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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
Crypto OTC Desks Now Hold Over $22B in Bitcoin: CryptoQuant
Miners often turn to OTC deals to sell bitcoin, CryptoQuant noted.
Bitcoin Flipflops; MATIC, LINK Surge as Dim Market Action Continues
BTC retreated gains from late Wednesday, leading to similar price action among majors.
Bitcoin's Uptrend Threatened by Looming 'Stochastics' Signal: Fairlead Strategies
The pending signal, if confirmed, would imply a challenging time ahead, according to analysis by Fairlead Strategies.
Protocol Village: Nym's VPN App Moves to Public Beta, GenLayer Raises $7.5M
The latest in blockchain tech upgrades, funding announcements and deals. For the period of Aug. 15-21.
TradFi Underestimates Bitcoin's Enormous Scale, Franklin Templeton CEO Says
Bitcoin processed $36.6 trillion in transactions last year, far more than payment network giants Mastercard and Visa combined.
RFK Jr. Reportedly Dropping Out of Presidential Race, Mulling Trump Endorsement; Bitcoin Jumps Past $61K
The independent candidate has scheduled a national address for Friday.
Bitcoin Gets Brief Boost After U.S. Employment Growth Revised Lower
Job growth for the 12-months ending in March 2024 was 818,000 lower than previously reported, according to a government report.
First Mover Americas: Bitcoin Holds Below $60K Before U.S. Jobs Data Revision
The latest price moves in crypto markets in context for Aug. 21, 2024.
Bitcoin Metrics Signal Weak Demand as BTC ETF Hype Slows: CryptoQuant
Apparent demand has slowed considerably since early April and even dipped into negative territory this month, the firm noted.
