The world’s first durable cryptocurrency, Bitcoin (BTC), was created in 2008 by an unknown person or group using the pseudonym Satoshi Nakamoto. It triumphed were years of digital money efforts failed.
At CryptoAnnals, we are documenting the development of a global, permissionless financial system and the ongoing tale of Bitcoin. What has happened since Satoshi published the white paper on Bitcoin? What are the best ways to invest in bitcoin, how has Bitcoin trading changed over time, and how do Bitcoin futures affect the uptake of blockchain technology? Will established and legacy systems accept or resist this transformation, and how will industry participants collaborate to make Bitcoin a staple in people’s lives?
The South Korean government has taken steps to push back the implementation of any new cryptocurrency taxes until 2025. The country has pointed to the current state of the market as one of the reasons for making this decision. This is a significant development, given that South Korea is one of the most important markets … Read more
The United States of America has emerged as one of the most important countries for mining cryptocurrencies worldwide. The United States of America is now home to several cryptocurrency mining companies that rank among the most successful in the world. As a result of China’s ongoing crackdown on cryptocurrency mining activities over the past few … Read more
The disgraced creators of Three Arrows Capital opened up about the terrible demise of their once-flying hedge fund after spending five weeks in hiding. They said that the reason they went undiscovered was that they had received threats to their life. According to Bloomberg, Su Zhu and Kyle Davies, both 35 years old, asserted on … Read more
Andorra, a tiny European nation between France and Spain, is a glimmer of progress. The General Council of Andorra, the nation’s government, recently gave the Digital Assets Act, a legal framework for virtual currencies and blockchain technology, its blessing. There are two sections to the act. The first is developing “programmable digital sovereign money,” or … Read more
As of July 24, Bitcoin (BTC) was holding steady at $22,000, and bulls were still hoping for a strong weekly close in the green. Price Concentration Levels at Weekend According to data from TradingView, BTC/USD stopped falling over the weekend at $21,900 and started to move back toward $23,000. The pair maintained a trading range … Read more
Jordan Belfort, a former Wall Street trader, turned novelist, is the author of The Wolf of Wall Street, which Martin Scorsese converted into a movie in 2013. Former stockbroker Jordan Belfort, whose life inspired the blockbuster film The Wolf of Wall Street, has cautioned against investing in bitcoin with a “12-month or 24-month horizon”. While … Read more
According to the Bitcoin Mining Council’s most recent Q2 2022 report, almost 60% of the electricity used to power Bitcoin mining equipment comes from green sources (BMC). In its Q2 review of the Bitcoin network, released on July 19, the BMC found that the worldwide Bitcoin mining industry’s use of renewable power is up 6 … Read more
According to billionaire Mike Novogratz, Bitcoin may yet hit $500k in five years. Despite its expansion since its start, the cryptocurrency industry still has many detractors. Still, it also has plenty of enthusiastic supporters, including Mike Novogratz, the CEO of the cryptocurrency investment business Galaxy Digital. According to remarks made by Novogratz at the Bloomberg … Read more
The dominance of Binance over Coinbase and other exchanges is reaffirmed. Along with continuing to expand, it is currently the exchange with the largest holding of Bitcoins worldwide. As the bear market began, Binance and Coinbase’s fortunes stood in sharp contrast to one another. Through a show of force and ongoing hiring, Binance and its … Read more
The senators did their research and found that miners make much more coal and release “substantial amounts of carbon.” Some places, like New York, want to stop proof-of-work crypto mining for two years, and others are thinking about doing the same. Democrats in Congress have asked two government agencies to do something about Bitcoin mining … Read more