Binance Mining Pool Sets Nov. 10 Closure Deadline
The closure puts a firm deadline on miners, while Binance’s expansion into traditional-asset derivatives highlights its broader push beyond crypto markets.
Bitcoin (BTC) is the first decentralized cryptocurrency, introduced in 2009 by an individual or group operating under the pseudonym Satoshi Nakamoto. It runs on its own blockchain, the Bitcoin network, secured through a Proof of Work consensus mechanism in which miners use computing power to validate transactions and produce new blocks roughly every ten minutes. The protocol defines a hard cap of 21 million coins, and the block reward given to miners is automatically halved approximately every four years, embedding a predictable, disinflationary issuance schedule into the network. This scarcity, combined with permissionless access and resistance to censorship, has led many to characterize Bitcoin as a form of digital gold or a store of value distinct from traditional fiat currencies. Beyond peer-to-peer transfers, the Bitcoin ecosystem has expanded to include Ordinals, a method of inscribing data onto individual satoshis that enables NFT-like assets directly on the base layer, and BRC-20, an experimental fungible token standard built on those inscriptions. Emerging Bitcoin Finance (BTCFi) initiatives extend these capabilities further, allowing BTC to be used in staking, lending, and cross-chain security applications, positioning Bitcoin as a foundation for a broader decentralized financial ecosystem.
The closure puts a firm deadline on miners, while Binance’s expansion into traditional-asset derivatives highlights its broader push beyond crypto markets.
Share issuance and rising preferred claims temper the impact of Strive’s larger Bitcoin treasury, while Strategy’s preferred-share buybacks show a different capital priority.
Altcoins are lagging and derivatives positioning is shrinking, leaving the inflation report as a test of whether Bitcoin's resilience can hold across a cautious market.
The bank is bringing access to Bitcoin and Ethereum into existing bank accounts for eligible UAE clients, linking digital-asset trading with traditional banking.
The price remains trapped between its 50-day average near $81,000 and resistance at $84,000, with Nasdaq caution weighing on risk appetite.
The service folds trading, custody and settlement into the bank’s existing accounts, but access is initially limited to eligible Professional Investors.
The proposal could steer traders toward less transparent alternatives, while separate plans would require disclosure of large self-hosted wallets and extend tax rules to crypto holdings.
The service puts custody and settlement inside the bank’s own system, while Dubai’s VARA approval gives the launch a regulated foothold.
Markets are weighing the rate outlook against an impending U.S. inflation report, while Bitcoin dominance remains high at 57.9%.
Stablecoins may be changing the usual signal: their market share is currently helping keep Bitcoin dominance elevated.
The forecast faces a near-term test at $84,000 resistance, with ETF outflows and the October 14 U.S. inflation report shaping demand and risk appetite.
Fidelity's FBTC captured most of the Bitcoin total, while Ethereum Mini Trust led Ether inflows, pointing to demand across both asset classes.
Bitcoin’s decentralized governance can make upgrades slow, so Coinbase says technical protections should advance while the separate dispute over dormant coins is debated.
The transfers put nearly $97M of Bitcoin into five newly created wallets, though wallet receipts alone do not confirm who controls them or whether the BTC was bought.
Thursday’s US inflation report is the next test for rate expectations and Bitcoin’s shot at retesting $85,000, while oil’s climb adds a competing macro pressure.
The exchange says Bitcoin’s migration could take years, making adaptable designs and institutional custody compatibility central to preparations.
The plan pairs shareholder returns with a debt overhaul, but Bitcoin-backed borrowing would remain above management’s preferred limit even after repayment.
The 15% fixed dividend on SATS comes with an 18-month cash reserve, while the new preferred class ranks below Strive's existing SATA shares.
The view reinforces the corporate-treasury and institutional case for BTC, while offering no new price target or timing marker.
2.5K $BTC (≈206.8M) moved from unknown wallet to unknown wallet.
Bitcoin is the world's first decentralized cryptocurrency, created in 2009 by the pseudonymous Satoshi Nakamoto.
Bitcoin (BTC) launched on 2009-01-03.
Bitcoin (BTC) is categorised as: Smart Contract Platform, Layer 1 (L1), FTX Holdings.
The official Bitcoin site is http://www.bitcoin.org.
Most recent Bitcoin coverage: "Binance Mining Pool Sets Nov. 10 Closure Deadline" — read at /en-US/a/binance-mining-pool-sets-nov-10-closure-deadline.