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Satoshi: Understanding the Smallest Bitcoin Unit
Introduction to SatoshiA Satoshi, often referred to as "Sat," represents the smallest denomination within a Bitcoin. One Bitcoin (BTC) is equivalent to 100 million Satoshis. This division into smaller units makes Bitcoin transactions flexible, allowing users to send and receive even minuscule amounts of Bitcoin.What Exactly is a Satoshi?Bitcoin, the pioneering cryptocurrency, is divisible into smaller units, with the smallest of these being the Satoshi. Named after Bitcoin's enigmatic creator, Satoshi Nakamoto, a single Satoshi is one hundred millionth (0.00000001) of a Bitcoin. This subdivision means that each Bitcoin is composed of 100 million Satoshis. Despite its diminutive size, the...
Statement on the Approval of Spot Bitcoin Exchange-Traded Products by Chair Gary Gensler Summary
Summary and key points from the "Statement on the Approval of Spot Bitcoin Exchange-Traded Products" by Chair Gary Gensler on January 10, 2024:1. **Approval of Bitcoin ETPs**: The Commission approved the listing and trading of several spot bitcoin exchange-traded product (ETP) shares.2. **Historical Context**: Previously, under Chair Jay Clayton from 2018 through March 2023, the Commission disapproved over 20 exchange rule filings for spot bitcoin ETPs. This included a filing from Grayscale to convert its Bitcoin Trust into an ETP.3. **Change in Circumstances**: A recent court ruling found that the Commission did not adequately justify its disapproval of Grayscale’s proposed ETP....
Official approval of the first Bitcoin Exchange-Traded Fund (ETF)
Bitcoin halving event is now less than 100 days away!
Bitcoin & Friends starts with Episode 1 - A Coin Is Born
We're thrilled to share some exciting news with our blog readers! A new YouTube series, "Bitcoin & Friends", has just kicked off with its debut episode, "Episode 1 | Bitcoin & Friends | A Coin Is Born". This innovative animated short film takes us into the imaginative world of Bitcoin and its eclectic group of friends.As we dive into this first episode, we're treated to a blend of humor and adventure, all set in the ever-evolving landscape of cryptocurrency. The series promises to be a delightful journey for both longtime crypto enthusiasts and newcomers alike. It's a unique way to...
Bitcoin celebrates its 15th anniversary this year!
