BITCOIN

 

What is Bitcoin?
Bitcoin (BTC) is the first cryptocurrency created by Satoshi Nakamoto in 2008. With the underlying technology blockchain, bitcoin has redefining money in terms of money form, money issuance standard and money movement. Bitcoin has a limit of 21 million coins and uses proof-of-work (POW) consensus. In some sense, bitcoin removes our reliance on central banks and traditional financial institutions that we have to trust on. Bitcoin brings monetary freedom.


About 90 Percent of Countries Representing the Global Economy Exploring CBDCs, Report says
A recent testimony by Julia Friedlander to Congress has revealed that more countries are exploring CBDCs, however, the US is lagging behind.
Robinhood Explores New Feature to Protect Investors from Crypto Fluctuations
Zero-commission financial trading platform Robinhood is exploring a new feature designed to protect investors from price fluctuations during the process of investing in cryptocurrency trading.
Sen. Warren Nudges Treasury Sec, Regulators to Address Crypto-Related Risks
The request for crypto regulation was re-emphasised through the letter to U.S. Treasury Secretary Janet Yellen by Democrat Senator Elizabeth Warren.
Long-Term Bitcoin Holders Accumulate Heavily as Daily Active Addresses go Through the Roof
Long-term Bitcoin holders are still confident in the leading cryptocurrency because they accumulated heavily in the recent dip
Invictus Capital continues to offer exceptional returns despite the volatility in the markets
Invictus’ assets under management (AUM) blew past expectations, growing by 29.46% to $145 million over June.
Bitcoin Rebounds, Despite Bearish Confidence among Institutional Investors
Bitcoin’s price rebounded slightly, which has increased by 24.15% over the past week. However, the institutional sentiment remains bearish.
Amazon Denies Accepting Bitcoin Payments, BTC Price Drops Afterward
E-commerce giant Amazon denies a rumour from media report that the company may accept Bitcoin payments by the end of this year.
IMF Officials Warns Monetary Risks of adopting BTC as Legal Tender
Two International Monetary Fund (IMF) officials criticize without name and shame that the adoption of Bitcoin as legal tender in some countries would be risky and “could be dire” to its economy.
Cryptocurrency Has No Inherent Worth, But Creates Trading Opportunities for Businesses, Says Man Group CEO
Luke Ellis, the CEO of Man Group, admitted that cryptocurrencies have no inherent value, but their volatility makes them good trading instruments.
Bitcoin Funding Rate Flips Positive as 2.1 Million BTC Return to Profitability
BTC funding rate flipped positive based on Bitcoin's upward momentum.

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