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Bitcoin

Bitcoin is the pioneer of blockchains and cryptocurrencies, introduced in a white paper released in 2008 by an apparently pseudonymous person or group of people known as Satoshi Nakamoto. The document described a peer-to-peer method of transferring money without the use of financial institutions. The cryptocurrency known as bitcoin or BTC debuted in 2009. Transactions are recorded on a public ledger (a blockchain) by entities known as miners who engage in process called proof-of-work. Miners are rewarded for doing that by getting newly minted bitcoin. Some proponents view BTC as an alternative to fiat currencies and a hedge against inflation. Bitcoin has inspired the creation of numerous other cryptocurrencies and blockchain projects.

DISCLOSURE: This text was written with the assistance of AI, then reviewed by a person



Videos

Craig Wright Found Not Liable for Breach of Kleiman Business Partnership

A federal jury ruled Craig Wright, the Australian who claims to have invented Bitcoin, is clear from all charges but must pay $100 million to W&K Info Defense Research, a company founded by his former business partner Dave Kleiman. The jury was not asked to decide on the identity of Satoshi Nakamoto.

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Is Crypto Dead in China?

Bitcoin and the crypto markets continued their slow recovery from this weekend’s pullback. Huobi Brokerage Director Victor Wei discusses the state of crypto in China and the potential impact of the country’s lending situation on price movements. Plus, insights into Huobi’s business operations in China and globally.

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What Was the Catalyst for the Crypto Market Weekend Plunge?

Bitcoin is recovering after dropping nearly $10,000 in roughly an hour Saturday to as low as around $42,000. GlobalBlock CEO Rufus Round discusses the potential factors that contributed to the weekend plunge in the crypto markets.

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Ether-Bitcoin Ratio Rises to 3 1/2-Year High as Crypto Crashed

Bitcoin tanked last week, pulling the broader crypto market lower. Meanwhile, the ether-bitcoin ratio rose 13%, reaching a three-and-a-half-year high and registering its best weekly performance since May. Is the "flippening" approaching? "The Hash" panel discusses the potential factors behind the crazy crypto markets' action.

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Bitcoin Confined to Familiar Range as Stocks Rise Ahead of Payrolls Data

New data on bitcoin's price movement reveals the cryptocurrency is continuing to trade in a familiar range as traditional markets exhibit improved risk appetite, with investors eyeing the release of the U.S. monthly employment report. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.

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Bitcoin Drops Below $56K as Momentum Slows, Support at $53K

Bitcoin sellers were active Friday, pushing the cryptocurrency toward the bottom of its weeklong price range. Lower support at about $53,000 could stabilize the current pullback. “All About Bitcoin’s” Week in Review panel discusses the week’s events that could have brought BTC to this low point and Square’s pivot after renaming itself as Block.

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When Will Bitcoin Break Out of Rangebound?

Bitcoin is trading near $57,000 at press time, extending a three-day-long consolidation in the familiar range of $55,800 to $59,300. Mark Elenowitz, president of trading software firm Horizon Fintex, discusses the potential impact of Omicron, inflation worries, regulation, and other factors he’s continuing to watch to indicate a breakout could be near.

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Messari CEO Ryan Selkis Reflects on the Year in Crypto

Crypto analytics firm Messari has released its Crypto Theses for 2022, a 150+ page report on key trends, people, companies, and projects to watch across the crypto landscape, with predictions for next year. Messari CEO Ryan Selkis shares insights into the past year in crypto amid mounting regulatory pressure in the space.

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