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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 Friendly Miami Mayor Francis Suarez Jumps Into Presidential Race
Suarez joins an increasingly crowded field as a longshot candidate for the Republican nomination. The mayor has accepted his salary in bitcoin.
Bitcoin’s Lack of Layer 2s Is a Blessing in Disguise
The unscalable blockchain par excellence can help fix crypto's longstanding scalability problem. The solution is to build a network where base and scaling layers are indistinguishable.
Bitcoin Correlations Continue On-Again, Off-Again Relationship With Traditional Finance
The positive relationship between bitcoin and traditional finance is now inverted , highlighting the independence of bitcoin as an asset
Apple Rejects Bitcoin Wallet Zeus a Day After Threatening to Delist Damus
The tech giant cited transmission of a virtual currency without necessary licenses and permissions as the primary reason for the app’s rejection, according to Zeus’ founder.
Bitcoin Sinks Below 25K, Altcoins Tumble, as Investors Shrug Off Fed Rate Hike Pause
Ether declined more than 3% to $1,650 less than three hours after the Fed ended its more than year-long diet of interest rate increases. ADA plunged more than 5%, while SOL and Matic each dropped over 4%.
Fed Leaves Policy on Hold, Ending Long String of Rate Hikes
The U.S. central bank had previously raised rates at 10 consecutive meetings spanning the previous 15 months.
A Crypto Lesson From George Soros Amid Binance and Coinbase Accusations
Positioning and expectations explain why the Binance case drove prices down but markets rebounded after Coinbase.
Strike Expands Lightning-Powered Cross-Border Payments to Mexico
The company says Mexico is the largest market for remittances from the U.S.
Bitcoin Price 'Throwback' Suggests Potential for Rally to $37K: Valkyrie Investments
A throwback is a countertrend move where prices reverse direction and move back towards a breakout point, paving the way for a strong rally.
