Bitcoin News

  • Bitcoin has officially become the national legal currency of El Salvador and reread the El Salvador Bitcoin Act

    At around 10:00 on June 9, 2021, Nayib Bukele tweeted to officially submit the Bitcoin bill to the Legislative Assembly of the Republic of El Salvador . The latest news, according to U.today reports, the Legislative Council of the Republic of El Salvador passed the bill by an absolute majority vote. This means that Bitcoin has become the legal tender of the Republic of El Salvador, and El Salvador has become the first country in the world to recognize Bitcoin as legal tender. The bill will take effect ninety days after it is published in…

    2021-09-07
  • 3 important things about Bitcoin and blockchain

    Bitcoin is a key mechanism for realizing cryptocurrency transactions and Bitcoin decentralization and distributed accounting. All Bitcoin transactions rely on the blockchain. This is because distributed transaction ledgers are used globally. All data of bitcoin transactions are usually not stored in a central server, nor managed by a central server; these transaction information is replicated in all peer-to-peer communities, which are composed of hundreds of bitcoin nodes. In the blockchain community, Bitcoin transactions are added together in batches, not individually. The size of the transaction group depends on the size of the storage block…

    Bitcoin News 2021-09-06
  • One article to understand if Bitcoin collapses: will there be tomorrow

    On November 1, 2008, the mysterious man Satoshi Nakamoto published an article titled ” Bitcoin : A Peer-to-Peer Electronic Cash System” on the official website of the P2P (point to point) foundation . This is the concept of the same point to point in Bitcoin. It is the first time to enter the public eye. This article is also the most original white paper of Bitcoin. It establishes the principle of one project, one white skin that all public chains of all sizes in the future blockchain market need to follow. Seventeen years ago, it…

    Bitcoin News 2021-09-04
  • Twitter is offering Bitcoin and Ethereum tips for content creators

    In May of this year, Twitter officially stated that it hopes that users can better support each other in addition to following, forwarding, and liking each other. Therefore, the platform will introduce the TipJar function-allowing users to send and receive tips to each other. Now, this matter has the latest development. According to reports, Twitter is preparing for Bitcoin tips for content creators. According to MacRumors, the platform is currently being tested against the operating system iOSBeta. Twitter’s latest beta update introduces the “TipJar” feature to allow content creators to receive Bitcoin tips…

    2021-09-03 Bitcoin News
  • Women, Bitcoin and Afghanistan

    On the 17th of last month, a female Afghan journalist visited Taliban officials after the seizure of power. She said that the interview was for Afghan women… Then she left Afghanistan. “I left Afghanistan because I fear the Taliban like millions of people.” As early as 2010, an Afghan woman founded a company, hired female employees, and worked hard to provide women with opportunities for work and education. Even, in order to allow female employees to own their own money, she uses Bitcoin to pay her wages. In 2013, she was named one of the 100 most…

    2021-09-02
  • What is challenging Bitcoin’s dominance

    When we talk about the cyclicality of the cryptocurrency industry, we usually focus on a certain cyclicality of price movements. People often use the stock-to-flow model used by other commodities to describe the cycle. However, there is another periodicity that is often overlooked. There are a large number of cryptocurrency players who enter the crypto world through Bitcoin and follow the path to find the “next Bitcoin”, and finally find that Bitcoin is the best cryptocurrency. My own encryption journey started on this path. At the beginning, I spent a lot of energy learning the…

    Bitcoin News 2021-09-02
  • “Female stock god” Cathie Wood: will launch a new ETF focused on transparency

    According to Bloomberg News, ARK Fund founder Cathie Wood revealed in a document on Tuesday that it will launch a new exchange-traded fund (EFT) focused on transparency. If approved, this ETF will become the second ETF launched by Ark Investment Managemen this year. In March of this year, the company launched a fund focused on space-related investments. The fund has risen about 4% since its listing and currently has more than $600 million in assets. At the same time, the company’s flagship product Ark Innovation ETF (Ark Innovation ETF) is as…

    2021-09-01
  • What is a Bitcoin Merkelized abstract syntax tree? what’s it for?

