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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
Seeking Direction: Price of Bitcoin Struggling for a Breakthrough
The price of bitcoin dropped 35% in May, registering one of its most significant monthly drops on record. In the wild trading sessions last week, the bitcoin price fell below a 200-day simple moving average. What's the psychological support level for BTC, and where would it go from here? Christine Lee reviews the Chart of the Day.

Marathon Digital Says It Will No Longer Censor Bitcoin Transactions
Marathon Digital Holdings CEO Fred joins “All About Bitcoin” to explain the company’s latest move to no longer block transactions that originated from addresses associated with sanctioned entities. “Marathon is committed to the core tenets of the Bitcoin community, including decentralization, inclusion, and no censorship,” Thiel said.

Bitcoin Price Outlook With Arca’s Jeff Dorman
Bitcoin markets analysis and predictions from Arca Chief Investment Officer Jeff Dorman.

Marathon Digital Reverses Course on Censoring Bitcoin Transactions
North American-based bitcoin mining firm Marathon Digital has rescinded its previous attempts to censor transactions on the Bitcoin network. It will validate all transactions on the blockchain as well as signal in favor of the new Taproot upgrade. “The Hash” panel digs into the news and what it means for the bitcoin community.

Human Rights Foundation Gives Out $210K in Bitcoin Development Grants
The Human Rights Foundation, which is no stranger to the bitcoin space, will allot $210K in Bitcoin Development Grants to fund Lightning Network development, Utreexo work, and even Arabic translations of Bitcoin content. “The Hash” panel discusses the HRF stepping up its grant work and the more enormous implications for crypto across the globe, particularly in the Middle East.

Why Isn’t Biden’s $6T Spending Plan Boosting the Price of Bitcoin?
It has been a long-time belief in the crypto space that inflationary fears drive up the price of bitcoin, but the markets aren’t jumping today over President Biden’s expected $6 trillion budget proposal for fiscal year 2022. “The Hash” panel breaks down why sentiment may have changed.

Consensus 2021 Just Wrapped: Here's What We Learned
Consensus 2021 has come to a close, and the week has been jam-packed with significant bitcoin news, including Ray Dalio's bitcoin investment. At the same time, we learned that billionaire Carl Icahn wants to get into crypto "in a big way," but bitcoin's price has remained relatively stagnant throughout. "All About Bitcoin's" Week in Review panel discusses the highlights of Consensus 2021.

What Does Biden’s $6T Spending Plan Mean for Bitcoin?
Reports of President Biden’s $6 trillion spending plan were expected to give bitcoin’s price a bump, but the market is still flat. Is this a sign that “Crypto Winter” is upon us? “All About Bitcoin’s” Week Ahead panel discusses bitcoin’s stagnation and whether it indicates that the bear market is almost here.

Examining the ‘Consensus Bump’ Phenomenon
According to internal CoinDesk lore, the price of bitcoin jumps slightly before every annual Consensus conference. According to data from this year, it looks like the pattern held, but is it a real phenomenon or just a coincidence? “All About Bitcoin’s” host Christine Lee breaks it down in the Chart of the Day.

Bitcoin, Ether Down as Corrective Phase Continues
Bitcoin remains in a corrective phase under $40K. Is the sell-off over, or is there another drop on the horizon? Nicholas Pelecanos, head of trading at NEM, joins "First Mover" to weigh in. Plus, his thoughts on whether the drawdowns signal the end of the bull market.
