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. Please see below for Bitcoin news, Bitcoin (BTC) price analyses, and more.
Bitcoin's Dawn of the ETF Era: ARK Investment
According to a report ARK Investment, in June 2023, Bitcoin experienced a resurgence in institutional sentiment, with the supply of Bitcoin that had remained unmoved for at least a year reaching an all-time high of approximately 70% of the circulating supply.
Bitcoin Gains Momentum Based on Positive CPI Numbers
After slipping to lows of $15.5K amid FTX’s liquidity crunch, Bitcoin gained momentum based on positive consumer price index (CPI) numbers released by the U.S. Bureau of Labor Statistics.
Michael Saylor Believes Bitcoin is the Solution to the Lebanon's Financial Crisis
Bitcoin bull, Michael Saylor is optimistic BTC can solve Lebanon's economic and monetary woes
China Plays Top Crypto Whale, Followed By US: Sources
Despite its harsh stance on crypto, the China government could still be holding significant amounts of Bitcoins.
South African Supermarket Chain Pick n Pay Starts Accepting Bitcoin Payments
The development of Pick n Pay means that South African shoppers can now purchase food and other goods online with Bitcoins.
El Salvador's Government Refusing to Share Details on its BTC Stack - ALAC
El Salvador's BANDESAL has denied the request for its Bitcoin information from ALAC
Is Bitcoin Gearing Up to Exit the Current Bottom?
Since Bitcoin has been trading above the psychological price of $20K, Glassnode has released its weekly on-chain report titled “Hammering Out The Bottom,” scrutinizing the stakes and the risks that may lay on the road ahead.
Brazilian City of Porto Alegre Formally Makes Room for Bitcoin Pizza Day
Brazil's City, Porto Alegre has created a public holiday for Bitcoin Pizza Day
Cash App Introduces Bitcoin Transactions via Lightning Network
The payment processing app created by Block Inc, Cash App, has now accepted bitcoin transactions, enabling users to both send and receive Bitcoin via the lightning network.
Ark Invest's Wood Turned $100,000 Investment in Bitcoin to $7M
Cathie Wood said she currently owns over $7 million worth of bitcoin, which she purchased on the advice of Reagan-era economist Arthur Laffer, while it was trading at $250.
