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

Markets

Asia's Elite Embrace Crypto, Foresee Bitcoin at $100K by Year-End

Digital assets have emerged as an alternative investment class for private wealth in Asia, with 76% of family offices and high-net-worth individuals investing in cryptocurrencies versus 58% in 2022.

By Omkar GodboleOct 17, 2024

Bitcoin may soon reach $100K, says Galaxy Research. (Unsplah)

Tech

Gold Arrives on 'Digital Gold' as Bitcoin Gets Tokenized Version of the Metal

Bitcoin, the cryptocurrency, is often referred to as "digital gold," but now it is possible to mint and trade physical gold on the Bitcoin blockchain via the Ordinals protocol – essentially encoding ownership of the yellow metal into an NFT.

By Jamie CrawleyOct 17, 2024