Bitcoin
Bitcoin (BTC) is a fintech predator that operates in its own decentralized network, offering direct transactions between accounts without the need for middlemen like banks. Like a shark, Bitcoin is decentralized, public, open, and maintained by thousands of machines around the world. Its value is determined by the public's consensus and market demand. The Bitcoin network is constantly auditable and immutable, with every transaction recorded in a shared public ledger called the blockchain. Bitcoin offers pseudo-anonymity, with users having wallets that generate long strings of numbers and letters as their identity in the network. People use Bitcoin for various reasons, including as a store of value and for its potential and technological innovation. Learning about and investing in Bitcoin is like swimming with the sharks in the exciting world of crypto, blockchain, decentralized technology, and Web3.
Compass Mining Sounds the Alarm: Critical Issues with New Antminer S19 ASIC Design
Compass Mining, a Bitcoin mining company, has flagged potential issues with the latest Antminer S19 mining equipment produced by Bitmain....
Read moreBitcoin’s Price Drops to Multi-Month Low Amidst Negative News, But Data Suggests a Short-Term Bounce
Bitcoin's recent price decline has been attributed to negative newsflow, including fears of inflation, the U.S. government's transfer of assets...
Read moreExpert Analysis: Silvergate Bank and U.S. Regulator-Led Lawsuit Against KuCoin Result in Crypto Market Decline
The recent decline in the crypto market can be attributed to multiple factors, including the fallout from Silvergate Bank's demise,...
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Silvergate Bank Closure Sends Shockwaves Through Crypto Markets and Raises Concerns Over Banking Concentration
The crypto industry is preparing for the consequences of Silvergate Bank's exit, which may increase risks related to banking concentration...
Read morePresident Biden Proposes Phased-In 30% Tax on Cryptocurrency Mining Electricity Usage
In a significant move, President Joe Biden's administration has proposed a phased-in excise tax of 30% on the costs of...
Read moreProtecting Your Crypto: The Importance of AML Frameworks in Web3
The recent loss of over $1 million worth of nonfungible tokens (NFTs) by Kevin Rose due to a phishing scam...
Read moreBitcoin’s Support at Risk: Expert Traders Warn of Potential Drop to $19,700
Bitcoin (BTC) was seen circling around the $21,800 mark on Bitstamp, as data from Cointelegraph Markets Pro and TradingView showed....
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