Bitcoin

Bitcoin Magazine Legendary Investor Ray Dalio Still Holds Bitcoin — But Only 1% of His Portfolio Legendary investor Ray Dalio still only holds 1% of his portfolio in Bitcoin — and prefers gold instead. Speaking on a Thursday episode of the Diary of a CEO podcast, the Bridgewater Associates founder explained that while there are different types of money, and Bitcoin was one of them, gold was a better investment. Dalio has gone from saying he wouldn’t invest in Bitcoin over the years to finally admitting it was in his portfolio. “[Bitcoin] is a type of money that can’t be printed, but there are technologies that can hurt it — in other words, if there’s quantum computing,” he said. “And it can be monitored by governments and so on, and it could be taxed. And digital currencies are somewhat similar.” Dalio added that Bitcoin only makes up 1% of his portfolio. “I prefer that — I’m pointing to the gold bars here — rather than the Bitcoin,” he added on the show. Last year, Dalio also admitted that Bitcoin only made up 1% of his investments. This isn’t the first time Dalio has criticized Bitcoin and praised gold: Back in 2020, the billionaire investor said that the cryptocurrency was too volatile to use as money but said everyone should have some gold in their portfolio. Dalio continued that governments could crack down on Bitcoin. “When the governments say I don’t want it, they have the power, therefore, to do whatever they want with it, and central banks will not own any significant amount of that because of the reason I said: they want their transactions to be private and in their control.” While Dalio still takes a cautious approach to Bitcoin buying, over the years, the asset has become more widely accepted among traditional investors and even Wall Street heavyweights — including BlackRock, the world’s largest asset manager. BlackRock CEO Larry Fink in recent years has called Bitcoin an “international asset” and a way of “digitizing gold.” This post Legendary Investor Ray Dalio Still Holds Bitcoin — But Only 1% of His Portfolio first appeared on Bitcoin Magazine and is written by Mathew Di Salvo. Переглянути повний текст

Bitcoin Magazine Treasury Secretary Scott Bessent Urges Lawmakers to Vote on Clarity Act, Quotes Satoshi Nakamoto U.S. Treasury Secretary Scott Bessent on Thursday became the latest major figure to support the crypto Clarity Act — and quoted Satoshi Nakamoto while doing it. Writing on X, the politician urged the Senate “vote NOW on this landmark legislation,” and blasted Democrats — focusing on Elizabeth Warren — for holding back the bill. Lawmakers are hoping the Clarity Act gets passed before Congress departs for August recess. While the bill has been drafted bipartisanly, some Democrats are unhappy with the current version. JUST IN: Treasury Secretary Scott Bessent says Senate Democrats are stalling the Clarity Act: “The Senate needs to vote NOW on this landmark legislation.” "I believe Satoshi once said it best: If you don’t believe me or don’t get it, I don’t have time to try to convince you,… pic.twitter.com/9gQh45N31h — Bitcoin Magazine (@BitcoinMagazine) July 30, 2026 “The truth is that Senate Democrats are afraid to advance the Clarity Act as they fear Senator Warren and the ‘Anti-Crypto Army’ she once promised to build,” wrote Bessent. He added: “Will Senate Democrats be on the side of American Exceptionalism, or will they opt to cede American leadership of a global industry for fear of the bespectacled squirrel’s Left flank?” “America will lead or America won’t. It’s not more complicated than that. I believe Satoshi once said it best: ‘If you don’t believe me or don’t get it, I don’t have time to try to convince you, sorry.'” Democrat Senator Warren has long criticized the crypto industry. Her attacks on the space have become fiercer following President Donald Trump’s support for all things crypto. Lawmakers are currently mulling over a new draft of the Clarity Act. A number of major nonprofits and financial institutions have backed the bill, which includes amendments addressing ethics, but some Democrats are still unhappy with how it is worded. Warren last week blasted the bill, claiming it would “make it easier for criminals to move money” and that “it does not stop Donald Trump from cashing in on his presidency.” President Trump campaigned on a ticket to help the crypto industry and received major backing from digital asset entrepreneurs. But some Washington lawmakers have criticized the way the Trump family has profited from digital asset ventures, such as the Republican’s meme coin, TRUMP, and World Liberty Financial project. Trump and the White House have always denied any conflicts of interest. US banking representatives, regulators and crypto bigwigs have been meeting at the White House to work on the Clarity Act since last year. If approved, it would set in stone crypto regulation in the world’s largest economy. This post Treasury Secretary Scott Bessent Urges Lawmakers to Vote on Clarity Act, Quotes Satoshi Nakamoto first appeared on Bitcoin Magazine and is written by Mathew Di Salvo. Переглянути повний текст

Bitcoin Magazine Professional Law Enforcement Group Backs Crypto’s CLARITY Act, Adding Pressure Before August Recess More support has been thrown behind the Clarity Act as lawmakers rush to get the long-awaited bill over the line. This time from the Major Cities Chiefs Association. The nonprofit — made up of police chiefs from major U.S. cities — said Thursday that it was happy with how the bill addresses financial crime. Lawmakers are hoping the Clarity Act gets passed before Congress departs for August recess. While the bill has been drafted bipartisanly, some Democrats are unhappy with the current version. JUST IN: Pro organization of police executives representing the largest cities in the U.S. now officially endorse the passage of the Clarity Act: pic.twitter.com/r6YnaTrrW5 — Bitcoin Magazine (@BitcoinMagazine) July 30, 2026 “The most recent changes to the legislation have earned MCCA’s support,” a letter from the organization, first posted on X by Semafor White House reporter Eleanor Mueller, reads. “Critically, the bill now includes a new title with additional law enforcement provisions,” it continued, adding that the latest update “represents a meaningful step toward improving the ability of law enforcement to investigate financial crimes involving digital assets.” Last week, The National Fraternal Order of Police said it supported the bill. And Democratic Senator Catherine Cortez Masto this week sent some suggested changes to the bill, along with two law enforcement groups, that she said they felt “good” about. Major financial institutions, lawmakers and companies have said they support the latest draft of the new bill, but a group of Democrats last week said in a statement that the legislation in its current form falls short. Despite being passed in the house of representatives last year with strong bipartisan support, the Clarity Act has been in a deadlock for much of 2026. The banking lobby raised concerns over stablecoin yield and some lawmakers have said improvements need to be made surrounding ethics. An updated bill of the Clarity Act was introduced last week that addressed some of these concerns — banning government officials and their families from issuing or promoting crypto. Democrats — and some Republicans — 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. Republicans are hoping to gain bipartisan support for the bill this week to advance the legislation. The long-awaited bill aims to create a regulatory framework for the cryptocurrency market in the U.S. This post Professional Law Enforcement Group Backs Crypto’s CLARITY Act, Adding Pressure Before August Recess first appeared on Bitcoin Magazine and is written by Mathew Di Salvo. Переглянути повний текст

Bitcoin Magazine NYSE-Listed AI Company Taps Lightning Network to Pay Employees In Bitcoin Publicly traded AI operating system Vida Global (NYSE American: VIDA) has said it has started paying employees in Bitcoin using the Lightning network — but in a way where the company does not have the leading crypto on its balance sheet. The Austin, Texas-based company said Thursday that after a worker in Argentina asked to be paid in Bitcoin, the firm tapped Bitcoin infrastructure company Voltage to make the transaction. But the company is not keeping Bitcoin on its books: it simply sends the cash amount via Voltage’s platform, the employees receive payment in Bitcoin, and Vida’s balance sheet remains in dollars. “Vida has a global team, including team members in Argentina who prefer to be paid in Bitcoin because of challenges with their local currency,” Vida CEO Lyle Pratt said. “Voltage facilitates the Bitcoin payments, and we settle the balance in U.S. dollars at the end of the month, just like a standard vendor invoice. It has made offering Bitcoin payments remarkably simple for both our team and our finance operations.” Pratt added the setup meets employee needs without adding crypto complexity to accounting. Voltage CEO Graham Krizek said it was solving a mismatch between “global by default” AI companies and payment rails that haven’t kept up. “Their team members get paid in seconds in the money they actually want, and their finance team never touches crypto,” he said. “When a public company runs part of its team compensation on Bitcoin rails and the books stay boring, that’s the point.” Lightning is another network that skirts transactions around the main chain, cutting costs and increasing speed — originally designed so people could use Bitcoin for daily purchases. Bitcoin maxis like Twitter co-founder Jack Dorsey have since integrated the network into their businesses, payments platform, Cash App and his PoS terminals, Square. This post NYSE-Listed AI Company Taps Lightning Network to Pay Employees In Bitcoin first appeared on Bitcoin Magazine and is written by Mathew Di Salvo. Переглянути повний текст

