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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
Bitcoin Pullback to $66K Triggers $250M in Crypto Liquidations as Traders Brace for 'Wild Wednesday' of FOMC, CPI Report
Tomorrow's Fed "dot plot" of interest rate projection and forward guidance by Chairman Powell will be key for what's next for the digital asset market, K33 Research said.
Metaplanet Discloses $1.6M BTC Purchase; Shares Jump 10%
The investment firm now owns 141 BTC, worth about $9.4 million.
First Mover Americas: Bitcoin Falls Below $67K as ETFs' Inflows Streak Ends
The latest price moves in crypto markets in context for June 11, 2024.
Fed Should Cut Interest Rate as Restrictive Stance Adds to Inflation, Democrats Say
Elevated interest rates aimed at taming inflation have become a part of the problem, three Democrat senators said.
Bitcoin ETFs See $65M Net Outflows on Monday, Breaking 19-Day Record Streak
Grayscale’s GBTC saw $40 million in outflows, the most among its counterparts, while Bitwise’s BITB led inflows at $7.6 million.
Bitcoin Slips Below $68K as ETFs Bleed $64M, Asian Stocks Decline
The U.S.-listed spot BTC ETFs registered a cumulative outflow of over $64 million on Monday.
Why Zoomers Should Embrace Bitcoin: An Open Letter to Gen Z
A high school junior makes the case to her peers.
Explaining Bitcoin's Dull Price Action Amid Record ETF Inflows
Most ETF inflows are likely part of a non-directional strategy, not outright bullish bets.
First Mover Americas: Bitcoin Little Changed After Liquidation Rout
The latest price moves in crypto markets in context for June 10, 2024.
