Bitcoin (BTC)

Bitcoin (English. Bit-the minimum unit of information and coin-coin) is a payment system based on P2P technologies (English. Peer-to-peer-equal to equal). The principle of its operation is built on the open data transfer protocol. The system uses the same estimated unit “Bitcoin” – the first and the most famous cryptocurrency. The main feature of bitcoin is called complete decentralization.

#Bitcoin

Bitcoin (English. Bit-the minimum unit of information and coin-coin) is a payment system based on P2P technologies (English. Peer-to-peer-equal to equal). The principle of its operation is built on the open data transfer protocol. The system uses the same estimated unit “Bitcoin” – the first and the most famous cryptocurrency. The main feature of bitcoin is called complete decentralization.

Arthur Hayes urged to store savings in Bitcoin in war

Former CEO of BitMEX Cryptocurrency Exchange Arthur Hayes published an essay called For The War, in which he explained how Bitcoin will protect capital during the war.

How does Bitcoin mining work?

How does Bitcoin mining work? Why is the reward for it gradually decreasing? How much mining is harmful to the environment? We understand the cards.

Glassnode allowed a drop in bitcoin price by $ 17,000

The stability of bitcoin prices is higher than the minimum of June ($ 17,600) on the shoulders of speculators, which may encounter another wave of surrender. According to Glassnode calculations, in this case, the price may feel support at $ 17,000.

Another miner-lone got a bitcoin block

September 6, solo-master with equipment capacity 270 Th/s included block #752 868 in the Bitcoin blockchain. This was announced by the administrator of the CKPOOL POLOL POLIVAS Pool.

Analysts recorded the influx of funds in bear bitcoin funds

For August 27 – September 2, structures that allow you to open shorts for the first cryptocurrency, a record flow of funds of $ 17.9 million was recorded, calculated in CoinShares.

In South Korea, suspects were arrested on Kimchi-premium affairs

South Korean authorities arrested 16 people who are suspected of assisting illegal operations with foreign currency as part of the Arbitration of Kimchi-Premium. This is written by Seoul Daily News.

What is the Proof -off algorithm (POW)?

How the consensus algorithm Proof-OF-WORK works? Why is it so important for blockchain? What problems did POW solve? We answer in the cards.

Glassnode: Bitcoin holds $ 20,000 contrary to weak metrics

Speculators use bouncers for Bitcoin sales against the background of a https://gagarin.news/ weakness of the onchain-metrics. The price does not return to minimums due to the lack of serious pressure of sellers, according to Glassnode analysts.

Delassing myths: Is Bitcoin so terrible for ecology?

FORKLOG found out the share of bitcoin in the global structure of energy consumption and the prospects for its growth in the long run.

Cardano went around bitcoin in the ranking of global brands

Cardano took 26th place among 600 global brands in the rating of the emotional attachment of consumers from the MBLM agency. Bitcoin turned out to be 30 positions, Uniswap and Solana – 261 and 265, respectively.

The founder of Cyber ​​Capital recognized Bitcoin “One of the worst cryptocurrencies”

Due to the lack of technological progress, Bitcoin is an “exceptionally speculative asset without utility”. This was stated by the founder and chief investment director of the Cyber ​​Capital Foundation Justin Bons.

The expert named three reasons for the weak dynamics of bitcoin

Implementation of the idea of ​​the “influx of institutional”, the ease of opening shorts as a hedge from the fall of the market and the growth of the popularity of paired trading with other cryptocurrencies explain the weak dynamics of bitcoin regarding other digital assets.

The total cost of Bitcoin transactions transferred on the network exceeded $ 100 trillion

The cumulative cost of transactions in the bitcoin network exceeded $ 100 trillion, but the real economic activity in the blockchain is significantly inferior to this assessment. This was told by ARK Invest analyst David Pewell.

The average Bitcoin transaction commission fell below $ 1

As of August 22, the cost of the average commission for the transaction on the Bitcoin network amounted to $ 0.825. The indicator dropped below the dollar for the first time since July 2020.

What are the types of bitcoin addresses?

What are the address formats in the Bitcoin network? What is the difference? What type of address to choose? We understand the cards.

How the Federal Reserve Better affects cryptocurrency prices?