Bitcoin Magazine Spanish Bank Banco Santander Reveals $4.3M Bitcoin Investment Spain’s largest bank, Banco Santander, has revealed a $4.3 million investment in Bitcoin. According to a Securities and Exchange Commission filing, the Madrid-based bank bought the exposure via BlackRock’s iShares Bitcoin Trust — a total of 129,615 shares. The filing is the latest example of a traditional institution seeking exposure to the biggest cryptocurrency by market cap. JUST IN: Spain's largest bank, Banco Santander, reports owning $4.3 million in spot Bitcoin ETFs pic.twitter.com/HfbuaTc3Fh — Bitcoin Magazine (@BitcoinMagazine) July 30, 2026 Over the past year, Santander’s digital bank, Openbank, has allowed customers to buy Bitcoin and other cryptocurrencies and began a more friendly approach to marketing digital assets to customers. BlackRock’s Bitcoin Trust (IBIT) allows investors to buy exposure to Bitcoin without having to own and store the digital coin directly. The shares trade on a stock exchange and can be bought quickly and easily via a brokerage account. BlackRock’s IBIT is the most successful crypto ETF: The fund has received more inflows than any other crypto ETF, currently holding $46.9 billion in assets under management, according to its website. Other major institutions have bought exposure to Bitcoin via the ETFs after their 2024 approval. A large number of investors were previously put off by having to deal with things like storage and private keys but once the SEC approved a slew of ETFs in 2024, new capital entered the space. The crypto ETF market is already a crowded one, with popular products by top asset managers BlackRock, Fidelity, and bank Morgan Stanley already on the market. U.S. Bitcoin funds currently manage over $83 billion in assets, according to CoinGlass data. This post Spanish Bank Banco Santander Reveals $4.3M Bitcoin Investment first appeared on Bitcoin Magazine and is written by Mathew Di Salvo. Переглянути повний текст

Bitcoin Magazine Bitchat Mesh App Defies India Cybercrime Notice After Protesters Use It During Network Restrictions Bitchat, Jack Dorsey’s censorship-resistant, Bluetooth-enabled messaging app, has gone viral again, this time due to the Indian Government trying to get it banned from GitHub. In this latest round of authoritarian measures versus decentralized technologies, Bitchat has won. In July 2025, Jack Dorsey announced a new messaging application he described as a weekend project. The app, called Bitchat, was designed to work without internet access, phone numbers, user accounts, or central servers. It relied instead on Bluetooth mesh networks for local communication and the Nostr protocol for wider reach. A year later, that same application became the subject of a formal takedown request from India’s cybercrime authorities during a period of student protests. The episode offers a clear illustration of how cypherpunk ideas—building systems that function without permission from intermediaries—continue to shape tools used in moments of political tension. Calle, one of the main developers behind the Android version of the app, took the statements from the Indian government as a positive review of Bitchat’s effectiveness, tweeting: “India forces GitHub to take down Bitchat ‘Bitchat enables anonymous communication without mandatory user registration, phone number verification, or centralized logging of communications. The technical architecture of the application significantly impedes interception, attribution, and investigation by law enforcement agencies.’ – Government of India” What Bitchat Is Bitchat is a peer-to-peer encrypted messaging application. Devices form local mesh networks over Bluetooth, automatically discovering nearby peers and relaying messages across multiple hops. When internet connectivity is available, the app can fall back to Nostr relays. Users can join public local channels, send private end-to-end encrypted messages, and access location-based channels organized by geographic zones. The application requires no registration and includes a panic feature that clears stored data. The code is open source, with the primary repositories hosted under the permissionlesstech organization on GitHub. The iOS version is available on the App Store; the Android version is on Google Play and distributed via GitHub releases, as well as many other app stores like Nostr’s Zapstore. Recent updates added the ability for Android devices to share the installation file directly with nearby phones over Wi-Fi or Nearby Share, letting new users join the mesh easily without the need for internet access. Key figures associated with the project include Jack Dorsey and open-source developer Calle, known for work on Cashu ecash. Bitcoin Magazine has previously noted experimental demonstrations of offline Bitcoin-related payments moving across the same mesh. Earlier Deployments Bitchat first saw significant real-world use during periods of government-restricted connectivity. In September 2025, during unrest in Nepal, the app recorded nearly 50,000 downloads from that country in a single day, according to data shared by Calle and reported by Bitcoin Magazine. Similar spikes occurred during blackouts in other regions. In January 2026, Iranian users turned to Bitchat and a localized fork during internet restrictions, as covered in Bitcoin Magazine. These earlier cases established a pattern: when conventional mobile networks or social platforms become unreliable or restricted, tools that operate independently of those networks see rapid adoption. The India Events In May 2026, India’s National Eligibility Entrance Test (NEET-UG) for medical school admissions was canceled after evidence of a significant leak of the test’s questions. The controversy, involving millions of candidates, undermined the fairness of the exam and was linked to student suicides, contributing to the growth of a youth-led satirical movement known as the Cockroach Janta Party (CJP). Protests centered on demands for accountability from Education Minister Dharmendra Pradhan and broader reforms to the examination system. By mid-July, demonstrators had gathered at Jantar Mantar in New Delhi and attempted marches toward Parliament. Reports indicated blackouts on mobile data or internet access in areas around the protests. On 24 July 2026, the Indian Cybercrime Coordination Centre (I4C), issued a notice directing GitHub to restrict access to three Bitchat repositories within three hours. The notice cited the application’s ability to function during network restrictions and internet shutdowns, arguing that this architecture could impede lawful interception and attribution. On 24 July, Dorsey posted the notice on X with the statement: “the government of India does not like technologies like bitchat and wants it taken down.” Market data from Sensor Tower, according to TechCrunch, reported across multiple outlets, showed that India accounted for approximately 85 percent of the app’s global downloads between 17 and 23 July, with more than 91,000 downloads in India over five days and daily active users exceeding 330,000 at the peak. The GitHub repositories remained accessible in the immediate aftermath, despite the takedown attempt by the Indian government. Developers and users circulated mirrors, including on decentralized platforms such as Radicle. The application itself continued to function on devices that already had it installed, and the offline file-sharing feature reduced reliance on app stores or GitHub for further distribution. Pradhan resigned on 25 July. Historical Context The use of messaging tools during protests is not new, nor is Dorsey’s role in support of technologies useful during tense democratic protests. During the Arab Spring, platforms such as Twitter and Facebook were widely credited with helping coordinate demonstrations and amplify information, leading some observers to describe the events as “Twitter revolutions” or “Facebook revolutions.” Those centralized services, however, remained dependent on internet access and corporate intermediaries that could be pressured or blocked and in some cases were. A closer technological predecessor appeared in 2014 during Hong Kong’s Umbrella Movement. Protesters downloaded FireChat, a mesh-networking application that allowed devices to communicate directly over Bluetooth or Wi-Fi without internet. The app saw hundreds of thousands of downloads and millions of chat sessions in a short period as mobile networks became congested or as users prepared for possible disruptions. Bitchat continues this line of development, though more closely integrated with Bitcoin-associated technologies. It combines mesh networking with an open protocol (Nostr), stronger cryptographic defaults, and fully open-source code. The response to the Indian GitHub notice, which saw rapid mirroring and peer-to-peer distribution of the application itself, illustrates a further step: the tool is no longer dependent on a single company or platform for its survival; once it has been distributed, it self-replicates. Cypherpunk Principles in Practice In 1993, Eric Hughes published A Cypherpunk’s Manifesto. It opens with the statement: “Privacy is necessary for an open society in the electronic age.” The manifesto argues that individuals cannot rely on governments or corporations to protect privacy and that the practical response is to write and deploy code that makes surveillance and control more difficult. Bitchat is an application of that approach to communication. It does not require user information to function; identities are purely based on cryptography. Users do not need to trust a central operator. It continues to function when conventional infrastructure is restricted. When an intermediary such as GitHub is asked to remove the source code, the popularity and the offline distribution methods of the project limited the effectiveness of the request. This does not make the technology inherently aligned with any particular political outcome, but this is now the third time it goes viral in the context of democratic demonstrations as a solution to government-driven internet censorship. From FireChat in Hong Kong to Bitchat in Nepal, Iran, and now India, the same underlying demand appears: communication that does not disappear when the network does. Bitchat servers that demand by giving people tools to communicate and coordinate without centralized infrastructure. This post Bitchat Mesh App Defies India Cybercrime Notice After Protesters Use It During Network Restrictions first appeared on Bitcoin Magazine and is written by Juan Galt. Переглянути повний текст

