Critics argue the declining Bitcoin block reward subsidy is a “ticking time bomb” for Bitcoin’s security. Here are some potential solutions. The key selling point of Bitcoin as a store of value has everything to do with the credibility of its monetary policy. As Bitcoin inventor Satoshi Nakamoto once wrote, the rules of the system were set in stone when the network first launched, and those rules included the 21-million-Bitcoin supply cap and the related issuance policy maintained by the roughly four-year halving cycle. But are those rules really set in stone? Is there really no chance Bitcoins monetary policy will change at some point in the future? Some critics believe that after the block reward drops too low as a result of the halvings and if transaction fee revenue has not risen substantially there will no longer be enough incentive for miners to secure the network. They argue the Bitcoin network may be forced to increase the supply as a result. Read more
Blockchain-based tokenization of climate assets could unlock trillions in green investments as regulatory frameworks drive carbon trading growth. Opinion by: Nicholas Krapels, head of research and development at Mantra By 2035, the real-world asset (RWA) market is expected to reach over $60 trillion, with green RWAs well-positioned to become a significant subsector in this global onchain movement. Today, tokenized green assets still represent less than 1% of total climate assets and a similarly small percentage of RWAs, which currently are mostly tokenized treasuries. Read more
Critics argue the declining Bitcoin block reward subsidy is a “ticking time bomb” for Bitcoin’s security. Here are some potential solutions. The key selling point of Bitcoin as a store of value has everything to do with the credibility of its monetary policy. As Bitcoin inventor Satoshi Nakamoto once wrote, the rules of the system were set in stone when the network first launched, and those rules included the 21-million-Bitcoin supply cap and the related issuance policy maintained by the roughly four-year halving cycle. But are those rules really set in stone? Is there really no chance Bitcoins monetary policy will change at some point in the future? Some critics believe that after the block reward drops too low as a result of the halvings and if transaction fee revenue has not risen substantially there will no longer be enough incentive for miners to secure the network. They argue the Bitcoin network may be forced to increase the supply as a result. Read more
Bitcoin fell below $113,000 as investors braced for Jerome Powell’s Jackson Hole speech that could set the US Fed’s path on interest rate cuts. Cryptocurrency investors were bracing for the US Federal Reserve’s annual gathering in Jackson Hole on Friday, where Chair Jerome Powell’s remarks may provide key signals on interest rate policy heading into September’s Federal Open Market Committee meeting. Bitcoin (BTC) briefly fell to $112,565 on Wednesday, a two-week low last seen on Aug. 3, Cointelegraph data showed. Bitcoin’s dip below $113,000 was a snapshot of “rising nerves in the market” as macroeconomic tensions surrounding Powell’s speech were causing “fear spikes” among digital asset traders, according to Ryan Lee, chief analyst at Bitget exchange. Read more
China’s cabinet will review a roadmap that includes yuan-pegged stablecoins to bolster yuan internationalization, sources told Reuters. China, one of the most restrictive global jurisdictions for cryptocurrencies, is reportedly considering allowing Chinese yuan-backed stablecoins in what would be a major policy reversal. Chinese authorities may authorize yuan-backed stablecoins for the first time to promote global use of its currency, Reuters reported on Wednesday, citing sources familiar with the matter. If approved, China’s plan for stablecoin use would mark a major shift in its approach to crypto after the country banned crypto trading and mining in September 2021. Read more