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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
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.
The Domino Effect of El Savador’s Bitcoin and Blockchain Adoption on Latin America
Koinbanx CEO Leo Elduayen and Mercado Bitcoin Director Fabrício Tota join “Community Crypto” to discuss El Salvador’s bitcoin law and blockchain projects and their impact on adoption elsewhere, particularly in Latin America. “What El Salvador is doing is an example for the rest of the countries,” Elduayen said.
Bitcoin Trending Lower in Lieu of China’s Crypto Crackdown
Bitcoin registered a series of lower price highs Friday, at one point shaving off $4,000 and meeting resistance at $41,000 following China’s renewed anti-crypto stance. The People’s Bank of China said bitcoin, ether and stablecoin tether do not qualify as legal tender and cannot be used in the currency market.
China’s Latest Crypto Ban Is Its Most Severe, Insiders Say
Individuals who live inside China but work for off-shore crypto exchanges can be subject to legal prosecution.
Why China’s Crypto Crackdown Is ‘Not the End of Bitcoin At All’
The People’s Bank of China announced Friday virtual currency-related business activities are illegal, warning they seriously endanger the safety of its citizens’ assets. Bitcoin slipped below $42,000 after the news and is down about 3% over the past 24 hours.