<?xml version="1.0" encoding="utf-8"?> <rss version="2.0"> <channel> <title>Bitcoin Today - Bitcoin News Curated and Powered by AI</title> <link>https://www.bitcointoday.app</link> <description>Get daily updates on Bitcoin's price, market trends, analysis, and breaking news curated and powered by AI - all digestible in minutes. Make BitcoinToday.app your one-stop shop for staying informed in the fast-paced world of Bitcoin.</description> <lastBuildDate>Wed, 12 Aug 2026 11:50:32 GMT</lastBuildDate> <docs>https://validator.w3.org/feed/docs/rss2.html</docs> <generator>https://github.com/jpmonette/feed</generator> <language>en</language> <image> <title>Bitcoin Today - Bitcoin News Curated and Powered by AI</title> <url>https://www.bitcointoday.app/images/logo-512.png</url> <link>https://www.bitcointoday.app</link> </image> <copyright>All rights reserved 2024, BitcoinToday.app</copyright> <category>Bitcoin News</category> <item> <title><![CDATA[Elon Musk's AI Warning About the Dollar Is Becoming Reality—Bitcoin Stands Ready]]></title> <link>https://www.bitcointoday.app/article/elon-musks-ai-warning-about-the-dollar-is-becoming-realitybitcoin-stands-ready</link> <guid>elon-musks-ai-warning-about-the-dollar-is-becoming-realitybitcoin-stands-ready</guid> <pubDate>Wed, 12 Aug 2026 07:01:14 GMT</pubDate> <description><![CDATA[## Elon Musk's AI Warning About the Dollar Is Becoming Reality—Bitcoin Stands Ready Elon Musk's April statement about AI and the dollar is hitting differently now. With Bitcoin trading near $64,000 and AI eliminating jobs at a rate of 27,000 cuts per quarter, his words resonate more than ever. > "If AI and robots increase output, then you must issue dollars to people or there will be massive disinflation." His core argument: automation could expand production so dramatically that prices collapse unless purchasing power is distributed to match the new supply. More goods, same number of dollars, means each dollar buys more. That sounds good, but for an economy built on debt and consumption, it's destabilizing. ### The Problem with Issuing More Dollars Musk's proposed fix—a form of universal high income funded by government—immediately runs into the problem every monetary economist flags. Shankar Sanyal, who pushed back directly on X, called the plan likely to "bankrupt any government that attempts it." The IMF, in its latest World Economic Outlook, has separately warned that elevated public debt and declining institutional trust are increasing fragility across economies. More dollars, regardless of what productivity is doing, erodes the purchasing power of the dollars already in circulation. That's not a theory; it's the documented history of every currency that has been printed to solve a structural economic problem. ### Where Bitcoin Enters the Equation This is precisely the scenario Bitcoin was designed for. While governments debate whether to print more currency to distribute, Bitcoin has already answered the question: its supply is fixed at 21 million coins. No AI productivity surge changes that number. No government can issue more of it to smooth over a disinflation problem. No political consensus is required to protect it. Musk's dilemma—print dollars and risk inflation, or don't print and risk disinflation—is a fiat currency problem, not a Bitcoin problem. The 21 million cap does not flex to accommodate either outcome. That inflexibility is the point. According to data, employers cut more than 27,000 jobs linked to AI in Q1 2026 alone, up 40 percent year over year. The pace of displacement is accelerating. Musk is right that the economy will need a response. Whether that response is government-issued dollars or a fixed-supply asset that governments cannot dilute is the most important monetary question of the next decade.]]