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.
Whales are Depositing Bitcoin on Crypto Exchanges - What This Means
Ki Young Ju, the CEO of on-chain analytic firm CryptoQuant, has revealed that whales are depositing Bitcoin on exchanges.
Square Says It Has No Plans of Purchasing More Bitcoin After $20 Million Loss
Following Tesla's announcement that it will halt Bitcoin payments, Square disclosed that it had no intentions of buying more Bitcoin.
Bitcoin Mining Difficulty Hits a 7-Year High
Bitcoin Mining Difficulty hit a 7-year high recently.
MicroStrategy Acquires an Additional 271 Bitcoins for $15 Million
MicroStrategy’s CEO Michael Saylor has revealed that the firm has scooped up an additional 271 Bitcoins for $15 million.
First Bitcoin Car Heads to the 105th Running of the Indianapolis 500
The world's first Bitcoin car is ready to go public, bringing cryptocurrency to the racing world.
Crypto Twitter Explodes as Elon Musk Announces Tesla Will Stop Accepting Bitcoin Payments
Tesla CEO Elon Musk's latest tweet on Bitcoin has generated a lot of backlash on Twitter.
Tesla Reverses Decision to Accept Bitcoin Payments, Citing Carbon Emission Concerns
Tesla will no longer be accepting Bitcoin payments for its cars due to the energy requirements for mining the cryptocurrency.
Palantir Starts Accepting Bitcoin as Payment Method and Considers Adding Crypto to Its Balance Sheet
Palantir has become the latest public company to embrace cryptocurrency to stimulate its business growth.
Facebook CEO Mark Zuckerberg Endorses Bitcoin in a Subtle Way
Facebook's Mark Zuckerberg named one of his goats after Bitcoin, causing some to speculate on whether the tech mogul holds a position with the cryptocurrency.
Bitcoin May Continue to Face Headwind after Plunging to $53,500
Bitcoin plummeted to as low as $53.5K on May 11. However, the lowest concentration of Bitcoin whales is around $52K, which means that this may be the current floor price of Bitcoin.
