Aurelia Butler

For example, while everyone assumed that Bitcoin (BTC) would hit a price target of $100,000 quite easily — including many traditional financial institutions — by the turn of the new year, the flagship crypto continued to showcase a high degree of volatility despite having touched an all-time high of $69,000 earlier in November, and essentially just moved in a broad sideways channel for the past ten months. Continue Reading on Coin Telegraph More

The Genesis Block, the first bitcoin block ever mined, was created at 08:15 p.m. UTC by anonymous developer Satoshi Nakamoto. Over the course of these 13 years, the mysterious Bitcoin founder has become a legend, yet they have never revealed their identity.In the meantime, the Genesis Block became the prototype for all future blocks of the Bitcoin blockchain. This also marks the birth of Bitcoin, and by extension, the entire cryptocurrency space.13 years on and the Bitcoin blockchain consists of 716,989 Bitcoin blocks, with 18,918,625.00 bitcoins having been mined which accounts for more than 90% of the token’s maximum supply of 21 million. However, this number is constantly changing as a new bitcoin block is created approximately once every 10 minutes.The first-ever Bitcoin block generated a 50 BTC reward for contributing to the network and creating blocks. Today’s Bitcoin miners are rewarded with only 6.25 bitcoins for adding a new block to the chain. This is because of bitcoin halving which happens every 4 years, or every 210,000 blocks to be more precise. By the year 2140, the block reward will become 0 when the last bitcoin has been mined.The Genesis block also came with a hidden message inscribed in its code, which stated “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.”The message refers to the main headline of “The Times” newspaper of that January 3rd, 2009. It is considered to be both the timestamp for the Genesis Block, and also as the hint towards the failure of the global financial system, which lead to the birth of the decentralized alternative. Bitcoin has come the long way since its birth. The world’s first cryptocurrency has established itself as the dominant leader of the crypto space. Its accomplishments in decentralized finance are numerous and glittering, having topped an all-time high of $69,044.77 in November 2021, attracted billions of dollars of institutional money, become a recognized investment asset during an economically tightening pandemic, and even receiving the status of “legal tender” in El Salvador.On the FlipsideWhy You Should CareBitcoin is the flagship crypto of the decentralized space, whose movements strongly impact the price direction of the entire cryptocurrency market.EMAIL NEWSLETTERJoin to get the flipside of cryptoUpgrade your inbox and get our DailyCoin editors’ picks 1x a week delivered straight to your inbox.[contact-form-7]
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The NFT nicknamed the “EminApe” was created by GeeGazza in collaboration with Bored Ape. The transaction was completed by digital agency Six, which has previously worked with other celebrities in the NFT sector, including Wu-Tang Clan, Tycho and Galantis.Continue Reading on Coin Telegraph More

Bang Si-hyuk, Chairman of Hybe, mentioned in a statement released in November 2021 that the company will be partnering:Although investment experts may consider this a forward-thinking idea, the band’s plan to launch an NFT has not been well received previously by its fans, popularly known as BTS Army. The latter is concerned about the environmental impacts of the plan. According to the fans of the popular music band, NFT requires energy which is a major source of climate change. Thus, the band should not be associated with a social problem like that, given that the band has made a stance on environmental sustainability in the past. The fans went further by revolting online by creating and trending Twitter (NYSE:TWTR) hashtags such as BoycottHybeNFT” and “#ARMYsAgainstNFT” when the news about creating NFT for the music band emerged. Also, fans of the K- Pop band threatened to boycott Hybe if their demands were not met.However, Hybe, which is the management company of the K- Pop band, has stated that it will proceed with its plan to create NFTs modeled after the K- Popstars. According to John Kim, head of NFT business at HybeAmerica, the company’s plan to create “digital photo cards” for the band members is hinged on the prospects of NFT. He stated thatContinue reading on BTC Peers More

YFI’s price surged by a little over 47% in five days to $41,970 as traders rotated capital out of “top-cap” cryptocurrencies such as Bitcoin (BTC) and Ether (ETH) and looked for short-term opportunities in the altcoin market.Continue Reading on Coin Telegraph More