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 Hits Two-Week High But Traders Are Not Convinced of The Hype
Despite Bitcoin rebounding above $58.4K, traders are not buying into the hype, according to on-chain metrics provider Santiment.
MicroStrategy May Sell Some of Its Bitcoins
In its latest earnings report, MicroStrategy said it may sell off some of its Bitcoin in the future.
Whales Holding More Than 10,000 BTC Continue Accumulating More Bitcoin
On-chain metrics provider Santiment has noted that Bitcoin whales are taking advantage of the current raging market to accumulate more Bitcoin.
Institutional Bitcoin Adoption in Asia is Making a Big Step Forward
Bitcoin adoption in Asia is taking a new turn as more institutional investors are joining the network.
Crypto Twitter Explodes as Rumours of Facebook Hodling Twitter Spread
Is Facebook holding BTC on its balance sheet? There's a growing rumor that suggests so
Bitcoin Has The Right Catalysts to Push its Price to $100,000 - Bloomberg
Mike McGlone lists institutional backing, ETFs as part of the catalysts that will push BTC to $100,000
Bitcoin Surges amid Tesla's Bitcoin Sales
After nosediving below the psychological price of $50k, Bitcoin (BTC) is back on top, gaining more than 9.7% in the last 24 hours.
Tesla Sold $272 Million Worth of Bitcoin in Q1 2021
Tesla filed its first quarter earnings, revealing that it has made some profit from the sale of about 10% of its $1.5 billion Bitcoin holdings.
Bitcoin Rebounds Strongly after Hitting a 7-Week Low
Today, Bitcoin (BTC) rebounded strongly to $53K after plummeting to a low of around $47,000 on April 25.
Ripple Co-Founder Proposes Alternatives to Proof-of-Work Model to Make Bitcoin More Sustainable
Many industry experts have addressed the issue of sustainability, and how the current Bitcoin network can be tweaked to achieve better energy efficiency.
