re getting that queued up first thing [when] we come back in September.” The Clarity Act started small but its text was beefed up over the past year — mainly because of Democrats, according to some lawmakers like Senator Cynthia Lummis. While stuck in a deadlock for a lot of 2026 due to banking lobby chiefs locking horns with crypto exchanges over concerns about stablecoin yield, Democrats also wanted more work on the ethics side of the bill. President Donald Trump campaigned on a ticket to help the crypto space but some Washington lawmakers have criticized the way the Trump family has profited from digital asset ventures, such as the President’s memecoin, $TRUMP, and World Liberty Financial project. Trump and the White House have always denied any conflicts of interest. Speaking in an interview with Punchbowl News Friday about the Clarity Act and ethics, President Trump pointed out the Democrats have also made money from stock trading. “They want a bill, and in the bill they want me to be different to everyone else,” he said. He added that getting the bill over the line was important because the U.S. should take the lead over China when it comes to crypto and AI. He continued: “You see people paying with Bitcoin and they don’t even know about cash anymore.” The latest draft of the Clarity Act contains language — drafted by Democrats and Republicans — banning government officials from promoting or making money from crypto. It started circulating in July. Still, Democrats like Senator Elizabeth Warren, who has from the beginning criticized the Clarity Act, have claimed that new legislation will benefit the president and his family. Major financial institutions — not just crypto companies — have backed the bill, including Goldman Sachs and Fidelity, as well as law enforcement groups. This post Crucial Vote On Crypto Clarity Act Delayed Until September, Trump Says More People Are Paying in Bitcoin: Reports first appeared on Bitcoin Magazine and is written by Mathew Di Salvo. Переглянути повний текст

Bitcoin Magazine Bitcoin’s BIP110 Moment: Three Possible Scenarios Author’s note: In my view BIP110 is both useless and harmful, and I do expect it to fail (see scenario 1). Despite this I tried to write this article as factually as I could, entertaining different possible scenarios, as I do hope it may provide some clarity on this soft fork attempt. The OP_RETURN debate has escalated to the point where Bitcoin Knots implemented BIP110: a consensus protocol change that temporarily limits the size of OP_RETURNs and intends to reduce other types of data on Bitcoin’s blockchain as well. However BIP110 does not have consensus: not everyone agrees there’s a problem that requires solving in the first place, nor that BIP110 solves it in any meaningful manner, while it restricts Bitcoin in potentially harmful ways. Most obviously, Bitcoin Core — still by far the most-used Bitcoin implementation — has not adopted BIP110, while only some 1-2% of hash power has been signaling support for it in recent weeks. Nevertheless, BIP110-nodes like Bitcoin Knots will soon — starting from block 961,632, to be mined on or around August 8 — reject blocks that don’t signal support for the upgrade. Here are the three main scenarios for how that could play out. Scenario 1: (almost) no miners signal If current miner signaling is any indication, this is the scenario to expect. From the perspective of anyone running Bitcoin Core or other non-BIP110 enforcing nodes and wallets (the vast majority of the Bitcoin ecosystem) blocks will be mined as usual, and transactions will be processed like normal too. Anyone who’s not actively tracking these events on social media or elsewhere may not even be aware that anything unusual is going on, and in a practical sense for them there really won’t be; BIP110 does not affect them. The same is not true for anyone running Bitcoin Knots or other BIP110-enforcing nodes, however. Since their software will reject non-signaling blocks, they basically wouldn’t see any new blocks at all (or perhaps a few per week), and incoming and outgoing transactions won’t confirm (or incredibly slow). In practical terms, these nodes would stall and become unusable. If this happens, BIP110 proponents will have to decide between waiting to see if things improve for them (see scenario 3), giving up (switching back to non-BIP110 software), or deploying a next protocol change, like hard forking to a different proof-of-work mining algorithm. Such a hard fork would possibly allow for mining with GPUs again, therefore letting more people mine new blocks to generate a blockchain with the BIP110 rules enforced. However this would also mean that BIP110/hard fork nodes permanently split off from the rest of the Bitcoin ecosystem to essentially create a new cryptocurrency. (More on this below) Scenario 2: (almost) all miners signal This is the scenario several prominent BIP110 proponents predict. In this scenario, when the mandatory signaling window starts, all miners will suddenly signal for BIP110. Or at least, a majority of miners will signal AND reject any non-signaling blocks, so that all blocks that end up in the blockchain include a BIP110 signal. If this