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.


Coinbase Acquires Crypto Wallet Firm BRD
US-based crypto exchange Coinbase announced the acquisition of crypto wallet startup BRD, aiming to create more secure and reliable access to the encrypted decentralized world for users.
Crypto Group ConstitutionDAO Plans to Refund Money and Shutdown, after Losing Auction
After failing to outbid billionaire Ken Griffin in auction for a copy of the US Constitution, the decentralized autonomous organisation ConstitutionDAO is planning to shut down after refunding the money it raised.
IMF Warns of Economic Instability in El Salvador Owing to Broad BTC Adoption
The International Monetary Fund has expressed its scepticism about the role of Bitcoin in helping El Salvador to maintain financial stability.
Invesco Puts Blame on U.S. SEC Rules for Decision to Withdraw Bitcoin Futures ETF
Invesco eventually talked about what prompted it to pull out its filing for Bitcoin futures ETF. The firm faulted SEC rules for the disaster.
Melanion Capital Advocates for Bitcoin Mining Against Swedish Government's Banning Call
Swedish authorities' call to ban Bitcoin mining across the EU has been faulted by Melanion Capital who says the position is "completely misinformed."
Sotheby's Metaverse to Launch Largest NFT Charity Auction with Sostento
Sotheby’s Metaverse announced that it has partnered with Sostento for the "biggest non-fungible token (NFT) charity auction ever".
NFL Star Beckham Jr to Accept Salary in Bitcoin
National Football League's star Odell Beckham Jr has become the latest high-profile athlete to accept his salary in Bitcoin from his team Los Angeles Rams.
Foundry Ranks as the 2nd Largest BTC Mining Pool Globally
Foundry, an American-based crypto mining pool has climbed up the rankings and is now the second-largest Bitcoin mining pool after AntPool.
Bitcoin Supply in Profit Drops to 83%, Short-Term Holders Blamed to be the Primary Culprits
The current retracement has triggered a 17% loss in Bitcoin supply, with short-term holders who bought the top to be blamed as primary culprits.
El Salvador to Build the World's First Bitcoin City, Funded by Bitcoin Bonds
El Salvador’s President, Nayib Bukele has unveiled the country’s plans to build the first fully functional Bitcoin city, a project that is billed to be funded by a Bitcoin-backed, government-issued bond.

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