    Merklized Abstract Syntax Trees (MAST) is a proposed upgrade for Bitcoin that can achieve smaller transaction volume, better privacy, and larger smart contracts. In this article, we will explain the basic principles of MAST, explain its potential benefits, and summarize some of the current proposals that include this technology. Problem: Unused script data Satoshi Nakamoto gave Bitcoin an interesting feature that he did not write in the Bitcoin white paper. In addition to receiving bitcoins through public keys and using private key digital signatures to spend bitcoins, users can also write programs (called “scripts”) that can…

    2021-09-01 Bitcoin News
  • El Salvador deploys Bitcoin ATM, Twitter and Facebook to accelerate the layout

    According to news on September 1, the Salvadoran government plans to deploy 200 Bitcoin ATMs in the country and connect them to the digital currency wallet Chivo. According to the news that ZB Research Institute learned from the Twitter of El Salvador’s President Nayib Armando Bukele, there will be 50 financial branches in the country that support Bitcoin deposits and withdrawals, and transactions will also be commission-free. Analysts believe that if overseas remittances occur, El Salvador will save a lot of intermediate costs every year. In addition, according to the China National Currency (ZB) Research Institute,…

    2021-09-01
  • The El Salvador Bitcoin Act is about to come into effect. Which country will follow the lead of El Salvador?

    Seven days later, El Salvador will officially become the first country in the world to adopt Bitcoin as legal tender. Although it is only a country with a small gross domestic product (GDP), the first step is always the most difficult to take. The domino effect caused by this event may bring more outstanding participants in the next few years. “The domino effect is a wonderful manifestation of the succession of social, economic and geopolitical events.” El Salvador is the first domino, and there will be more in the future. Bitcoin and decentralization were…

    2021-08-31
  • Bitcoin in NFT? Crazy CryptoPunks are drifting away from ordinary people

    Although CryptoPunks has become the leading project in the current NFT field, as NFT market transactions begin to be hot, the enlarged transaction volume will inevitably be accompanied by bubbles and speculation. This is the only way for any early market to find value to confirm value. Recently, with the entry of foreign institutions such as Visa into CryptoPunks, this 2017 NFT project once again stood in the spotlight and became the leading project in the current NFT field. The rush of domestic industry leaders such as Cai Wensheng, Feng…

    Bitcoin News 2021-08-31
  • Why is the development of Bitcoin so conservative?

    In today’s world, weekly software upgrades are routine, and patches can even be released at any time. Bitcoin software development seems to fall into a certain kind of conservatism. The basic layer continues to solidify, the software operation method is becoming more and more strict (rigid), and developers are still developing optional optimizations that will not destroy the consensus between nodes. For those who are not familiar with it, nothing new seems to have happened in the Bitcoin world. The current situation of alternative currencies trying various new ideas and deploying eye-catching features highlights…

    Bitcoin News 2021-08-30
  • Data will not lie: Which asset management companies and companies hold Bitcoin?

    data show that asset management companies, private companies and listed companies are increasingly interested in Bitcoin . At present, the bitcoin held by asset management companies and enterprises has accounted for 6% of the total bitcoin supply in circulation. However, there are currently about 18.8 million bitcoins in circulation on the market. According to previous market analysts’ estimates, the total supply of 21 million bitcoins will be fully mined in 2140. At the same time, about one-fifth of them will be mined. Bitcoin is in a “no account” state, which means that the proportion of…

    2021-08-29
  • The future of Bitcoin mining: green energy

    Green energy and renewable energy Although there are some differences between the concepts of green energy and renewable energy, people often use the two terms interchangeably. According to American standards, green energy is a type of renewable energy, which refers to environmentally friendly energy. The US Environmental Protection Agency (Environmental Protection Agency) stated that green energy is a subset of renewable energy. The advantages of green energy and renewable energy in the eyes of miners The most significant advantage of green energy is its renewability. According to Octopus Energy’s estimates, by 2060,…

    2021-08-29 Bitcoin News
  • Can “clean energy” solar energy help Bitcoin smoothly “green”?

