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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
City of Austin Approves ‘Fact-Finding Study’ for Tax Payments in Bitcoin, Crypto
The Texas city will investigate the feasibility of adopting “bitcoin or other cryptocurrencies” with a study due in mid-June.
CleanSpark CEO: Crypto Mining and ESG Are Match Made in Heaven
CleanSpark CEO Zach Bradford addresses the often talked about ESG concerns of bitcoin mining, highlighting the use of renewable energy as a way to shift the narrative. Plus, insights on how China’s crypto mining ban affected the industry's carbon footprint.
Acorns Exec on Adding Bitcoin Exposure Option
Acorns Chief Investment Officer Seth Wunder discusses the normalization of cryptocurrency as their investment platform launches a new feature allowing customers to add bitcoin to their portfolios. Plus, a conversation about how Luna’s alleged plans to offer a BTC-reserved stablecoin could impact the crypto markets.
How Luna’s Plan to Buy $3B Worth of BTC Is Affecting the Market
As rumors circulate of the Luna Foundation Guard’s plan for a new BTC-backed UST stablecoin, Christine Lee presents on-chain data showing that $125 million worth of tether was moved out of a Gnosis safe address, along with another similar transaction to a Binance account. Lee discusses how Terraform Labs Co-founder Do Kwon’s plan to eventually purchase $10 billion in BTC could impact the crypto markets.
Market Wrap: Cryptos Rise as Russia Mulls Bitcoin for Oil Payments; Dogecoin Rallies
Bitcoin rose 4% over the past 24 hours, compared with a 6% rally in DOGE.
Bitcoin Retakes $44K Amid Broad Crypto Rally
Ether climbed above $3,100 for the first time in more than a month.
BlackRock to Offer Crypto Services
In a recent letter to shareholders, BlackRock CEO Larry Fink disclosed that the asset manager is exploring digital currency services for clients as the war in Ukraine pushes some countries to reassess fiat currency dependencies. “The Hash” hosts discuss the increasing institutionalization of bitcoin.
Bitcoin Strengthens Above $43K; Resistance at $46K-$51K
Momentum signals are on the verge of turning positive for the first time since August 2021.
Dogecoin Leaps to 1-Month High as ATM Operator Adds the Coin to Its Network
The cryptocurrency can now be traded at ATMs run by Bitcoin of America.
Why the Bitcoin Mining Debate Is So Dysfunctional
Specialization is necessary, but bitcoiners and miners need to learn to listen to each other, says Will Foxley, director of content at Compass Mining.