happens, all Bitcoin nodes (Knots and Core alike) remain compatible, and the signals in the blocks indicate that miners plan to start enforcing the BIP110 rules another two weeks later. BIP110-violating transactions should by early September no longer end up in blocks. In essence, this is the success scenario for BIP110; although only a small faction of developers, miners and users pushed for it, the upgrade goes into effect across the entire network. …However even in this scenario there is an important caveat. Blockchain signaling is a useful coordination mechanism for soft fork deployment, but it technically does not guarantee that the new rules will be enforced. Miners can signal support for the upgrade without actually using BIP110 software, which they for example could elect to do simply to ensure their blocks aren’t rejected by Bitcoin Knots nodes during the mandatory signaling window. Bitcoin’s protocol rules are ultimately enforced by economic nodes however, and nothing currently indicates that most of these will enforce the BIP110 rules even if all blocks include a signal. So if BIP110-violating transactions are later accepted by most miners regardless, these economic nodes would accept blocks that include them, while BIP110 nodes would not. The blockchain would split between nodes that do and do not enforce BIP110 after all. Scenario 3: a sizable minority of miners signal This is the scenario that would immediately split the chain. Currently some two percent of miners signal support for BIP110, which is probably too little to be meaningful (see scenario 1). But let’s imagine this quickly increases tenfold or so. We also have to imagine that this sizable minority itself rejects any non-signaling blocks— else it would still be indistinguishable from scenario 1 where BIP110 nodes stall (since they require ALL blocks to include a signal). If the sizable minority is both signaling and rejecting non-signaling blocks, they’d start to build their own minority blockchain with only signaling blocks in it. Blocks on this minority chain would confirm significantly slower than usual — maybe just one or two per hour — but BIP110 nodes remain reasonably usable. And after a few months the mining difficulty would adjust, so blocks are found (closer to) six times per hour again. Another couple of weeks later the BIP110 rules would go into effect. Meanwhile, Bitcoin Core and other non-BIP110 enforcing nodes would still operate fairly normally as well. Their blocks will confirm a little bit slower for a while — maybe about four or five per hour — but after a couple weeks mining difficulty adjusts here too, to also bring this back to six per hour on average. The BIP110 rules would never go into effect on this blockchain. As a result, a BIP110 blockchain and a blockchain with the original rules would then exist side by side as two different cryptocurrencies, indefinitely. There is one notable caveat to this scenario as well, however. If the BIP110 chain were to overtake the original chain in length later on (due to miners moving to the BIP110 chain), all nodes — Core and Knots alike — would accept the BIP110 chain as the only chain. The original chain would in this case be discarded, or wiped out. This one-sided wipe out risk is in fact why BIP110 proponents expect all miners to signal preemptively, preventing a split. Miners won’t want to mine on a blockchain that can later be discarded, they argue, as that would also mean losing all block rewards they earned on it. In actuality, users and miners that want to prevent that the original chain can get wiped out could do so however: they can manually invalidate any block on the minority BIP110 chain while it still is the minority chain. This way their nodes would reject switching to it even if it becomes longer at any point in the future, making the split permanent also. So what exactly happens if the chain permanently splits? If and when the Bitcoin blockchain permanently splits, it essentially marks the creation of a new cryptocurrency, or forkcoin. Everyone who owns BTC at the time of the split automatically receives the equivalent amount of coins on the new blockchain, not unlike what happened with Bitcoin and Bitcoin Cash in 2017. However in reality these things aren’t necessarily as straightforward, and if BIP110 does cause a chain split under any of the scenarios above there will likely be some complications. For one, there’ll almost certainly be disagreement over which side of the chain represents “Bitcoin” (“BTC”), and which side is the new forkcoin. It seems likely however that the blockchain with the original rules will by most people be considered “Bitcoin”, whereas the blockchain with the BIP110 rules will be called something else; we’ll call it “BIP110 coin” for now. Accessing the BIP110 coins then, will require BIP110-specific software like, indeed, Bitcoin Knots. The new coins won’t show up on Bitcoin Core nodes or most wallets. However, BIP110 does not currently include replay protection. This means that transactions on one chain can be copied (“replayed”) on the other chain. Instead of just sending BTC, users could unknowingly also send the equivalent BIP110 coin to an identical