></description> <author>contact@bitcointoday.app (BitcoinToday.app)</author> <category>bitcoin</category> <category>elonmusk</category> <category>ai</category> <category>inflation</category> <category>monetarypolicy</category> <enclosure url="https://s.yimg.com/lo/mysterio/api/65FD39D85F58F3BC256CA28D69940472ED2ECBF888101C124B62056059005B7F/subgraphmysterio/resizefill_w1200_h700;quality_80;format_webp/https:%2F%2Fmedia.zenfs.com%2Fen%2Fthestreet_881%2F7fe6157eff51320c3ad41721b5bb4459.jpg" length="0" type="image/jpg"/> </item> <item> <title><![CDATA[XRP and Ether Lead Crypto Losses as Bitcoin Struggles to Hold $65K, Analysts Eye $70K]]></title> <link>https://www.bitcointoday.app/article/xrp-and-ether-lead-crypto-losses-as-bitcoin-struggles-to-hold-65k-analysts-eye-70k</link> <guid>xrp-and-ether-lead-crypto-losses-as-bitcoin-struggles-to-hold-65k-analysts-eye-70k</guid> <pubDate>Tue, 11 Aug 2026 14:01:37 GMT</pubDate> <description><![CDATA[Bitcoin slipped to near $64,000 on Tuesday, down over 1% on the day but still up marginally on the week, after a fourth failed attempt to hold above $65,000. It reached a 24-hour high just above $65,300 before sliding through the Asian afternoon. Ether was the weakest major, down over 2% to $1,878, though it remains slightly higher over seven days. XRP fell almost 2% to $1.01 and is down almost 6% on the week, the worst of the group by some distance. Solana eased under 1% to $76 but leads the week at 3%. BNB slipped to $600 and holds a 2% weekly gain. Three majors went the other way. Hyperliquid's HYPE rose almost 2% to $55, tron gained slightly to 33 cents and dogecoin was marginally higher at 7 cents. Alex Kuptsikevich, chief market analyst at FxPro, said bitcoin has been testing $65,000 for four straight days without any surge in buying as it approaches the round number. More telling is the absence of selling into it, which he read as "a build-up of short positions well above this level" rather than holders taking profit. That makes $70,000 the next area to watch, another round number with the 200-day moving average sitting nearby. Clearing it would put bitcoin above the range where buyers and sellers fought through March and April, a move Kuptsikevich said would shift sentiment meaningfully. Traders are not there yet. The crypto sentiment index sits at 30, in what is known as the fear zone, and has stayed there since mid-July with occasional dips toward extreme fear. Bonds and oil set the tone in broader markets. U.S. 10-year Treasury yields rose six basis points on Monday to 4.71%, dragging Australian and New Zealand government bonds down with them, with no cash Treasury trading during Asian hours because of a public holiday in Japan. Brent crude held at $87.73 a barrel after jumping 5% on Monday, when President Donald Trump made fresh demands on Iran and dimmed hopes of a deal to reopen the Strait of Hormuz. Gold rose for a third session above $4,400 an ounce. Higher oil feeds into the inflation figures due Wednesday at 8:30 a.m. ET, which is why the rally is weighing on assets that do better when rate rises look less likely. Fund flows had been running the other way until this week. U.S. spot bitcoin funds took in $865 million across five sessions through Aug. 7, before a provisional outflow of $91 million on Monday.]]></description> <author>contact@bitcointoday.app (BitcoinToday.app)</author> <category>bitcoin</category> <category>ethereum</category> <category>xrp</category> <category>marketanalysis</category> <category>inflation</category> <enclosure url="https://cdn.sanity.io/images/s3y3vcno/production/f680e6b49e77cb08815db8870b4a9ee5569d61ad-2886x1504.png?auto=format&fit=crop&crop=focalpoint&w=1920&h=1080&q=75" length="0" type="image/png"/> </item> <item> <title><![CDATA[Russia Greenlights Bitcoin, Ethereum, and USDT for Retail Trading—But XRP Misses the Cut]]></title> <link>https://www.bitcointoday.app/article/russia-greenlights-bitcoin-ethereum-and-usdt-for-retail-tradingbut-xrp-misses-the-cut</link> <guid>russia-greenlights-bitcoin-ethereum-and-usdt-for-retail-tradingbut-xrp-misses-the-cut</guid> <pubDate>Tue, 11 Aug 2026 20:01:15 GMT</pubDate> <description><![CDATA[## Russia's Central Bank Opens Crypto Trading to Retail Investors Russia's central bank has proposed its first framework for letting ordinary investors trade crypto on public markets. The Bank of Russia published a draft directive on Aug. 11 that would allow non-qualified investors to buy digital assets through brokers, crypto exchanges, or