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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 Remains King While Crypto Hedge Funds Get Rekt
Even though crypto hedge funds managed positive returns during the first half of the year, bitcoin trounced them, according to a 21e6 Capital report.
Michael Saylor’s Bitcoin Billions Have Rebounded Since He Exited CEO Job a Year Ago
BTC’s price is around $29,000, up from less than $23,000 when he decided in 2022 to focus on buying the cryptocurrency.
First Mover Americas: Michael Saylor's Wager on Bitcoin Looking Better
The latest price moves in crypto markets in context for August 7, 2023.
Crypto Options Traders Bet Against Volatility
"Given the absence of big news in August, selling volatility and taking a vacation for solid theta gains is the only thing I can do right now," one trader said. Crypto traders typically short volatility by selling, or writing, call or put options.
NFT Trading Is Ice Cold But Developers Are Still Hot for Web3
This week, new reports were released that point to a major slowdown in NFT trading. Plus, Etihad Airways will soon let its community of frequent fliers stake NFTs for miles.
Bitcoin Little Changed This Week as Broader Crypto Gauge Sheds 1.6%
The theme of relatively flat prices continued as July turned to August.
Miami Mayor Francis Suarez to Accept Presidential Campaign Donations in Bitcoin
The move is part of a "process of developing technologies that are going to create democratizing opportunities for wealth creation," Suarez said in an interview on CoinDesk TV on Friday.
