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.
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.
Web3 Startups Witness 76% Plunge in Venture Funding in Q2 2023
Web3 startups saw a 76% drop in Q2 2023 funding, with only $1.8B raised. Despite VC downturn, Bitcoin and Ether prices surged. Future of Web3 funding remains uncertain.
Crypto Market Consolidation and Key Trends in Q2 2023
Q2 2023 saw a slight 0.14% increase in the crypto market, with Bitcoin (BTC) and Ethereum (ETH) rising by 6.9% and 6.0% respectively.
Bitcoin Dominates Digital Asset Fund Flows with $140M Inflows in a Week
In the past four weeks, digital asset investment products have seen a significant surge in inflows, totaling $742 million, according to the latest weekly report from CoinShares. This marks the largest run of inflows since the final quarter of 2021.
What is Bitcoin Ordinals?
Bitcoin Ordinals, introduced in January 2023 by Casey Rodarmor, are a way to inscribe digital content on the Bitcoin blockchain.
Bitwise ETF BITQ Surpasses $100M in Cypto Assets Under Management
Bitwise Asset Management, a leading crypto asset manager, has announced that its Crypto Industry Innovators ETF (NYSE: BITQ) recently surpassed $100 million in assets under management. This milestone comes amid a turning point for the crypto sector, which has seen positive industry developments, strong market performance, and growing investor interest throughout 2023.
Job Cuts at Circle and Dapper Labs: Bear Market Not Over
Even the giants are not immune to market pressures. Recent reports have highlighted significant workforce reductions at two major blockchain companies, Circle and Dapper Labs, despite their substantial fundraising successes.
UK Treasury to Omit Derivatives, Unbacked Tokens from Sandbox
The United Kingdom Treasury Department has suggested in its recommendations for a digital securities sandbox that unbacked crypto assets and derivatives be removed from the scope of the project.
$136M Inflow into Crypto Assets, Bitcoin Remains Preferred Choice
In the latest update from CoinShares, digital asset investment products have seen a significant inflow of $136 million in the past week. This surge marks the third consecutive week of inflows, totaling $470 million, effectively offsetting the outflows observed in the preceding nine weeks.
From $5,000 to $120,000: Standard Chartered's Controversial Bitcoin Price Predictions
According to Retuers, Standard Chartered predicts Bitcoin's price to reach $120,000 by 2024, reaching $50,000 this year and $120,000 by 2024. This upward trend aligns with the recent increase in Bitcoin's value, encouraging miners to hold onto the digital currency.
Bitcoin Miner Marathon Mined 979 BTC and Liquidated 700 in June 2023
In June 2023, Marathon Digital Holdings created 979 Bitcoin (BTC), increasing the year's total to 5,120 BTC.