Bitcoin Magazine Republican Senator Cynthia Lummis Slams Democrat Lawmakers For Dragging Their Feet Over Clarity Act Pro-crypto Senator Cynthia Lummis on Wednesday slammed Democrats for holding back the Clarity Act. Speaking on the Senate floor, Senator Lummis, of Wyoming, spoke of the bipartisan work that had gone into the bill — but questioned why it was stalling. Lawmakers are hoping the Clarity Act gets passed before Congress departs for August recess. While the bill has been drafted bipartisanly, some Democrats are unhappy with the current version. JUST IN: Republican Senator Cynthia Lummis calls out the Democrats for holding up the Clarity Act: "After nearly 11 months of giving almost everything asked of us, I genuinely don't know what else my Democrat colleagues need before we act." pic.twitter.com/1SMzfkNVfQ — Bitcoin Magazine (@BitcoinMagazine) July 29, 2026 “This is a very good bill: good for the country, good for consumers, and good for the people we all represent on both sides of this aisle,” said Senator Lummis. “And after 11 months of giving nearly everything that was asked of us, I am genuinely struggling to understand what else my colleagues across the aisle think it needs before we act.” Major financial institutions, lawmakers and companies have thrown their weight behind the new bill, but a group of Democrats last week said in a statement that the bill in its current form falls short. A number of lawmakers are hoping the bill gets passed before Congress departs for August recess. Despite being passed in the house of representatives last year with strong bipartisan support, the Clarity Act has been in a deadlock for much of 2026, partially the banking lobby raised concerns over stablecoin yield. An updated bill of the Clarity Act was introduced last week that addressed ethics concerns — banning government officials and their families from issuing or promoting crypto. Republicans are hoping to gain bipartisan support for the bill this week to advance the legislation. If passed, the long-awaited bill would create a regulatory framework for the cryptocurrency market. Conservative Lummis earned the name “Bitcoin Senator” over the years for her pro-crypto approach on Capitol Hill. The 71-year-old senator has admitted owning the leading cryptocurrency since 2013 and has been vital in pro-crypto legislation, including by helping draft the Bitcoin Act for a Bitcoin strategic reserve, and co-sponsoring the 2025’s GENIUS Act to regulate stablecoins. This post Republican Senator Cynthia Lummis Slams Democrat Lawmakers For Dragging Their Feet Over Clarity Act first appeared on Bitcoin Magazine and is written by Mathew Di Salvo. Переглянути повний текст

Bitcoin Magazine Bitcoin Barely Budges as Fed Keeps Interest Rates Unchanged Bitcoin was trading higher on Wednesday — but only slightly — after the Federal Reserve decided to keep interest rates still. The leading cryptocurrency was recently priced at close to $64,402 per coin, after moving up by nearly 1% in the hour following the announcement. As expected, the U.S. central bank left the federal funds rate in the 3.50%-3.75% range. Three of the 12 members of the policy-setting Federal Open Market Committee “preferred” a quarter-percentage-point hike at this meeting. BREAKING: Federal Reserve officially leaves interest rates unchanged at 3.5-3.75%. pic.twitter.com/mkMnSee2ou — Bitcoin Magazine (@BitcoinMagazine) July 29, 2026 Speaking to the press following the announcement, the Fed’s new Chair, Kevin Warsh, revealed little about where the central bank would go next. “The Fed’s on the case,” he said. “I’ve been heartened by the reception I’ve received. We’re committed as ever to deliver.” He added that the July rate decision was “a rigorous review of the economic situation.” “I wouldn’t characterize what we did as anything like a pause,” he said. “I would characterize what we did as a rigorous review of the economic situation. I would characterize what we did as a review of the big, hard questions.” Warsh, who took over in May, has said he has “no tolerance” for inflation that has been running above the central bank’s target for more than five years. Bitcoin has typically performed well in a low-interest rate environment, and crypto investors have been hoping the Federal Reserve would cut rates to boost digital assets. President Donald Trump since taking office has pushed for lower interest rates, and clashed with ex-Fed chair Jerome Powell over the matter. For now, Warsh doesn’t seem like he’ll be going in that direction as sticky inflation continues to bother Americans. The Federal Reserve started aggressively raising rates in 2022 in a bid to control 40-year-high inflation spurred by the COVID-19 pandemic. Bitcoin was hit by the tightening. Then, in 2024, the central bank repeatedly cut rates. It has been hesitant to lower them since the end of 2025. This post Bitcoin Barely Budges as Fed Keeps Interest Rates Unchanged first appeared on Bitcoin Magazine and is written by Mathew Di Salvo. Переглянути повний текст

Bitcoin Magazine Democratic Senator Backs Clarity Act — With Proposed Law Enforcement Changes Included: Report Bipartisan work on the long-awaited Clarity Act continues after Democratic senator Catherine Cortez Masto said that she, along with two law enforcement groups, are feeling “good” about proposed changes to the bill, according to a news report. Along with the National Association of Assistant U.S. Attorneys and the National District Attorneys Association, Cortez backed changes to the bill and said they felt positive about “the chance to resolve this issue once and for all,” according to a POLITICO report. The changes were sent to the White House. 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. But some sticking points remain — particularly with Democrats. JUST IN: Sen. Catherine Cortez Masto backs the new CLARITY ACT proposal sent to the White House saying: "We feel good about the chance to resolve this issue once and for all" – POLITICO pic.twitter.com/Bn3b7dcz8e — Bitcoin Magazine (@BitcoinMagazine) July 29, 2026 According to the news report, the changes proposed by the law enforcement groups refer to a small section of the bill which seeks to protect some crypto software developers and firms from being prosecuted for illicit activity committed by others on platforms they create. A new version of the Clarity Act has been circulating amongst lawmakers since last week; it has changes regarding ethics and bans officials and their families from issuing or promoting crypto — something lawmakers previously had issue with. The Clarity Act was passed last year by the House of Representatives but has been in deadlock in 2026 while regulators and banking chiefs hash out a new version of the bill. The banking lobby has raised concerns over stablecoins and the yield they would potentially pay customers and some Democrats think the bill falls short regarding ethical issues. Still, the bill has been worked on by both Republicans and Democrats — despite crypto legislation being something pushed by pro-crypto President Donald Trump. Major institutions, including Fidelity and Goldman Sachs, as well as crypto lobby groups and politicians, have said the revised bill works in its current form. This post Democratic Senator Backs Clarity Act — With Proposed Law Enforcement Changes Included: Report first appeared on Bitcoin Magazine and is written by Mathew Di Salvo. Переглянути повний текст

