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

Tech

Lightning Network Bitcoin Deposits Now Live on Binance

Binance joins Kraken and Bitfinex in offering lightning network deposits.

By Oliver KnightJul 17, 2023

Binance sets up lightning network nodes (Leon Contreras/Unsplash)

Markets

First Mover Americas: BNB Is Being Heavily Shorted

The latest price moves in crypto markets in context for July 17, 2023.

By Lyllah Ledesma, Omkar GodboleJul 17, 2023

Markets

First Mover Asia: Bitcoin Hovers Near $30.3K After Expected Correction. Retail Investor Enthusiasm 'Likely to Increase': Analyst

The rising flows into Toronto-based Purpose’s spot bitcoin ETF, which received approval by Canadian regulators in 2021, reflect strong appetite among retail investors for these types of products and are a promising sign for U.S. companies who have recently filed spot BTC applications with the SEC.

By Sam ReynoldsJul 17, 2023