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.
Mexican Senate Gets First Bitcoin ATM Machine, the Nation Eyes Making BTC Legal Tender
To offer Mexican lawmakers first-hand Bitcoin experience, ChainBytes and Axolotl Bitcoin have put up a Bitcoin ATM at the nation's senate building.
Is Bitcoin Getting Ready for a Bullish Continuation?
After nosediving below the psychological price of $40K over the weekend, Bitcoin is back to winning ways.
Silk Road Founder Agrees to Use Seized Bitcoin Worth $3Bn to Clear off $183m debt to US government
With the new settlement, the U.S. government has recovered about $3 billion worth of Bitcoins connected to the Silk Road founder. Ross Ulbricht agreed with the settlement deal to relinquish billions of dollars to pay off his debt to the U.S. government.
Bitcoin’s Movement Shows the Redline Between Net Buyers and Sellers is the $40.9K Zone
Bitcoin has shown the area separating net buyers and sellers is the $40.9K area based on data collected between October last year and April 2022.
Jewellery Provider SFLMaven Rolls Out Bitcoin Payments, Eyeing for Metaverse
SFLMaven, a luxury jewellery and goods provider, has started accepting Bitcoin payments in the real world and the metaverse for high-end vintage jewellery items.
64% of Bitcoin’s Circulating Supply Stagnated for more than 12 Months as Accumulation Continues
The amount of Bitcoin’s circulating supply that has stagnated for at least a year hit an all-time high (ATH) of 64%, signaling a supply deficit.
Crypto Trading Volume Picks Up as Bitcoin Breaches $40K Level
After dropping to lows of $38.5K over the Easter weekend, Bitcoin has gained momentum and breached the psychological price of $40,000 based on an uptick in trading volume.
MicroStrategy Holds over 129K Bitocins, Data Shows
Data shows MicroStrategy holds over 129,00 Bitcoins (BTC) with a total value of approximately $5.8 billion.
CashApp Accepts Users to Invest their Earnings in Bitcoin
CashApp, one of the world’s most popular payment applications, has announced the integration of a new feature that will permit its users to convert their paycheck to Bitcoin automatically.
Bullish Weekly Opening Turned Sour as Bitcoin Recorded Price Reversals
Bitcoin's price performance summary for the week.
