Bitcoin
Bitcoin Proposal to Restore Satoshi Code Gets a ‘420’ Update

Along with the expected Bitcoin halved event, 04/20 has already passed – but the famous meme number is already back in the BTC conversation amidst an attempt at change Bitcoinsoftware.
Advocates for restoring a It was Satoshi The command in Bitcoin’s programming language introduced new code on Monday describing how “OP_CAT” could be used to bring more functionality to Bitcoin. One notable addition: including 420 as the supposed BIP number of the change.
As of this writing, OP_CAT has not received a so-called BIP number in the code repository where other proposed changes to Bitcoin’s software have historically been examined, debated, and tracked. Short for Bitcoin Improvement Proposal, the volunteer-maintained code repository tracks BIPs up to number 389 from initiatives considered in 2011.
Instead, OP_CAT number 420 is reflected in a standalone GitHub page that describes the proposal and was shared by Taproot Wizards co-founder Udi Wertheimer in Monday. A months old version of OP_CAT, posted to GitHub by BastionZero co-founder Ethan Heilman, a key developer behind the proposal, leaves a section for OP_CAT’s BIP number blank.
“OP_CAT aims to expand the toolbox of [Bitcoin] developer with a simple, modular and useful opcode,” states the GitHub page shared by Wertheimer, adding that “OP_CAT was available in early versions of Bitcoin.”
Approval of OP_CAT would allow developers to create so-called covenants on Bitcoin, according to a blog post from Luxor Technology’s head of research, Colin Harper. By specifying the conditions under which Bitcoin can be spent in the future, covenants can be used in areas such as automated payments and reverse transactions.
In January, Wertheimer said Decrypt that agreements could lay the foundation for encryption technology in Bitcoin like smart contracts It is bridges. The renewed framing of the proposal comes as developers push Bitcoin’s technical limits in other ways, such as protocols Ordinals It is Runes who respectively seek to emulate NFTs and meme coins on Bitcoin.
Numbers with strong memetic roots, like 69 or 420, have been mainstays of Internet culture for years – well-established in the days when memes often included text at the top or bottom. Today, the meaning of the two numbers is reflected in cryptography through token standards such as BRC-69and, more recently, the anticipation that the Bitcoin halving could have landed on April 20th.
“It is generally frowned upon in the Bitcoin community for BIP authors to assign BIP numbers to themselves,” Wertheimer he said in a Twitter post (aka X). “Fortunately, BIP-420 was not self-assigned by its authors […] BIP-420 was assigned by the Bitcoin community.”
Who else was requesting this number in the Bitcoin community for OP_CAT was initially unclear. But, as Wertheimer explains, the proposal was developed by Botanix Labs’ chief software engineer, Armin Sabouri, and BastionZero’s Heilman. The two developers were approached by Taproot Wizards – eager to help – following the publication of OP_CAT, CoinDesk reported in February.
Wertheimer created Taproot Wizards alongside influencer Eric Wall early last year. As Ordinals grew in popularity, the company’s collection of Bitcoin-based collectibles became an early highlight – elevated by bombastic debates on the value of Ordinals with Wertheimer and Wall.
The group’s efforts have become associated with a movement within the Bitcoin community to grow beyond the traditionalist vibes promulgated by so-called “laser eyes” who often believe Bitcoin should focus solely on monetary transactions. Announcing that it had raised $7.5 million in a funding round led by venture capital firm Standard Crypto last November, Wertheimer said the money would be used to “finally move Bitcoin forward.”
Taproot Assistants released its Quantum Cats Ordinals collection in January, consisting of 3,333 cat images that were created using Ordinals inscriptions. Dedicated to OP_CAT, the cheapest entry available in the collection is listed for 0.42 BTC or $26,600, at the time of this writing, on the NFT marketplace Magical Eden.
OP_CAT, originally created by pseudonymous Bitcoin creator Satoshi Nakamoto, was scrapped in 2010 due to concerns that the so-called opcode could be used in a denial-of-service (DoS) attack on Bitcoin. Representing a basic command in the Bitcoin programming language, OP_CAT allowed users to combine two data points into a transaction code structure.
Following Bitcoin Taproot Update In 2021, however, limits on the amount of data that can be included in certain frameworks for Bitcoin transactions have “overridden” historical concerns around OP_CAT, according to Luxor Technology’s Harper.
On Twitter, a publish shared by Casa co-founder and CSO Jameson Lopp — including a gif of Elon Musk smoking weed during a 2018 podcast appearance — suggested that OP_CAT’s new 420 link could help it “attract a lot of people.”
Neither Wertheimer nor the pseudonymous CTO Rijndael of Taproot Wizards immediately responded to requests for comment from Decrypt.
Edited by Andrew Hayward
Bitcoin
‘This is huge’ — Billionaire Mark Cuban issues ‘incredible’ Bitcoin and crypto prediction amid price slump

