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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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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MoneyGram Partners With Coinme to Offer Bitcoin

Over the past 80 years, MoneyGram has established itself to become one of the top money transfer companies in the world. Now, they are partnering with Coinme, a crypto-cash exchange, so that customers can buy and sell bitcoin with cash at over 17,000 U.S. locations.

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Number of Bitcoin Whale Entities Dropping

Data suggests large investors are putting bitcoin under some selling pressure. “All About Bitcoin” host Christine Lee breaks down the Chart of the Day.

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BTC Hitting $100K by End of Year ‘Very’ Likely, Toroso Investments CIO Says

Responding to data that reveals increasing selling pressure from bitcoin whales, Toroso Investments CIO Michael Venuto sees the glass half full, saying bitcoin reaching $100K by the end of the year is "very, very" likely. Plus, his thoughts on the likelihood of the SEC approving bitcoin ETFs this year.

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Palantir Now Accepts Bitcoin Payments, ‘Thinking’ About Treasury Investment

Peter Thiel’s software company Palantir Technologies now accepts bitcoin for payments. During its latest earnings call, CFO Dave Glazer said bitcoin on the balance sheet is “definitely on the table.” The panel of “The Hash” unpacks the news and potential implications.

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