Latest news with #Bitcoin-based
Business Wire
4 days ago
- Business
- Business Wire
Core Leads Bitcoin Track at Permissionless IV Amid Growing Institutional Interest
SINGAPORE--(BUSINESS WIRE)-- The Core Foundation, the entity powering Core, the leading Bitcoin scaling protocol, is set to present the most exciting Bitcoin track at Permissionless IV, one of the industry's largest builder and developer gatherings, taking place June 24–26. As institutional and developer interest in Bitcoin-based applications grows, Core is anchoring key conversations on Bitcoin's expanding financial use cases, through curated panels, fireside chats, and community showcases. Bitcoin Track Curated by Core On June 24 at Permissionless IV, there will be a dedicated Bitcoin Track presented by Core, spotlighting key voices driving the next chapter of Bitcoin, from DeFi and credit markets to scaling debates and infrastructure design. The afternoon kicks off with 'Bitcoin DeFi: Making BTC a Productive Asset' (1:30–2:10pm), a deep dive into structured yield and Bitcoin-native credit markets. Speakers include Darren Mims (Blockworks Research), Sid Powell (Maple), Brendon Sedo (Core), Jacob Phillips (Lombard), and MacLane Wilkison (Threshold Network), who explore how institutional appetite for BTC as collateral is evolving. Next up, from 2:10–2:30pm, 'How Should Bitcoin Scale?' pits different approaches against each other in a lively debate featuring Simanta Gautam (Alpen Labs), Willem Schroe (Botanix), and Macauley Peterson (Blockworks). At 2:30pm, Pete Rizzo (Blockworks) moderates 'Where to Build in the Bitcoin Network,' a conversation with Rich Rines (Core), Jeff Garzik (Hemi), and Muneeb Ali (Stacks) on how to approach L2s, smart contract layers, and modular execution on Bitcoin. From 3:10–3:30pm, the spotlight shifts to energy and infrastructure in 'Bitcoin & The Energy to Compute Value Chain' with Meltem Demirors (Crucible) and Michael Bucella (Neoclassic Capital). The day wraps up with a technical session at 3:30pm: 'The Core Dev's Guide to Bitcoin Network Upgrades,' led by Hunter Beast (Anduro), Jeremy Rubin (Judica), and William Foxley (Blockspace Media), offering a look at the mechanics and trade-offs behind proposed improvements to the Bitcoin base layer. On June 25 from 11:50am–12:10pm, Rich Rines, Initial contributor at Core, will deliver a main stage keynote titled 'The PoS Layer for Bitcoin'. He will outline how Core's infrastructure enables native Bitcoin staking while preserving the security guarantees of Bitcoin's base layer. The Bitcoin Yield House: A Dedicated Bitcoin Lounge In addition to the mainstage programming, Core will host its own Bitcoin Yield House to foster more intimate dialogue and networking across the Bitcoin ecosystem: June 25 2:00pm: Fireside: lstBTC & Institutional Bitcoin Adoption 3:00pm: Fireside: Why the Next Capital Supercycle Starts with Bitcoin? June 26 2:00pm: Panel: Activating Retail Through BTCfi Ecosystem 3:00pm: Fireside: The Rise of BTCfi as a Bitcoin Everything Chain. Each day's sessions are preceded by dedicated mingle hours to foster informal conversation and ecosystem connections. Permissionless is the right forum to highlight how builders and institutions are activating Bitcoin in new ways, from dual staking to Bitcoin yield strategies. With discussions touching on Bitcoin's evolving role, the 2025 edition of Permissionless underscores a renewed industry focus on Bitcoin-native innovation, and Core's central role in that discussion. About Core Core is the leading Bitcoin scaling solution, transforming idle Bitcoin into a productive, yield-generating asset that powers Bitcoin DeFi at scale. Core's Self-Custodial Bitcoin Staking allows holders to timelock Bitcoin directly on the Bitcoin blockchain to earn rewards, without taking on new risk. This trustless yield mechanism helps to secure the high-performance, EVM-compatible Core blockchain, where users can access an expanding universe of Bitcoin-focused decentralized applications. Core powers first-of-their-kind products like Valour's yield-bearing Bitcoin ETP and lstBTC, the first liquid, yield-generating Bitcoin asset. The network supports over $500M in DeFi TVL, backed by 7,000+ timelocked Bitcoin and ~75% of Bitcoin mining hash power. Permissionless
Yahoo
11-06-2025
- Business
- Yahoo
Michael Saylor dares JP Morgan and Berkshire Hathway to compete
