#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.

[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:

1️⃣ 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...

[bitcointrendapp123-blog]

Bitcoin Trend Aap signup

https://www.bitcointrendapp.net/How Not to Buy Bitcoin n the following segment, I will clarify several central issues about purchasing from bitcoinExchanges. Before I do, let me give you an admonition. A short history exercise: When individuals originally fired setting up genuine business dependent on bitcoin, they utilized the entirety of the devices accessible to any dealer. They sold with charge card and PayPal. The issue with this plan of action was immediately spotted: bitcointransactions are not reversible by anybody aside from the beneficiary of the cash. Visas and PayPal have solid purchaser insurance approaches that make it moderately simple for individuals to demand a chargeback. Along these lines, terrible people understood this and started making acquisition of bitcoinand then sometime mentioning a chargeback. Also, since bitcoinis a non-actual item, sent by new and inadequately comprehended innovative methods, the dealers couldn't challenge this. Along these lines, venders quit tolerating charge cards and PayPal. Bitcoin Trend aap This was a major issue for the cash: How to move cash among purchasers and dealer? Some business arose that would acknowledge you for bitcoinif you wired them cash. All the time these organizations would give addresses in Albania, Poland, or Russia. The truth of the matter is that huge numbers of these accomplished work and there are a great deal of stories on the discussions of individuals who purchased bitcoins thusly. Be that as it may, it took a great deal of time and meanwhile the purchaser just needed to nibble their fingernails contemplating whether they would get their bitcoins or say farewell to theirspeculation.

The absolute in front of the pack to go is http://faucet.bitcoin.st/. This is a site that gives out limited quantities of bitcoinfor the motivation behind getting individuals used to utilizing them. The first form of this was controlled by the lead designer of bitcoin, Gavin Andreson. That site has since shut and this site works by conveying a couple of ads a month. You consent to get those messages by mentioning the bitcoins. Reorder your new bitcoinaddress and enter a telephone number to which you can get a SMS. They convey a SMS to be certain that individuals are not ceaselessly returning for additional since it costs nothing to make a bitcoinaddress. They will likewise convey a few times per month ad to help their activity. The sum they send it paltry: 0.0015 BTC (or 1.5 mBTC). Nonetheless, they measure very quickly and you can verify that your location and wallet are working. It is likewise a significant inclination to get that segment of a bitcoin. (Non-disclaimer: I have no association with this site and get nothing in the event that you use them. I essentially think they are a decent method to consider making the plunge). Congrats! You have quite recently entered the bitcoineconomy. To get your feet somewhat wetter, you can go prospecting. There are various administrations and sites out there that will pay you in bitcointo do things like go to specific sites, round out online studies, or watch supported recordings. These are innocuous, and you can procure a couple of extra bitcoins thusly, yet recollect that these are organizations that get paid when individuals click on the connections on their destinations. They are basically kicking back a segment of what they get paid to you. There is not all that much, or even corrupt about this (you may like what you see and make a buy!), however they are oftentimes ostentatious and may not be totally clear. All the ones that I have attempted (especially bitvisitor.com) have paid out as publicized. It is intriguing to explore different avenues regarding these, yet even with the conceivable ascent in the estimation of bitcoin, you won't turn into a tycoon doing this. Thus, except if you are a notice addict, I would suggest you proceed onward. In the event that you might want to attempt, essentially Google "free bitcoins" or something like that and you will discover various destinations

. Purchasing bitcoinHand-to-Hand Bitcoin Trend Aap At last, this will be the genuine trial of bitcoin. Can individuals effectively exchange them to and fro? On the off chance that this can't occur, at that point there can't generally be a bitcoineconomy on the grounds that retailers won't have the option to utilize it. On the off chance that retailers can't utilize it, what natural great right? Luckily, this isn't generally an issue. iPhone is somewhat of a wait, however numerous cell phones have applications (portable wallets) that will peruse QR codes and permit you to send bitcointo whomever you need.

You can likewise show a QR code of your location, or even convey a card in your wallet with your QR code to let individuals send bitcointo you. Contingent upon what sort of wallet you have, you would then be able to verify whether the bitcoins have been gotten. Bitcoin Trend Aap Several things to note:This is a full-highlighted wallet: make different addresses to get bitcoins, send bitcoins effectively, track exchanges, and back up your wallet. Outside of the time it takes to match up, this is a simple to utilize choice. Quest for bitcoinQt wallet download to discover their website. Armry Runs on top of Bitcoi Qt, so it has the entirety of the equivalent synchronizing prerequisites. Arsenal permits you to back up, encode, and the capacity to store your bitcoins disconnected.

https://www.bitcointrendapp.net/

[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

[cryptoknowmics]

Bitpay, the service provider for the crypto payments, has unveiled that in the recent time also, the Bitcoin is showing great performance, as it still dominates payments. The company that has been pioneering in crypto payments services, further notified that currently, it has decided to not use the second layer solutions like Lightning networks or Liquid Networks. Read Full News Here 

[conscious-coach]

Coingate Joins Prestashop: 80,000 European Merchants Can Accept Crypto : As reported by Bitcoin.com, the European cryptocurrency payment gateway Coingate has joined forces with the open source e-commerce solution Prestashop. The result? Approximately 80,000 new European merchants will now have the option to accept cryptocurrencies as payment. The point of this joint venture is to provide more buying options for crypto enthusiasts. It’s to give people who already own cryptocurrencies more ways to spend them in real-world scenarios, like when they go out shopping. The added bonus would be to increase adoption among people not familiar with cryptocurrencies, bringing crypto into a greater mainstream environment. #spendbitcoin #bitcoin #bitcoincurrency #bitcoinsallday #bitcoinprice #bitcointechnology #blockchain #coingate #bitcoinpayment #bitcointransactions #cryptocurrency #bitcoinnews #cryptocurrencycommunity #cryptocurrencynews (at New York, New York)