Bitcoin Magazine Banking Lobby CEO Talks Crypto Clarity Act as Senators Race To Pass Bill The CEO of the American Bankers Association, Rob Nichols, has said that the banking lobby wants the Clarity Act to succeed — but small edits to the bill still need to be made. Speaking on CNBC’s Squawk Box show Wednesday, Nichols said that while there is a “lot of good” in the Clarity Act, the issue around stablecoins and local lending needs to be fixed. JUST IN: American Bankers Association CEO tells CNBC "There's a lot of good in the Clarity Act" "I do think that the crypto and the banking sectors can coexist. I think we can be the crypto capital of the world." "We're working with the Senators" on this bill. pic.twitter.com/3SldlEBEOS — Bitcoin Magazine (@BitcoinMagazine) July 29, 2026 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. But a sticking point of the bill has been related to concerns banking chiefs have over stablecoin yield. “The bill is about 600 pages and there’s only two paragraphs where we’re suggesting tiny surgical edits,” said Nichols. “I do think that the crypto and the banking sectors can coexist. I think we can be the crypto capital of the world and I think we can be the banking capital of the world.” The bill was passed last year by the House of Representatives but has been in deadlock after banking chiefs raised concerns over stablecoins and the yield they would potentially pay customers. America’s biggest crypto exchange, Coinbase, pulled support for the bill in January after clashing with banking chiefs who said that earning yield on stablecoins should be banned. U.S. banks have said they could lose customers if crypto exchanges offer more attractive products for their deposit base. Coinbase’s Chief Policy Officer, Faryar Shirzad, this week shrugged off the concerns that the banking lobby has, claiming that top lenders are already adopting crypto technology. Top U.S. banks — including JP Morgan and Bank of America — have expressed interest or already started debuting stablecoin products, which run on blockchain technology. A new draft circulating last week bans officials and their families from issuing or promoting crypto — something opposition lawmakers previously had issue with. GOP lawmakers are pushing Democrats to pass the bill. Bipartisan support for the bill exists though some lawmakers — such as senator Elizabeth Warren — have criticized the draft, claiming it would allow President Donald Trump to make money from crypto, as well as benefit criminals. Major institutions, including Fidelity and Goldman Sachs, as well as crypto lobby groups and politicians, have said the revised bill works in its current format. This post Banking Lobby CEO Talks Crypto Clarity Act as Senators Race To Pass Bill first appeared on Bitcoin Magazine and is written by Mathew Di Salvo. Переглянути повний текст

Bitcoin Magazine Crypto Giant DCG Warns Senate: Pass Clarity Act or Lose Ground to Singapore, UAE Crypto investment firm Digital Currency Group is the latest big name to throw its weight behind the Clarity Act. In a statement posted Wednesday, the conglomerate said that the current draft of the long-awaited bill “offers exactly the kind of certainty our industry needs to grow and thrive responsibly.” 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. While the bill has been drafted bipartisanly, some Democrats are unhappy with the current version. “The bill is the product of serious negotiation and reflects genuine compromise from industry, advocates, and members on both sides of the aisle,” the statement read. “The competitive stakes could not be higher. The United States has long been the global center of technological innovation, but we are ceding ground at an alarming pace,” it continued, adding that “talent, capital, and innovative companies” are looking to countries like Singapore and the United Arab Emirates to set up shop. Crypto giant DCG has over 200 companies in its portfolio, most notably Grayscale, the manager of the Grayscale Bitcoin Trust. Lawmakers have been working on the Clarity Act since last year. Republicans passed the bill in 2025 but it has been in a deadlock this year, partially because banking chiefs raised concerns over stablecoin yield. A new draft circulating last week bans officials and their families from issuing or promoting crypto — something opposition lawmakers previously had issue with. GOP lawmakers are pushing Democrats to pass the bill. Bipartisan support for the bill exists though some lawmakers — such as senator Elizabeth Warren — have criticized the draft, claiming it would allow President Donald Trump to make money from crypto, as well as benefit criminals. A group of Democrats last week penned a statement claiming the bill in its current form falls short. Major institutions, including Fidelity and Goldman Sachs, as well as crypto lobby groups and politicians, have said the revised bill works in its current format. This post Crypto Giant DCG Warns Senate: Pass Clarity Act or Lose Ground to Singapore, UAE first appeared on Bitcoin Magazine and is written by Mathew Di Salvo. Переглянути повний текст

Bitcoin Magazine SEC Chairman Says He’s ‘Committed’ to Helping Advance Crypto Clarity Act Securities and Exchange Commission Chairman Paul Atkins has thrown support behind the long-awaited crypto market structure bill. Writing on X Tuesday, the chief of Wall Street’s biggest regulator said that he was “committed to supporting Congress in advancing” the bill. A number of lawmakers are hoping the Clarity Act gets passed before Congress departs for August recess. While the bill has been drafted bipartisanly, some Democrats are unhappy with the current version. JUST IN: SEC Chair Paul Atkins says he will support Congress in passing the Clarity Act: “I am committed to supporting Congress in advancing the CLARITY Act, including providing technical assistance.” pic.twitter.com/wRRbnY9vXu — Bitcoin Magazine (@BitcoinMagazine) July 28, 2026 “American leadership in the digital finance revolution means matching the energy of American innovators with a regulatory framework worthy of them,” wrote Atkins on the social media platform, adding a video from a Monday CNBC interview where he spoke about the need for such a bill. Chosen by President Trump, Atkins was officially sworn in as the 34th Chairman of the SEC last year. He has taken a far more crypto-friendly approach to regulating the space compared to his predecessor, Gary Gensler. The regulator is the latest big name to push for the Clarity Act to get over the line. Major financial institutions like Fidelity and Goldman Sachs have thrown their weight behind the new bill, but a group of Democrats last week said in a statement that the bill in its current form falls short. A number of lawmakers are hoping the bill gets passed before Congress departs for August recess. Despite being passed in the house of representatives last year with strong bipartisan support, the Clarity Act has been in a deadlock for much of 2026, partially because big bankers raised concerns over stablecoin yield among Democrat concerns around ethics language. Banking lobbyists have said that if crypto exchanges pay attractive yields to customers, banks could lose their deposit base. An updated bill of the Clarity Act was introduced last week that addressed the ethics concerns, banning government officials and their families from issuing or promoting crypto. Republicans are hoping to gain bipartisan support for the bill this week to advance the legislation. If passed, the long-awaited bill would create a regulatory framework for the cryptocurrency market. This post SEC Chairman Says He’s ‘Committed’ to Helping Advance Crypto Clarity Act first appeared on Bitcoin Magazine and is written by Mathew Di Salvo. Переглянути повний текст