Michael Saylor dares JP Morgan and Berkshire Hathway to compete originally appeared on TheStreet. Strategy (Nasdaq: MSTR) co-founder and executive chairman Michael Saylor has dared Wall Street giants such as JP Morgan Chase and Berkshire Hathaway to compete in the Bitcoin economy. He said: "I welcome the competition from JP Morgan." The preferred stocks that Strategy offers — STRK, STRF, and STRD are tied to Bitcoin's measured performance and a fraction of its volatility, allowing the company to issue what Saylor called "the most liquid preferred stocks in the world with the highest performance." The advantage Strategy holds is that it is a 100% Bitcoin company, he underlined. Saylor added that he deemed it impossible for a company to issue Bitcoin-backed convertible or fixed preferred stocks unless it was willing to turn its entire balance sheet Bitcoin-based. He added: "So I'm not really worried about competition from JP Morgan or Berkshire Hathaway." The Bitcoin bill said he would love to see these established institutions purchase the cryptocurrency. But when they will purchase it, they'll be paying $1 million per Bitcoin for the acquisition, he warned: "The price will go to the moon." Saylor made these remarks in an interview with Bloomberg Crypto on 10 June. He added that Bitcoin's epic rally will be good for the entire crypto economy, including everyone holding any Bitcoin-backed equity or credit based instruments. The Strategy chairman also addressed JP Morgan CEO Jamie Dimon and Berkshire Hathaway CEO Warren Buffett characterizing Bitcoin as "worthless" and 'rat poison squared' respectively. The Bitcoin advocate argued that people even called electricity and airplanes worthless in the beginning because they didn't understand the new technologies. Saylor's Strategy began acquiring Bitcoin in 2020 and is the world's largest corporate Bitcoin holder today. As per Kraken, Bitcoin was trading at $109,698.76 at press time. Michael Saylor dares JP Morgan and Berkshire Hathway to compete first appeared on TheStreet on Jun 11, 2025 This story was originally reported by TheStreet on Jun 11, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
06-06-2025
- Business
- Yahoo
Cardano's ADA Finds 'Strong Support' After Dramatic Price Swings Amid Heightened Volatility
The cryptocurrency market is experiencing heightened volatility amid an escalating feud between President Donald Trump and his former head of the Department of Government Efficiency, Elon Musk, over the state of the U.S. economy. Cardano's ADA ADA has also seen extreme price swings amid market uncertainties. After dropping from $0.688 to $0.621, ADA found strong support and rebounded, forming an ascending channel with resistance at $0.644, according to CoinDesk Research's technical analysis model. The technical indicators suggest a potential renewed bullish momentum as the cryptocurrency reclaims the $0.640 level with decreasing volatility. At press time, ADA is trading at $0.66, down about 1.8% over the past 24 hours, while the broader market gauge CoinDesk 20 Index fell 1%. Some recent news within the ADA ecosystem has provided the market with potential catalysts for the token. Institutional interest in the Cardano blockchain continues to grow, with Franklin Templeton, a $1.6 trillion asset manager, now running Cardano nodes. Additionally, Norway's NBX has recently partnered with Cardano to build Bitcoin-based DeFi, highlighting the blockchain's secure design for institutional adoption. The successful execution of the first Bitcoin-to-Cardano transaction involving Ordinals marks a significant milestone that could potentially unlock $1.5 trillion in cross-chain trading opportunities. Technical Analysis Highlights Sharp decline from $0.688 to $0.621 (10.29% drop) occurred on exceptionally high volume. Strong support zone established at $0.620-$0.623 where buyers aggressively stepped in. Recovery formed an ascending channel with resistance at $0.644. Overall range of $0.070 (10.29%) highlights the extreme market conditions. Potential renewed bullish momentum as ADA reclaimed the $0.640 level with decreasing volatility. Hourly price action showed a possible recovery pattern from $0.641 to $0.643. Short-term resistance level established at $0.643-$0.644. Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
Yahoo
04-06-2025
- Business
- Yahoo
Bitcoin Hedge Theory Meets a Harsh Boardroom Reality
