Bitcoin

Only days after the launch of the Bitcoin (BTC)-based Ordinals protocol, its creators have had to deal with its first shock pornographic image which has been inscribed into the blockchain. On Feb. 2 at around 12:15 AM UTC, an unsavory image known as “goatse” was inscribed onto the Bitcoin blockchain via the Ordinals protocol. It featured on inscription 668 and was live on the Ordinals’ front page for roughly half an hour before the image was removed. It still exists on the blockchain but… Source link

How long bitcoin continues to trade in its current range near or above $23,000 remains unclear with some market observers believing that prices will retreat, but others highlighting more optimistic signs, including the Fed’s last two more moderate rate hikes. “Historically, as interest rates rise moderately, as opposed to aggressively the average returns and bitcoin increase massively, more so than traditional assets since the speculators return quickly to buy as the credit and money become… Source link

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their… Source link

Bitcoin’s (BTC) price has been trading above $22,500 for 12 days. Of course, this situation can change even if Federal Reserve chair Jerome Powell issues positive statements about the economy in today’s post-FOMC presser.  Even if the decision matches the market consensus, the post-meeting statement should be investors’ primary area of focus. Specific areas to focus on would be clues for the next meeting in March. Troubling news for the largest stablecoin Tether (USDT), could also cause a… Source link

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their… Source link

Photo: Michael Gonzalez (Getty Images) Tesla’s big, bold billion-and-a-half-dollar bet on bitcoin’s “long-term-potential” is starting to look more and more like a dud. The company, at the behest of CEO Elon Musk, purchased $1.5 billion worth of the cryptocurrency back in February. Now, according to new fillings with the SEC, the company says it walked away with $140 million in bitcoin losses in 2022, nearly 10% down. It seems not even the world’s most valuable car company can escape… Source link

If you ask 10 people what Bitcoin’s original purpose is, at least one person will say it’s meant to cut out the middleman, reduce the cost of transacting and empower those who might not have access to modern financial infrastructure.  While all of those boxes might be ticked, another phenomenon of financial technology, and technology in general, is that not everyone benefits equally from the revolutionary change it brings. Of course, this happens for a variety of unique reasons, some… Source link

Vitalij Sova Exchange traded funds related to Bitcoin mining sat at the top of the ETF performance list for January, as the highest returning fund notched gains greater than 80%. The Valkyrie Bitcoin Miners ETF (NASDAQ:WGMI), a small actively managed fund with $3.96M assets under management, was able to explode by 85.5% in the first month of 2023. At one point in January, the fund topped +100%, but since cooled off. Placing WGMI’s topside move into perspective, it outpaced the… Source link

A nine-year-old boy’s efforts show that Bitcoin (BTC) is for everyone and Bitcoin education is for all ages. Henry, who lives in the U.K., gave a talk on Bitcoin to his classmates in an engaging and funny presentation. Cointelegraph spoke to Henry’s mother, an author and Bitcoin advocate who goes by Decentrasuze on social media, to find out more. My son orange pilling Year 5! Teacher feedback: ‘It was very informative, engaging and he really knew his subject knowledge well.’#Bitcoin 

24K-Production / iStock.com Following a difficult last year, Bitcoin has been off to a great start in 2023, but whether the recent rally will translate into a longer bull run and extend to the broader crypto market is yet to be seen, according to several experts. Check Out: GOBankingRates’ Best Neobanks 2023 Learn: 3 Things You Must Do When Your Savings Reach $50,000 Wealthy Millennials Aren’t Banking on Stocks: Here’s What They’re Investing In Instead In the past 30 days, the asset is… Source link