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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
Buenos Aires Gov Official on Allowing Residents to Pay Taxes With Crypto
Buenos Aires Secretary of Innovation and Digital Transformation Diego Fernández discusses the city’s recent decision to allow residents to pay their taxes with bitcoin and other cryptocurrencies, touching on issues with rising inflation rates over the past several decades. Plus, insights into Argentina’s blossoming crypto community and the prospect of adopting bitcoin as legal tender in the country.
How Long Will This Bitcoin Bear Market Last?
Linqto Chief Strategy Officer Karim Nurani shares his bitcoin price outlook, commenting on the digital asset’s possibility of breaking through the current tight trading range around $40,000. Plus, a conversation on working with accredited investors in crypto and his involvement in the 2022 Global Investor Conference in Lisbon.
Bitcoin Lethargic as May Starts, Though Month Could Prove Pivotal
The largest cryptocurrency is up 1.3% so far in May, a month where returns historically have averaged 27%. But at least one analyst suggests the price could still drop as low as $32,000.
Warren Buffett and Charlie Munger Blast Bitcoin, but They Are Wrong
During Berkshire Hathaway’s annual shareholder meeting, investment tycoons Warren Buffett and Charlie Munger shared some controversial opinions on bitcoin, with Munger describing the digital asset as “stupid” and “evil.” “The Hash” group discusses Buffett’s long-standing history of opposition towards BTC and why Ethereum might have more appeal to him.
Marathon Digital Kicks Off Miners’ Earnings Season With Focus on Rig Deployment, Funding
The bitcoin miner will report its first-quarter results on Wednesday, followed by its first-ever earnings conference call.
Michael Saylor, Jack Dorsey Among Bitcoin Heavyweights Defending Mining in Letter to EPA
Bitcoin mining sites are no different than data centers operated by mega-cap tech firms such as Amazon, Apple, Google, Meta and Microsoft, the authors wrote.
NYDIG’s $59K Bitcoin Bounties Program Begins Paying Developers Who Improve the Network
The program, which launched two weeks ago, has paid out $1,800 so far, according to sources.
Why Warren Buffet is Wrong About Bitcoin
Osprey Funds Founder and CEO Greg King shares his crypto markets analysis, plus his reaction to the recent remarks from Warren Buffett and Charlie Munger as Buffett claims that he would not buy all the bitcoins in the world for $25 dollars.