Shareholder proposals asking Microsoft and Meta to simply assess Bitcoin for their corporate treasuries were rejected by over 99% of voters. Both companies' boards opposed the proposals, claiming they already review all cash management options including cryptocurrencies. The lopsided votes may still serve a purpose by forcing more financial heavyweights to at least start thinking about Bitcoin as a long-term investment. 10 stocks we like better than Bitcoin › The Bitcoin (CRYPTO: BTC) whitepaper compared the cryptocurrency to physical gold in 2008. 17 years later, the cryptocurrency seems ready to take on a more gold-like role in the global economy. But it's not all good news. A couple of tech giants have recently demonstrated that the traditional business world still lags behind in embracing Bitcoin as a long-term general asset. Here's what crypto investors need to know about this development. The Bitcoin platform has earned some Street cred in recent years. Large-scale investors have access to exchange-traded funds (ETFs) based on spot Bitcoin prices. These spot Bitcoin funds have nearly $121 billion of digital assets under management in June 2025. Some of the most significant buys of these ETFs come from old-school financial giants such as Goldman Sachs (NYSE: GS) and Morgan Stanley (NYSE: MS). Massive companies like Tesla (NASDAQ: TSLA) and Block (NYSE: XYZ) have converted hundreds of millions of dollars into Bitcoin. Running even further ahead of the crypto trend, Strategy (NASDAQ: MSTR) is more of a Bitcoin investment vehicle than a software developer nowadays. The company formerly known as Microstrategy has built a $61.7 billion Bitcoin portfolio with mostly borrowed money and shareholder funds. The Trump administration included crypto support in its campaign messages, and is indeed taking some industry-friendly steps already. There is now an official Strategic Bitcoin Reserve and a smaller Digital Asset Stockpile for other cryptocurrencies. Also, this iteration of the Securities and Exchange Commission looks ready to approve crypto-investing policies that the previous group kept kicking down the road. These political twists have to be good news for Bitcoin owners. Bitcoin-based investments used to be pure high-risk ideas, with sky-high beta values indicating massive volatility. That's no longer the case. Last year's ETF introductions and Bitcoin halving event threw some cold water on the cryptocurrency's volatility. Recently, Bitcoin ETFs have explored negative beta values, suggesting that this asset often moves in the opposite direction of the American stock market. That's taking the hedging thesis to a new extreme. Low beta values signify below-average price swings, while negative ones belong to investments that often move in direct opposition to the stock market. Long story short, there are many reasons to treat Bitcoin as an effective market hedge nowadays. The largest and oldest cryptocurrency can counterbalance many quirks in the American and global economy. Inspired by these newfound stability qualities, activist investors have been asking some of the world's largest tech titans to buy some Bitcoin. Actually, not even that -- two different groups asked Microsoft (NASDAQ: MSFT) and Meta Platforms (NASDAQ: META) to just look into the idea. The proxy statements for both companies' annual shareholder meetings asked the board of directors to simply assess whether some Bitcoin exposure would be good for shareholders. As usual, Meta and Microsoft opposed these proposals. Microsoft's board recommended shareholders to vote against the measure, since the company already considers every cash management option -- including Bitcoin. Meta's board offered the same recommendation, citing its own comprehensive review of every reasonable idea. "While we are not opining on the merits of cryptocurrency investments compared to other assets, we believe the requested assessment is unnecessary given our existing processes to manage our corporate treasury," the recommendation ended. Putting these Bitcoin proposals on the proxy statements didn't exactly change the game. The policy assessment requests got almost no support from shareholders. Microsoft's vote results were published in December 2024. Every shareholder proposal fell short of approval. The top performers got more than 30% approval ratings, but the Bitcoin topic fell between the cracks with just 0.55% "yea" votes. It was Meta's turn to vote on this stuff last Wednesday. A few proposals got the thumbs-up vote from at least 20% of shareholders, but the Bitcoin assessment was barely there. Approval rating: 0.08%. I mean, that's barely a shadow of a forgotten thought experiment. At first