Bitcoin Staking Piques Investors, ETFs Delayed
Where investors are looking more and more into Bitcoin, the SEC has once again delayed their verdict for Bitcoin ETFs
As expected, ETF approval from the SEC once again delayed. However, this does not stop investors looking for Bitcoin builders. With Bitcoin staking being the largest crypto builder investment this week, and Bitcoin wallet Xverse being one of the largest seed round investments in crypto this last month, investors seek to support expanding the Bitcoin economy. Let’s dive into this week’s building on Bitcoin.
Steven McClurg, the CIO of Valkyrie Investments, predicts Bitcoin spot ETF approval by Q1 2024.
Bitcoin staking piques investors’ interest with Stroom Network aiming to streamline Bitcoin staking with $3.5M raise.
Jack Dorsey’s ₿trust acquires African Bitcoin organization Qala.
BlackRock’s Bitcoin ETF, the 7th application, delayed by SEC on Aug. 31
Improved Bitcoin accounting rules: bloomberg Tax reported that the Financial Accounting Standards Board (FASB) is set to introduce new fair value accounting rules for Bitcoin and other cryptocurrencies.
Ordinals & Inscription
Parent-child inscriptions are merged to the official Ordinal wallet, providing an protocol level way for Ordinals to be grouped together as part of a collection.
OKX partners with ALEX DeFi to support Bitcoin Decentralized Finance.
Leonidas reports Ordinal related Bitcoin transactions the highest they ever been.
Bitcoin Wallet “Hiro Wallet” rebranded to Leather.
📢 Builders Watch: Liquid Uploaded a demo where Liquid Engineering Lead walks through how to create your own Liquid like sidechain.
El Salvador to introduce Bitcoin education in all schools by 2024.
According to the survey, the figures on Nigeria's crypto awareness are compelling as a remarkable 99% of respondents indicated their awareness of cryptocurrencies.
📢 Builders Watch: What can the Bitcoin Lightning Network Do For web3 Gaming.
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