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

Finance

What Tesla’s Big Bitcoin Sale Means for Other Firms Putting Crypto on Their Balance Sheets

Corporations are likely to remain cautious on adding bitcoin to their treasuries, but not because of Tesla’s move.

By Michael BellusciJul 21, 2022

Tesla CEO Elon Musk (Christian Marquardt - Pool/Getty Images)

Podcasts

What Now? What Should Advisers Be Thinking About After the Crypto Meltdown

By Tyrone RossJul 21, 2022

PlannerDAO, the DAO Built for and by Financial Advisers

Videos

Tesla’s Bitcoin Dump; Zipmex Freezes Withdrawals

Bitcoin slips after Tesla announcement, but analysts say we could have seen the bottom. Crypto trading volumes in India recover. Polygon’s ZK solution aims to slash current layer 1 Ethereum network costs by 90%. Singapore-based Zipmex freezes withdrawals. Documents reveal Vauld owes retail customers $363 million.

Jul 21, 2022