Bitcoin Magazine Dubai-Based Emirates Airline Adds Bitcoin and Crypto Payments People can now pay with Bitcoin to buy flights from Dubai-based airline Emirates. Working with Crypto.com, Emirates said Tuesday the customers now have the option to book flights using the crypto exchange’s payment feature. Crypto.com and Emirates last year announced they would work together. Emirates’ Deputy President and Chief Commercial Officer Adnan Kazim said the move “reflects the rapidly evolving preferences of a younger, digitally fluent generation who manage their money and plan their journeys primarily from their phones and they expect the airlines they fly with to keep pace.” Emirates first teased plans back in 2022 to implement Bitcoin payments; the latest move allows Crypto.com customers to use any digital assets to make payments. Under the new setup, travelers with a Crypto.com account can select Crypto.com Pay at checkout when booking on emirates.com or through the Emirates App. The option is limited for now to eligible UAE residents making bookings priced and settled in Emirati Dirham. The integration runs through Crypto.com’s Dubai-licensed entity, which the company says was the first virtual asset service provider to receive a Stored Value Facilities license from the Central Bank of the UAE. The launch also feeds into wider government targets. It supports Dubai’s Cashless Strategy, part of the D33 Economic Agenda, which is aiming to make 90% of transactions across the emirate’s government and private sectors digital by the end of 2026. It follows on from an earlier Emirates partnership with Dubai Finance to advance digital payments, and comes after Crypto.com struck its own deal with Dubai Finance to accept digital payments for government services. This post Dubai-Based Emirates Airline Adds Bitcoin and Crypto Payments first appeared on Bitcoin Magazine and is written by Mathew Di Salvo. Переглянути повний текст

Bitcoin Magazine Bitcoin Dips As Crypto Clarity Act Hopes Fade Bitcoin’s price slid further on Tuesday as investors weighed up the chances of lawmakers voting on the long-awaited crypto Clarity Act. The price of Bitcoin was recently $63,634 after sliding 2% over a 24-hour period. The cryptocurrency dropped as low as $62,784 at one point. Market observers now give the Clarity Act a 35% chance of getting signed into law this year on crypto betting platform Polymarket. While major financial institutions like Fidelity and Goldman Sachs have thrown their weight behind the new bill, some Democrats are still unhappy with it in its current form. A group of Democrats last week said in a statement that the bill in its current form falls short. A number of lawmakers are hoping the bill gets passed before Congress departs for August recess. U.S. lawmakers have an action packed week of voting before its five-week recess, including sweeping Russian energy sanctions. JUST IN: Sen. Mike Haridopolos talks CLARITY ACT on FOX "The Clarity Act helps grow the American economy…CLARITY will allow us to make sure that we are the center of the action on digital assets, blockchain, and the internet in general." pic.twitter.com/x4NtD6sTx6 — Bitcoin Magazine (@BitcoinMagazine) July 28, 2026 Despite being passed in the house of representatives last year with strong bipartisan support, the Clarity Act has been in a deadlock for much of 2026, partially because big bankers raised concerns over stablecoin yield among Democrat concerns around ethics language. Banking lobbyists have said that if crypto exchanges pay attractive yields to customers, banks could lose their deposit base. An updated bill of the Clarity Act was introduced last week that addressed the ethics concerns, banning government officials and their families from issuing or promoting crypto. Republicans are hoping to gain bipartisan support for the bill this week to advance the legislation. If passed, the long-awaited bill would create a regulatory framework for the cryptocurrency market. This post Bitcoin Dips As Crypto Clarity Act Hopes Fade first appeared on Bitcoin Magazine and is written by Mathew Di Salvo. Переглянути повний текст

Bitcoin Magazine I Scanned the Entire Bitcoin Blockchain for Images. What I Found Will Shock You I scanned the Bitcoin blockchain for images; what I found will shock you. Much has been said online about the arbitrary data and content that can be found on the Bitcoin blockchain. Not only has this possibility spawned a niche art scene, but it has also led to a movement against ‘non-monetary transactions’ on the Bitcoin network. Were you to hear from one of its proponents or detractors, you’d figure the blockchain is basically a wall filled with graffiti. Well, I decided to put the question to the test: are there actually images on the blockchain? And what does this actually mean for Bitcoiners simply trying to run their own full node and maximize their financial sovereignty? My methodology was simple: I was to buy a fresh hard drive to store the blockchain on, and then I was going to run classic image recovery software over the data- something used to rescue images from broken hard drives, something designed to find raw image data. I chose PhotoRec to do the image recovery work, an open source image recovery program that’s been around for over 20 years. The software is designed to find image files in raw data. This can be used to recover images and other file formats from hard drives that have failed or been corrupted. It is actually often used to recover lost wallet.dat files from the early days of Bitcoin wallets, before the proliferation of the seed word format. Syncing The Full Bitcoin Node For storage of the full Bitcoin blockchain, I decided to buy a 4-terabyte disk drive for a couple hundred dollars. I then installed the latest version of Bitcoin Core on it and started to sync the chain. The process, which involves downloading and verifying the accounting integrity of all transactions in Bitcoin history, took about 72 hours or three days, automated and running in the background by the Bitcoin Core software. I did this with an otherwise powerful gaming machine; the main bottleneck in terms of time was the disk drive, which is slow to read and write data as needed when syncing Bitcoin’s blockchain. The slow part of the process involves the unspent transaction output set, or UTXO. When a user syncs the blockchain, every unspent transaction value (output) or positive balance is organized into the UTXO set, and as those values are spent, they are removed from the set, while the new address to which those satoshi were sent is added. On the disk drive, this UTXO indexing process could have taken three weeks according to some estimates, so to speed it up, my clanker (AI agent) suggested we index the data in RAM instead, then move the data back to the 4-terabyte disk drive. While the whole process took three days, running in the background, an SSD could have done the whole job in about a day. SSD drives are much faster than disk drives; they are more modern, but they are also easily four times the price, or more. Once the blockchain was fully downloaded and validated, we moved the UTXO index from RAM back to the disk and booted the Bitcoin software; the chain was fully synced and the wallet ready to go. Now it was time for the next step: recovering the images stored on the blockchain. Image Recovery on the Blockchain with PhotoRec With the full Bitcoin blockchain on my disk drive, I turned off Bitcoin Core and asked my clanker (Cursor AI agent) to run PhotoRec 7.2 on the drive. The default PhotoRec process looks for jpg, png, gif, tif, bmp, ico, psd, and raw formats. The process ran for over 11 hours on the blockchain data and ultimately found … (drum roll) … nothing. Over a terabyte of blockchain data and half a day of scanning and no images turned up. The PhotoRec wiki page gives a simple example of how the software works: “PhotoRec identifies a JPEG file when a block begins with: 0xff, 0xd8, 0xff, 0xe0, 0xff, 0xd8, 0xff, 0xe1, or 0xff, 0xd8, 0xff, 0xfe.” In other words, the program looks at the data on the disk for bytes that signal that there’s an image file. The program is capable of false positives; it saved 8 ICOs and 4 identical PNG files that don’t show any images when opened, as seen in the picture below. So, effectively no meaningful images of any kind were found. Where Did the Jpegs Go? XOR Magic Tricks How is this possible? For years, crypto people have been talking about NFTs and how to engrave image data on the Bitcoin blockchain. Millions of dollars have moved in this niche, and a whole culture war is being fought on the matter as we speak. Can there really be no images on the chain? Turns out the risks involved with arbitrary data have been discussed and planned for in Bitcoin Core development circles for a long time, as early as 2011. XOR, a simple data obfuscation technique, is used to scramble all the blockchain data while it is at rest on a hard drive. You might have heard that the fundamental language of computers is made up of 0’s and 1’s. Well, in a nutshell, XOR compares two digits or bits and returns 1 if the bits are different or 0 if the bits are the same. In the case of Bitcoin, XOR compares every bit of the blockchain data to a random key generated during initial install, resulting in data at rest that other programs can find no meaning in. However, when the Bitcoin software runs, it has the key to unscramble that data and use it at will. XOR is also very fast, so it does not meaningfully impact performance. Here’s an example of the Bitcoin genesis block before and after an XOR. XOR is currently applied to both the blockchain data and the UTXO set. XOR was initially discussed in 2014 when anti-virus software started getting tripped up by blockchain data it interpreted as virus code. The anti-virus software would then quarantine a block, corrupting the blockchain data and crashing Bitcoin, making sync impossible. By the end of 2015, XOR had been implemented on the UTXO set data at rest and in 2024 it was implemented on all blockchain data at rest. Incidentally, the XOR process means that no arbitrary data can be identified or extracted from the blockchain without intentionally bypassing the XOR, a process that is not necessary for monetary use of Bitcoin. Since the Bitcoin Core software keeps a simple database of the location of each scrambled block, it can get its data, unscramble it and use it in a targeted manner easily. Syncing Bitcoin in an unscrambled way is a custom process that can take as much time as syncing from scratch, since it basically has to re-write the full terabyte of data in a new order, and there’s not much point in that for someone that just wants the normal privacy and security benefits of running a Bitcoin node. So when it comes to the vast majority of copies of the Bitcoin blockchain data, resting on the computers of normal Bitcoiners throughout the world, there’s effectively no arbitrary data or images that can be identified. Shocking, I know. Feel free to run the PhotoRec test yourself on your own node! This post I Scanned the Entire Bitcoin Blockchain for Images. What I Found Will Shock You first appeared on Bitcoin Magazine and is written by Juan Galt. Переглянути повний текст

