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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
Bitcoin-Friendly App Damus Avoids Apple Deplatforming After 2-Week Battle Over 'Zaps' Tipping
Apple had threatened to eject the bitcoin-friendly social media app from its App Store by June 27 unless Damus removed the ability to receive bitcoin tips via “zaps” on content posts.
GBTC Volume Increases 79% in June Amid TradFi ETF Applications
The trust’s trading volume increased to $45 million in June.
First Mover Americas: First Leveraged Bitcoin ETF in U.S. Trades $5.5M on Day One
The latest price moves in crypto markets in context for June 28, 2023.
Syscoin Developer Launches Ethereum-Compatible Layer 2 Network Secured by Bitcoin Miners
Sys Labs, the company behind the project, claims the new network "Rollux" will provide for speedy and affordable transactions while relying on the Syscoin blockchain's "merged mining" security method.
Michael Saylor's MicroStrategy Now Holds Over $4.6B Worth of Bitcoin
The firm bought over 12K bitcoin for $347 million in the last two months.
Crypto Miners Sent Over $1B Bitcoin to Exchanges Over Two Weeks: CryptoQuant
Miners usually sell bitcoin at favorable prices to keep their extensive computing operations running.
Bitcoin Bulls Getting Ready for Seasonal Surge: Matrixport
The largest cryptocurrency by market cap tends to rally in the month of July, the report said.
First Mover Asia: Bitcoin Maintains $30K as ‘the Economy Isn’t Breaking Just Yet’
ALSO: Singapore ranked second in CoinDesk's Crypto Hubs survey. The city state raised billions through IPOs, weathered the collapse of homegrown darlings Terraform Labs and Three Arrows Capital and is now searching for the right regulatory balance to encourage crypto without getting burned again.
