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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 Prices Are Hot, but Here’s What Could Crush the Rally
BTC has proved incredibly resilient to the perils of the past year, including FTX’s demise. But there are some macroeconomic surprises that could erect obstacles to further gains.
Blockchain Project Interlay Wants its New Platform to Become a ‘One-Stop-Shop for Bitcoin DeFi’
“We've only seen the tip of the iceberg with bitcoin DeFi today,” said Interlay CEO and Co-founder Alexei Zamyatin in an exclusive interview with CoinDesk.
First Mover Americas: Cryptocurrency Trading Volumes Increase for First Time in 3 Months
The latest price moves in crypto markets in context for July 5, 2023.
Bitcoin No Longer Correlated to U.S. Stocks, Crypto Analytics Firm Block Scholes Says
The 90-day rolling correlation between bitcoin and Nasdaq, S&P 500 is now at the lowest level observed since July 2021, according to data tracked by crypto derivatives analytics firm Block Scholes.
First Mover Asia: Bitcoin Holds Above $30.5K at the End of a Quiet, Long Weekend
PLUS: Dismissing the very real prevalence of Ponzi schemes in GameFi isn't a good look for Web 3.
Bitcoin May Be Forming a 'Bull Flag' on Price Chart: Technical Analysis
A bullish flag looks to be forming and would be completed on a breakout above $31,900, analysts at Fairlead Strategies said.
Crypto Traders Cautious on Bitcoin as Fiat Liquidity Measures Point Lower
It would be unusual for bitcoin to stay bullish when fiat liquidity measures are pointing lower, one portfolio manager said.
Gemini's Cameron Winklevoss Tweets $1.5B 'Final Offer' in Debt Talks Over Crypto Firm Genesis
Creditors of the crypto financial firm Genesis propose a package $1.5 billion of forbearance payments and loans denominated in dollars, bitcoin and ether, according to a term sheet posted on Twitter by the Gemini co-founder.
First Mover Asia: Bitcoin Crosses $31K After Spot BTC ETF Issuers Begin Refiling
PLUS: The first half of 2023 has so far been very promising for the crypto majors.