Bitcoin
Bitcoin
came back with a vengeance this year when former President Donald Trump Cryptocurrency boosts US presidential election in November with ‘revolutionary’ plan.
The price of bitcoin has surged to more than its all-time high in recent months, surpassing $70,000 per bitcoin and triggering a wave of mega-optimistic predictions about the price of bitcointhough it fell again this week, falling below $65,000 after the Federal Reserve kept interest rates steady.
Now, as Elon Musk suddenly breaks his silence on bitcoin and cryptocurrenciesBillionaire investor Mark Cuban called a California plan to digitize 42 million car titles using blockchain an “incredible step forward” and “huge” for cryptocurrencies.
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Mark Cuban, famous Shark Tank investor and billionaire owner of the NBA team Dallas Mavericks, has… [+] called a cryptocurrency update “amazing” amid bitcoin’s price slump.
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The California Department of Motor Vehicles (DMV) has digitized 42 million car titles using blockchain, it was reported by Reuters, through technology company Oxhead Alpha on the Avalanche blockchain and designed to detect fraud and facilitate the securities transfer process.
“This is an incredible development for crypto,” Cuban, best known as an investor on TV’s Shark Tank and owner of the Dallas Mavericks NBA team, posted on X, joking that U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler could sue the state as part of his hostility toward cryptocurrencies and blockchain technology.
“The reason this is huge for crypto is because people who hold the tokens will have an app with an Avalanche wallet,” Cuban said. “Tens of millions of Californians having and using a crypto wallet in the next five years, or however long it takes, normalizes the use of wallets and crypto.”
John Wu, president of Avalanche developer Ava Labs, told Reuters that California’s DMV is “creating a wallet that you can download on your phone.”
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Bitcoin’s price has rallied this year, triggering a wave of bullish bitcoin price predictions from… [+] people like billionaire Mark Cuban.
Forbes Digital Assets
Last month, Cuban predicted that if the US dollar falls as the global reserve currency, bitcoin could become “a global ‘safe haven’” and a “global currency.” potentially sending the price of bitcoin to a much higher level.
According to Cuban, bitcoin could become what its most ardent supporters “envision” — a means “of protecting our economies… This is already happening in countries facing hyperinflation.”
The price of bitcoin has skyrocketed over the past year, largely due to the world’s largest asset manager, BlackRock, leading a bitcoin attack on Wall Street.
Bitcoin
MicroStrategy’s Cash Flow Amid Bitcoin Rally Raises Some Eyebrows

Analysts are starting to pay more attention than usual to Bitcoin-proxy’s underlying enterprise software business MicroStrategy Inc.
How to better invest cash generated from operations is what originally prompted co-founder and CEO Michael Saylor to turn to Bitcoin four years ago. Since then, the Tysons Corner, Va.-based company has adopted a two-pronged strategy of investing in the cryptocurrency instead of traditional assets like short-term Treasuries and ramping up its software operations.
Bitcoin
Large Bitcoin (BTC) Holders Added $5.4 Billion Worth of BTC in July, Data Shows

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Bitcoin
Bitcoin (BTC) Hits Six-Week High After Trump’s Pro-Crypto Speech

Bitcoin has retreated from a six-week high as investors shift their focus to speculation the U.S. may sell seized tokens just days after Donald Trump vowed to create a government stockpile of the cryptocurrency if he is elected president again.
The US transferred $2 billion worth of Bitcoin to a new digital wallet address on Monday, blockchain research firm Arkham said in a publish on social media platform X. Market analysis firms have speculated that the tokens are from the Silk Road marketplace, where customers used virtual currencies to buy illegal drugs and hacking tools before it was shut down.
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