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



Markets

First Mover Americas: Bitcoin Tops $66K as Interest-Rate Cuts Loom

The latest price moves in crypto markets in context for May 16, 2024.

BTC price, FMA May 16 2024 (CoinDesk)

Markets

Ether-Bitcoin Ratio Slides to Lowest Since April 2021. Here's Why

"Ether is a 'lightning rod' for negative sentiment from crypto native and external players and has several weak spots," one observer said.

ETH/BTC hits a three-year low. (TradingView/CoinDesk)

Markets

Bitcoin Has Best Day in 2 Months as Markets Anticipate a ‘Summer of Easing'

The net percent of global central banks cutting rates is increasing in a positive sign for risk assets, including cryptocurrencies.

(Giovanni Calia/Unsplash)

Markets

Bitcoin Hits $66K as Soft Inflation Data Sparks Crypto Rally

Sluggish U.S. retail sales and softer inflation reports have opened the way for the next leg up in the crypto rally, Swissblock said.

Bitcoin price on May 15 (CoinDesk)

Policy

Sweeping ‘Bitcoin Rights’ Bill Becomes Law in Oklahoma

The new laws protect Oklahomans’ right to self-custody their crypto and prevent the state and local governments from banning crypto mining.

Oklahoma's new laws protect Oklahomans’ right to self-custody their crypto and prevent the state and local governments from banning crypto mining (Unsplash)

Tech

Protocol Village: Cyber, Formerly CyberConnect, Unveils Social-Focused Layer 2 on OP Stack

The latest in blockchain tech upgrades, funding announcements and deals. For the period of May 9-15.

Scene from Protocol Village at Consensus 2023 in Austin, Texas.

Opinion

Halving Impact and Macro Shifts Create Tailwinds for Bitcoin

Despite the drop in bitcoin’s price since April’s halving, there are still plenty of reasons to be bullish about BTC and crypto, says Paul Marino, Chief Revenue Officer at GraniteShares.

(Mourad Saadi/ Unsplash+)

Finance

U.S. CPI Softer Than Expected at 0.3% in April; Bitcoin Rises to $63.7K

In a year of mostly bad news on inflation, the government's Wednesday report gave some hope that Fed rate cuts might still be on the table.

The government's inflation report for April was released Wednesday morning (Getty Images)

Markets

First Mover Americas: Bitcoin Approaches $63K Ahead of U.S. CPI Data

The latest price moves in crypto markets in context for May 15, 2024.

BTC price, FMA May 15 2024 (CoinDesk)

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