Texas Governor Signs SB 21, Becoming the Third State to Establish a Bitcoin Reserve

PANews reported on June 22 that the World Foundation tweeted that it will issue 1 million WLD retroactive rewards to early mini-program developers. Eligible builders must meet the following criteria:

The post A Blockchain Platform Where DApps Can Achieve High-Speed And Low-Latency Interactions appeared on BitcoinEthereumNews.com. IOST (Internet of Services Token) is a cryptocurrency and blockchain platform designed to provide a scalable and efficient infrastructure for building decentralized applications (DApps). IOST tries to address some of the scalability and performance challenges faced by existing blockchain networks by introducing innovative consensus mechanisms and technologies.  Proof of Believability It uses a unique consensus mechanism called “Proof of Believability” (PoB), which aims to improve network scalability while maintaining security and decentralization. PoB enables faster transaction confirmation times and higher throughput compared to some traditional blockchain networks, making IOST suitable for high-frequency transactions. Moreover, IOST implements sharding, a technique that divides the network into smaller shards to process transactions in parallel, further enhancing scalability. Gas-free transactions IOST introduces a concept called “Gas-Free Services,” allowing DApp users to interact with DApps without paying transaction fees. Developers can choose to subsidize user transactions. The platform also supports decentralized identity solutions, enabling users to have control over their personal data and digital identities. IOST is the native utility token of the IOST platform. It is used for transactions, staking, voting, and participating in the platform’s ecosystem. IOST token holders can participate in network governance and consensus by staking tokens and voting for validators. Disclaimer. This article is for informational purposes only and should not be viewed as an endorsement by CoinIdol. They are not a recommendation to buy or sell cryptocurrency. Readers should do their research before investing in funds. Source: https://coinidol.com/iost-internet-of-services-token/

The post Capital Group’s $1 Billion Bitcoin Bet Soars to $6 Billion appeared on BitcoinEthereumNews.com. Capital Group’s $1 billion Bitcoin investment grew to $6 billion by combining traditional value investing with deep crypto market research and risk management. Capital Group, a well-known investment firm with a long history, has made big news in the crypto world. The company is 94 years old and it is famous for being careful and traditional. However, it took a bold step of investing $1 billion in Bitcoin-related stocks. Now, that investment is worth more than $6 billion. Capital Group Navigates Crypto Market with Value Investing Approach To begin with, Capital Group made a move into the Bitcoin space in 2021. The decision was spearheaded by Mark Casey, a senior portfolio manager who has worked at the firm for 25 years. Casey is known to adhere to the investing style of Benjamin Graham and Warren Buffett. Even so, he did see something special in Bitcoin. Instead of running away from it, he treated Bitcoin as a commodity, like gold or oil. This thinking helped to guide the firm’s strategy. For example, Capital Group invested heavily in a Bitcoin-focused company named Strategy. In 2021 it spent more than $500 million to purchase 12.3% of the company. Since then, however, Strategy’s stock price has soared. In the last five years alone it has increased by over 2,200%. Although the company later issued more shares, which lowered Capital Group’s stake to 7.89%, the value of the investment is now around $6.2 billion. This is a good example of how smart timing and research can pay big dividends. Related Reading: Ethereum MicroStrategy’ Bitmine Adds 46,255 ETH to Holdings | Live Bitcoin News In addition, Capital Group was investing in other Bitcoin-related firms. One example is Metaplanet, a Japanese hotel company that now has Bitcoin as a major part of its balance sheet. Capital Group…