address on the BIP110 chain— or vice versa. It’s difficult to estimate at this point how much the forkcoins will be worth, or even if they will be worth anything at all. The lack of interest in buying BIP110 coins via fork future contracts does suggest there may not be much interest to buy them after a split either. But if you nevertheless want to be sure you’ll receive BIP110 coins if there are any, it’s probably best to self-custody your BTC (have access to your private keys), and don’t send any transactions until the dust settles and there is more clarity on how to proceed. Aaron van Wirdum is the former Editor-in-Chief of Bitcoin Magazine and author of The Genesis Book: The Story of the People and Projects That Inspired Bitcoin. Follow him on Nostr. This post Bitcoin’s BIP110 Moment: Three Possible Scenarios first appeared on Bitcoin Magazine and is written by Aaron van Wirdum. Переглянути повний текст

Bitcoin Magazine “We Need Clarity,” Says Former New York Governor Andrew Cuomo Ex-governor of New York and Democrat Andrew Cuomo has said lawmakers need to hurry up and get the “highly political” Clarity Act over the line. Cuomo, who is also the director of crypto exchange OKX, said that Democrats and Republicans were mainly locking horns over the ethics language in the bill. A number of lawmakers are hoping the Clarity Act — which would set in stone crypto regulation in the U.S. — gets passed before Congress departs for August recess. The bill was passed by the House of Representatives last year but sticking points remain. “We need clarity,” Cuomo said Thursday on CNBC’s Squawk Box. “Tell me the rules — I want to play the game fairly, but you have to tell me the boundaries, and that’s what the Clarity Act is all about.” JUST IN: Former Governor of New York Andrew Cuomo says he thinks the Senate will resolve the Clarity Act ethics issues and pass the bill "We need Clarity…the world is passing us by" Pass it pic.twitter.com/oW40FdqHFr — Bitcoin Magazine (@BitcoinMagazine) August 6, 2026 Cuomo added that Democrats wanted to “raise in the campaign” the issue of the Trump family making money in crypto — and so were continuing to bring up the issue of ethics. A new draft of the Clarity Act started circulating that tackled the issue of ethics, banning government officials from promoting or making money from crypto. Some Democrats have criticized President Trump’s crypto business interests, with some alleging conflicts of interest as his family has made money from meme coins and the decentralized finance protocol, World Liberty Financial. The White House has always said there have been no conflicts of interest. New language has been drafted, bipartisanly, adding changes to the ethics section of the bill. The White House is reportedly looking over it this week. Cuomo continued: “I think Democrats have to be a little careful because you want to talk about conflicts of interest, meanwhile you have Democrats who are buying stocks and they have inside information also.” He warned: “And again, the world is passing us by. OKX, we’re doing gangbusters in Europe, and they’re passing regulations, and the technology is flourishing.” “When you pass the regulations, and you allow innovation to develop, it takes off, and that’s what’s happening around the world, and it’s not happening here in the U.S. because of the Clarity Act,” he added. This post “We Need Clarity,” Says Former New York Governor Andrew Cuomo first appeared on Bitcoin Magazine and is written by Mathew Di Salvo. Переглянути повний текст

Bitcoin Magazine Breez Announces Glow, an Open Source Bitcoin to Stablecoins Progressive Web App Developed by Breez in partnership with Bitcoin Spark, the Glow app lets users send stablecoins from their Bitcoin balance, while empowering developers to build better user experiences without having to worry about the difficult parts of building on top of Bitcoin. Breez’s SDK takes care of asset exchange in the background while supporting lightning payments through its Spark integration. “Glow is a Bitcoin app for everyone,” said the company in a press release shared with Bitcoin Magazine. Users can access the app on both Apple and Android app stores. Glow re-invents the Bitcoin wallet experience, deviating from the seed phrase backup flow that many wallets attempt to introduce users to. Instead, Glow leverages the Passkey standard engineered and now encouraged by the Silicon Valley giants, which makes passwords and, in this case, pass phrases a thing of the past. Despite the change, Glow promises self-custody and cryptographic control over funds to its users, in an auditable software package. As an MIT-licensed, free and open source progressive web app (PWA), Glow is built so that developers can look under the hood, take it apart, and implement features as they see fit, leveraging the Breez API and SDK. Besides the Passkey login, Glow has full support for native Lightning payments, sending and receiving with customizable Lightning addresses that look like emails, such as BM@breez.tips. First deployed to a Bitcoiner user base, Glow can currently send USDT and USDC across most networks and blockchains through their partnership with Flashnet, drawing