Bitcoin Magazine Quick Maths On STRC Buybacks: The Truth About Net Bitcoin Per Share and Accretion Strategy initiated open-market repurchases of STRC last week (July 20 through July 26, 2026), buying 288,930 shares for ~$25 million at an average price of $86.52. Notably, the company bought no Bitcoin and continued to grow its cash reserve. So what is going on here? Why is the largest Bitcoin treasury company buying back its credit? Context In June 2026, STRC fell far below the $100 stated amount. Check out these two articles for some in depth analysis about what exactly happened: Crash Post Mortem – What Happened to STRC in June 2026 The Sixth Lever Last week’s STRC buyback follows Strategy’s Digital Credit Capital Framework, announced on June 29 in response to the June volatility, which authorized up to $1 billion of repurchases across STRC, STRF, STRD, and STRK. Likely because STRC is now viewed as Strategy’s flagship product, STRC was identified as the initial priority for these buybacks. Buyback logic starts with the position of MSTR common stock in the capital structure. Common equity owns the residual value after every senior claim has been satisfied. Strategy’s BTC and cash are its liquid assets. Debt and preferred stock sit ahead of MSTR. Strategy’s USD Reserve (read: cash) offset part of those senior claims. The common stock therefore represents the value left after subtracting debt and preferred stock from the bitcoin reserve and adding back available cash. This is effectively Strategy’s recently introduced “Net Bitcoin Per Share” metric. Strategy’s current methodology calculates Net BTC by taking bitcoin holdings and subtracting the bitcoin-equivalent value of out-of-the-money convertible debt, other debt-like instruments, and outstanding perpetual preferred stock, then adding back the USD Reserve. Notice that this is exactly the same description as the prior paragraph! Net BTC is divided by fully diluted common shares to produce Net BPS. Strategy’s disclosures mark July 23 as the boundary for its revised mNAV methodology, which uses Net BPS as its denominator. This metric gives MSTR investors a direct view of BTC economically attributable to common equity after senior claims. Gross Bitcoin Per Share can rise when Strategy issues more preferred stock or debt to buy bitcoin. Net Bitcoin Per Share captures the liability created alongside that bitcoin purchase, answering the question of how much bitcoin remains for common shareholders after the more senior investors in the capital structure are paid. Therefore, Net BPS provides a framework for measuring the accretive or dilutive effect of capital markets transactions on MSTR. Think of it as another new metric that investors may evaluate along with the existing metrics already being used. Ok, but why STRC buybacks? The answer is that retiring liabilities at below their notional values is accretive on a net BTC basis. Let’s consider a simple balance sheet with easy numbers to understand the basic mechanics. Assume a company owns $100 million of BTC and carries $50 million of senior liabilities. Common equity is therefore a $50 million residual claim: $100 million assets – $50 million liabilities = $50 million equity Now assume the company can retire those $50 million of liabilities for $40 million. It uses $40 million of its assets, leaving $60 million of assets and zero remaining liabilities. The common equity residual rises from $50 million to $60 million. $60 million assets – $0 liabilities = $60 million equity The equity claim went from $50 million to $60 million. So spending $40 million to eliminate a $50 million claim creates $10 million of value for the residual owner (the common equity investor). The STRC repurchase follows the same structure. Strategy paid an average of $86.52 to retire a security with a $100 stated amount. Each repurchased share removed $100 from the preferred stock claim used in the company’s Net BTC calculation while consuming only $86.52 of capital. The $13.48 spread creates gross accretion to MSTR. Strategy retired $28.893 million of STRC stated amount for about $24.998 million based on the reported average price. The difference equals approximately $3.895 million, and this value accrues to MSTR. (It’s worth mentioning that also related to this is STRC’s current 12% annualized dividend rate. Retiring $28.893 million of STRC stated amount also removes roughly $3.47 million of annual dividend requirements. Also consider that since STRC is still well below $100, the company likely will raise the dividend, meaning the actual annual dividend expense removed is likely higher.) Conclusion Net BTC identifies the residual BTC owned by the common stock by considering all the senior liabilities which sit ahead. The STRC buyback is a move of financial engineering to improve the Net BTC per share metric of the company. 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 Quick Maths On STRC Buybacks: The Truth About Net Bitcoin Per Share and Accretion first appeared on Bitcoin Magazine and is written by Allard Peng. Переглянути повний текст

Bitcoin Magazine Core Scientific Adds More Bitcoin To Balance Sheet in Q2 Despite Selling Strategy Nasdaq-listed miner Core Scientific is rebuilding its Bitcoin treasury after seeing its balance sheet shrink at the start of this year. In a regulatory filing Tuesday, the miner said it had a total of 848 Bitcoins — worth over $54 million at today’s prices — after finishing the first quarter of this year with 547 Bitcoins. Core Scientific finished 2025 with 2,537 but started aggressively selling coins to fund its transition to the AI and high-powered computing industry. But the miner has started stacking Bitcoin again, using coins from mining, in order to have a strong balance sheet. It added 301 coins this quarter alone. Selling Bitcoins can reduce reliance on equity issuance or additional borrowing, especially in a higher-interest rate environment. It also gives a company more cash on hand. Core Scientific shares (CORZ) were trading about 2% lower Tuesday afternoon in New York. The company, which operates data centers across Alabama, Georgia, Kentucky, North Carolina, North Dakota, Oklahoma, and Texas, added that its revenue in the second quarter of this year rose sharply to $164.2 million from $78.6 million in Q2 2025. Gross profit rose to $70 million from $5 million in the same period as the year before. Core Scientific is one of a number of top publicly listed miners that have started directing resources to providing the infrastructure for high-powered computing. On Tuesday, the miner signed a deal with chipmaker AMD for 2.5 gigawatts ‌of data center capacity. The deal will give ​AMD access to more than 500 megawatts of Core Scientific’s AI-ready ‌data ⁠center capacity. A number of Bitcoin miners have already gone all-in on the industry as minting the biggest digital coin by market cap becomes harder and demand for AI compute surges. Instead of dropping mining operations completely, a number of Bitcoin miners have instead marketed themselves as “compute” or “digital infrastructure” companies while switching between minting digital coins and providing compute for AI — depending on which is more profitable. Branching out into AI data centers isn’t always easy for miners as the world of HPC requires more expertise with heating, ventilation and air conditioning systems than those for Bitcoin mining. This post Core Scientific Adds More Bitcoin To Balance Sheet in Q2 Despite Selling Strategy first appeared on Bitcoin Magazine and is written by Mathew Di Salvo. Переглянути повний текст

