Bitcoin Community news-Page 4
Why the crypto market crash may play in Bitcoin's favour
Natalie Brunell, the host of Coin Stories podcast, thinks that the recent incidents involving Terra (LUNA, now rebranded LUNC) and Celsius (CELH) and the following market sell-off will lead to regulatory action that will likely favor Bitcoin (BTC) over the rest of cryptocurrency. “I'm going to be watching for regulation developments, just signifying that Bitcoin is a digital property and that maybe there's more fair accounting that can be done to allow institutions to invest," she said in her latest interview with Cointelegraph. "And the other cryptocurrencies, I think will be deemed securities,” she continued. Brunell defines herself as a …
Bitcoin / June 20, 2022
The BTC origin story: Who designed the Bitcoin logo?
The bright orange Bitcoin (BTC) logo, for over a decade, has become synonymous with financial freedom amid modern-day recession and stringent governmental oversight. However, unlike the mysteries tied to Bitcoin’s origin, the development of the Bitcoin “₿” logo is fairly documented in the depths of the internet. When Bitcoin was introduced 13 years ago by creator Satoshi Nakamoto, the first iteration of the Bitcoin logo represented a gold coin with a “BC” text embedded in the center, as shown below. However, on February 24, 2010, Nakamoto came up with a new Bitcoin logo, which saw the replacement of the “BC” …
Adoption / June 18, 2022
‘Buy Bitcoin, plant a tree, lower your time preference’: A Sequoia story
When the market falls faster than a tree in the forest, the phrases “zoom out” and “lower your time preference” take root. “Zoom out” refers to taking a break from the omnipresent price charts that populate news feeds and Twitter threads. Consider looking at the price of Bitcoin (BTC) over the past five years as opposed to over the past six,12 or 18 months. But what does “lower your time preference,” popular parlance among Bitcoiners, actually mean? Commonly attributed to Saifedean Ammous, the polarizing author who penned The Bitcoin Standard, lowering one’s time preference translates to thinking long-term and valuing …
Adoption / June 16, 2022
Bitcoin miners’ exchange flow reaches 7-month high as BTC price tanks below $21K
Bitcoin’s (BTC) price tanked to a 52-week low of $20,800 earlier on Wednesday, down by over 70% from its all-time high of $68,788. Although the price has since recovered above $21,000, key market indicators point toward bears having a significant hold on the current market. Bitcoin Miners to Exchange flow, a metric that indicates the volume of BTC sent by miners to crypto exchanges, rose to a seven-month high of 9,476. The rise in exchange flows indicates miners are currently selling their BTC in anticipation of the price going down. The actions of the BTC miners often reflect the larger …
Bitcoin / June 15, 2022
Bitcoin at the WEF: What did the world's elite think of crypto?
Cointelegraph introduces “Crypto Street,” a series of spontaneous conversations with strangers on the street to educate, entertain and take a temperature check on the world’s relationship with crypto. The first episode comes from the gates of the World Economic Forum (WEF) in Davos, Switzerland. Cointelegraph reporter Joseph Hall attempted to speak with the world’s elite where he was rejected, ridiculed, and ignored before stumbling across crypto believers among the WEF attendees. Sporting a Cointelegraph sweatshirt with the loudest Bitcoin (BTC) logo, Hall asked passersby to guess what was print represented. Some WEF-goers refused to talk on camera while others claimed …
Bitcoin / June 10, 2022
Cybersecurity firm supports Bitcoin ‘mission,’ converts balance sheet to BTC
Another business jumps aboard the Bitcoin bandwagon. Octagon Networks, a global cybersecurity network company with over 20 employees announced on Monday that it had “finished the process of converting its liquid assets and entire balance sheet into Bitcoin (BTC).” The group will also “start accepting Bitcoin payments for all of our services, with a 50% discount when paid in Bitcoin.” Today, Octagon Networks becomes the first cybersecurity company to convert it's entire balance sheet into #Bitcoin. We will also start accepting payments in Bitcoin, and offering a discount to encourage the use of Bitcoin. Read More: https://t.co/32mcdlUEGu — Octagon Networks …
