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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
Fidelity Digital to Expand Staff by 70% for Strong Crypto Demand
Fidelity Digital Assets, the crypto wing of U.S. broker Fidelity, plans to boost its headcount by 70% to capture the growing demand for crypto investments. "The Hash" team weighs in on traditional finance playing catch up and whether OG institutional players rushing in could cause bullish momentum for the digital asset space, despite bitcoin trading sideways.
Jim Rogers: El Salvador’s Bitcoin Adoption ‘Unlikely’ to Trigger Domino Effect
International investor Jim Rogers says “it’s unlikely” to the potential domino effect of El Salvador adopting bitcoin as legal tender around the world. “El Salvador has rarely, if ever, been a trendsetter that the world follows,” Rogers said.
Signs of BTC Hashrate Stabilizing?
CoinDesk's Christie Harkin discusses the potential signs indicating bitcoin's hashrate is stabilizing, amid speculation the worst fallout from China's recent mining crackdown might be over. Plus, the latest update on bitcoin's Taproot activation. "More than a quarter of bitcoin nodes have upgraded to the new protocol, and that's a big deal," Harkin said.
Bitcoin Price Seesaws in Tight Range Into the Weekend
Another quiet week for bitcoin as buyers and sellers appear to be in a stalemate. Bitcoin's prices have been caught between $31K and $36K since at least June 21. CoinDesk's Christie Harkin and Brad Keoun review the week's events that potentially drove BTC movements and discusses Sen. Elizabeth Warren's warning to the SEC regarding crypto regulation. Plus, Jack Dorsey's Square is launching a bitcoin hardware wallet.
Survey: El Salvadorans Wary of Bitcoin as Legal Tender
A new survey reveals that most of El Salvador's population is skeptical about bitcoin as a standard currency. "The Hash" hosts discuss the swift adoption and potential adverse side effects. "Bukele and his government did it so fast that people didn't have enough time to understand what was going on," co-host Danny Nelson. "They haven't done much to sell why this is useful."
Bitcoin ‘Overwhelmingly Outpaces’ S&P 500, Says Digifox CEO
Nicholas Marten, Digifox CEO and active YouTuber in the crypto community compares the recent crypto markets correction to bitcoin’s historical price trends, noting whether we’re in a bear market or a correction doesn’t really matter in the long term.
Delta Variant Spooking Crypto Markets? Fresh Warning on Crypto Payments
Concerns over the COVID-19 Delta variant hit markets as investors flock towards Bitcoin. Thailand’s central bank issues stark warning on cryptocurrency payments. South Korea's third major bank to provide crypto custody services. More on these stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
Long Term Uptrend for Bitcoin Ahead
Are we in a bear market? “I don’t think so,” Fairlead Strategies Technical Analyst Katie Stockton said. “Based on the technical indicators we track, from the long-term perspective, bitcoin is still in an uptrend.” Stockton discusses the positive outlook for bitcoin, despite being stuck in a consolidation phase. Plus, whether bitcoin’s dominance is bottoming out.
Key Findings From CoinDesk’s Q2 Research
CoinDesk Research Associate George Kaloudis says, “we’re in a bear market,” pointing to a chart depicting bitcoin’s bear and bull cycles over the past six years. He also compares the Q2 performance of the “CoinDesk 20” top assets, noting the divergence between ethereum’s gains and bitcoin’s losses. “That almost never happens,” he said.
Mercado Bitcoin Director: ‘Crypto Adoption in Brazil Is Happening’
Crypto is booming in Brazil as its largest exchange Mercado Bitcoin raises $200 million from the SoftBank Latin America Fund. Mercado Bitcoin’s Fabricio Tota discusses the state of crypto in the country. “Crypto adoption here in Brazil and South America is really happening,” Tota said.