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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
Why US Lawmakers Are Considering Legislation on El Salvador’s BTC Adoption
A new bill titled the Accountability for Cryptocurrency in El Salvador (ACES) Act has been presented in the U.S. House of Representatives by a bipartisan group of regulators. “The Hash” panel discusses the legislation's intention to protect the U.S. economy from El Salvador's bitcoin adoption while also touching on concerns raised by global financial institutions like the International Monetary Fund (IMF).
Lightning Labs Raises $70M to Bring Stablecoins to Bitcoin
Lightning Lab's Elizabeth Stark announced a Taproot-enabled protocol called Taproot Asset Representation Overlay (Taro) that has received $70 million in Series B funding to bring stablecoin capability to the Bitcoin network. “The Hash” panel discusses how this project can revitalize Bitcoin’s early function as a means for payments and the technological capabilities of the Taproot upgrade.
Bitcoin Range-Bound; Support at $43K-$45K
Buyers could remain active on pullbacks into the Asia trading day.
Marathon Digital to Move Mining Rigs From Coal-Powered Montana Site
The company wants its bitcoin mining operations to be 100% carbon neutral by the end of the year.
Swan Bitcoin CEO on LFG’s Bitcoin Reserves Impacting the Crypto Markets
Swan Bitcoin CEO Cory Klippsten discusses the Luna Foundation Guard’s recent bitcoin buying spree for its UST reserves, commenting on the Anchor Protocol and Terraform Labs Co-Founder Do Kwon’s recent statement about Terra’s impact on the crypto markets. Plus, comments on bitcoin adoption curve and why he thinks BTC’s market cap could reach $21 trillion eventually.
Lightning Labs Raises $70M to Bring Stablecoins to Bitcoin
The Taproot-powered “Taro” protocol aims to bring low-fee stablecoin and asset transfers to the Bitcoin Lightning Network.
US House of Representatives to Consider Legislation on El Salvador’s Bitcoin Adoption
The bi-partisan Accountability for Cryptocurrency in El Salvador (ACES) Act mirrors legislation that advanced out of a Senate committee last month.
First Mover Americas: Bitcoin's Pause Fails to Deter Optimism
The latest moves in crypto markets in context for April 5, 2022.
