#bitcointransaction

[unpluggedfinancial]

The Rise of Bitcoin Acceptance: A New Era in Financial Innovation

Introduction

Bitcoin, the world’s first decentralized cryptocurrency, has transformed the financial landscape since its inception in 2009. Its journey from an obscure digital asset to a mainstream financial instrument is nothing short of remarkable. This blog post explores the growing acceptance of Bitcoin, highlighting key legislative developments and significant holdings, including those by the U.S. government.

Oklahoma’s Landmark Bitcoin Bill

Oklahoma has made a landmark move by passing a bill to protect Bitcoin rights. Governor Kevin Stitt signed the bill into law on May 13, 2024. Championed by Representative Samuel Brian Hill and Senator Coleman, the legislation establishes key protections for Bitcoin and digital asset holders. Effective November 1, 2024, it ensures fundamental rights for individuals and businesses engaged in digital asset activities, positioning Oklahoma as a leader in the digital economy.

Dennis Porter, CEO and co-founder of the Satoshi Action Fund, highlighted the importance of state-level initiatives, stating, “Americans should wake up to the incredible political opportunity that is available at the state level. Throughout history, multiple movements and industries have utilized the states to deliver powerful victories for their cause. Now, Satoshi Action is poised to put the Bitcoin and digital asset ecosystem onto the same trajectory.”

Key Provisions of the Bill

The bill guarantees the right to self-custody, allowing individuals to securely hold their digital assets. It permits using Bitcoin and other digital currencies for transactions without additional taxes, aligning digital assets with traditional legal tender regarding tax treatment. This aims to streamline the use of cryptocurrencies in everyday transactions and foster a more inclusive financial environment.

Bitcoin Mining Protections

The bill supports Bitcoin mining by protecting the right to mine Bitcoin at home and through commercial operations. Oklahoma hopes to attract more blockchain businesses and investments by ensuring legal clarity and stability. The legislation prevents local governments from imposing restrictive measures specifically targeting mining activities, such as additional noise ordinances, while still adhering to general noise regulations.

Porter emphasized Oklahoma's stance: “Oklahoma has now placed its flag in the ground to show the world that they will protect the right for Bitcoiners to access the technology.”

The bill also stipulates that the Oklahoma Corporation Commission cannot create discriminatory rate schedules for mining companies, ensuring fair utility rates and encouraging sustainable and economically viable mining practices.

Advocacy and Future Impact

Dennis Porter and the Satoshi Action Fund were instrumental in advocating for the bill. They emphasize the importance of self-custody and the right to mine, arguing that these rights are fundamental to financial sovereignty and innovation. The Oklahoma Bitcoin Association, led by Storm Rund, was crucial in passing the bill, with significant contributions from Eric Peterson, Policy Director at Satoshi Action Fund.

When the bill takes effect on November 1, 2024, it sets a precedent for other states. Oklahoma positions itself at the forefront of the digital financial revolution by ensuring legal certainty. This legislation aims to attract blockchain businesses, drive innovation, and create economic opportunities, especially in rural areas. Oklahoma's proactive approach will likely inspire similar measures nationwide, solidifying its role as a leader in digital asset regulation.

U.S. Senate’s Resolution on SEC Crypto Rule

In a significant move on the federal level, the U.S. Senate passed a resolution on May 16, 2024, calling for the Securities and Exchange Commission (SEC) to strike down a rule affecting financial institutions dealing with crypto firms. The resolution nullifies the SEC’s Staff Accounting Bulletin No. 121, which required banks to keep customers’ digital assets on their balance sheets, with capital maintained against them. This rule had been widely criticized for stifling innovation.

“The tally, a stunning 60 ‘Yeas’ in the Senate vote, sends a strong signal that both houses of Congress, across the political divide, clearly disapprove of this rule,” said the crypto advocacy group Blockchain Association.

Despite President Joe Biden's stated intention to veto the resolution to "protect investors in crypto-asset markets and to safeguard the broader financial system," the strong bipartisan support reflects growing political awareness and support for the crypto industry.

Conclusion

The recent legislative developments in Oklahoma and the U.S. Senate's resolution mark significant milestones in Bitcoin's journey towards broader acceptance and regulatory clarity. As Oklahoma leads with protective measures for Bitcoin rights and mining, and as federal lawmakers push back against restrictive SEC rules, the future looks promising for the integration and growth of digital assets in the mainstream economy. These steps not only encourage innovation and investment but also set a precedent for other states and countries to follow in embracing the digital financial revolution.

[asadmukhtarr]

"Mastering Bitcoin" by Andreas M. Antonopoulos is a comprehensive guide for anyone looking to understand the technical underpinnings of Bitcoin and blockchain technology. Whether you're a developer, investor, or simply a tech enthusiast, this book provides a deep dive into how Bitcoin works, its security model, and its potential applications. Below is a step-by-step breakdown of the outcomes you can expect after reading this book, presented in a user-friendly manner:

[usdtflash324]

What Is a Flash Bitcoin Tool and How Does It Work?

