Wednesday, October 16, 2024

The Bitcoin Network

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Launched in January 2009 by the pseudonymous Satoshi Nakamoto, Bitcoin is the world’s first cryptocurrency and remains the most well-known and valuable. Born out of the desire for a decentralised financial system, Bitcoin operates on a peer-to-peer network, allowing users to transfer value without intermediaries. Its underlying technology, blockchain, ensures secure and transparent transactions by recording them in a public ledger. Bitcoin’s capped supply of 21 million coins and its deflationary nature make it a compelling asset in an era of inflationary fiat currencies. Over the years, Bitcoin has evolved from a niche digital experiment to a mainstream investment and a potential hedge against economic instability. Its role as 'digital gold' reflects its growing acceptance and the belief in its long-term value retention.

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Coinbase Introduces cbBTC: Wrapped Bitcoin Aims to Rival BitGo’s WBTC

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Coinbase has made a bold move into the world of decentralised finance (DeFi) with the launch of cbBTC, its own wrapped version of Bitcoin. This ERC-20 token, backed 1:1 by Bitcoin held in custody by Coinbase, allows Bitcoin holders to leverage their assets within the Ethereum and Base ecosystems. Coinbase’s entry into the wrapped Bitcoin market comes at a time of growing competition, particularly with BitGo, whose Wrapped Bitcoin (WBTC) has long dominated the space. With cbBTC, Coinbase aims to provide an alternative while expanding Bitcoin’s utility in DeFi.
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Bitcoin Surges and Tech Stocks Poised for Impact

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Bitcoin has surged to over $64,000 this week, driven by Federal Reserve signals on potential interest rate cuts. As the tech sector braces for Nvidia's crucial earnings report, which is expected to bolster tech stocks, Bitcoin’s performance may be closely linked to these developments. With the possibility of a rate cut and shifting economic factors, the coming weeks could be pivotal for both Bitcoin and the broader market.

Bitcoin Breaks Through $69k to Set New All-Time High, Followed by Sharp Pullback

Microsoft Crypto Wallet Integration in Edge Web Browser Being Tested

Revolutionising AI with blockchain-powered data infrastructure

Credit and debit cards will be accepted by Uniswap for cryptocurrency purchases

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YFarmX is a web3 media brand that delivers breaking news and premium insights about digital assets. As part of our editorial content, we provide learners with the critical analysis and information they need to make smarter decisions and to better understand emerging web 3.0 technologies.

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SBF Appeal Seeks to Overturn Conviction, Cites Judicial Bias

Solana News 0
Sam Bankman-Fried has filed an appeal seeking a retrial of his fraud conviction, citing judicial bias and claiming that the original trial was unfair. His legal team argues that the judge's actions compromised the fairness of the trial, leading to an unjust conviction.

UK Parliament Introduces New Bill to Recognise Cryptocurrencies as Personal Property

Regulation 0
The UK Parliament has introduced the Property (Digital Assets etc) Bill, officially recognising digital assets like Bitcoin, NFTs, and carbon credits as personal property. This new legislation provides owners with legal protections against fraud and theft, positioning the UK as a global leader in crypto law.

TADA Partners with TON to Introduce Web3-Powered Ride-Hailing

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TADA, a leading ride-hailing service in Southeast Asia, has partnered with the TON Foundation to launch TADA Mini, a Telegram-based app that integrates Web3 technology into ride-hailing. Users can now book rides directly through Telegram and pay with cryptocurrencies like $TON or $USDT-TON. This collaboration marks a step forward in mainstreaming blockchain technology and cryptocurrency adoption in everyday services.

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