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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
BTC Jumps as Elon Musk Suggests Tesla Could Accept Bitcoin Again
Bitcoin’s price has jumped as Elon Musk says Tesla could start accepting bitcoin again once crypto miners use more green energy. Genesis Volatility CEO Greg Magadini shares his crypto markets analysis and outlook.
Week Ahead: What’s Next for BTC Price, Taproot Activation
Exploring what’s to come next week in the world of bitcoin as the price of BTC consolidates and the Bitcoin network’s Taproot activation continues.
Week in Review: El Salvador's Currency Law and International Ramifications, U.S. Lawmakers Put Bitcoin on Trial, China's BTC Mining Crackdowns and More
Taking a look at this past week's stories making waves in the cryptocurrency space: El Salvador adopting bitcoin as legal tender, the IMF's cautious warning, and various U.S. lawmakers questioning bitcoin's volatility. Plus, an update on China's bitcoin mining crackdowns.
Bitcoin $200K By Year's End? Some Options Traders Make That Bet
Some bitcoin options traders are making wagers on $200K bitcoin by the end of the year, even as the cryptocurrency continues to struggle following last month's dramatic fall. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
IMF Says It Has Legal and Economic Concerns as El Salvador Makes Bitcoin Legal Tender
A spokesperson for the International Monetary Fund (IMF) said El Salvador’s plans to adopt bitcoin as legal tender raises “macroeconomic, financial, and legal issues.” The team for “The Hash” considers the potential impact of IMF’s signals of resistance and the influence IMF holds over developing countries.
Jack Dorsey Suggests Twitter Likely to Integrate Lightning Network
Twitter CEO Jack Dorsey said Thursday it is "only a matter of time" before the Bitcoin Lightning Network integrates with Twitter to accommodate BTC transactions. "The Hash" panel responds to the news.
Japan’s bitFlyer Gives US Clients Access to Bitcoin and Japanese Yen Pair Trading
Japan-based crypto exchange bitFlyer introduces cross-border trading in the U.S. by allowing users to trade bitcoin in Japanese yen pairs. Joel Edgerton, CEO of bitFlyer USA, joins “First Mover” to discuss the development. Plus, Edgerton’s bitcoin markets analysis and outlook.
Domino Effect of El Salvador’s Currency Law
Edan Yago, the co-founder of decentralized finance (DeFi) protocol Sovryn with business interests in Latin America, explores the domino effect of El Salvador's bitcoin adoption on other countries. Plus, reaction to U.S. lawmakers' concerns of bitcoin's volatility.
BTC Rises Above $38K After Global Regulator Gives Greenlight to Banks to Hold Bitcoin and Other Digital Assets
Bitcoin hits highs above $38K early Thursday after The Basel Committee, which sets international banking standards, gives banks the green light to hold bitcoin and other digital assets. CoinDesk's Christine Lee breaks down the data.
Cryptocurrency’s Environmental Concern
Argo Blockchain CEO Peter Wall addresses bitcoin's growing energy problem in light of recent developments around El Salvador exploring volcano-powered bitcoin mining and China's continued crackdowns on bitcoin mining operations. Plus, his comments on Argo's recent stock performance and outlook.