BITCOIN
Bitcoin (BTC) is the world’s first open-source, peer-to-peer cryptocurrency developed by a pseudonymous person or group of people under the name of Satoshi Nakamoto in 2008. The identity of Satoshi Nakamoto remains a mystery. The crypto is run on distributed ledger technology, also known as blockchain. Bitcoin allows for lower transaction fees than traditional online payment systems, and is decentralized, unlike government-backed currencies. Bitcoin is the world’s largest cryptocurrency by market capitalization and has a limit of 21 million coins. The cryptocurrency uses a proof-of-work protocol to enable security, privacy, and legitimacy of monetary transactions. The issuance of Bitcoin requires mining, where programmers solve a difficult cryptographic puzzle to be able to mine Bitcoin, which earns them a reward. Bitcoin remains the most popular cryptocurrencies, all other cryptocurrencies are known as altcoins.
Mox Bank to Launch Crypto Investment Services
Hong Kong-based virtual bank Mox Bank has recently announced plans to introduce cryptocurrency investment services in the second half of 2024, providing customers with access to popular digital assets such as Bitcoin and Ethereum.
Ankr Introduces Bitcoin RPC Endpoints
Ankr has launched Bitcoin RPC endpoints, enabling developers to easily interact with the Bitcoin network and build applications without the need for complex node operations.
Bitcoin Market Shaken as Dormant Whale Moves $67M Worth of BTC after 14 Years
A dormant Bitcoin whale has transferred 1,000 BTC to Coinbase after 14 years, a move that may have influenced the recent dip in the cryptocurrency market.
Bitdeer Reports Mining of 1,299 Bitcoins in Q4 2023
Bitdeer showcases robust Q4 financials with soaring revenues and mining efficiency, reinforcing its status as a leading blockchain tech company.
Bitcoin Sees Record Inflows into Accumulation Addresses Despite Overheating Signals
Bitcoin has seen record inflows into accumulation addresses indicating strong demand, however on-chain analysts warn the rapid price rise has led to an overheated bull market with risks of selling by miners and traders.
ECB Blog Casts Doubt on Bitcoin's Value Following ETF Approval
ECB blog post criticizes Bitcoin's utility and questions its value, even after SEC's ETF approval, warning of potential societal risks.
BlackRock to Launch Bitcoin ETF in Brazil
BlackRock introduces the iShares Bitcoin Trust ETF in Brazil, marking a significant foray into cryptocurrency for traditional investors.
Canadian Bitcoin ETFs Face Outflows as Investors Pivot to US Funds
nvestors are shifting from Canadian Bitcoin ETFs to US-based counterparts, with the Purpose Bitcoin ETF witnessing a significant reduction in holdings.
Riot Mined 6,626 Bitcoin, Clinching Record $281M Revenues in 2023
Riot Platforms saw a $280.7 million revenue boost in 2023, attributed to increased Bitcoin production, higher average prices, a strong balance sheet, and enhanced hash rate capacity.
Demystifying the World of Cryptocurrency Exchanges and Investments
Cryptocurrency exchanges revolutionize digital finance by offering services like futures trading, staking, and savings accounts, with potential AI and machine learning integrations. They provide a seamless user experience.
Digital Assets Soar to $67 Billion, Avalanche (AVAL), Polygon (MATIC) and Chainlink (LINK) Gain Momentum
Digital asset investment products saw record-breaking inflows of $2.45 billion, raising total assets under management to $67 billion, with Bitcoin dominating, benefiting major players like Avalanche, Polygon and Chainlink.
FTX/Alameda's Crypto Portfolio Valued at $1.19 Billio
Lookonchain's analysis outlines the $1.19 billion worth of cryptocurrency holdings by bankrupt FTX/Alameda, with the FTT token leading at $482.98 million. As the crypto market experiences a bull run, these holdings, including BTC and ETH, could significantly influence the bankruptcy outcome.
SEC Chair Gary Gensler Addresses X Account Hack and Security Measures
The SEC's X account was compromised on January 9, 2024, causing market fluctuations and highlighting cybersecurity concerns. The SEC is working with law enforcement to investigate.
MicroStrategy's Bitcoin Holdings Reach 190,000 Amid Q4 Financials
MicroStrategy, the world’s foremost corporate bitcoin holder, bolstered its holdings by 31,755 bitcoins in Q4 2023, reaching 190,000 BTC despite a revenue dip. The move underscores a strategic pivot towards digital assets amid fluctuating tech and financial landscapes.
Omega Secures $6M in Funding to Revolutionize Bitcoin and DeFi Ecosystem
Omega announces a $6M funding round to launch its decentralized infrastructure, aiming to redefine omnichain and Bitcoin DeFi without relying on traditional bridges or L2 solutions.