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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
Lolli CEO Talks Bitcoin, the Research Triangle Raleigh-Durham-Cary Emerging As America’s Next Crypto Hub and More
Raleigh-Durham, North Carolina is already a top tech city, but could it also become a top crypto industry hub? North Carolina native, Lolli CEO Alex Adelman, discusses his upbringing and how his proximity to the Research Triangle paved the way for his journey to bitcoin and Lolli.
Charlotte, North Carolina as a Bitcoin City?
Bitcoin Charlotte founder Jacob Parrish and Old North Capital Fund founder and CEO David Seroy discuss the importance of bitcoin in a prominent banking city like Charlotte, North Carolina, and how it fits into the existing landscape of traditional finance.
Chart of the Day: Bitcoin Mining Consumes Almost The Same Amount of Electricity as Malaysia or Egypt
“All About Bitcoin” host Christine Lee breaks down the chart tweeted by Elon Musk Thursday, with bitcoin’s annualized estimate electricity consumption being approximately 150 TWh, or about the same size consumed by Malaysia or Egypt.
Elon Musk, Bitcoin and the Ongoing Energy Debate
Responding to Elon Musk calling the bitcoin energy usage trend “insane,” CleanSpark CEO Zach Bradford sheds light on the ongoing debate about cryptocurrency and energy consumption.
MicroStrategy Buys the Dip...Again
MicroStrategy announced the company bought another $15 million of bitcoin. "The Hash" panel discusses how CEO Michael Saylor continues to double down on BTC and the potential impact on the markets.
Did Tesla's 180 on Bitcoin Payments Scare the Market?
Bitcoin prices dropped today after Elon Musk tweeted a statement indicating that Tesla would no longer accept bitcoin payments for its electric cars. Many in the crypto ecosystem blame Musk, but is the tweet really to blame for bitcoin's drop? And if it is, is it cause for concern that the behavior of individuals can so drastically impact the crypto markets? Kyle Samani of Multicoin Capital weighs in.
Canadian Bitcoin Miner Bitfarms Will Soon Be Listed on the Nasdaq
Toronto-based bitcoin miner Bitfarms has received approval for common stock listing on the Nasdaq, something Bitfarms President Geoffrey Morphy says is a longtime dream that will help the company grow in the international market. Morphy weighs in on Bitfarms' expansion plans and the technological improvements Bitfarms has to make mining more eco-friendly.
Bitcoin, Inflation and the U.S. Dollar
Data from Coin Metrics show bitcoin rising as the U.S. dollar weakens. Will the trend continue in light of Wednesday's Consumer Price Index (CPI) report showing inflation climbing at a faster pace than economists expected? "All About Bitcoin" host Christine Lee reviews the data in Chart of the Day.
SEC Staff Calls Bitcoin “Highly Speculative,” Hints at ETF Skepticism
According to a published staff statement, the U.S. Securities and Exchange Commission (SEC) says bitcoin is a “highly speculative” asset. “The Hash” team examines the regulator's skepticism towards supporting a bitcoin ETF (exchange-traded fund) and the more significant role of the SEC in the cryptocurrency ecosystem.
Ether Hits $500B Market Cap for First Time
Ether (ETH) touched the $500 billion market cap Wednesday, surpassing the valuation of financial giants like JPMorgan and Visa. "The Hash" discusses why this milestone is significant and the prospects of a "flippening."