How the base rate of the Fed and Bitcoin price are related? How the first cryptocurrency behaved when changing the rate? What does the dollar inflation have to do with it? We understand the cards.

Korea authorities will study the role of banks in the Arbitration of Kimchi Premium for $ 6.5 billion

In July, the FSS began an investigation of the alleged assistance of local banks to foreign transfers into crypto-rhizas in the amount of $ 6.5 billion, which were associated with Kimchi-Premia. About this writes Cointelegraph.

WSJ reported to maintain the interest of pension funds in bitcoin

Pension funds retain bull mood regarding investment in digital assets, despite a significant rollback of quotations. About this writes The Wall Street Journal.

BlackRock launched bitcoin trast for institutional customers

The largest asset management company BlackRock launched a Trust oriented to institutions from the USA, which tracks the dynamics of the price of the first cryptocurrency.

What is a Bitcoin update proposal (BIP)?

What is Bitcoin Improvement Proposal (BIP) and why it is needed? What are his formats? How to write your BIP? We tell in the cards.

The complexity of Bitcoin mining has increased by 1.74% – for the first time in the last two months

As a result of the next recalculation, the difficulty of mining of the first cryptocurrency increased by 1.74%, to 28.17 T. The indicator demonstrated positive dynamics for the first time since the beginning of June 2022.

Football Club “Oxford City” will begin to sell bitcoin tickets

The English football club Oxford City has made a partnership with the Coincorner cryptocurrency platform, in which it will begin to accept payment in the first cryptocurrency.

US senators called on Fidelity to explain the existence of bitcoin in pension plans

A group of US senators wrote a letter to CEO Fidelity Investments to Ebigail Johnson with a demand to explain the decision to include bitcoin as an option in cumulative pension accounts 401 (K).

The media learned about the investigation of schemes using Kimchi-Breaks in South Korea

South Korean law enforcement officers began to verify a possible violation of the rules for the exchange of foreign currency using the so-called “kimchi-premium” on Bitcoin. This is reported by Yonhap.

The Briton who has lost 7500 BTC will involve Boston Dynamics robops search

British resident James Hauwells, who accidentally threw a hard drive with 7500 BTC in 2013, uses in search of two Boston Dynamics Robops. About this writes Business Insider.

IMF: The fall of bitcoin did not affect global financial stability

Massive sales in the cryptocurrency market have led to limited consequences for a wide financial system. This conclusion was reached by the IMF specialists in the report on global financial stability.

Tesla repelled a profit of $ 64 million from the sale of bitcoin

Profit from the implementation of the digital assets of the manufacturer Tesla electric cars from the beginning of the year to June 30 amounted to $ 64 million. This follows from the reports for SEC.

Peter Brandt criticized Michael Seilor for the opinion of Bitcoin

Texalithic and head of Factor LLC Peter Brandt criticized the CEO Microstrategy Michael Seilor, who called Bitcoin with a wealthy energy of digital goods.

Tesla sold 75% of its bitcoins

By the end of the second quarter of 2022, the manufacturer of Tesla electric cars converted approximately 75% of his own bitcoins in cash, which brought him $ 936 million. Such data follow from the company’s report.

Is Bitcoin “digital gold”?

Why is bitcoin called digital gold? What are the arguments for and “against” this thesis? We answer these and other questions in FORKLOG cards.

Hyosung ATM manufacturer will add bitcoin support in the USA

The American unit of the South Korean manufacturer of ATMs Hyosang will add DigitalMint services to the Bitcoin and Litecoin application store. In the USA, there are 175,000 ATM companies.

How to buy bitcoin: a detailed guide for beginners

How to buy the first bitcoins? Where is the best way to do this? What are the advantages and disadvantages of each method? We understand the cards.

Peter Wella refused a key role in Bitcoin Core

One of the main developers of Bitcoin Core Peter Welle requested an exception to direct access to the first cryptocurrency code.

Coinbase indicated the similarity of the risk profiles of bitcoin, oil and Tesla shares

Digital assets for price behavior are closer to oil and gas or shares of technological and pharmaceutical companies. This conclusion came to Coinbase.

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All published materials belong for forklog. You can reprint our materials only after agreeing with the editors and indicating the active link to FORKLOG.