value from the user’s Bitcoin balance. Glow comes integrated with a couple of onramps from the start as well. Users can onboard to bitcoin instantly via Cash App and MoonPay which the SDK connects to via their API. Sats arrive in seconds. The app also has contacts integration, letting users save their friends’ lightning addresses as a contact, hiding away ugly public keys and lightning invoices and delivering a more familiar and mainstream payments app experience. Users can also avoid bitcoin’s volatility by swapping their BTC holdings to USD value at will and, according to the press release, they earn sats as they do. Glow’s stablecoin is USDB; the B stands for Bitcoin, a stablecoin issued by Brale Inc which is licensed as an MSB across over 45 states, and claims to be compliant with GENIUS Act standards: “Regulated & fully backed Issued by Brale, a U.S. regulated entity, and 100% backed by T-bills, cash, and cash equivalents”. There appears to be no way to verify Brale’s compliance with the GENIUS Act right now as the regulations are still being implemented and do not take effect until 2027. What is remarkable about USDB is that it is a Bitcoin native stablecoin, deployed through the Spark protocol, which is compatible with the Lightning Network, essentially unlocking the stablecoin across Bitcoin rails. USDB holders earn up to 6% APY delivered from Flashnet DEFI exchange’s profits, according to a Spark announcement earlier this year. Breez believes this combination of partnerships and technologies means that “Bitcoin has finally crossed a threshold.” The UX unlocked by Glow is now fully available to developers as a software development kit, something unimaginable by traditional finance. This post Breez Announces Glow, an Open Source Bitcoin to Stablecoins Progressive Web App first appeared on Bitcoin Magazine and is written by Juan Galt. Переглянути повний текст

Bitcoin Magazine Senate Whip Barrasso Becomes Latest Lawmaker to Support Crypto Clarity Act, But Time May Be Running Out Senate Majority Whip John Barrasso is the latest lawmaker to call for action on the crypto Clarity Act, though recent developments show work on the bill may be slowing. Speaking to the Senate Thursday, Barrasso reminded lawmakers that the U.S. passed the first major digital asset bill last year, the Genius Act, and the same bipartisan work was necessary for the Clarity Act. Lawmakers are rushing to get a vote on the Clarity Act before a five-week recess this week. Some Republicans have criticized Democrats for dragging their feet with the bill and deliberately being pernickety. JUST IN: Senate Majority Whip John Barrasso tells the Senate “its time for the Senate to build on [the GENIUS Act] by passing the Clarity Act.” "America is safer and stronger when we innovate" pic.twitter.com/LPG11vESle — Bitcoin Magazine (@BitcoinMagazine) August 6, 2026 “It’s time for the Senate to build on [the Genius Act] by passing the Clarity Act,” Barrosso said. Bipartisan work has gone into putting the bill together, and on Wednesday, Senator Thom Tillis reportedly said that the White House was reviewing the latest amendments to the bill. But on Thursday, Punchbowl News Senior Reporter Brendan Pendersen posted on X that Tillis had said he hadn’t yet heard back from the White House, despite optimism this week and Senate Majority Leader John Thune previously telling reporters that they were hoping for a vote before the break. Lawmakers have other proposed bills to vote on ahead of their recess and the Clarity Act seems to have been pushed back. The bill, which would set in stone digital asset regulation in the U.S., was passed last year by the House of Representatives. It has since become a much fatter text, according to Senator Cynthia Lummis, thanks to Democrats who wanted more added to the draft. Since July, a new text with changes regarding ethics has been circulating among lawmakers. It banned government officials and their families from issuing or promoting crypto — something Democrats had previously bemoaned. But it hasn’t been enough, according to some lawmakers, and a group of Democrats wrote a letter in July saying the bill fell short. Other than concerns around ethics, the Clarity Act has been in a deadlock this year after the banking lobby raised concerns over stablecoin yield paid by crypto companies to their customers, clashing with companies like Coinbase. Some Republicans are still sure a vote will pass this week, with Senate Banking Committeeman Tim Scott telling Fox Business that the Clarity Act is “something we should have, the first vote before we leave without any question.” Senator Lummis added on Wednesday that a vote would happen — and that lawmakers would stay a day or two extra later. This post Senate Whip Barrasso Becomes Latest Lawmaker to Support Crypto Clarity Act, But Time May Be Running Out first appeared on Bitcoin Magazine and is written by Mathew Di Salvo. Переглянути повний текст

