Bitcoin Magazine Sets Standards for Bitcoin Layer 2
Bitcoin Magazine establishes criteria for Bitcoin Layer 2 protocols, emphasizing reliance on Bitcoin and exclusion of parasitic systems.
![image Cheng Yuan](https://image.coinlive.com/24x24/cryptotwits-static/d72925aa1ab0dd6c7c2d9d35f3cce279.png)
Bitcoin Magazine establishes criteria for Bitcoin Layer 2 protocols, emphasizing reliance on Bitcoin and exclusion of parasitic systems.
Debate ensues over Spot Bitcoin ETFs' impact. Bianco criticizes, citing loss of decentralization. Keiser counters, emphasizing Bitcoin's transformative power. Bitcoin price fluctuates, reaching $52,000 amid discussions.
Discussions about Bitcoin governance often focus on who is the ultimate decision-maker, with recurring candidates including miners, nodes, and investors. The purposes and mechanisms of governance are often only hinted at or even disconnected from reality.
The National Bitcoin Office of El Salvador (ONBTC) issued a statement stating that the Bitcoin bond "Volcano Bond" has been approved by the El Salvador Digital Assets Commission and is expected to be issued in the first quarter of 2024.
Snowden questions Dimon's intensified Bitcoin critique post-SEC approval of spot-based ETFs. Dimon, once indifferent, now calls Bitcoin a "pet rock." Bitcoin figures, including Saylor and Mow, respond on Twitter. Dimon expresses concerns about disruption and doubts on Bitcoin's limited supply.
Edward Snowden praised the historic approval of Bitcoin ETFs, highlighting computers' role in liberation. He acknowledged the SEC's decision, speculating that improved cryptocurrency perception in Congress might emerge as lawmakers recognize its support for pension funds. Snowden has previously commented on cryptocurrency-related issues, revealing his use of Bitcoin in 2013 to leak classified documents. The market responded positively to the ETF approval, with Bitcoin and Ethereum showing price increases. The SEC's decision is seen as a significant step in connecting traditional finance with the evolving cryptocurrency sector.
The Human Rights Foundation (HRF) has announced its most recent round of donations, which total $325,000 in BTC and are focused on supporting important components of the Bitcoin ecosystem.
As May draws to a close, the cryptocurrency market has started to develop itself — but not in the direction anyone had hoped.
Signs pointing to Bitcoin’s steady maturity and growth in the crypto space and beyond are undeniable, making a case for the cryptocurrency being the ultimate digital reserve asset.
A Bitcoin hostel under construction in Portugal reflects a growing trend of business built with more than just a digital currency in mind.