BITCOIN
What is Bitcoin?
Bitcoin (BTC) is the first cryptocurrency created by Satoshi Nakamoto in 2008. With the underlying technology blockchain, bitcoin has redefining money in terms of money form, money issuance standard and money movement. Bitcoin has a limit of 21 million coins and uses proof-of-work (POW) consensus. In some sense, bitcoin removes our reliance on central banks and traditional financial institutions that we have to trust on. Bitcoin brings monetary freedom.
Bitcoin (BTC) is the first cryptocurrency created by Satoshi Nakamoto in 2008. With the underlying technology blockchain, bitcoin has redefining money in terms of money form, money issuance standard and money movement. Bitcoin has a limit of 21 million coins and uses proof-of-work (POW) consensus. In some sense, bitcoin removes our reliance on central banks and traditional financial institutions that we have to trust on. Bitcoin brings monetary freedom.
All Nippon Airways Jumps into the NFT Space
According to simpleflying, Japan's largest airline group, All Nippon Airways (ANA) Group, has announced its venture into the Non-Fungible Token (NFT) market, following other airlines including airBaltic, Qantas, and Etihad Airways.
Uniswap Founder Reveals Sophisticated Scam Targeting the Chinese Community
Uniswap's founder, Hayden Adams, recently took to Twitter to expose an elaborate scam targeting the Chinese cryptocurrency community.
Massive Atomic Wallet Hack Revealed: Over $35M Stolen across Multiple Cryptocurrencies
On-chain investigator ZachXBT has reported a significant security breach on Atomic Wallet, a leading non-custodial decentralized wallet wallet. The hacker targeted various cryptocurrencies, managing to steal more than $35 million across different chains, according to ZachXBT's updates on Twitter.
National Bank of Georgia Enhances Sanction Monitoring, Includes Virtual Asset Service Providers
The Acting President of the National Bank of Georgia, Archil Mestvirishvili, stated that the bank has not only been monitoring the observance of financial sanctions but also expanded its oversight to virtual asset service providers.
Hong Kong SFC Chief Executive: New Guidelines for Crypto Trading Platforms Prioritize Investor Protection
The Hong Kong Securities and Futures Commission (SFC) announced that the upcoming guidelines for operators of virtual asset trading platforms will place investor protection at the forefront.
Crypto Exchange BKEX Halts Withdrawals Amid Money Laundering Investigation
In a surprise announcement on May 29, 2023, BKEX, one of the major cryptocurrency exchanges, has temporarily suspended user withdrawals due to alleged involvement in money laundering activities.
Reuters: Binance Australia Users Rush to Sell Bitcoin Amid Payment Issues
According to a recent report by Reuters, Bitcoin prices on Binance's Australian platform were almost A$9,000 lower than those on rival exchanges on Tuesday.
Ark Investment: U.S. Crypto Innovation Threatened by Regulatory Ambiguity
According to ARK Investment Management, a well-respected global asset manager and advocate of bitcoin, these developments are causing crypto liquidity in the U.S. to decrease substantially and leading to greater volatility in crypto prices.
Bitcoin of America to Pay $86,000 in Settlement with Connecticut Department of Banking
Bitcoin of America, an Over the Counter (OTC) cryptocurrency exchange and a national operator of Bitcoin Kiosks, has been ordered to refund $86,000 to consumers in Connecticut, according to a recent announcement by the state's Banking Commissioner, Jorge Perez.
Democratic Presidential Candidate Robert F. Kennedy Jr. Champions Bitcoin at 2023 Conference
Robert F. Kennedy Jr., the Democratic candidate for U.S. President, has made a strong case for Bitcoin, stating at the 2023 Bitcoin Conference, "As President, I will make sure that your right to hold and use Bitcoin is inviolable."