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 Needs to Hold $36K for Sustainable Upward Momentum
BTC should go back to the $36K level before flipping it to support more upward momentum, analysts said.
Former Goldman Sachs Marcus Head Launches Crypto Investing App with $33M
Former Goldman Sachs Marcus Head Launches Crypto Investing App with $33 million.
Musk Asks McDonald's to Take Dogecoin as Payment
Elon Musk tweeted, saying that he will eat a happy meal on television if McDonald's accepts Dogecoin.
The IMF Urges El Salvador to Abandon Bitcoin as Legal Tender
The International Monetary Fund (IMF) is concerned about the risks of El Salvador's issuance of bitcoin-backed bonds, urging El Salvador to terminate bitcoin as legal tender as soon as possible.
Indonesian Regulator Moves to Ban Financial Services Firms by Dealing with Crypto
Indonesian market watchdog, the Otoritas Jasa Keuangan (OJK) has warned all financial service outfits operating in the country to abstain from dealing or facilitating transactions bordering on digital currencies in the country.
MicroStrategy CFO Recommits the Firm to Maintain Bitcoin Accumulation Strategy
Phong Le, the Chief Financial Officer of MicroStrategy Incorporated, says the company will not relent in its bullish acquisition of Bitcoin as its Treasury Reserve Asset (TRA).
Bitcoin Possibly on Final Leg Down as Seller Exhaustion Ticks
Speaking on CNBC’s Mad Money show, host Jim Cramer opined that Bitcoin might be staring at the end of its downside because of seller exhaustion.
Tencent to Offer Metaverse Business Support in Japan before Feb
Tencent reportedly will launch services for supporting the virtual space "Metaverse" business to Japanese companies before February.
Russian Tech and Political Oligarchs Opposes Blanket Crypto Ban
Tech and political oligarchs in Russia are expressing their full displeasure over the proposed blanket ban on crypto.
Behind the Scenes of Kazakhstan's Political Crisis. Can Crypto Mining Survive There?
Kazakhstan has been in the crypto news a lot lately. On the surface, we know that it's a Central-Asian nation with cheap electricity that became the world's second-largest center for cryptocurrency mining after China’s crackdown on crypto.

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