In the world of cryptocurrency, speed and privacy are everything. A flash Bitcoin tool is a unique solution that allows temporary BTC transfers with the ability to reverse or cancel before confirmation. This technique can be used for testing wallets, privacy protection, or strategic transfers. 💡 Curious how it works or want to explore it yourself? 👉 Check it out here: https://flashtoolss.com Whether you're deep in the crypto game or just starting out, it's important to understand how tools like this fit into the ecosystem. ��� Learn more and stay updated on the latest in crypto tech by following us.

Tags: #bitcoin #crypto #btc #flashbitcoin #blockchain #cryptotools #cryptoexplained #bitcointransactions #privacytech

[gis2080]

Bitcoin Payment Ecosystem Set for a Massive 20.3% CAGR! 🚀💸

Bitcoin Payment Ecosystem Market is on an explosive growth trajectory, set to expand from $1.5 billion in 2024 to $9.5 billion by 2034, with a CAGR of 20.3%. This surge is fueled by increasing adoption, technological advancements, and the demand for decentralized financial solutions.

To Request Sample Report : https://www.globalinsightservices.com/request-sample/?id=GIS31407 &utm_source=SnehaPatil&utm_medium=Article

📈 Market Trends & Insights: 🔹 Payment processing solutions lead the market as businesses integrate Bitcoin payments. 🔹 Cryptocurrency exchanges are the second-highest segment, reflecting the need for secure and seamless transactions. 🔹 North America dominates, driven by tech innovation and key industry players. 🔹 Europe follows closely, with favorable regulations and rising crypto adoption. 🔹 The U.S. is the top-performing country, with Germany ranking second due to its progressive digital currency policies.

💳 Key Segments & Innovations: 💡 Blockchain-powered transactions ensure transparency and security. 📲 Mobile and web-based payment solutions revolutionize e-commerce and retail payments. 🏪 Retail transactions (45%) dominate, followed by peer-to-peer payments (30%) and B2B transactions (25%).

⚡ In 2024, Bitcoin transactions hit 1.2 billion, reflecting the growing mainstream acceptance of digital currencies.

💼 Top Players Shaping the Market: 🔹 BitPay — Leading in Bitcoin payment gateways 🔹 Coinbase — Expanding crypto merchant solutions 🔹 Blockchain.com — Innovating in crypto transactions and security

📢 With rising merchant adoption and the shift toward decentralized finance, the Bitcoin Payment Ecosystem is set to redefine the global financial landscape!

#bitcoinpayments #cryptoecosystem #cryptopayments #blockchaintechnology #digitalcurrency #decentralizedfinance #fintech #bitcointransactions #merchantadoption #bitcoinwallet #cryptocommerce #ecommercepayments #remittances #smartcontracts #peer2peer #btcmarket #paymentgateway #cryptoexchange #blockchainpayments #cryptofinance #futureofpayments #fintechtrends #web3payments #securetransactions #bitcoinacceptance #financialinclusion #paymentinnovation #cryptoindustry #cryptobanking #b2bpayments #retailpayments #mobilepayments #cryptoassets #digitalpayments #defi #bitcoinintegration #paymentsecurity #cloudpayments #cryptoadoption #bitpay #coinbase #blockchaincom #techinnovation #financialrevolution #globaltransactions 🚀

[altcoineveryday]

Bitcoin On-Chain Flow: Insights on Large Transactions #BitcoinOnchainFlow, #BitcoinPriceAnalysis, #BitcoinTransactions, #BTCDailyVolume, #CryptoQuantInsights, #LargescaleBitcoinMovements

[bitcoincables]

January Sees Highest Monthly Volume of Bitcoin Transactions Since 2022

In January 2024, the volume of Bitcoin transactions reached $1.21 trillion, the highest since September 2022. This increase in volume comes after several months of gains and indicates the anticipation of spot Bitcoin ETF approval. The approval of these ETFs seems to be driving an increase in transaction volume after relatively low volume in 2023. Despite the rise in volume, long-term Bitcoin holders are holding onto their coins and not actively trading them. Monthly transactions on the Bitcoin network even decreased between December 2023 and January 2024.

It is important to note that The Block is an independent media outlet that provides news and data on the crypto industry. This information is provided for informational purposes only and should not be considered as legal, tax, investment, financial, or other advice. For the full article, you can read it here.

Bitcoin Crypto BitcoinTransaction ETF

[cryptoandbitcoinforall]

"🔍 Tracking Bitcoin Transaction Status 🔍

If you're wondering whether your Bitcoin transaction is confirmed or denied, follow these steps:

1️�� Obtain the transaction ID (TxID) when you initiate a transaction. It's your unique identifier for tracking.

2️⃣ Use a blockchain explorer like Blockchain.com or Blockchair.com to search for your transaction.

3️⃣ Enter the transaction ID in the explorer's search feature.

4️⃣ Check the transaction status displayed. Look for confirmations and other details.

