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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
The ESG Debate of Bitcoin Mining
Justin Podhola, CEO of Elite Mining, provides insights into the great bitcoin energy debate and its impact on environmental, social and corporate governance (ESG) investing. Plus, how Elite Mining is pursuing sustainable mining solutions.
Market Wrap: Bitcoin Declines as Indicator Shows Rally Could Lose Steam
Comments from J.P. Morgan CEO Jamie Dimon contributed to a sour mood across crypto markets.
What Jamie Dimon Doesn’t Understand About Bitcoin
The JPMorgan CEO thinks the bitcoin supply cap is changeable. He ain’t wrong, but he definitely ain’t right.
Bitcoin Takes a Breather, Could Find Support at $50K-$52K
Upside momentum is slowing, although pullbacks could be limited into Asian trading hours.
How Far Can This Bitcoin Rally Go?
Bitcoin is eyeing $60,000, but can the rally be sustained? Mannik Dhillon, VictoryShares and Solutions president at Victory Capital, discusses what he sees as “fundamental catalysts that are developing” to support continued upward momentum. Plus, his take on whether a futures ETF could be bullish for crypto.
Squid Game NFTs Traded on OpenSea; Bitcoin on a Roll
Squid game NFTs are now traded on OpenSea. Also, bitcoin is on a roll and McDonald's China celebrates its anniversary with an NFT collection. We’ll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
Bitcoin Eyes $60K as Active Entities Surge, Price Chart Shows Impending Bull Cross
An increase in network adoption along with a price increase is believed to confirm an uptrend.
Buterin Calls Mandatory Acceptance of Bitcoin in El Salvador Counter to Crypto’s ‘Ideals of Freedom’
Ethereum co-founder Vitalik Buterin criticized the forced adoption of bitcoin in El Salvador in a comment he made in a Reddit forum on Friday, noting that “making it mandatory for businesses to accept a specific cryptocurrency is contrary to the ideals of freedom that are supposed to be so important to the crypto space.”
Crypto Funds Double Weekly Inflows to $226M
Crypto-focused funds took in more than double the amount of new money last week than the prior week as bullish sentiment returned to the bitcoin market. Digital asset investment products saw a total of $226 million in inflows during the week ended last Friday, up from $90 million the week before.