managers—within a strict annual ceiling. "We're setting a limit on the purchase of cryptocurrencies for non-qualified investors," the central bank said in a separate notice. "Through each intermediary—a broker, crypto exchanger, or manager—they will be able to acquire such assets in the amount of 300 thousand rubles per year." ### Which Coins, and Why Only Three The draft names exactly three tokens cleared for public exchange trading: **Bitcoin**, **Ethereum**, and **Tether's USDT**. The central bank tied the short list to a law signed this month. "The list of digital currencies that the trading organizer is entitled to admit for public circulation on organized trading platforms (hereinafter referred to as the 'List'): Bitcoin (Bitcoin), Ethereum (Ethereum), Tether USDT (Tether USDT)." the notice reads. The filter is **liquidity and track record**. Under the new federal law on digital currencies, a coin's market cap, average daily volume, and at least five years of pricing history on foreign platforms decide if it qualifies. "To protect non-qualified investors from sharp and unpredictable fluctuations in cryptocurrency rates, only the most liquid of them will be available to them," the bank said. The cap itself is written into the directive's operative text. "The maximum amount of the total value of digital currencies acquired through a broker during the calendar year amounts to 300 thousand rubles," Article 2 states. **XRP**, the cryptocurrency created by the founders of payments company Ripple in 2012, has been left off the approved list for now. The token would seemingly qualify given the criteria, but XRP over the years has gone through regulatory troubles—stemming from a since-settled SEC lawsuit against Ripple—that caused the token to be delisted and then relisted on several exchanges, which could be playing a factor. ### Retail Gets a Door; Whales Get the Market Qualified investors—Russia's wealthier, accredited class—face none of these walls. "Qualified investors will be able to acquire all cryptocurrencies that will be traded on the exchange and over-the-counter markets, without restrictions," the notice says. Before any trade, though, everyone takes a test. "All investors, regardless of their status, will need to pass testing and familiarize themselves with the risks of investing in cryptoassets." The move follows the central bank's earlier steps to open crypto to wealthy investors, and lands as Tether's role draws scrutiny—the stablecoin issuer has frozen millions in USDT tied to sanctioned Russian exchanges. The Bank of Russia accepts comments until Aug. 24, and the directive takes effect 10 days after its official publication, signed by Governor Elvira Nabiullina.]]></description> <author>contact@bitcointoday.app (BitcoinToday.app)</author> <category>russia</category> <category>cryptoregulation</category> <category>bitcoin</category> <category>ethereum</category> <category>usdt</category> <enclosure url="https://cdn.decrypt.co/resize/1024/height/512/wp-content/uploads/2025/07/russia-moscow-red-square-kremlin-decrypt-style-gID_7.jpg" length="0" type="image/jpg"/> </item> <item> <title><![CDATA[XRP Price Stuck in Death Cross as Clarity Act Hopes Fade: What's Next?]]></title> <link>https://www.bitcointoday.app/article/xrp-price-stuck-in-death-cross-as-clarity-act-hopes-fade-whats-next</link> <guid>xrp-price-stuck-in-death-cross-as-clarity-act-hopes-fade-whats-next</guid> <pubDate>Mon, 10 Aug 2026 20:01:14 GMT</pubDate> <description>< The trajectory is the story. On the daily chart, XRP has logged lower highs and lower lows for weeks, bleeding from the late-June area near $1.3, down to where it sits now. The July 21 Clarity pop that briefly tagged $1.15 failed and rolled straight back over. That bounce now looks exactly like what bull traps are supposed to look like, not a trend change. Price isn't building a base; it's drifting just above the $1.0128 floor, and a market this trendless can compress longer than most traders expect. The average price of the last 50 days (EMA50) still sits below the 200-day average (EMA200), in the formation traders call a death cross. Exponential