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.
Block's Cash App Bitcoin Revenue Falls 7%
Jack Dorsey's Block Inc. reported a 7% reduction in Bitcoin sales in Q4, with its Cash App producing $25 million of BTC gross profit, down 25% YoY.
BIS has long taken a cautious approach
Agustin Carstens mocks crypto and Bitcoin. Tech doesn't work for money, he told Bloomberg.
Alex Gladstein Fights Government Corruption
Human Rights Foundation CSO Alex Gladstein thinks Bitcoin can improve democracy and combat state corruption by restricting government and institutional authority.
Bitcoin Ordinals Create Stir Within Crypto Community
Luxor CEO Nick Hansen stated Bitcoin Ordinals might produce "synergies" between the mining pool and OridinalHub.
Bitcoin Flips Visa Again
Bitcoin (BTC) market valuation surpassed Visa's after a near 50% price increase in 2023. BTC has "flipped" the payment giant three times.
Gemini co-founder: Crypto's next bull run will start in Asia
Last October, former BitMEX CEO Arthur Hayes and Gemini co-founder Cameron Winklevoss predicted that Asia will lead the next bull run.
Kimchi premium refers to when the price of BTC cheaper
CryptoQuant data shows that South Korea's Kimchi premium has fallen again, fluctuating between -0.24 and 0.01 between Feb. 17 and 19.
CleanSpark Buys 20000 New Bitcoin Miners to Boost
CleanSpark bought 20,000 Antminer S19j Pro+ devices for $32.3 million to increase its mining capacity.
The top Mt. Gox creditor chose to have an early payout in BTC
Mt. Gox creditors may be paid more, but it may take nine years to finalize the bankruptcy procedure.
El Salvador is Opening a Bitcoin Embassy in the United States
El Salvador, the first nation to legalize Bitcoin, is opening a Texas Bitcoin Embassy to promote BTC.
How Cryptocurrencies Can Help You Find Love This Valentine's Day
A Valentine's Day poll reveals that cryptocurrency may be key in compatible relationships.
Ark Invest continues to buy Coinbase shares
Ark Invest has invested roughly $30 million on Coinbase stock in 2023 while selling Grayscale Bitcoin Trust.
Interactive Brokers Launches Crypto Trading Services for Institutional Clients
In 2023, Hong Kong will cooperate with cryptocurrency and fintech firms.
The United Kingdom's Financial Conduct Authority is cracking down on unregistered cryptocurrency
West Yorkshire crypto ATM operators were penalized by the Financial Conduct Authority.
Bitcoin's Average Block Size Hits All-Time Highs
The average Bitcoin block size has reached record highs after Bitcoin NFT Ordinals protocol launched.