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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 Miners Transfer $174M Worth of Coins to Exchanges in Two Weeks
The 14-day average of miner transfers to exchanges has increased sharply to 489.26 BTC, the highest since March 2021, according to Glassnode.
U.S. CPI Inflation Slowed to 0.1% in May; Bitcoin Rises
The news on consumer prices comes one day ahead of the results of the Fed's latest monetary policy meeting.
First Mover Americas: eToro Delists 4 SEC Targeted Tokens for U.S. Customers
The latest price moves in crypto markets in context for June 13, 2023.
Classifying Crypto Tokens as Securities Will Hamper Some Blockchains’ Decentralization Efforts, Bernstein Says
The core issue is whether countries should use securities law framed decades ago to categorize crypto tokens, without realizing the efforts of blockchain networks’ to transform existing financial systems, the report said.
Bitcoin's MACD Indicator Flips Bearish, Scares Crypto Twitter
The MACD histogram is a technical indicator widely used to gauge trend strength and trend changes.
FCA Right to Propose Stop to Marketing Crypto as ‘Inflation Resistant,’ UK Industry Members Say
A long-running industry narrative is that limited-supply cryptocurrencies like bitcoin can hold their value against inflation – similar to gold or bonds.
First Mover Asia: Binance's Exchange Flow Flips Positive; Bitcoin Trades Flat
ALSO: The co-founder of crypto security firm De.Fi called the price stabilization of crypto assets that plummeted after SEC lawsuits against Binance and Coinbase "mean regression."
First Mover Americas: VC Giant Andreessen Horowitz Looks to U.K. for Expansion
The latest price moves in crypto markets in context for June 12, 2023.
First Mover Asia: Here's Why Bitcoin's Support is Holding at $25K
These are challenging times for the crypto market, but bitcoin is holding firm.