Bitcoin Magazine The End of the Closed-Source Era Is at Hand: Obscurity Was Never Security Over the last few days, people who were trying to do everything right lost their Bitcoin. They bought a respected hardware signer, generated a seed offline using that device, and trusted the device to do the one thing a signer exists to do: produce a number no one else can guess. The Coldcard did not. A preprocessor guard that checked the wrong thing had quietly routed seed generation to a weak software PRNG (pseudorandom number generator), MicroPython’s Yasmarang, instead of the hardware entropy source. On some models the effective entropy collapsed to around 40 bits. The flaw shipped in March 2021 and sat in publicly readable firmware for more than five years. Attackers swept 500 addresses before anyone understood why; within days Galaxy Research’s tally reached 4,585 addresses and nearly $90 million; the attack is ongoing as of the date of this article. Coinkite’s working assumption, with wide agreement on X, is that someone used AI to comb the publicly available firmware to find the bug. Whether or not that’s how this attacker found it, the next one will. While an AI-assisted audit was run weeks before the theft, it found nothing (potentially due to the capabilities of the model, potentially due to the specific construction of the search). Since the attack started, researchers have shown several frontier models locating the same flaw in minutes from a single prompt. The code sat open to human review for five years and no human caught it. Coinkite had moved its firmware from a free-software license to source-available terms, MIT with a Commons Clause, after Foundation Devices used the code in a competing product. You could read the source but not build a business on it. It changed nothing. The bug lived in code a machine could read regardless of what the license permitted; it entered the tree, in fact, in the very rewrite that stripped out the last of the GPL code. The license change didn’t increase protection; it merely changed the economics of finding the bug. In the age of highly skilled AI, everything that is distributed is readable, or soon will be. Strip a binary of its symbols, run it through a decompiler, and out comes the pseudo-C that greets anyone who has opened Ghidra: nameless variables, flattened control flow, functions labeled FUN_00401a20. Unreadable to most people. That high barrier to human understanding was the entire security premium of “closed source.” A compiled program has no choice but to tell the truth. Code that stays encrypted cannot run. At the moment of execution the processor must receive the actual instructions, so whatever the program does, it hands the machine a complete and exact account of how to do it. The information is all there in the machine code. Obfuscation does not, and cannot, remove it. If reading a binary sounds too hard for a machine to master soon, weigh it against what machines are already doing to problems far harder. Reading a binary is analysis: every fact you need is in front of you, and the work is extraction. Mathematical invention is another order of difficulty, because it demands an object no one has ever seen. At 02:19 UTC on July 20th, Levent Alpöge, a mathematician working with Anthropic’s Claude Fable 5, posted a counterexample to Keller’s Jacobian conjecture, a problem open since 1939 and hard enough to sit on Stephen Smale’s list of challenges for the twenty-first century. Generations had tried it. The disproof is three polynomials in three variables. Lean verified it within hours, and it is short enough for anyone to confirm in a computer-algebra system in about a minute. The Jacobian fell in an afternoon, while the questioner was apparently watching the final match of the FIFA World Cup. In May an OpenAI model toppled the Erdős unit-distance conjecture, a question open since 1946; in late July a 30-year-old graph-theory conjecture fell to four prompts; between them came the Jacobian disproof and a run of other results that had stood for decades. Set that pace beside the modest task of reading machine code already sitting out there on the Internet. Today’s models handle source and decompiler output better than raw bytes, so a fully closed binary keeps a thin margin. That margin is a cost speedbump, and it is eroding at the speed you are watching everywhere else. Betting security on how long it lasts means betting against a clock that is only speeding up. The same capability that finds your entropy bug reads your proprietary method. This is the quieter casualty, and it impacts companies that never thought of themselves as exposed to open-source anything. Trade secrecy in shipped software was always just obscurity in a suit. The law has said so for as long as trade-secret law has existed: reverse engineering a product you lawfully possess is fair play, and therefore a secret survives only while that reverse engineering stays expensive. When the cost of extraction falls to a subscription and a prompt, the secret embodied in the code you hand your customers stops being one. Your clever algorithm, your undocumented format, your edge in the binary: legible to anyone who cares to look, on a timeline increasingly measured in minutes. None of this necessarily makes open source safe. Heartbleed hid in the most widely deployed TLS library on earth for two years, because visibility without funded attention finds nothing. The xz backdoor