    As Bitcoin enters the mainstream view, the use of clean energy to mine Bitcoin has become one of the hottest topics, and more and more crypto organizations are beginning to use clean energy as a gimmick to increase their industry influence and visibility. So, as the most important clean energy-solar energy, will it become the future of crypto mining? Two energy revolutions are currently underway, and they complement each other: the human energy revolution , where green and sustainable energy use has become a priority in the current climate of drastic changes; the financial…

    2021-08-26 Bitcoin News
  • Increase in Bitcoin holdings by companies/institutions: Cryptocurrencies may compete with fiat currencies within 10 years

    According to the Bitcoin distribution data, companies/institutions with Bitcoins on their balance sheets now hold 1,660,473 Bitcoins, accounting for almost 8% of the total Bitcoin supply. Among them, the intelligent software service company MicroStrategy holds 108,991 bitcoins, accounting for 75% of the company’s total market value. Tesla, on the other hand, is in second place, still holding the 43,200 bitcoins it acquired in early 2021. Close behind are Square, Marathon Digital Holdings and Coinbase. Square, a financial technology payment solutions company, currently holds more than 8,000 bitcoins, and bitcoin miner MARA has allocated 5,425 bitcoins on its…

    2021-08-26 Bitcoin News
  • The last piece of the puzzle: Will Bitcoin mining machine research and development also be transferred from China to North America?

    According to a Forbes report on August 24, as part of the B round of financing, Bitcoin infrastructure company Blockstream raised $210 million at a valuation of $3.2 billion. The new funds are accompanied by the acquisition of the intellectual property rights of Spondoolies, an Israeli bitcoin mining hardware manufacturer that specializes in the production of ASIC chips for mining machines. The amount of the acquisition is undisclosed. The Spondoolies team will also join Blockstream to establish the company’s ASIC department. By raising funds, the company hopes to expand its mining operations and…

    Bitcoin News 2021-08-25
  • Bitcoin hardcore big V secretly meets annually to discuss these hot spots this year

    “Satoshi Roundtable” (Satoshi Roundtable) is an annual secret meeting held by the veteran hard-core big V of the Bitcoin community. The meeting adopts a strict invitation system and does not have a keynote speech (all equal, called unconference). This year’s Satoshi Nakamoto Roundtable is its seventh event, and it will be held in the summer of July 2021 due to the epidemic. After the annual meeting, cypherpunk, Bitcoin developer, Casa co-founder and CTO Jameson Lopp will post a document recording the hot topics he is interested in during the meeting. The hot topics he focused…

    2021-08-24
  • How much should you allocate to buy bitcoins in your portfolio?

    How much should I allocate to Bitcoin in my portfolio ? The answer to this question varies from person to person. When people use Bitcoin as a saving tool for the first time, or when people with more traditional investment concepts regard Bitcoin as a potential investment method, they all face a question: how much should I invest in this new, What about promising fields? At the beginning of this summer, Paul Tudor Jones, a well-known hedge fund manager, described his ideal investment with “Bitcoin as a tool for diversifying investment portfolios”-“The only thing…

    2021-08-24
  • Can Bitcoin return to the trillion-dollar market value?

    Recently, Bitcoin has continued to pick up and its price has risen from $44,000 to $50,500. The next key resistance level is $53,000, which is the point where Bitcoin returns to the trillion-dollar market value. If it can break through this resistance level, market enthusiasm will be rekindled. This week, long-term holders still did not cash out a large amount, only realizing some small profits on the chain. This article will evaluate the changes in the derivatives market, the status of activities on the Bitcoin chain, and the current behavior of investors, hoping to…

    2021-08-24 Bitcoin News