Bitcoin

Bitcoin is the pioneer of blockchains and cryptocurrencies, introduced in a white paper released in 2008 by an apparently pseudonymous person or group of people known as Satoshi Nakamoto. The document described a peer-to-peer method of transferring money without the use of financial institutions. The cryptocurrency known as bitcoin or BTC debuted in 2009. Transactions are recorded on a public ledger (a blockchain) by entities known as miners who engage in process called proof-of-work. Miners are rewarded for doing that by getting newly minted bitcoin. Some proponents view BTC as an alternative to fiat currencies and a hedge against inflation. Bitcoin has inspired the creation of numerous other cryptocurrencies and blockchain projects.

DISCLOSURE: This text was written with the assistance of AI, then reviewed by a person



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Charlotte, North Carolina as a Bitcoin City?

Bitcoin Charlotte founder Jacob Parrish and Old North Capital Fund founder and CEO David Seroy discuss the importance of bitcoin in a prominent banking city like Charlotte, North Carolina, and how it fits into the existing landscape of traditional finance.

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Chart of the Day: Bitcoin Mining Consumes Almost The Same Amount of Electricity as Malaysia or Egypt

“All About Bitcoin” host Christine Lee breaks down the chart tweeted by Elon Musk Thursday, with bitcoin’s annualized estimate electricity consumption being approximately 150 TWh, or about the same size consumed by Malaysia or Egypt.

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Elon Musk, Bitcoin and the Ongoing Energy Debate

Responding to Elon Musk calling the bitcoin energy usage trend “insane,” CleanSpark CEO Zach Bradford sheds light on the ongoing debate about cryptocurrency and energy consumption.

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MicroStrategy Buys the Dip...Again

MicroStrategy announced the company bought another $15 million of bitcoin. "The Hash" panel discusses how CEO Michael Saylor continues to double down on BTC and the potential impact on the markets.

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Did Tesla's 180 on Bitcoin Payments Scare the Market?

Bitcoin prices dropped today after Elon Musk tweeted a statement indicating that Tesla would no longer accept bitcoin payments for its electric cars. Many in the crypto ecosystem blame Musk, but is the tweet really to blame for bitcoin's drop? And if it is, is it cause for concern that the behavior of individuals can so drastically impact the crypto markets? Kyle Samani of Multicoin Capital weighs in.

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Canadian Bitcoin Miner Bitfarms Will Soon Be Listed on the Nasdaq

Toronto-based bitcoin miner Bitfarms has received approval for common stock listing on the Nasdaq, something Bitfarms President Geoffrey Morphy says is a longtime dream that will help the company grow in the international market. Morphy weighs in on Bitfarms' expansion plans and the technological improvements Bitfarms has to make mining more eco-friendly.

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Bitcoin, Inflation and the U.S. Dollar

Data from Coin Metrics show bitcoin rising as the U.S. dollar weakens. Will the trend continue in light of Wednesday's Consumer Price Index (CPI) report showing inflation climbing at a faster pace than economists expected? "All About Bitcoin" host Christine Lee reviews the data in Chart of the Day.

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SEC Staff Calls Bitcoin “Highly Speculative,” Hints at ETF Skepticism

According to a published staff statement, the U.S. Securities and Exchange Commission (SEC) says bitcoin is a “highly speculative” asset. “The Hash” team examines the regulator's skepticism towards supporting a bitcoin ETF (exchange-traded fund) and the more significant role of the SEC in the cryptocurrency ecosystem.

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Ether Hits $500B Market Cap for First Time

Ether (ETH) touched the $500 billion market cap Wednesday, surpassing the valuation of financial giants like JPMorgan and Visa. "The Hash" discusses why this milestone is significant and the prospects of a "flippening."

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How Every Empire Falls: Not Inflation, But Devaluation of Currency, Says Morgan Creek Capital Founder

Responding to Wednesday's Consumer Price Index (CPI) report showing consumer prices jumping 4.2%, Morgan Creek Capital Management CEO Mark Yusko says he’s more concerned about the Western world’s systematic devaluation of the currency. He talks about his bullish outlook on bitcoin, potential risks of bitcoin investing, and thoughts on the Dogecoin (DOGE) phenomenon.

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