Layer 1
The original cryptocurrency and proof-of-work blockchain.
A peer-to-peer electronic cash system launched in 2009. Proof-of-work mining secures a UTXO ledger with a fixed 21 million coin supply; Script, SegWit and Taproot enable programmable spending conditions, and the Lightning Network adds fast off-chain payments.
BitcoinBeginnerPrior to the halving, Bitcoin has historically declined, and this trend could continue within the next week. Bitcoin (BTC) $68,230 tickers downward may be only a few days away from going into a pre-halving “danger zone.” When its price has typically declined before a halving, an analyst has noted.…
#binance#crypto
Coinbase, a major cryptocurrency exchange, is pushing back against two US senators’ call for the Securities and Exchange Commission (SEC) to halt approvals of Bitcoin ETFs (Exchange-Traded Funds). The senators, citing concerns about market manipulation and potential investor harm in the…
#crypto#etfs#government
BitcoinBeginnerTwo U.S. Senators are throwing cold water on the idea of more cryptocurrency exchange-traded funds (ETFs) being approved by the Securities and Exchange Commission (SEC). Senators Jack Reed (D-RI) and Laphonza Butler (D-SC) reportedly sent a letter to SEC Chair Gary Gensler urging him to deny…
#crypto#etfs#united-states
BitcoinBeginnerNigerian authorities are reportedly applying significant pressure on cryptocurrency exchange Binance. The crux of the issue lies in a request for user data on Binance’s top 100 Nigerian users, along with their transaction history for the past six months. This request comes amidst a wider crackdown…
#binance#crypto#nigeria
BitcoinBeginnerNigerian authorities detained two Binance executives shortly after they arrived in the country. This follows a period of escalating friction between the cryptocurrency exchange and the Nigerian government. The detentions occurred on February 26th, 2024, after the executives flew into Nigeria.…
#binance#crypto#nigeria
BitcoinBeginnerThailand’s Securities and Exchange Commission has revised its laws to allow the formation of private funds that invest in spot Bitcoin exchange-traded funds trading on US exchanges. However, only institutional investors and “ultra-high-net-worth individuals” would be eligible to invest in these…
#crypto#sec
BitcoinBeginnerPresident Nayib Bukele’s Bitcoin purchasing plan has paid off for El Salvador, which is now up 70% on the dollar cost average purchase price following a recent Bitcoin spike. El Salvador’s crypto treasury is currently $85 million in profit, according to the Nayib Tracker website, with Bitcoin…
#crypto#el-salvador
BitcoinBeginnerThe United Kingdom is poised to establish regulations that allow both stablecoins and central bank digital currencies (CBDCs) to flourish within the financial system. This news comes from Varun Paul, who previously served as the head of Fintech at the Bank of England (BoE). According to Paul, UK…
#cbdc#crypto#stablecoins
BitcoinBeginnerStanford University’s student-run Blyth Fund has allocated a significant portion of its investment portfolio to Bitcoin. On March 5th, Kole Lee, leader of Stanford’s Blockchain Club, announced that the Blyth Fund had dedicated roughly 7% of its holdings to the digital currency. This decision…
#crypto
BitcoinBeginnerOn March 4, MicroStrategy shares surged over 20% as Bitcoin exceeded $67,000, setting a new euro record at 60,000 euros. With aims to surpass the Mexican peso next. Concurrently, Coinbase launched embedded smart contracts for developers, enhancing the creation of Web3 applications by addressing…
#coinbase#crypto
BitcoinBeginnerToday, 2024, Bitcoin (BTC) just hit the $65,000 mark, reaching this mark for the first time in over two years and getting closer to its all-time high of $69,000, set in November 2021. Here’s a breakdown of this event: Key Points: What it Means: This surge signifies a period of significant growth…
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