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.
Bitcoiner to Conduct Robotic Search for 8,000 BTC Lost in Landfill
James Howells, a Bitcoiner that mistakenly threw away a hard drive containing 8,000 Bitcoin units he mined back in 2009, has reportedly put up a highly specialized team to help dig up in the landfill.
Australia's Crypto King Schebesta Sold $6.5m Penthouse to Buy Bitcoins
Fred Schebesta, who is commonly referred to as ‘Australia's Crypto King', said the current cheap crypto prices means that it is the right time to invest more into crypto.
'It's Nothing Without its Energy Consumption', Says Peter Brandt against BTC
Peter Brandt, one of the most vocal critics of Bitcoin (BTC) has taken a jab at the digital currency again, dwelling on the coin’s energy correlation with its value this time.
Bitcoin Transaction Volume Turning Normal after a Bumpy Month
Bitcoin started normalising after its transaction volume slipped last month, according to market insight provider Santiment.
Tesla Sold 75% Bitcoin Holdings in Q2, Worth $936m
Tesla’s 75% of Bitcoins have been sold from its holdings. This sale comes after a sharp drop in crypto prices across the board, including Bitcoin and Dogecoin.
Bitcoin Price Rally Stalls, Falls below $23,000 amid 75% of BTC Sold by Tesla
After briefly breaking the $24,000 mark, Bitcoin fell below 23,000 to 22,895.94, at the time of writing, after announcing that Tesla had sold 75% of its bitcoin position.
14,000 BTC Transferred as Record High since 2021 due to 'Miner Capitulation'
According to data from blockchain analytics firm CryptoQuant, bitcoin miners have transferred 14,000 bitcoins over the past few weeks, the highest number of bitcoins sold since January 2021.
With Upcoming Interest Rate Hike from Fed, Is BTC's Current Rally Short-Lived?
Bitcoin has regained momentum and reclaimed the $23K level, but this begs the question if this uptick is short-lived, given that the upcoming interest rate hike from the Fed.
Bitcoin Faces Major Resistance at 200-Week Moving Average
Bitcoin’s consolidation in the lower $20K level continues as the leading cryptocurrency has lacked significant momentum to breach this zone.
Billion-Dollar Southland Credit Union Rolls out Bitcoin Trading Services
Southland Credit Union, a $1 billion credit union serving more than 60,000 members in the U.S., has teamed up with NYDIG to offer Bitcoin (BTC) buying and selling services.
