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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
Bitcoin Adoption Among Far-Right Extremists Leaves Its Mark on the Blockchain
According to cryptocurrency analytics firm Elliptic, bitcoin as a means of payment among far-right extremists is growing in popularity, which is tracking traces left on the blockchain by such groups. "The Hash" squad discusses the specifics, reactions, and implications of bitcoin in politics.
Bitcoin Range-Bound Above $46K Support, Resistance at $55K
Bitcoin continues to stabilize around the $50,000 price level after a near 20% sell-off over the past weekend. New Glassnode data reveals support failed to hold and triggered a full wave of liquidations as the lower price was hit each time. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
Is Bitcoin Mining Still Profitable?
Vice President of Business Development at Foundry Jeff Burkey discusses the state of the Bitcoin network and hashrate, along with its mining profitability and difficulty. Plus, insights into the launch of FoundryX, a new marketplace for buying and selling bitcoin mining machines.
Strike CEO Jack Mallers on El Salvador’s Bitcoin Adoption
Jack Mallers, Strike CEO and a top 10 winner of CoinDesk’s Most Influential 2021, shares insights into his mission to bank the unbanked that has led him to spread bitcoin adoption across El Salvador.
Jack Dorsey's Puppet Promotes Spiral's Lightning Development Kit
Jack Dorsey and the team at Spiral, formerly known as Square Crypto, have released a mini-documentary featuring a puppet Dorsey to explain their Lightning Development Kit (LDK). "The Hash" hosts discuss the latest project turning heads in the crypto community as part of Dorsey's ongoing bitcoin advocacy.
Craig Wright Found Not Guilty of Fraud in Bitcoin Trial
A federal jury has ruled while Craig Wright is cleared of most charges, he must pay $100 million to W&K Info Defense in intellectual property rights, a company founded by late computer scientist Dave Kleiman. “The Hash” team unpacks the jury’s decision in Bitcoin’s landmark case and why this is a continuing story to watch.
Is Bitcoin Due for Lower Lows?
Trade the Chain Research Analyst Nick Mancini discusses his crypto markets analysis and outlook, explaining whether another price dip could be imminent. Plus, insights into bullish sentiment for ether, open interest for bitcoin, and institutional activity in crypto.
Bitcoin Technical Indicator Suggests Low Probability of ‘Santa Rally’
Bitcoin may not be able to build on the relief rally as it heads into the year-end, a key technical indicator that's flipped bearish amid heightened macro risks indicates. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.