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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
Titan Investment: 'Bitcoin's $60K-$100K Run Will Be Moved by Retail'
Following the activation of Bitcoin's long-awaited Taproot upgrade, Gritt Trakulhoon, an analyst at Titan, discusses his bitcoin analysis and outlook. "Right now, you can see that the run from $30K to $60K for bitcoin was .. moved by institutions," Trakulhoon said. "I believe $60K to $100K will be moved by retail."
Taproot Goes Live, Hong Kong Crypto Kidnap
Chinese official expelled over crypto mining. Bitcoin's Taproot upgrade goes live. Hong Kong police make arrests after crypto kidnapping. We'll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
Bitcoin’s Long-Anticipated Taproot Upgrade Now Activated
Taproot, the long-anticipated Bitcoin upgrade, activated Sunday at block 709,632, opening the door for developers to integrate new features that will improve privacy, scalability, and security on the network. CoinDesk Managing Editor for Technology Christie Harkin explains how it works and the new features this upgrade could bring to the network.
Marathon Digital to Raise $500M in Convertible Notes
The bitcoin miner will use the proceeds to buy bitcoin and bitcoin miners.
Bitcoin’s Bull Flag Breakout Suggests More Upside; Support at $57K
The cryptocurrency could break the six-figure mark in Q4, one firm said.
Bitcoin Still a Risk Asset Despite Last Week’s Inflation-Led Rally, TradFi Experts Say
An elevated inflationary environment is completely new territory for bitcoin and its reaction function, one analyst said.
VanEck to Launch Bitcoin Futures ETF ‘XBTF’ Next Week After SEC Rejects Spot Offering
Chicago-based CBOE exchange says in website posting that the VanEck Bitcoin Strategy ETF will start trading Tuesday under the ticker symbol “XBTF.”
Will the Holiday Season Bring Gifts or a Lump of Coal for Bitcoin Investors?
There are just seven weeks left in the year, and it seems there’s no consensus on who will win out: the HODLers (steadfast accumulators) or the profit-takers.
Indian Government to Take ‘Progressive’ Steps on Crypto, Sources Say After PM Modi’s Meeting
The Parliamentary Standing Committee on Finance will meet industry representatives next week to seek their views.
