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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



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Marathon Digital Reverses Course on Censoring Bitcoin Transactions

North American-based bitcoin mining firm Marathon Digital has rescinded its previous attempts to censor transactions on the Bitcoin network. It will validate all transactions on the blockchain as well as signal in favor of the new Taproot upgrade. “The Hash” panel digs into the news and what it means for the bitcoin community.

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Human Rights Foundation Gives Out $210K in Bitcoin Development Grants

The Human Rights Foundation, which is no stranger to the bitcoin space, will allot $210K in Bitcoin Development Grants to fund Lightning Network development, Utreexo work, and even Arabic translations of Bitcoin content. “The Hash” panel discusses the HRF stepping up its grant work and the more enormous implications for crypto across the globe, particularly in the Middle East.

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Why Isn’t Biden’s $6T Spending Plan Boosting the Price of Bitcoin?

It has been a long-time belief in the crypto space that inflationary fears drive up the price of bitcoin, but the markets aren’t jumping today over President Biden’s expected $6 trillion budget proposal for fiscal year 2022. “The Hash” panel breaks down why sentiment may have changed.

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Consensus 2021 Just Wrapped: Here's What We Learned

Consensus 2021 has come to a close, and the week has been jam-packed with significant bitcoin news, including Ray Dalio's bitcoin investment. At the same time, we learned that billionaire Carl Icahn wants to get into crypto "in a big way," but bitcoin's price has remained relatively stagnant throughout. "All About Bitcoin's" Week in Review panel discusses the highlights of Consensus 2021.

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What Does Biden’s $6T Spending Plan Mean for Bitcoin?

Reports of President Biden’s $6 trillion spending plan were expected to give bitcoin’s price a bump, but the market is still flat. Is this a sign that “Crypto Winter” is upon us? “All About Bitcoin’s” Week Ahead panel discusses bitcoin’s stagnation and whether it indicates that the bear market is almost here.

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Examining the ‘Consensus Bump’ Phenomenon

According to internal CoinDesk lore, the price of bitcoin jumps slightly before every annual Consensus conference. According to data from this year, it looks like the pattern held, but is it a real phenomenon or just a coincidence? “All About Bitcoin’s” host Christine Lee breaks it down in the Chart of the Day.

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Bitcoin, Ether Down as Corrective Phase Continues

Bitcoin remains in a corrective phase under $40K. Is the sell-off over, or is there another drop on the horizon? Nicholas Pelecanos, head of trading at NEM, joins "First Mover" to weigh in. Plus, his thoughts on whether the drawdowns signal the end of the bull market.

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Crypto Crimes Surge in Asia; Bitcoin Reasons for Divorce in South Korea

South Korea has lost $5 billion due to crypto-related crime over the past five years as fraud and scams surge across Asia. China’s Sichuan province looks to weigh the effects of a crypto mining ban on the region’s hydropower generation. Back in South Korea, crypto is becoming a reason for couples to get divorced. More on that story and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."

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ARK Invest's Cathie Woods Blames Bitcoin's Drop on 'ESG Movement'

There is much speculation about what caused the recent drop in bitcoin's price. ARK Invest's Cathie Woods says she thinks the crash has more to do with the ESG investing movement and the ongoing environmental debate about crypto's energy usage. "The Hash" panel breaks down Woods' interview at Consensus 2021.

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Crypto App Luno Forced to Take Down ‘Time to Buy’ Bitcoin Ads in UK

The U.K.’s advertising watchdog banned Luno’s prevalent “Time to Buy” bitcoin ad, calling it “misleading” and “irresponsible.” Is the ban warranted? “The Hash” panel debates.

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