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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
Layer 2 Labs Raises $3M to Bring Drivechains to Bitcoin Network
Bitcoin development firm Layer 2 Labs has raised a $3 million seed round from angel investors to bring drivechains and other innovative technologies to Bitcoin. "The Hash" hosts discuss what this means for the Bitcoin community.
Machankura’s Bitcoin Wallet Targets Africans With Old-School Phones and No Internet
The service lets users in nine African countries tap into the Bitcoin Lightning network using basic feature phones. “Anyone who's interested in using bitcoin and living on bitcoin should be able to do so easily,” founder Kgothatso Ngako said.
First Mover Americas: Bankrupt BlockFi Asks US Court to Greenlight Withdrawals
The latest price moves in crypto markets in context for Dec. 20, 2022.
Bitcoin Development Company Layer 2 Labs Raises $3M to Bring Drivechains to Network
The round, which was funded by angel investors, will provide capital for the company to implement innovative sidechain systems on the Bitcoin network.
Bitcoin Gains 2%, Stocks Drop as Bank of Japan Allows Benchmark Bond Yields to Rise
The BOJ unexpectedly lifted the cap on the 10-year Japanese government bond yields to 0.5% from 0.25%, ending the prolonged period of near-zero yields.
First Mover Asia: Taiwan's Dreams of Becoming Blockchain Hub Prove Elusive
Taiwanese law makes it difficult for startups to incorporate on the island, explains a Taipei-based lawyer, meaning many locally based firms legally call another place home.
Crypto Markets Today: Binance.US to Buy Voyager Digital's Assets; Bitcoin Slides Into the Red
Top assets in the crypto market slid around 1%.
Could FTX Collapse Trigger a Crypto Domino Effect?
Bitcoin (BTC) is trading flat around $16,500 as concerns linger that FTX's collapse could trigger a domino effect in the crypto industry. Tactive Wealth Advisor Eddy Gifford shares his bitcoin outlook and investment strategies as the strategist predicts the bottom is close for the largest cryptocurrency by market capitalization.
Crypto Markets Analysis: Bitcoin Correlations Show Dollar Still Rules (in the Inverse)
Bitcoin's relationship with the U.S. Dollar Index returns to form, with macroeconomic factors continuing to drive crypto prices.
The 10 Biggest Developments in Bitcoin in 2022
Whether it's the Taro upgrade or growth in the Lightning Network, Bitcoin has seen steady progress this year, says Cory Klippsten, Tomer Strolight and Sam Callahan of Swan Bitcoin.