glance, the overwhelming downvotes look like a total condemnation of Bitcoin as a hedging instrument. Fractions of a single percent simply don't show any real support for that idea. Take your Bitcoin and go home, dear activist investors. But there's more nuance to this situation. The negative company board recommendations came with careful language explaining that they're already thinking about this stuff anyway. Therefore, some investors may simply be satisfied with the ordinary review of financial management options -- if Bitcoin ever becomes a no-brainer wealth management holding, the strategic committees of the world's largest tech giants will surely figure it out and take action. At the same time, there's some truth to the anti-Bitcoin sentiment seen in these lopsided votes. The vast majority of Microsoft and Meta Platforms shares are held by institutional investors, led by ETF managers and retirement fund portfolios. Getting the first hint of Bitcoin investment support from those groups should drive Bitcoin prices dramatically higher in a hurry -- but the mega-investors aren't ready to make that commitment yet. All in all, I find the lack of investor support surprising but the proposals may have served a worthwhile purpose anyhow. Just asking people to think about Bitcoin as a long-term investment could have positive long-term effects. In this early stage, lots of investors just haven't taken Bitcoin seriously yet. If each vote proposal got just one more financial heavyweight to start thinking in those terms, I'd say it was worth the mountains of proxy-filing paperwork. Before you buy stock in Bitcoin, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Bitcoin wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $656,825!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $865,550!* Now, it's worth noting Stock Advisor's total average return is 994% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 2, 2025 Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. Anders Bylund has positions in Bitcoin. The Motley Fool has positions in and recommends Bitcoin, Block, Goldman Sachs Group, Meta Platforms, Microsoft, and Tesla. The Motley Fool recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy. Bitcoin Hedge Theory Meets a Harsh Boardroom Reality was originally published by The Motley Fool Sign in to access your portfolio
Associated Press
27-05-2025
- Business
- Associated Press
Colle AI Amplifies Bitcoin Use to Fuel Cross-Chain NFT Distribution Efficiency
Enhanced Bitcoin capabilities enable faster, more efficient NFT creation, transfer, and automation across multichain ecosystems Singapore, Singapore--(Newsfile Corp. - May 27, 2025) - Colle AI (COLLE), the multichain AI-powered NFT platform, has expanded its Bitcoin integration to boost the speed and efficiency of cross-chain NFT distribution. This strategic enhancement allows creators to leverage Bitcoin's network strength while maintaining seamless interoperability with other major chains. [ This image cannot be displayed. Please visit the source: ] Scale the NFT creation with Colle AI's fast, intelligent multichain platform. To view an enhanced version of this graphic, please visit: The updated infrastructure improves asset routing and wrapping for Bitcoin-based NFTs, enabling faster transfers and smoother interaction with Ethereum, Solana, BNB Chain, and XRP. With Colle AI's real-time automation engine, creators can now design and launch NFTs backed by Bitcoin while enjoying intelligent deployment logic and reduced operational complexity. Colle AI's intelligent backend optimizes UTXO-based handling and ensures consistent asset behavior across networks. This improvement simplifies the technical requirements of Bitcoin-powered NFTs, giving creators and developers the tools to scale projects with speed and precision. By amplifying Bitcoin's role in its multichain system, Colle AI reinforces its commitment to efficient, AI-driven NFT creation—bringing together performance, accessibility, and innovation across the evolving Web3 landscape. About Colle AI Colle AI leverages AI technology to simplify the NFT creation process, empowering artists and creators to easily transform their ideas into digital assets. The platform aims to make NFT creation more accessible, fostering innovation in the digital art space. Media Contact Dorothy Marley KaJ Labs +1 707-622-6168 [email protected] Social Media Twitter Instagram To view the source version of this press release, please visit
