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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
BTC Rises Above $38K After Global Regulator Gives Greenlight to Banks to Hold Bitcoin and Other Digital Assets
Bitcoin hits highs above $38K early Thursday after The Basel Committee, which sets international banking standards, gives banks the green light to hold bitcoin and other digital assets. CoinDesk's Christine Lee breaks down the data.
Cryptocurrency’s Environmental Concern
Argo Blockchain CEO Peter Wall addresses bitcoin's growing energy problem in light of recent developments around El Salvador exploring volcano-powered bitcoin mining and China's continued crackdowns on bitcoin mining operations. Plus, his comments on Argo's recent stock performance and outlook.
Explosive Growth? El Salvador Explores Volcano-Powered Bitcoin Mining
Volcano-powered bitcoin mining goes from Twitter idea to official state policy in El Salvador, with President Nayib Bukele stating he would encourage volcano mining in the nation. He has instructed a state-owned geothermal electric company to make green energy available to do so. Is El Salvador becoming a bitcoin mecca? "The Hash" panel weighs in.
You Can Buy More Things Than Ever With Crypto, but Should You?
"The Hash" team explores the pros and cons of using bitcoin as a form of payment.
Meat Supplier JBS Paid $11M in Bitcoin to Hackers After Ransomware Attack
JBS USA Holdings Inc., the largest meat producer globally by sales, was hit with a ransomware attack and revealed that it paid hackers $11 million in bitcoin to solve the issue. "The Hash" panel continues the ongoing conversation around the role of cryptocurrency in ransomware, and the actions regulators need to take to resolve such attacks.
Bitcoin Price Rises Above $37K. What's Next?
The price of bitcoin has risen above $37,000 amid bullish news from El Salvador adopting bitcoin as legal tender and bearish news from China cracking down on more mining operations. Lindsay Joo of BitBull Capital shares her analysis of the possible factors impacting BTC's price and where we go from here. Plus, altcoins of interest to Joo and the inflation impact on crypto markets.
Will a Digital Dollar Solve the Crypto Ransomware Problem?
Responding to recent high-profile ransomware attacks on major food and oil companies, U.S. lawmakers are amping up their criticism of bitcoin and cryptocurrencies. Dave Jevans of CipherTrace, which tracks crypto crime and anti-money laundering trends, discusses the potential solutions to cyberattacks and whether having a digital dollar is one of them.
Bitcoin Hot in Singapore; China Widens Crypto Mining Bans
Bitcoin as legal tender a hot topic in Singapore. China bans crypto mining in Changji city and Qinghai province, and over 1,000 arrested in China on crypto-related money laundering charges. More on that story and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
Elizabeth Warren, US Lawmakers Put Bitcoin on Trial in Senate CBDC Hearing
CoinDesk’s Nikhilesh De on the main takeaways from Wednesday’s Senate Banking Committee hearing where Massachusetts Senator Elizabeth Warren and other lawmakers grilled four witnesses about bitcoin and their views on whether to develop a U.S. Central Bank Digital Currency (CBDC) or “digital dollar.”
Americans Earned Over $4B in Bitcoin in 2020, More Than Triple the Investors in Other Countries
A new study that shows which countries have realized the most bitcoin gains reveals American investors earned over $4 billion in bitcoin in 2020, more than triple that in any other country. CoinDesk’s Director of Data and Indexes Galen Moore digs into the data.