moving averages smooth out average price over a set period; when the shorter-term average trades under the longer-term one, it tells you the medium-term trajectory remains down. Bulls need a daily close back above the EMA cloud to change that reading structurally, and they don't have it. To achieve this, XRP would need to spike at least more than 8%. The Relative Strength Index, or RSI, reads 38.2. RSI is a momentum gauge on a 0–100 scale: above 70 is overbought, below 30 is oversold. At 38.2, XRP is below the neutral 50 line and leaning bearish, but not yet in the oversold zone that tends to attract bargain hunters. The Squeeze Momentum Indicator is off, which means there is still some structure in the bearish trend. With the squeeze inactive and momentum negative, there's no volatility coil loading to fire XRP upward. That's not the signature of a squeeze about to fire upward. The Average Directional Index, or ADX, sits at 14.6. ADX measures trend strength regardless of direction; readings under 20 mark a directionless, choppy tape where false breakouts and stop hunts are common. At 14.6 the trend has no real conviction behind it—though the directional indicators tilt bearish (DI- sits above DI+), which lines up with the death cross rather than fighting it. The bull case: a daily close back above the Fibonacci resistance at $1.0486 is the first proof buyers are showing up, opening a run at the EMA cloud and then the golden zone at $1.0887–$1.1066. That requires the Clarity Act story to reaccelerate, not just linger. The bear case: XRP loses the $1.0128 swing low and the round $1.00 figure gives way, which opens a measured move toward the lower-$0.90s. The death cross and the negative Squeeze momentum both point the same way. For now, the path of least resistance does not appear to be up. The bull case exists, but it's thin. XRP is a Clarity Act proxy trading like the bill's odds just fell to 21%, and the chart underneath agrees. *Disclaimer: The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.*]]></description> <author>contact@bitcointoday.app (BitcoinToday.app)</author> <category>xrp</category> <category>clarityact</category> <category>deathcross</category> <category>technicalanalysis</category> <category>cryptocurrency</category> <enclosure url="https://cdn.decrypt.co/resize/1024/height/512/wp-content/uploads/2025/07/xrp-decrypt-style-whatever-number-it-is-1-gID_7.jpg" length="0" type="image/jpg"/> </item> <item> <title><![CDATA[Standard Chartered Predicts Chainlink to Soar to $200 by 2030, Fueled by $4T Tokenization]]></title> <link>https://www.bitcointoday.app/article/standard-chartered-predicts-chainlink-to-soar-to-200-by-2030-fueled-by-4t-tokenization</link> <guid>standard-chartered-predicts-chainlink-to-soar-to-200-by-2030-fueled-by-4t-tokenization</guid> <pubDate>Mon, 10 Aug 2026 14:01:15 GMT</pubDate> <description><![CDATA[Standard Chartered has initiated coverage of Chainlink with a price target of $200 by the end of 2030, implying a roughly 25-fold gain from around $8 today and outperformance of both Bitcoin and Ethereum over the period. Geoff Kendrick, the bank's global head of digital assets research, laid out staged targets in a note published Monday: $13 by the end of this year, then $41, $82 and $133 before reaching $200. The same note pencils in Bitcoin at $500,000 and Ethereum at $40,000 by end-2030. Kendrick expects the value of tokenized assets on-chain to climb roughly 12-fold to $4 trillion by end-2028 from about $340 billion now, and assets deployed in DeFi to grow 37-fold to $2.7 trillion by 2030. Because Chainlink charges for delivering data and moving assets between chains, the bank estimates its fees should rise about 25 times over that period, and assumes the token price follows fees. Chainlink's incumbency is the other half of the argument. The note puts its total value secured above $110 billion, covering roughly 70% of oracle-dependent value in DeFi globally and more than 80% on Ethereum. Aave V3 alone accounts for 44% of that secured value. ## Wall Street on the client list Kendrick named Swift, DTCC, Euroclear, JP Morgan, Mastercard, UBS, Fidelity and S&P