The price of Bitcoin dropped 3% in just 30 minutes after the major cryptocurrency exchange OKEx suspended withdrawals.
Bitcoin (BTC) was invented by a pseudonymous individual or group named Satoshi Nakamoto in 2008 and is the world’s first enduring cryptocurrency that succeeded where decades of digital cash experiments failed.
Bitcoin’s monetary policy is enforced through a unique blend of software, cryptography and financial incentives rather than the whim of trusted third parties. The Bitcoin network is powered by a cryptographically secure, verifiable database called the blockchain — itself a technological phenomenon.
The Bitcoin ecosystem consists of a global network of stakeholders, including the miners that secure the network and drive the issuance of the Bitcoin currency, the traders who speculate on this radically market-driven asset, and the builders working to onboard people to the cryptocurrency paradigm.
At Cointelegraph, we are chronicling the ongoing story of Bitcoin and the rise of a borderless, permissionless financial system. What has changed since Satoshi wrote the Bitcoin white paper? How is Bitcoin trading developing over the years, what are the best ways of investing in Bitcoin, and how do Bitcoin futures influence blockchain adoption? How will industry stakeholders work to make Bitcoin a mainstay in people’s lives, and will incumbent and legacy systems accept or fight this change?
Major exchange OKEx suddenly suspended crypto withdrawals while one its key custodians cooperates with an investigation, shaking the crypto markets11357
Is Ethereum’s recent bullish online sentiment good or bad? Short-term holders are now in the black, is a ‘sell zone’ approaching?8288
Dan Tapiero believes Bitcoin could face a supply shortage if institutional demand for BTC continues to increase.8882
His doom and gloom comments continue to roll in for global currencies.4445
The price of Bitcoin is likely to see a retest of $12,000 in the short term.4909
The MVRV ratio is firmly sticking to its 2-year uptrend, with support in place for fresh all-time highs, says Stack Funds.10316
People will be able to “bank themselves” with crypto.2654
The Nasdaq-listed company is moving ahead with its ambitious expansion plan.4314
The veteran trader says bullish trends make shorting the current correction a dangerous move, and the dip “may already be over.”13589
The price of Bitcoin rejected $11,500 in a swift price drop alongside rising shorts on BitMEX and slumping U.S. stocks.12805
The Mt. Gox trustee rehabilitation plan is purportedly coming in mid-December.4717
Despite $4B worth of BTC and ETH being locked in DeFi over the past five months, the two top coins still account for less than half of the sector’s TVL.3175
Multi-year Ether accumulation has been growing in 2020, but things may soon change with the launch of staking.6923
The CEO of Twitter and Square has urged Bitcoiners to join the fight to end the Special Anti-Robbery Squad (SARS) in Nigeria3581