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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
3 Takes About China’s Crypto Ban That Are Wrong
Some common responses to China’s crackdown are missing key context.
El Salvador Pres. Nayib Bukele: Almost a Third of Salvadorans Are Using the Bitcoin Wallet
Almost a third of Salvadorans, or roughly 2.1 million people, are actively using the El Salvador government-run bitcoin wallet Chivo less than a month after the country adopted the cryptocurrency as legal tender, President Nayib Bukele said in a tweet. "The Hash" team discusses the latest on the state of crypto affairs and bitcoin adoption in El Salvador.
Bitcoin Above $42K Support, Resistance at $46K-$48K
Buyers could remain active at support level as the sell-off stabilizes.
Crypto Funds Draws Most New Money in 3 Weeks Even as China Cracks Down
Bitcoin had $50 million in inflows last week.
Bobby Lee on China's Crypto Ban: 'Cryptocurrency Will Never Get Squashed,' Predicts Bitcoin Goes Up to $100-$200K by Year-End
Reacting to China's latest cryptocurrency crackdown outlawing crypto-related transactions as the country's most comprehensive and severe ban yet, Ballet CEO and former BTCC co-founder Bobby Lee discusses why bitcoin will always be around and thrive. "As a planet, cryptocurrency will never get squashed," he said. Lee also shared his take on the future of OTC trading in China as prominent crypto exchange Huobi Global announced it would stop serving existing China-based users by December 31. Plus, bitcoin's price prediction by the end of the year.
5 Reasons Why Bitcoin Remains Below $50,000
Bitcoin’s price has been struggling to break above the psychological barrier of $50,000 for over 130 days now. What’s going on?
Huobi to Gradually Expel Its China Users in Wake of Ban; Token Slides to 8-Month Low
Huobi token’s price hits the lowest since late January
Market Wrap: Bitcoin Stabilizes After China Crypto Ban Sell-Off; Volatility to Remain Elevated
Cryptocurrency trading has calmed, but analysts expect further volatility.
China’s Latest Crypto Crackdown Draws Yawns From Bitcoin Market Vets
It may be China’s most comprehensive crypto ban to date, but insiders are unfazed.
El Salvador's Bitcoin Experiment and Expansion into Blockchain Innovation
As El Salvador continues to experiment with bitcoin and blockchain technology, the government has chosen asset tokenization company Koibanx to develop the country's blockchain infrastructure. Koinbanx CEO Leo Elduayen discusses the products they're building for El Salvador on the Algorand protocol. Fabrício Tota, director of Brazil-based crypto exchange Mercado Bitcoin, also shares his views on the impact of El Salvador's Bitcoin Law on the state of crypto in Latin America.