Global among institutions using Chainlink services, and expects off-chain customers to become a growing share of fees. Tokenized funds and bonds need net asset values, rates and reserve attestations, making them more data-hungry than crypto-native assets. On interoperability, Chainlink still trails LayerZero. The note says more than $7 billion in token value has moved from legacy bridges to Chainlink's CCIP since a $292 million exploit in April, with quarterly CCIP volume reaching $4.9 billion in the second quarter, up 353% year on year. Decrypt reported in May that KelpDAO blamed LayerZero for that exploit and planned to rebuild on Chainlink, a characterization LayerZero disputes. The note is the latest in a run of DeFi initiations from Kendrick, all built on the same 37-fold forecast. He set targets of $100 for Uniswap and $3,500 for Aave in June, and $60 for Morpho in July. UNI jumped double digits after its note landed. Chainlink’s response has been more muted, with LINK currently trading at $8.25, down 0.8% on the day, per CoinGecko data. Risks flagged in the note include institutional tokenization scaling more slowly than expected, pilots failing to become recurring production workflows, specialist providers taking share, and technical failures denting confidence.]]></description> <author>contact@bitcointoday.app (BitcoinToday.app)</author> <category>chainlink</category> <category>standardchartered</category> <category>tokenization</category> <category>defi</category> <category>priceprediction</category> <enclosure url="https://cdn.decrypt.co/resize/1024/height/512/wp-content/uploads/2025/09/chainlink-decrypt-style-01-gID_7.jpg" length="0" type="image/jpg"/> </item> <item> <title><![CDATA[The Hidden Number That Signals Michael Saylor's Bitcoin Selling Spree Is Almost Over]]></title> <link>https://www.bitcointoday.app/article/the-hidden-number-that-signals-michael-saylors-bitcoin-selling-spree-is-almost-over</link> <guid>the-hidden-number-that-signals-michael-saylors-bitcoin-selling-spree-is-almost-over</guid> <pubDate>Sun, 09 Aug 2026 20:01:31 GMT</pubDate> <description>< ## The Selling Spree, By the Numbers On-chain tracker Lookonchain reported that wallets believed to belong to Strategy transferred 1,030 BTC — worth roughly $66.14 million — on Wednesday. Strategy hasn’t confirmed that specific transaction, but the company routinely discloses weekly transactions in Monday filings, so official confirmation is still pending as of this writing. Here’s what’s rattling crypto markets: Saylor has said publicly that Strategy’s buying pressure is a meaningful reason bitcoin trades as high as it does. Regular selling flips that dynamic, and investors are reasonably asking whether sustained outflows from the market’s largest corporate holder could weigh on price further. The sales themselves aren’t flattering, either: | Metric | Figure | |--------|--------| | Last week’s average sale price | $63,957 | | Strategy’s average acquisition cost | $75,419 | | Implied loss per BTC sold | ~$11,462 (15.2%) | **Selling below cost basis isn’t a sign of confidence. It’s a sign of necessity.** ## What It Would Take for the Selling to Stop Here’s the more encouraging data point. The preferred stock’s par value — the benchmark Strategy has tied to resuming bitcoin purchases — bottomed near $70 in June. It closed Friday at $95.18, up 35% from that low, and climbing steadily back toward its $100 par value. Strategy has indicated it wants STRC back at par before bitcoin buying resumes. Reaching $100 probably won’t flip the switch immediately — the company will likely want to see price stability well above that threshold before committing new capital to Bitcoin again. Granted, that means another disclosed sale next Monday wouldn’t necessarily contradict this thesis. But the trajectory itself — a 35% recovery in roughly two months — is the strongest signal yet that Strategy’s selling pressure has a defined off-ramp, not an open-ended mandate. ## Key Takeaway Strategy’s bitcoin sales aren’t random — they’re funding a specific obligation (STRC dividends) with a specific resolution condition (STRC returning to par value). That condition is 35% closer to being met than it was in June. Investors watching Strategy for signs the selling has run its course should treat the preferred stock’s climb toward $100 — not any single week’s transaction — as the number that actually matters.]]