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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
Why the Crypto Markets Might Take Another Dive Next Week
CoinDesk Managing Editor of Technology Christie Harkin joins "All About Bitcoin" host Christine Lee to explore what to expect next week in the crypto markets, where the miners might be heading following China's crypto ban and why we may see some short-term downside.
The Problem With El Salvador’s Bitcoin Law, Effective September 7
Bitcoin will become legal tender in El Salvador beginning September 7, El Salvador President Nayib Bukele announced Thursday during a national address. He added every citizen will be gifted $30 via an e-wallet, once they verify their identities. Frances Coppola, author of "The Case for People's QE," discusses the "immense risks" of El Salvador's bitcoin currency rollout. Plus, why she thinks dai (DAI) is a bigger concern than tether (USDT).
El Salvador: Watershed Moment for Crypto as Bitcoin Becomes Legal Tender This September
Bitcoin will officially become legal tender in El Salvador beginning September 7, and any citizen who signs up for the digital wallet “Chivo” will receive $30 worth of the cryptocurrency. “The Hash” hosts discuss El Salvador’s bitcoin currency rollout and why this is a watershed moment for the digital asset space.
How Is El Salvador’s Currency Law Impacting Bitcoin’s Price?
Gavin Michael, CEO of digital wallet provider Bakkt, has bitcoin price analysis and outlook, as El Salvador confirmed bitcoin will become legal tender on September 7. “Bitcoin has really proven that it’s here to say,” he said.
Why JPMorgan Analysts Are Bearish on Bitcoin
While some observers say bitcoin's price has bottomed out, analysts at JPMorgan remain bearish, identifying the impending unlocking of shares in the Grayscale Bitcoin Trust (GBTC) purchased in January as a source of downside risk to the cryptocurrency. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
Bitcoin Scam in South Africa? Africrypt Founders and $3.6B Bitcoin Missing
The founders of South Africa-based crypto investment firm Africrypt are reportedly missing, along with 69,000 bitcoins worth approximately $3.6 billion. "The Hash" team investigates the mystery. "This could rank as one of the largest crypto cons in history," says host Naomi Brockwell.
‘I Regret Nothing’: Crypto Advocate John McAfee’s Controversial Life and Death
“The Hash” hosts react to the news of tech entrepreneur and bitcoin bull John McAfee’s apparent suicide in a Spanish prison, including his controversial life and the legacy he left behind for the cryptocurrency industry. “The U.S. believes I have hidden crypto… I have nothing.
CoinGecko CEO Thinks We Are in a Cryptocurrency Bear Market
CoinGecko Co-founder and CEO Bobby Ong has his crypto markets analysis and bearish outlook for bitcoin, saying "having an asset going down 50% from its all-time high shows that we are clearly in a bear market."
Is BTC Rangebound, a Buying Opportunity, or Is Another Price Drop Expected?
Marc Lopresti of The Strategic Funds shares his bitcoin analysis and outlook, exploring whether the recent price drop indicates a buying opportunity or further price dip. He says the potential factors driving institutional interest in the crypto markets is a combination of regulation and ESG efforts. Plus, comments on fear, uncertainty, and doubt (FUD) and the impact of China's crypto crackdown.
El Salvador's Challenges Implementing Bitcoin as Legal Tender
Luke Stokes, of the Foundation for Interwallet Operability, recently visited El Salvador as part of a delegation of crypto entrepreneurs looking to expand bitcoin adoption in the Central American country. He joins "All About Bitcoin" to discuss the key findings from his trip. He also explores El Salvador's potential challenges and outlook of implementing bitcoin as legal tender.