showed that the open contribution model is itself an attack surface, one a patient adversary can walk through with a friendly face and two years of good commits. While openness once was a shield, it is no longer. What it does buy is reviewers who are permitted to look, builds which can be independently reproduced and verified, an exit when a vendor dies or turns, and acknowledgment that this all will happen whether you like it or not. Now we must assume every line shipped will be read by someone who wishes harm, because it will be. The defender holds one structural advantage the attacker never will: time. You can turn the same frontier models on your own code before release, in the space between commit and ship, while the attacker waits for a binary that does not yet exist. Make your builds reproducible, so it ties back to the source and the source can be checked. Design to fail closed, and keep the trusted core small enough that one bug cannot take everything. For the specific business of holding Bitcoin, learn the lesson Coldcard is teaching in real time: own the entropy you cannot afford to have guessed, keep the secure element minimal and behind a published interface, and spread your keys across independent implementations, so that no single device, and no single vendor’s mistake, is the whole of your exposure. For Bitcoin the stakes are unforgiving in a way they are not elsewhere, since mere knowledge of the private keys grants possession. The entropy bug has left permanent scars. Patching the generator does nothing for the seeds it already produced; a weak keyspace stays sweepable forever, and disclosure hands the attacker the recipe. We have watched this before. The Milk Sad vulnerability in the libbitcoin explorer tool, bx, seeded private keys from a 32-bit value, and attackers were draining the wallets it produced before the flaw was ever made public. Attackers keep their own schedule, invited or not. For money that cannot be clawed back, “findable eventually” is a synonym for “gone eventually.” Bitcoin never trusted obscurity. The protocol is open, its rules checkable by anyone, its security resting not on secrets but on mathematics and incentives that hold in full view. The hardware and software we build around it deserve the same standard, because the alternative is no longer on the table. The choice was never open or closed. It was disciplined or exposed. The broader lesson of this Coldcard situation is that having closed source software is like having a seed generated by a broken Coldcard; it looks good but it’s fundamentally built on sand. Everyone can read the code — the only question left is whether you acknowledge that fact, or you and your users learn it the way Coldcard’s users did, one drained address at a time. This is a guest post by Colin Crossman, who is a content producer at Fedi. Opinions expressed are entirely their own and do not necessarily reflect those of BTC Inc or Bitcoin Magazine. This post The End of the Closed-Source Era Is at Hand: Obscurity Was Never Security first appeared on Bitcoin Magazine and is written by Colin Crossman. Переглянути повний текст

Bitcoin Magazine Breez Drops New Bitcoin App Which Doubles As Wallet and Developer Toolkit Bitcoin software provider Breez has released a new app it says will serve both everyday users and developers. The product, dubbed Glow, is supposed to be an easy way to make Lightning transactions easier for everyday users, while also doubling as an open-source blueprint — a way to see exactly how easy it is to implement Bitcoin features using the SDK’s API — for builders. Breez claims the app will help developers exploring Bitcoin see what’s possible by packaging in the features that are essential for any Bitcoin app to compete in its category. Being open-source, developers can open up Glow’s codebase and see exactly how each of those features — such as passkey login, Lightning addresses or stablecoin transfers — work and use them for their own app, rather than building it from scratch. For example, a developer building a social app doesn’t need to figure out how Lightning address or contacts should work — they can look at Glow’s code, see the API calls it makes, and replicate that in their own product with minimal effort. Developers can fork Glow, rebrand it, and ship it as their own, according to Breez. Because developers building on the SDK never take custody of user funds, Breez notes the regulatory footprint stays minimal — letting teams focus on product rather than compliance overhead. The Glow app release comes after Breez announced it was working with Turnkey last month, a deal letting developers add non-custodial Bitcoin to apps running wallets from their own servers — solving a custody problem that has kept many of the largest consumer platforms from integrating Bitcoin at all. According to the companies, keys now stay out of reach of the app’s servers, Breez, and Turnkey. The company’s backend holds a credential that defines what actions it can take, while authority to move funds rests with the user. The deal positions some of the world’s largest consumer apps to add non-custodial Bitcoin without rebuilding their backend architecture or taking custody of user funds. This post Breez Drops New Bitcoin App Which Doubles As Wallet and Developer Toolkit first appeared on Bitcoin Magazine and is written by Mathew Di Salvo. Переглянути повний текст

