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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
The Domino Effect of El Savador’s Bitcoin and Blockchain Adoption on Latin America
Koinbanx CEO Leo Elduayen and Mercado Bitcoin Director Fabrício Tota join “Community Crypto” to discuss El Salvador’s bitcoin law and blockchain projects and their impact on adoption elsewhere, particularly in Latin America. “What El Salvador is doing is an example for the rest of the countries,” Elduayen said.
Bitcoin Trending Lower in Lieu of China’s Crypto Crackdown
Bitcoin registered a series of lower price highs Friday, at one point shaving off $4,000 and meeting resistance at $41,000 following China’s renewed anti-crypto stance. The People’s Bank of China said bitcoin, ether and stablecoin tether do not qualify as legal tender and cannot be used in the currency market.
China’s Latest Crypto Ban Is Its Most Severe, Insiders Say
Individuals who live inside China but work for off-shore crypto exchanges can be subject to legal prosecution.
Why China’s Crypto Crackdown Is ‘Not the End of Bitcoin At All’
The People’s Bank of China announced Friday virtual currency-related business activities are illegal, warning they seriously endanger the safety of its citizens’ assets. Bitcoin slipped below $42,000 after the news and is down about 3% over the past 24 hours.
Twitter to Add Bitcoin Lightning Tips, NFT Authentication
“The Hash” team discusses CEO Jack Dorsey’s continued infatuation with crypto as part of a larger push to monetize content creators and bring blockchain awareness to the mainstream. Twitter users on Apple’s iOS can now connect third-party tipping services to their profile, including the ability to link both Bitcoin and Lightning Network addresses.
Twitter’s New Crypto Features Are a BFD
The social network’s new tip wallet and forthcoming NFT verification are game-changers - and a bulwark against attempts to co-opt a movement.
Bitcoin Trending Lower on China Crackdown, Support at $36K-$40K
BTC registered a series of lower price highs this month as buyers take profits.