Adoption / June 7, 2022
Bitcoin Pizza Day rewind: A homage to weird and wonderful BTC purchases
Happy Bitcoin Pizza Day! Before you dial for a Margherita to commemorate the world’s first real-world Bitcoin transaction, here’s a slice of trivia: What do a family holiday to Japan, a 50 Cent album, a steak dinner and a framed cat photo have in common? They were all paid for with Bitcoin (BTC) by members of the Cointelegraph Bitcoin community! And just like the Bitcoin pizzas that cost 10,000 BTC, which are now worth more than $300 million, the community’s Bitcoin purchases have also skyrocketed. Benjamin de Waal, the vice president of engineering at Bitcoin exchange Swan Bitcoin, told Cointelegraph, …
Adoption / May 22, 2022
Central bankers bellow Bitcoin on El Salvador's Bitcoin Beach
The orange pilling adventure in El Salvador continues. In a video that beggars belief, 44 central bankers and financial delegates from emerging markets around the world shout “Bitcoin!” while posing for a photo in El Zonte, El Salvador. And all the Central Bankers screamed…. pic.twitter.com/MxdOrYD3lc — Bitcoin Beach (@Bitcoinbeach) May 20, 2022 It seems that by day three of El Salvador’s financial inclusion conference, the central bankers were warming to Satoshi Nakamoto’s innovation, enjoying a trip to Bitcoin (BTC) Beach. El Zonte or "Bitcoin Beach" is the home of Bitcoin in El Salvador, an iconic destination for Bitcoin enthusiasts. It …
Adoption / May 20, 2022
Madeira ‘embraces’ Bitcoin, and how its president met Michael Saylor
The tiny Portuguese archipelago of Madeira has “adopted” Bitcoin (BTC) — but what does that mean? The announcement, made during the Bitcoin 2022 conference in Miami, has spurned confusion and misinformation. Miguel Albuquerque, the president of the Regional Government of Madeira, hopped on the stage in April to announce: “I believe in the future, and I believe in Bitcoin.” He also said he would work to “create in Madeira a fantastic environment for Bitcoin.” However, the details remained unclear. Cointelegraph spoke to André Loja, a Madeiran entrepreneur who spearheaded the plan to bring BTC to the archipelago in the Atlantic …
Adoption / May 17, 2022
Happy birthday, Hal Finney: Crypto community honors world's first known Bitcoiner
Finney was also the first person to publicly run Bitcoin (BTC), going down in the annals of crypto Twitter history with a famous tweet that often resurfaces. Raise a glass to the world’s first Bitcoiner Wednesday. Hal Finney, the first person to receive a Bitcoin transaction from none other than Satoshi Nakamoto would have celebrated his birthday Wednesday. Running bitcoin — halfin (@halfin) January 11, 2009 On Bitcointalk.org, Hal Finney explained that when Satoshi first released the software, he “grabbed it right away.” “I think I was the first person besides Satoshi to run Bitcoin. I mined block 70-something, and …
Adoption / May 4, 2022
Wen Lambo fixed? Mechanic receives first payment in Bitcoin to mend Lamborghini
The Bitcoin meme “Wen Lambo” might be making a comeback. For JayFab, a Redditor who owns and operates a welding and fabrication company, it’s certainly the case. Working in Kansas City, Missouri, in the Midwest, JayFab told Cointelegraph that he took payment in Bitcoin (BTC) for the repairs made to a Lamborghini Aventador. JayFab told Cointelegraph that receiving Bitcoin for repairing the car was his “first legitimate transaction,” even though he first got into Bitcoin in 2016. “From there [2016], I have taken the deep dive into the industry to learn about it, understand the tech and possibly have a …
Adoption / April 26, 2022
EU officials considered BTC trading ban to enforce proposed mining ban
European Union officials discussed banning Bitcoin (BTC) trading during a debate on a proposal to ban proof-of-work (PoW) mining, according to documents obtained through a freedom of information request. According to a report published by German digital culture organization Netzpolitik, officials from the EU went as far as suggesting that an all-out ban on trading Bitcoin should be enforced in order to curb its overall energy consumption. The most worrying comments, from the crypto community’s perspective, came from a document that detailed some minutes from an EU meeting with Sweden’s financial supervisor and an environmental protection agency. These officials suggested …
Bitcoin / April 22, 2022