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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
Global Energy Price Jump Impact on Bitcoin Hashrate
“All About Bitcoin” Host Christine Lee presents data from Glassnode illustrating the difficulty of mining a bitcoin block, otherwise known as the hashrate, which dropped 0.35% on Thursday for the second time this month. Global electricity prices have risen alongside the continuation of Russia’s invasion into Ukraine, possibly leading certain miners to go offline.
Wasabi Wallet’s CoinJoin Coordinator to Blacklist Certain Addresses
CoinDesk’s Christie Harkin discusses the implications of the Wasabi wallet CoinJoin coordinator announcing plans to blacklist certain bitcoin addresses amid concerns of Russia evading sanctions through cryptocurrency. Plus, a preview of CoinDesk’s upcoming “Mining Week” content.
El Salvador’s Bitcoin Bond Issuance Apparently Delayed
The country’s finance minister had previously suggested the bond sale could be launched as soon as this week.
Bitcoin Holding Above $40K, Resistance at $46K
The four-month-long downtrend could be nearing an end.
Why Is the IMF So Afraid of Cryptocurrency?
The IMF is not a neutral aid organization, but the economic arm of a vast power structure. Crypto threatens that power.
How Does Bitcoin Mining Work?
Bitcoins are discovered rather than printed. Computers around the world “mine” for coins by competing with each other.
Bitcoin Mining Difficulty: Everything You Need to Know
In order to ensure bitcoin blocks are discovered roughly every 10 minutes, an automatic system is in place that adjusts the difficulty depending on how many miners are competing to discover blocks at any given time.
First Mover Americas: Bitcoin Downtrend Intact, Recession Fears May Weigh
The latest moves in crypto markets in context for March 18, 2022.
Popular Bitcoin Strategy Loses Shine as US Inflation Nears 8%
Still, crypto real yields remain relatively attractive compared with traditional markets and could continue to draw investors, some observers said.
