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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
Kleiman v. Wright: The Trial Transitions From Plaintiffs to the Defense
Lawyers for Dave Kleiman’s estate wrap up, but not before accusations of intimidation interrupt proceedings in the lawsuit against Craig Wright.
Bitcoin Holding Support at $60K; Could Face Resistance at $63K-$65K
The long-term uptrend remains intact despite slowing price momentum.
Market Wrap: Bitcoin Pullback Pauses as Traders Reduce Leverage
Technical indicators show a positive upward trend for BTC.
Bitcoin Crowd Appears High on ‘Hopium’ as ‘Buy The Dip’ Trends
As bitcoin nurses a weekly price drop of 9%, its social metrics indicate the retail crowd is high on “hopium,” crypto slang for hopes of a quick recovery and a continued bull run. New data reveals “buy the dip” mentions on social media rose to 952 Tuesday, hitting the highest levels since Sept. 7, when bitcoin crashed by 11%. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
Global Macro Factors Impacting Bitcoin Price
Bitcoin is stabilizing around the $60,000 support level after declining about 15% from an all-time high near $69,000. CoinDesk Director of Data and Indexes Galen Moore discusses the macro factors that may be impacting the price of bitcoin and the wider crypto markets. Plus, his views on shifting global risk appetites towards cryptocurrencies.
Athena Bitcoin CEO on Bitcoin Adoption and ATM Installations in El Salvador
El Salvador now has the world's third-largest bitcoin ATM network. This comes as Athena Bitcoin has installed around 200 bitcoin ATMs in the country as part of a plan to install 1,500 machines in total. Athena Bitcoin CEO Eric Gravengaard shares insights into the scope of his firm's involvement in scaling bitcoin ATMs in El Salvador. Plus, an update on the country's bitcoin rollout and the remaining challenges ahead.
Bitrefill Enables Salvadorans to Pay Many of Their Bills With Bitcoin
Salvadorans will be able to pay for 150 different services with bitcoin via on-chain or Lightning Network transactions.
After Taproot, What’s Next for Bitcoin’s Future?
Now that Bitcoin has Taproot, here are some other interesting soft fork changes developers have been eyeing.
Avalanche’s AVAX Token Surges to All-Time High After Deloitte Deal, Defying Crypto Trend
The token is up 85% in the past 30 days, pushing its market capitalization to $23 billion.
Bitcoin Still Unsuited for Mainstream Payments, Says Deutsche Bank
Legacy payment networks still win for mainstream payment uses, the investment bank wrote this week.