Bitcoin Magazine Bank of Russia Creates New Rules For Crypto Trading Russia’s central bank on Monday published draft regulations for the trading of digital currencies. The Bank of Russia released the changes to its “organized trading” rules, including the term “digital currency” throughout. The new rules are for organizations like crypto exchanges, which now have to report digital assets into their existing systems for pricing, monitoring and reporting — using the same processes they already run for regular currencies and securities. NEW: Bank of Russia says it has drafted "first regulations to launch cryptocurrency market in Russia." "The Bank of Russia has created conditions for organised trading in digital currencies and digital rights." pic.twitter.com/vrj0Qgo7A9 — Bitcoin Magazine (@BitcoinMagazine) July 28, 2026 Russia’s central bank is implementing the new rules as the State Duma prepares comprehensive regulation of crypto. Pro-Bitcoin Russia? While the new rules don’t specifically mention Bitcoin, Russia has a complex relationship with the leading cryptocurrency. Using crypto has been illegal in Russia as a form of payment since 2022 but lawmakers in the country have been open about using them for international settlements. President Vladimir Putin has also spoken about how the country has “competitive advantages” when it comes to Bitcoin mining due to the abundance of cheap energy in Russia. And back in 2023, the Russian legislature passed a bill legalizing the use of digital currency as a way to make international payments. The bill likely has helped the country skirt international sanctions: The U.S. and European governments sanctioned Russia when it annexed Crimea in 2014, and Western nations have stepped up penalties since it invaded Ukraine in 2022. President Putin even hinted that the country had been using Bitcoin specifically: While speaking at a forum in Moscow in December 2024, he said that new technologies were emerging that could help people move money. “For example, Bitcoin, who can ban it? Nobody,” he said at the time. This post Bank of Russia Creates New Rules For Crypto Trading first appeared on Bitcoin Magazine and is written by Mathew Di Salvo. Переглянути повний текст

Bitcoin Magazine Hyperscale Ups Bitcoin Stash, Bridging Holdings to Over 1,106 Coins Hyperscale Data, Inc. announced another Bitcoin buy, bringing its holdings up to 1,106 digital coins — worth $69.7 million at today’s prices. NYSE-listed Hyperscale added just 18.594 Bitcoin to its stash since last week’s buy of 51.5 coins. Hyperscale shares (GPUS) were trading nearly 4% lower Tuesday morning in New York. “Every Bitcoin we acquire further strengthens Hyperscale Data’s balance sheet and expands our financial flexibility,” Milton ‘Todd’ Ault III, Hyperscale Data’s executive chairman, said. “A stronger and larger Bitcoin treasury gives us additional options to finance growth, pursue strategic opportunities, and create long-term value for our stockholders. We intend to continue building our Bitcoin position over time.” The holdings are split across the company’s wholly owned subsidiaries, Sentinum, Inc. and Ault Capital Group, Inc. (ACG). The buildout is part of the company’s goal of establishing a $100 million digital asset treasury and reaching full parity between its Bitcoin holdings and market capitalization. Hyperscale is following in the footsteps of Strategy — formerly MicroStrategy — by using spare cash to buy Bitcoin. Under the leadership of Michael Saylor, Strategy shifted from a traditional software business to buying Bitcoin and allowing investors to get exposure to the asset via its shares which trade on the Nasdaq. This model has inspired other corporations to add the leading cryptocurrency to their treasuries — though Hyperscale’s case is unusual in that its holdings now exceed its entire market cap, a situation more commonly seen in deeply discounted treasury plays. This post Hyperscale Ups Bitcoin Stash, Bridging Holdings to Over 1,106 Coins first appeared on Bitcoin Magazine and is written by Mathew Di Salvo. Переглянути повний текст

Bitcoin Magazine Coinbase Chief Policy Officer Praises Crypto Clarity Act as “Extraordinarily Bipartisan” Coinbase’s Chief Policy Officer, Faryar Shirzad, struck an optimistic tone regarding the long-awaited Clarity Act on Monday, claiming there was bipartisan support for the bill in its current form. Speaking to Fox Business Monday, Shirzad said it was time for Democrats and Republicans to unite on the Clarity Act — and added that a vote could come as soon as next week. “This bill is an extraordinarily bipartisan piece of work,” he said. “It’s ready for final action. We’re very excited it’s going to get done.” JUST IN: Coinbase Chief Policy Officer talks CLARITY ACT on FOX "This bill is an extraordinarily bipartisan piece of work. It's ready for final action. We're very excited it's going to get done…I think we'll have a vote as early as Monday of next week" pic.twitter.com/J6iYcGs5c3 — Bitcoin Magazine (@BitcoinMagazine) July 27, 2026 Lawmakers have been mulling over the Clarity Act since last year, which would set in stone crypto regulation. A new draft started circulating last week which bans officials and their families from issuing or promoting crypto — something opposition lawmakers previously had issue with. But some Democrats are still unhappy with the bill in its current form. A group of Democrats last week said in a statement that the bill in its current form falls short. The bill has been in a deadlock this year, partially because banking chiefs raised concerns over stablecoin yield and ethics concerns. Banking lobbyists have said that if crypto exchanges pay attractive yields to customers, banks could lose their deposit base. But Shirzad shrugged off the concerns, claiming that banks are adopting crypto technology already. “The irony of the situation we’re facing with the banking lobby in Washington is that all the banks are actually moving quickly to adopt crypto and stablecoin in their own systems,” he continued. “I think the adoption by the banks tells you that as much as the lobbyists in Washington are resisting change, the long-term plan for the banks at the top is to adopt the technology, and it’ll be a win-win outcome.” Top U.S. banks — including JP Morgan and Bank of America — have expressed interest or already started debuting stablecoin products, which run on blockchain technology. This post Coinbase Chief Policy Officer Praises Crypto Clarity Act as “Extraordinarily Bipartisan” first appeared on Bitcoin Magazine and is written by Mathew Di Salvo. Переглянути повний текст

Bitcoin Magazine Republicans Hope For Democratic Support on Crypto Clarity Act Lawmakers are hoping to push through the crypto market structure bill this week but the Democrats are holding things back, according to Senator Dave McCormick. Speaking to Fox Business on Friday, the Republican senator said that a vote needs to happen now. “The Democrats are starting to think, ‘We don’t want to give it a win,'” said McCormick. Writing on X today, he added: “The time for delay is over. Bring the Clarity Act to the Senate Floor for a vote and let every senator go on the record. America needs clear rules that protect consumers and keep digital asset innovation and jobs here at home.” NEW: Sen. Dave McCormic on CLARITY ACT "The time for delay is over." "Bring the CLARITY Act to the Senate Floor for a vote and let every senator go on the record." pic.twitter.com/FvHck526kE — Bitcoin Magazine (@BitcoinMagazine) July 27, 2026 Lawmakers have been mulling over the Clarity Act since last year, which would set in stone crypto regulation. The bill has been in a deadlock this year, partially because banking chiefs raised concerns over stablecoin yield and ethics concerns. A new draft circulating last week bans officials and their families from issuing or promoting crypto — something opposition lawmakers previously had issue with. Now, GOP lawmakers are hoping to get backing from Democrats to pass the bill. Bipartisan support for the bill exists though some lawmakers — such as senator Elizabeth Warren — have criticized the draft, claiming it would allow President Donald Trump to make money from crypto, as well as benefit criminals. A group of Democrats last week penned a statement claiming the bill in its current form falls short. Major institutions, including Fidelity and Goldman Sachs, as well as crypto lobby groups and politicians, have said the revised bill works in its current format. Democrats — and some Republicans — 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. Despite the Trump family being heavily involved in crypto, and the president winning office after receiving backing from major crypto entrepreneurs, the White House has always denied any wrongdoing on part of the President. This post Republicans Hope For Democratic Support on Crypto Clarity Act first appeared on Bitcoin Magazine and is written by Mathew Di Salvo. Переглянути повний текст

