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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
Colonial Pipeline CEO Testifies in Front of Senate Homeland Security Committee on Ransomware Hack
Joseph Blount, the CEO of Colonial Pipeline, is testifying before Congress Tuesday over his company’s decision to pay an estimated $5 million in bitcoin to the ransomware hackers.
Paraguay to Embrace Bitcoin After El Salvador?
Paraguay may follow El Salvador in announcing meaningful adoption of bitcoin, following a tweet by Paraguay congressman Carlitos Rejala saying a new project will begin this week involving bitcoin and PayPal. Bitcoin.com.py CEO Juanjo Benitez Rickmann joins “First Mover” to discuss the way ahead for crypto adoption in Paraguay.
Bitcoin Suffers Steepest Drop in 10 Days
Andre Portilho, Head of Digital Assets at BTG Pactual, has a crypto markets update and outlook after the price of bitcoin plunged at the highest rate in 10 days.
Bitcoin Could Become Legal Tender in El Salvador
Avik Roy, the president of Foundation for Research on Equal Opportunity and Forbes Policy Editor, joins “All About Bitcoin” to explain why he thinks the U.S. cannot deny bitcoin as a currency once El Salvador establishes it as legal tender.
A Flood of BTC Moving Off Exchanges Since El Salvador President Bukele’s Announcement
El Salvador President Nayib Bukele's goal to make bitcoin legal tender is lifting sentiment around bitcoin. Since his announcement, a flood of BTC has been moving off exchanges at the highest rate since last November. Is that a sign of a bullish trend? “All About Bitcoin” host Christine Lee breaks down the Chart of the Day.
Is Bitcoin Still In a Bull Market?
A flood of bitcoin has been moving off exchanges since El Salvador President Nayib Bukele announced the nation is looking to adopt bitcoin as legal tender. Still, the crypto markets remain slightly changed, and the price of bitcoin has yet to rise past $40K. CrossTower Research Analyst Martin Gaspar discusses the short-term trend for BTC.
BlockFi’s Botched Promo Payouts Continued into April, Adding More Confusion for Users
Crypto lender BlockFi made headlines earlier this year as it reportedly tried to reverse the excessive amounts of bitcoin sent by mistake to user accounts during a bitcoin promo. The fallout continued into April, adding more confusion for users. “The Hash” team discusses why the continued fallout from this error might be a bigger deal than it seems.
Trump: Bitcoin Is A ‘Scam’
Former President Donald Trump said Monday bitcoin seems like a “scam” and that it threatens the U.S. dollar as the world’s reserve currency during an interview with Fox Business’ Stuart Varney. “The Hash” panel discusses Trump’s claim.
President of El Salvador Says He’s Submitting Bill to Make Bitcoin Legal Tender
Milestone in monetary history? El Salvador is looking to be the world’s first sovereign nation to adopt bitcoin as legal tender, says El Salvador President Nayib Bukele. “The Hash” team unpacks Bukele’s announcement, raising questions of whether or not bitcoin can be a valuable financial tool under authoritarian regimes.
The First SEC-Registered Crypto Robo-Advisor Makara Launches Mobile App
Makara CEO and co-founder Jesse Proudman joins "First Mover" to discuss the new mobile app with a waitlist of over 20,000 people. The new app offers six thematic baskets of assets specifically weighted to bitcoin, ethereum and decentralized finance (DeFi) tokens.