></description> <author>contact@bitcointoday.app (BitcoinToday.app)</author> <category>michaelsaylor</category> <category>strategy</category> <category>bitcoinsales</category> <category>preferredstock</category> <category>marketsentiment</category> <enclosure url="https://247wallst.com/wp-content/uploads/2025/01/GettyImages-1321733357-scaled.jpg" length="0" type="image/jpg"/> </item> <item> <title><![CDATA[Bitcoin and Ether ETFs See $1.1B Inflows: Is the Coldcard Hack Fueling the Rally?]]></title> <link>https://www.bitcointoday.app/article/bitcoin-and-ether-etfs-see-11b-inflows-is-the-coldcard-hack-fueling-the-rally</link> <guid>bitcoin-and-ether-etfs-see-11b-inflows-is-the-coldcard-hack-fueling-the-rally</guid> <pubDate>Sat, 08 Aug 2026 20:01:13 GMT</pubDate> <description><![CDATA[## Bitcoin and Ether ETFs See $1.1B Inflows: Is the Coldcard Hack Fueling the Rally? U.S. spot bitcoin and ether ETFs saw a combined **$1.1 billion in inflows** last week, marking the strongest week for either category since April, according to The Block's analysis of SoSoValue data. ### Bitcoin ETFs Lead the Charge Spot bitcoin ETFs took in about **$853.5 million**, their largest weekly total since the week ending April 17, which saw $996.4 million in inflows. Notably, bitcoin ETFs recorded inflows in all five trading sessions, led by $244.4 million on Wednesday and $211.5 million on Tuesday. **BlackRock's IBIT** accounted for a whopping **$693.7 million** of the total BTC fund inflows, representing over 80% of the total. Fidelity's FBTC followed with $116.4 million, making the two largest bitcoin funds the primary beneficiaries. ### The Coldcard Exploit Connection Eric Balchunas, senior ETF analyst at Bloomberg Intelligence, pointed out that **IBIT, FBTC, and several other funds have drawn inflows every day since the Coldcard hack**, making it "hard not to see causation in the correlation." He mused that it would be "ironic, but somehow on brand, if the hack of btc in cold storage (seemingly worst [possible] situation) marked the beginning of next run." The exploit, which surfaced July 30, has led to at least **$111 million in thefts**, with estimated losses potentially exceeding $130 million. The hack drove record inflows to centralized exchanges and triggered a panic onchain, with about **890,000 BTC moving** over seven days, a 2026 high. However, the Coldcard narrative is complicated by the fact that **ether ETFs also posted their best week since April**, despite ether holders having no exposure to a Bitcoin-only hardware wallet vulnerability. The inflow run for ether ETFs began on Aug. 3, several days after the vulnerability was disclosed. Bitcoin rose about 3% on the week, touching an August high above $65,300 on Friday following a massive U.S. jobs miss, which traders interpreted as reducing the likelihood of a September rate hike. ### Ether Funds Extend Positive Run to Five Weeks Spot ether ETFs have now logged **five consecutive positive weeks**, their longest run of 2026. Thursday produced the largest daily gain at $92.2 million, while Monday's $11.4 million outflow was the only negative session. The funds held **$10.74 billion in net assets** Friday against $11.46 billion in cumulative net inflows, leaving them about $711 million underwater on a mark-to-market basis. That gap has narrowed from roughly $2.0 billion in mid-June. Meanwhile, **whales are aggressively accumulating ETH**, with wallets holding between 10,000 and 100,000 ETH increasing their balances to a record **19.6 million ETH** from about 14 million ETH in mid-2025, according to CryptoQuant. ### Volume Remains Near Multi-Year Lows Despite the inflows, trading volume remains subdued. Bitcoin ETF trading volume totaled about **$8.19 billion** on the week, down 9% from the previous week's $9.02 billion. That's the second-lowest full trading week since October 2024. Ether ETF volume came to roughly $2.38 billion, down about 21% from the prior week.  ### 2026 Losses Persist The rebound has not erased the funds' overall losses for 2026. Bitcoin ETFs remain at approximately **$4.44 billion in net outflows** since the start of the year, while ether ETFs are down roughly $873 million. Bitcoin traded near $65,100 on Saturday morning, while ether changed hands around $1,920.]]></description> <author>contact@bitcointoday.app (BitcoinToday.app)</author> <category>bitcoinetf</category> <category>etheretf</category> <category>inflows</category> <category>coldcardhack</category> <category>marketsentiment</category> <enclosure url="https://www.tbstat.com/wp/uploads/2023/08/20230726_BitcoinVEthereum_News-1200x675.jpg" length="0" type="image/jpg"/> </item> <item> <title><![CDATA[Bitcoin Holders Beware: Selling Forked Coins from BIP-110 Could Cost You Real BTC]]></title> <link>https://www.bitcointoday.app/article/bitcoin-holders-beware-selling-forked-coins-from-bip-110-could-cost-you-real-btc</link> <guid>bitcoin-holders-beware-selling-forked-coins-from-bip-110-could-cost-you-real-btc</guid> <pubDate>Sat, 08 Aug 2026 07:01:14 GMT</pubDate> <description>< A replay does not drain the wallet. Only the coins put up for sale move, and they leave as real bitcoin rather than the fork version, with a transaction fee paid on both chains. Bitcoin developer **Kevin Loaec**, who flagged the risk on X this week, said large holders could be targeted first. Doing nothing will be a safer option, he stated, as coins that never move cannot be replayed because there is no signed transaction to copy. ## How BIP-110 Makes This Possible The reason any of this is happening is a proposal called **BIP-110**, which would keep pictures, text and other non-payment data out of bitcoin transactions for a year. Changing bitcoin's rules requires miners to agree, and they register that agreement by marking the blocks they produce. BIP-110 needs 1,109 marked blocks out of a 2,016-block stretch, or 55%. (A block is the batch of transactions miners add to the ledger roughly every ten minutes.) That route is closed but the proposal has a second one written into it. From block 961,632, expected this weekend, computers running BIP-110 software will reject any block that does not carry the mark, whether miners agreed or not. Almost every block being mined right now does not carry it. So those computers will start rejecting the chain that nearly all of bitcoin's mining power is building. If some miners continue building a BIP-110-compatible branch while the rest keep mining bitcoin as usual, two competing versions of the transaction history could emerge. It stalls if nobody keeps extending the minority branch, it stalls. Such an imbalance makes a split possible rather than certain. **Miner signalling is running near 2.6%** as on Friday, trackers show. That node share does not translate into mining power, however, as with signalling this low, a minority branch could produce blocks very slowly or stop advancing altogether. As such, if one does emerge, every bitcoin holder initially has the same balance on both chains. The second copy may be worth little or nothing, and somebody may still offer to buy it. Separating the two balances is harder at first because the fork provides no automatic replay protection. BIP-110's actual restrictions on transaction data do not switch on until block 965,664, expected around the start of September. Before then, holders would need to deliberately create coins that exist on only one branch before spending safely. Timing depends on how quickly blocks are found, so the mandatory-signalling window could begin a day earlier or later than current estimates.]]></description> <author>contact@bitcointoday.app (BitcoinToday.app)</author> <category>bitcoin</category> <category>bip-110</category> <category>replayattack</category> <category>fork</category> <category>security</category> <enclosure url="https://cdn.sanity.io/images/s3y3vcno/production/61a9559ef27c28600826f6691b0424ccfd776182-1500x1000.jpg?auto=format&fit=crop&crop=focalpoint&w=1920&h=1080&q=75" length="0" type="image/jpg"/> </item> </channel> </rss>