Bitcoin Magazine Bitcoin ETF Inflows Surge Following $130M Coldcard Hack Investors are throwing cash at spot Bitcoin exchange-traded funds following the massive Coldcard hack. Major U.S. funds managed by BlackRock, Fidelity, Grayscale, Morgan Stanley and others have received a total of $626 million in fresh cash following news of the hack on Friday, according to data from Farside Investors. Hackers last week started millions in Bitcoin from Coldcard wallets after discovering a vulnerability in the product’s software. Some estimates put the amount of Bitcoin lost now at over $130 million. Writing on X Thursday, Bloomberg Intelligence’s senior ETF analyst, Eric Balchunas, said the flows might not be related to the hack, but investors would be making a good move to allow fund managers to look after their Bitcoin. “Who are you gonna trust to not screw up the security of your Bitcoin (or get it back if some scumbag does mess with it): a 5-man boutique in Canada or this guy and his 25,000-employee, $15T by-the-book empire?” wrote Balchunas, posting a picture of BlackRock CEO Larry Fink’s face, and criticizing Coldcard’s parent company Coinkite’s small team. who are you gonna trust to not screw up the security of your bitcoin (or get it back if some scumbag does mess with it): a 5-man boutique in Canada or this guy and his 25,000-employee, $15T by-the-book empire? TradFi doesn't seem so lame now after all does it? pic.twitter.com/EHTVeQVcAm — Eric Balchunas (@EricBalchunas) August 6, 2026 He added: “TradFi doesn’t seem so lame now after all does it?” BlackRock’s iShares Bitcoin Trust (IBIT) has received most of the new investment from the ETF investors. The Wall Street titan’s ETF was approved by the U.S. Securities and Exchange Commission in 2024 and had the most successful launch in the history of ETFs. Investors previously put off from buying Bitcoin due to the complexities of cold storage and private keys can now buy shares that trade on stock exchanges that track the price of Bitcoin. The ETFs — managed by other top Wall Street fund managers — currently manage a total of $77.8 billion in assets, according to Coinglass data. A firmware flaw in the popular Coldcard hardware wallets — tracing back to a 2021 build issue that skipped the device’s dedicated randomness chip — let an attacker guess weak private keys. Millions of dollars in Bitcoin has been drained on a daily basis since the attack, and cautious investors have been moving their coins to other storage solutions — including exchanges. This post Bitcoin ETF Inflows Surge Following $130M Coldcard Hack first appeared on Bitcoin Magazine and is written by Mathew Di Salvo. Переглянути повний текст

Bitcoin Magazine Circuit, DaLand Give Credit Unions a Direct Path to Bitcoin Credit unions now have a production-ready path to offer Bitcoin and other digital asset services without relying on outside platforms after DaLand CUSO and Circuit, an 80-member credit union collaborative, announced that Circuit’s Digital Asset Initiative has moved into implementation. The program grants participating institutions access to DaLand’s CODE Engine and Coin2Core technology, which integrates digital asset capabilities directly into core banking systems from Corelation KeyStone, Fiserv DNA, and Jack Henry Symitar. Under what DaLand calls a “Hybrid Custody” model, credit unions retain custody, member relationships, and data rather than routing customers to third-party crypto platforms. Three credit unions are already live on the platform: St. Cloud Financial Credit Union, which issued its own stablecoin, $CLDUSD; Canvas Credit Union, a $5 billion institution that became a DaLand owner after deployment; and Blaze Credit Union, which also invested as an owner. Together, DaLand says its production footprint now covers credit unions representing more than $10 billion in combined assets. The announcement comes as the passage of the GENIUS Act and other federal digital-asset legislation push financial institutions to formalize their crypto strategies. Executives framed the move as a shift from studying digital assets to actually deploying them. “We weren’t looking for another concept to study,” said Canvas CIO David Pierce, adding that the credit union wanted infrastructure it could own rather than rent. Blaze’s Justin Burleson, a former NCUA official, said his institution wanted digital asset activity to stay visible to “examiners, boards, and members,” rather than sit with an outside vendor. Circuit, which spent the past year building educational programming around digital assets, said Phase 2 marks a shift toward hands-on evaluation. “Innovation moves faster when credit unions share what they’re learning,” said Circuit’s Chief Strategy Officer Ethan Cunningham. Credit unions interested in joining can contact either organization directly. This post Circuit, DaLand Give Credit Unions a Direct Path to Bitcoin first appeared on Bitcoin Magazine and is written by Mathew Di Salvo. Переглянути повний текст