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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
Spot Bitcoin ETF Approval Might Be Near, but Analysts Differ on Possible BTC Price Reaction
One line of thought envisions a major rally, while another suggests approval has been fully baked into prices.
Bitcoin Holds $28K as Stocks Buckle Under Interest Rate Concerns
Also, there's a growing consensus that SEC approval of a spot bitcoin ETF is surely in the cards.
Lightning Labs Rolls Out 'Taproot Assets,' to Make Bitcoin 'Multi-Asset' Network
Taproot Assets will give developers "the tools needed to make Bitcoin a multi-asset network, but in a scalable manner," according to Lightning Labs.
Bitcoin Financial Services Firm Unchained Looks to Attract Wealthy Clients With New Advisory Service
Sound Advisory will offer a network of "bitcoin-competent" financial planners to help HNWIs build distribution and utilization strategies and address potential tax and inheritance issues.
Bitcoin 'Bollinger Bandwidth' Signals Wild Price Swings Ahead
The widely-tracked technical analysis gauge recently tanked to levels that have historically presaged a return of volatility to the crypto market.
First Mover Americas: GBTC Discount Continues to Narrow; Reddit’s Crypto Tokens Plummet
The latest price moves in crypto markets in context for Oct. 18, 2023.
Bitcoin Nears $29K as Fidelity ETF Amendment Bumps Bullish Sentiment
Some analysts said the amendments show the U.S. Securities and Exchange Commission is holding active discussions with related parties.
Ether Could Continue to Underperform Bitcoin as U.S. Bond Market 'Dis-Inversion' Resumes
The spread between yields on 10-year and three-month Treasury notes has resumed the recovery toward zero. Ether has a strong inverse correlation with the yield spread than bitcoin.
Coinbase Trading Volume Slows Further as Crypto Winter Continues: Berenberg
Political headwinds could blunt the impact of the crypto exchange’s ramped-up lobbying efforts, the report said.
