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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
Bitcoin Price Remains Flat?
The crypto markets were quiet early Monday, and BTC trading volume remained low. We hear from Nischal Shetty, of Indian crypto exchange WazirX, on his analysis and outlook.
Is Elon Musk Breaking Up With Bitcoin?
Elon Musk's Twitter presence is pouring cold water over the crypto markets, again. Musk tweeted a meme of a couple breaking up and included a broken heart emoji and #Bitcoin, prompting many to speculate Musk is breaking up with bitcoin. The markets plunged in response. "All About Bitcoin's" host Christine Lee breaks down the data in the Chart of the Day.
Hong Kong’s Bitcoin Meetup Ahead of Bitcoin 2021; Banksy Work Offered for Crypto
Hong Kong holds a Bitcoin gathering ahead of Bitcoin Conference 2021 in Miami. State-backed Copyright Society of China launches new blockchain service. Auction house accepts ETH and BTC for physical Banksy art piece. We’ll have more on that story and other news shaping the cryptocurrency and blockchain world in this episode of The Daily Forkast, June 4.
Is Elon Musk Breaking Up With Bitcoin?
Bitcoin’s price fell after Elon Musk tweeted a breakup meme, adding a broken heart emoji and #Bitcoin, leading Crypto Twitter to speculate on what the Tesla CEO’s cryptic tweet means. “The Hash” panel debates whether Musk is breaking up with bitcoin, and the dangers of having self-appointed leaders in the leaderless and decentralized crypto space.
Paxful Launches Tool Allowing Merchants to Get Paid in Bitcoin
Peer-to-peer digital asset marketplace Paxful is launching a tool that will allow businesses to receive payments in bitcoin. The tool is particularly aimed at merchants who have been shut out of the traditional banking system. Paxful CEO Ray Youssef explains the use case for the new tool. Plus, the state of crypto adoption in Africa.
Did Elon Musk's Bitcoin Breakup Emoji Spook the Markets?
Bitcoin dropped to $36K today, and many are blaming the drop on Elon Musk's Twitter presence. The Tesla CEO posted a broken heart meme insinuating he was breaking up with bitcoin, but is that what's really behind bitcoin's dip? Jeffrey Wang of Amber Group joins "First Mover" to weigh in on what's driving the crypto markets.
Is Banning Bitcoin the Solution to Ransomware Attacks?
After the Colonial Pipeline ransomware attack, some on Capitol Hill are wondering whether restrictions – or even an outright ban – on bitcoin are a solution for the growing problem of ransomware attacks. CoinDesk's Nik De weighs in.
Bitcoin's Price Inches Towards $40K, Are Further Gains Ahead?
The price of bitcoin is hovering around $38K, but is the upward momentum likely to last? "All About Bitcoin's" host Christine Lee looks at the data in the "Chart of the Day."
Governments Meet Crypto Industry; Hope for Bitcoin Miners in Sichuan
Governments throughout Asia are meeting with the crypto industry to discuss how to regulate the booming industry. Chinese local media reports the authorities in Sichuan may take a more lenient approach to bitcoin mining despite Beijing’s mining clampdown. Also, BC Group’s OSL announces tie-up with SC Ventures. More on that story and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
Multi-Sigs Addresses Have Been Accumulating More Bitcoins Since 2018. What Does This Mean for Your Investment?
Adoption of multi-signature addresses rose significantly after first being introduced, but since 2019 have plateaued. The much-anticipated Taproot activation is expected to boost multi-sig use. CoinDesk's Galen Moore joins "All About Bitcoin" to discuss the importance of multi-signature technology.