Bitcoin Magazine Bitcoin ETFs Bled Nearly Half a Billion Dollars End of Last Week, Reversing Sentiment Investors cashed out of American Bitcoin exchange-traded funds at the end of last week, ending a seven days winning streak. Data from Farside Investors shows that over $475 million was redeemed from the investment products during trading hours on Thursday and Friday, with BlackRock’s iShares Bitcoin Trust handling most of the trading action. Risk appetite appeared to be back, too: over a seven-day period, from July 14-22, the funds managed by the likes of Fidelity, Morgan Stanley, and Grayscale, took in just under $1 billion in new investment: $999.3 million. The flurry of fresh cash put upwards pressure on the price of Bitcoin. The leading cryptocurrency then dipped on the outflows but is now unmoved over a seven-day period. Bitcoin’s price recently stood at $64,544. Year-to-date, Bitcoin is down over 26% and the cryptocurrency has shed nearly 50% of its value since it notched a new record of $126,080 in October. The ETFs — approved after nearly a decade of denials by the Securities and Exchange Commission in 2024 — have helped Bitcoin’s price surge as Wall Street investors now have an easy way to buy into the crypto space. Despite investors cashing out of major crypto funds, the newest on the market, Morgan Stanley’s Bitcoin Trust, experienced inflows of nearly $9 million Thursday and Friday. The fund, which debuted in April, now has close to $400 million in assets under management — making it one of the most successful ETFs of 2026. While analysts have called Bitcoin’s bottom, some have said that uncertainty around war in the Middle East and rising oil prices may hold back the cryptocurrency making a rebound. European asset management firm CoinShares said earlier this month that while investors are back at putting fresh cash in Bitcoin ETFs, other factors may hold digital asset markets from going higher. This post Bitcoin ETFs Bled Nearly Half a Billion Dollars End of Last Week, Reversing Sentiment first appeared on Bitcoin Magazine and is written by Mathew Di Salvo. Переглянути повний текст

Bitcoin Magazine Russia’s Sberbank Sets December Deadline for Crypto Buildout: Report Russia’s largest bank, Sberbank, will build crypto infrastructure by December, according to a report by Russian news agency Interfax. A key piece will be a digital depository that tracks clients’ crypto rights and records off-blockchain transactions, while also handling wallet transfers to execute client orders, Interfax reported Monday. Sberbank this month revealed plans to debut a Bitcoin and crypto wallet plus digital asset custody by December. The news comes as the State Duma mulls over a new law “On Digital Currencies and Digital Rights,” which sets up comprehensive Russian regulation of crypto. The proposed law covers retail purchases through licensed intermediaries, exchange trading, clearing, and digital depositories. First Deputy Chairman Alexander Vedyakhin was quoted as saying in the article that regulators and the market still need to draft numerous implementing regulations covering depository accounting, bookkeeping, and licensing for new types of intermediaries. He added that Sberbank is ready to keep sharing its expertise and participating actively in that process. Russia’s crypto journey Using crypto has been illegal in Russia as a form of payment since 2022 but lawmakers in the country have been open about using them for international settlements. President Vladimir Putin signed a law allowing cryptocurrency mining in the country last year, allowing legal entities to mine if they have been approved by the digital ministry. Foreign operations are currently banned from doing business in the country. Back in 2023, the Russian legislature passed a bill legalizing the use of digital currency as a way to make international payments. The bill likely has helped the country skirt international sanctions since the U.S. and European governments cut Russia off from the SWIFT payments system after it invaded Ukraine in 2022. Top Russian banks are planning to launch crypto trading services when new regulations take hold in the country. Lawmakers have said that investors will have to pass a test to start crypto investing and will be limited on the amount they can buy. This post Russia’s Sberbank Sets December Deadline for Crypto Buildout: Report first appeared on Bitcoin Magazine and is written by Mathew Di Salvo. Переглянути повний текст

Bitcoin Magazine Strategy Skips Bitcoin Again, Buys Back $25M of STRC Stock Bitcoin treasury Strategy on Monday announced that it had again skipped buying Bitcoin, instead buying back its own preferred stock, Stretch (STRC), for $25 million. In a filing and post on X, the company said it sold 5,429,160 shares of MSTR common stock through its at-the-market program between July 20 and July 26, generating $544.5 million in net proceeds. It was the first time the company did a buyback of its STRC product, one of the firm’s several products that gives investors exposure to Bitcoin via shares that pay a dividend. The company still holds 843,775 Bitcoins on its balance sheet — worth over $55 billion at today’s price of $65,576 per coin. The Bitcoin buying pause is the fifth in a row. Strategy has leaned on dollar accumulation over fresh Bitcoin buys across recent weeks, a shift from the aggressive purchases that defined much of its history. The firm now has $3.75 billion in cash that will not be used to fund repurchases, according to a filing. Strategy has said that its buyback plan — approved earlier this month — is about balance-sheet strength rather than retreat. President and CEO Phong Le has said that Strategy intends to remain a long-term Bitcoin buyer. Strategy — formerly MicroStrategy — started buying Bitcoin in August 2020 as a way to generate better returns for its shareholders during the COVID-19 pandemic. It has since spent around $63.9 billion on Bitcoin and is the largest corporate holder of the asset. Investors can buy its shares to gain exposure to the leading cryptocurrency without having to buy and hold digital coins themselves. Strategy spawned a long-list of copycat firms which have bought not only Bitcoin, but other cryptocurrencies to boost their stock prices. Strategy’s Nasdaq-listed stock (MSTR) was trading nearly 7% higher on Monday at nearly $98 per share. MSTR year-to-date has dropped by nearly 40%. This post Strategy Skips Bitcoin Again, Buys Back $25M of STRC Stock first appeared on Bitcoin Magazine and is written by Mathew Di Salvo. Переглянути повний текст

Bitcoin Magazine Morgan Stanley Bitcoin ETF Nearly Notches $400M in Assets Wall Street giant Morgan Stanley Bitcoin exchange-traded fund now has close to $400 million in assets under management — despite only launching in April. The NYSE Arca-listed fund, which is the first by a bank, got off to a roaring start when it debuted, bringing in over $33 million in fresh cash on its first day. Now, the fund has over $391 million in assets, demonstrating the popularity of the product. Many ETFs never reach $400 million in assets at all, let alone in one quarter. Senior Bloomberg Intelligence ETF analyst Eric Balchunas revealed Friday that the product has been one of the most successful funds launched this year so far. This week alone, investors have thrown $15.7 million in new cash at the product, according to Farside Investors data. Morgan Stanley has been making big crypto moves for years now. Back in 2021, it started offering wealthy clients exposure to Bitcoin via funds such as those by Galaxy Digital. And last year, the bank’s CEO and Chairman, Ted Pick, said that the bank was working with regulators to see how they could offer crypto safely. Back in April, the bank’s head of digital assets, Amy Oldenburg said client education — not product design — is the central challenge facing Bitcoin adoption. ETF action this week After weeks of outflows and sloppy price action, American Bitcoin ETFs have taken in fresh cash over the past seven days. Farside Investors shows the products have received a total of $274 million in new investment so far this week. The funds had been on a winning streak, receiving nearly $1 billion over seven days until Thursday, when every ETF experienced outflows — except for Morgan Stanley’s product. Bitcoin’s price was recently trading for $64,096, down over 1% over the past 24 hours. The cryptocurrency is virtually unmoved over a seven-day period. European asset management firm CoinShares last week said that while investors are back at putting fresh cash in Bitcoin ETFs, other factors may hold digital asset markets from going higher. “We see no significant upside potential from here,” James Butterfill, head of research at CoinShares, wrote. This post Morgan Stanley Bitcoin ETF Nearly Notches $400M in Assets first appeared on Bitcoin Magazine and is written by Mathew Di Salvo. Переглянути повний текст