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.
Celebrities, Crypto, and Controversy: The Fallout of FTX's Bankruptcy
Tom Brady, the quarterback for the New England Patriots and winner of seven Super Bowls, served as an ambassador for the FTX bitcoin and crypto exchange, According to New York Times.
What Happens When AI Meets Bitcoin and Crypto: Insights from Arthur Hayes
Arthur Hayes discusses the potential impact of AI on society, predicting that AI and robotics will eliminate tedious work, leading to a renaissance of art and culture. He believes AI could overtake humans and change the course of humanity overnight. Hayes believes Bitcoin will be the currency of choice for AI due to its digital nature, censorship resistance, and energy purchasing power.
Bitcoin's Dawn of the ETF Era: ARK Investment
According to a report ARK Investment, in June 2023, Bitcoin experienced a resurgence in institutional sentiment, with the supply of Bitcoin that had remained unmoved for at least a year reaching an all-time high of approximately 70% of the circulating supply.
$314K from 2016 Bitfinex attack returned by US Homeland Security
The digital currency exchange known as Bitfinex said on July 6 that it has been given $312,219.71 in cash together with 6.917 Bitcoin Cash by the United States Department of Homeland Security.
Tether CTO Asserts $XAUT as the Digital Resurgence of the Gold Standard
Paolo Ardoino, Tether's CTO, recently discussed the role of Tether Gold ($XAUT), Bitcoin, and gold in the evolving economic landscape.
Crypto Miner HIVE Blockchain Rebrands to Drive AI Expansion
HIVE Blockchain Technologies Ltd. has declared its plan to strategically rebrand, including a transition to the new name "HIVE Digital Technologies Ltd." This rebranding initiative is designed to mirror the company's progression into the realm of high-performance computing (HPC) data centres, utilizing Nvidia's superior Graphics Processing Unit (GPU) chips to tap into the burgeoning trend of widespread adoption in the field of Artificial Intelligence (AI).
Bitcoin Miner Ault Alliance Regains NYSE Compliance
Ault Alliance, Inc., a diversified holding company, has successfully regained compliance with the NYSE American's continued listing standards, according to a statement released by the company. The NYSE American had previously notified Ault Alliance of its non-compliance due to the low trading price of the company's common stock.
Bitcoin Retreats to Around $30k: Decoding the Technical Indicators and Regulatory Factors
In today's market developments, Bitcoin has retracted to around $30k, weighed down by various technical factors and a series of recent regulatory interventions.
Danish FSA Orders Saxo Bank to Divest Crypto Holdings, Indicating Tightening Regulation
The Danish Financial Supervisory Authority (Finanstilsynet) on July 4, 2023, issued a directive to Saxo Bank, instructing the financial institution to divest its holdings in cryptoassets. This move is based on the current legal framework, which prohibits banks from trading cryptoassets for their own account.
Bitcoin Miners Move 54,000 BTC to Binance as Liquidity Drops
Recently, significant Bitcoin transactions have been observed in the market. According to Ki Young Ju, the CEO of CryptoQuant, Bitcoin miners have reportedly transferred a whopping 54,000 BTC to Binance over the last three weeks.