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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
Strike Extends Bitcoin Lightning Network-Powered Remittances to Philippines
Digital payments firm Strike is expanding its international money transfer service that runs on Bitcoin’s Lightning Network to the Philippines to tap into the country’s remittance market, which is one of the world’s largest. "The Hash" hosts discuss what this means for the future of bitcoin payments and crypto's use case as a potential tool for financial freedom.
Strike Expands Lightning Network-Powered Remittances to Philippines
The Philippines is one of the world’s largest remittance markets, at $35 billion, and Strike says it will use its service, powered by the Bitcoin blockchain's Lightning Network, to make the international payments faster and cheaper than available in the traditional financial system.
Bitcoin Community Erupts in Existential Debate Over NFT Project Ordinals
Some are calling the new protocol, which stores NFTs on Bitcoin, an attack on the blockchain's original mission to conduct financial transactions. Others say the new use case should be embraced alongside other demands for block space.
First Mover Asia: Centralized Exchange Tokens Post Solid Gains in January Despite SEC Interest; Bitcoin, Ether in the Red.
The tokens of Binance, Crypto.com and KuCoin are all comfortably in the green over the past month.
Bitcoin Suffers Largest Daily Plunge Since November to Sink Below $22.6K as Fed Meeting Looms
The largest cryptocurrency by market capitalization was recently down over 4.5% amid ongoing worries about inflation and the size of the next interest rate hike.
Crypto Markets Today: Bitcoin Dips Below $23K Ahead of Fed’s Meeting
Also: The Sandbox’s SAND token surges ahead of its token unlock. Equities close lower.
Crypto Markets Analysis: Bitcoin 'Whale' Deposits on Exchanges Surpass Withdrawals
Holders of large amounts of bitcoin may be looking to take early profits, which could send the price lower – although probably not enough to rock markets.
The Debate Over NFTs on Bitcoin
"The Hash" panel discusses the debate around a newly-launched NFT protocol on Bitcoin and what this will mean for the Bitcoin ecosystem.
Investors Pump Money Into Crypto Funds Amid Pickup in Market Sentiment
Bitcoin dominated this week's inflows, accounting for almost all of the $117 million coming in.
