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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
SpaceX Engineer 'MillionaireMike' Pleads Guilty to Insider Trading
A SpaceX engineer pleaded guilty to selling fabricated insider trading information on the dark web in exchange for bitcoin. "The Hash" panel analyzes the larger significance of this saga.
Turkish Lira Tumbles as Erdogan Axes Turkey’s Central Bank Chief
Turkish President Recep Erdogan fired the head of the country’s central bank. In the wake of the lira’s tumble, internet searches for “bitcoin” in Turkey have skyrocketed. “The Hash” panel weighs in on the increasing role of crypto in unstable economies.
Former Bitcoin Critic and 'Wolf of Wall Street' Predicts $100K BTC
Jordan Belfort, the former stockbroker known as the "Wolf of Wall Street" has changed his tune on bitcoin. "The Hash" panel breaks down Belfort's previous statements about central bank digital currencies superseding bitcoin, and whether Belfort's price predictions should even be taken seriously.
Will Bitcoin Hit $200k by September?
Commodities investor and Factor CEO Peter Brandt joins "First Mover" to share his latest bitcoin charts and price predictions. "We're looking at the possibility of bitcoin going up into the $180K to $200K level by the third, early in the fourth quarter of this year," Brandt said. While he's currently bullish on bitcoin, Brandt explains why he believes the cryptocurrency is a "binary bet" that ultimately could go either way.
Is Bitcoin Due for a Price Correction?
Reports that bitcoin is due for a price correction, including from CoinDesk’s Omkar Godbole, suggest the bitcoin market might be slowing, with some analysts predicting prices as low as $40K. The “All About Bitcoin” panel weighs in on bitcoin’s week ahead and discusses how BTC compares to altcoins on returns on investment.
Stimulus Checks, Bitcoin ETFs and Institutional Investment: Bitcoin's Week in Review
It's been a big week for bitcoin: stimulus checks, a doveish Federal Reserve meeting and multiple reports from major financial institutions, but bitcoin's price has remained steady. "All About Bitcoin's" week in review panel catches up on the week's biggest events in the crypto sphere.
How Bitcoin and Blockchain is Transforming the South Side Chicago Community
South Side Blockchain co-founders Darren Heard, Ron Daniel, and LaTaevia Berry join "Community Crypto" to discuss some of the biggest blockchain projects swirling in Chicago and how the city’s NFT arts and music movement desegregates its communities.
Bank of America Says DeFi Potentially ‘More Disruptive’ Than Bitcoin
In a new report titled “Bitcoin’s Dirty Little Secrets,” Bank of America had a lot to say about bitcoin. Decentralized finance’s potential to overshadow bitcoin, the uses of Ethereum and the future of CBDCs were all also covered in BoA’s report. “The Hash” panel has a lot of unpacking to do.
Will Bitcoin Be the Currency of the World? Scaramucci: 'It's Quite Possible'
Anthony Scaramucci, founder of Skybridge Capital and former White House communications director, discusses bitcoin, DeFi, NFTs and all things crypto. When asked about a BTC price prediction, he said, "I'm sticking with $100,000 because if I tell people what I really think ... they're gonna think that I'm nuts." But when asked about a much higher price point, he didn't rule that out.
Nexo: $100K BTC Is Inevitable but Won’t Be a Smooth Ride
Antoni Trenchev of Nexo explains his reasoning behind his $100K bitcoin price prediction. “Everything is lined up to bitcoin’s benefit,” Trenchev said. “But the ride won’t be a smooth one because we are in a very late stage of this wave.” Plus, Trenchev shares why Nexo is bullish on Ethereum.