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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How Crypto Miner Griid Is Tackling Bitcoin's Energy Challenge

Harry Sudock, VP of Strategy at bitcoin mining firm Griid, responds to bitcoin's growing environmental, social, and corporate governance (ESG) concerns, discussing how Griid is procuring renewable energy to supply a portfolio of bitcoin mining facilities. "We have an overwhelmingly carbon-free and renewable-focused portfolio, not because we have an ESG mandate, but because that's the way we achieve the best results," Sudock said. Plus, insights into miners migrating out of China and whether this is a greener way forward.

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Bitcoin Holds Support; Faces Resistance at $36K

Bitcoin is holding support above $33K. Initial resistance is now seen at $36K, as short-term buyers continue to take profits. CoinDesk's Michael Casey breaks down the Chart of the Day.

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Will The Next Six Months ‘Make or Break’ Bitcoin’s Stock-to-Flow Model?

The bitcoin stock-to-flow model, one of the most widely used charts for predicting massive future bitcoin price gains, currently suggests bitcoin’s price should be around $77,900. It’s the model’s largest divergence since January 2019. “The Hash” team breaks down the data, exploring the outlook for bitcoin.

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IBC Group Moves Out of China, Pavilions Hotels to Accept Crypto

IBC Group to end Bitcoin and Ethereum mining in China. The Pavilions Hotels and Resorts to accept crypto. Blockchain leads to rise of crypto natives. We’ll have more on these stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."

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How Bitcoin’s Hashrates Affect Its Price

Crypto miners in China are migrating elsewhere in response to the country’s continued crackdowns. ​CrossTower Research Analyst Martin Gaspar discusses the impact of bitcoin’s hashrate on its price and why this matters. “Bitcoin’s price and hashrate have been very correlated over time… so they tend to move with each other,” Gaspar said.

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Bitcoin Under Pressure?

Bitcoin is trading under pressure as currency markets price in prospects of an upbeat U.S. nonfarm payrolls release, which could amplify concerns of an early unwinding of stimulus by the Federal Reserve. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.

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What’s Next After Bitcoin Hit With Worst Q2 Price Drop?

Bitcoin registers its worst second-quarter performance since 2018 and remains rangebound heading into the weekend. CoinDesk’s Christie Harkin and Brad Keoun discuss the week’s top stories moving the crypto markets: the reported death of billionaire bitcoin advocate Mircea Popescu and NYDIG bringing crypto purchases to 650 banks with NCR.

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Strike: No Fee Bitcoin Trading Coming to the US

Jack Mallers' payments company Strike is letting its U.S. customers buy and sell bitcoin for almost zero transaction fees, going head-to-head with Coinbase, Square's Cash App, and PayPal. As Strike sets forth to be the cheapest and easiest platform to purchase BTC, "The Hash" panel discusses the fierce race to no-fee bitcoin trading.

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Strike Offers 'No Fee' Bitcoin Buys, Goes Head-to-Head With Coinbase

CoinDesk's Nikhilesh De explains what it means for the regulators as Jack Mallers' payments platform Strike is now competing against Coinbase to offer U.S. customers to buy and sell bitcoin with almost no trading fees.

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Bitcoin Gaining Traction Amid ESG Concerns in Crypto Investment

Bitcoin’s environmental concerns could slow big investors’ push into the cryptocurrency, but the outlook for bitcoin is still incredibly positive, Arca CEO Rayne Steinberg suggests. "Further institutional adoption... are continuing the pace," Steinberg added. Plus, the impact of China's continued crypto crackdowns on mining and the wider crypto community.

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