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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
The Crypto Company Aiding El Salvador’s Bitcoin Adoption
Chicago-based Athena Bitcoin deployed bitcoin ATMs in El Salvador a week after the government legalized bitcoin as legal tender. Despite rollout problems, the company remains bullish on the project. This piece is part of CoinDesk's Payments Week.
Bitcoin Back Over $40K as More Countries Embrace Crypto
Fresh signs emerged of accumulation by investors and greater adoption by nations from Africa to Central and South America.
Singapore’s Responsible Crypto Aim; Okay Bears Storm the Charts
Bitcoin mining difficulty hits all-time high. MAS says Singapore wants to position itself as a “responsible crypto hub.” Okay Bears NFTs help Solana net $2 billion in sales. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
Bitcoin Holding Support; Resistance at $43K
The current price action is similar to what occurred in 2018-2019.
Bitcoin Is Now Legal Tender in Central African Republic
CoinDesk's Nikhilesh De discusses the Central African Republic’s decision to adopt bitcoin as legal tender, following El Salvador as the second country to do so. De explains how currently the two nations’ economies are dependent on foreign powers, possibly driving them to digital assets as a means of self-sovereignty.
First Mover Americas: Bitcoin Draws Premium in Yen Markets, FX Volatility Spikes
The latest moves in crypto markets in context for April 28, 2022.
Morgan Stanley Says Over 100 Crypto Assets Were Created in Past Week, Mainly on DeFi Exchanges
Despite a fall in crypto prices, the creation of digital assets is still high, the bank’s analysts said.
Finland Selects Coinmotion, Tesseract as Brokers for Ukraine Bitcoin Donations
The two brokers will sell the bitcoin with the proceeds donated to Ukraine.