✅ #BitcoinTransaction #BlockchainExplorer

⚠️ Unconfirmed: Zero confirmations mean your transaction is pending. Network congestion or low fees can cause delays.

✅ #UnconfirmedTransaction #BitcoinPending

✅ Confirmed: Once your transaction receives confirmations, it's included in a block and considered valid. More confirmations mean more security.

✅ #ConfirmedTransaction #TransactionSecurity

❌ Denied or not found: If your transaction isn't located, it might not have been broadcasted successfully or included in any blocks. Double-check the ID.

❌ #TransactionDenied #NotFound

⏳ Keep in mind, confirmation time varies based on network congestion and transaction fees. Higher fees result in faster confirmations.

⚡️ #BitcoinNetwork #TransactionFees

Using a blockchain explorer ensures reliable tracking of your Bitcoin transactions. Stay informed and enjoy the seamless experience! 💰💻

#Bitcoin #Cryptocurrency #CryptoTransactions #DigitalCurrency #FinancialTechnology #Blockchain #BitcoinCommunity"

[officialcryptoblog]

Bitcoin may be private, but Bitcoin transactions aren’t

Let's read out some interesting fun facts on our website under "Crypto Monk" section

[cryptoknowmics]

JP Morgan subsidiary, Chase Bank, has settled to refund $2.5 million in fees customers which it has charged unlawfully for the transaction made for the crypto.  Read More

[cryptocornhub]

DO YOU KNOW? Why may 22 is a bitcoin pizza day? #cryptorevolution #cryptoworld #cryptolifestyle #bitcoinpizzaday #bitcointransactions #may22 #cryptonewsdaily #cryptocurrencyrevolution #cryptonewsworld #cryptonewsworld #cryptorevolutions #cryptorevolutiontime https://www.instagram.com/p/CRO-ATLibcK/?utm_medium=tumblr

[jackspassiveincomeblog]

Bitcoin is the future people pay attention and get in before you regret it #bitcoin #bitcoins #bitcoinprice #bitcoinnews #bitcoinmarketcap #bitcoinbillionaire #bitcoinisthefuture #bitcointradingpays #bitcoinvalue #cryptocurrencywallet #bitcoinacceptedhere #bitcoinsallday #bitcoinwallet #cryptowallet #bitcointechnology #bitcoininvesting #bitcoinclub #bitcoininvestment #bitcointransactions #bitcoinatm #onlinepayment #bitcoinadoption #bitcoinworld #bitcoinsignals #bitcoinmanagement #bitcoinasia (at Bitcoin) https://www.instagram.com/p/CVxqb8hFBr1/?utm_medium=tumblr

[latheblog]

Bitcoin transactions everyone must know

http://tradeinspired.com/post/bitcoin-transactions-everyone-must-know

When searching about the bitcoin beginner guide, your search might have landed you here. If you’re starting with Bitcoin trading, you must know some related things about it which are mentioned in this content. It is a similar thing to use cryptocurrency or Bitcoin as a trading currency like conventional stocks...

[kirara-1002]

Bitcoin transactions everyone must know

http://tradeinspired.com/post/bitcoin-transactions-everyone-must-know

When searching about the bitcoin beginner guide, your search might have landed you here. If you’re starting with Bitcoin trading, you must know some related things about it which are mentioned in this content. It is a similar thing to use cryptocurrency or Bitcoin as a trading currency like conventional stocks. Though, the risk involved in handling them holds a major difference in comparison with other stocks...

[jayethan2006-blog]

#coinbase #ripple #bitcoinwallet #bitcoininvestments #buybitcoin #bitcoininvestment #xrp #btc #bitcoinexchange #bitcoinbank #bitcoinmarket #bitcoinnews #bitcoinpay #bitcoinprice #cryptocurrency #cryptocurrencyexchange #digitalcurrency #bitcoinregulation #ltc #eth #acceptbitcoin #bitcointrading #ethereum #xvg #bitcointransactions #bitcoinallday #trx #bitcoincommunity #bitcoininvestmentteam

[thecryptoreport]

Start9 Labs Pitches a Private At-Home Server. And It Works

Start9 Labs Pitches a Private At-Home Server. And It Works

A Colorado company is betting it can make the decentralized web more accessible with a no-frills server you can install in your own home.

Start9 Labs’ Embassy server, housed in a Raspberry Pi, sets up its own private internet network and comes with its own operating system as well as an expanding range of services such as bitcointransactions, messaging and password management that cut out…

[jobyboughey1]

Watch the Lightning Network in action and see how super fast it is. This is the new payment later that will allow bitcoin to scale to thousands of transactions per second. Now we have a peer to peer cash payment system and currency on our hands which it has always intended to be.. #bitcoin #lightningnetwork #btc #blockchaintechnology #bitcointransactions #JobyINCrypto https://www.instagram.com/p/Brs5O4NgREP/?utm_source=ig_tumblr_share&igshid=17yhjb14ht9qy