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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
Chainlink’s LINK Pops 15%, XRP Loses Steam as Bitcoin Revisits $29.6K Range Lows
Tech stocks such as Tesla and Netflix, which crypto prices tend to correlate with, sold off during the day as investors shied away from risk assets.
Initial Jobless Claims Suggest Continued Fed Tightening, but Investors Appear Unfazed
Bitcoin investors have been unmoved by recent macroeconomic data. Muted reactions suggest that they’ve already priced in much of what has occurred
Federal Reserve Launches Instant Payments Service; Tesla's Bitcoin Holdings
“CoinDesk Daily” host Jennifer Sanasie dives into today’s biggest headlines in crypto, including the Federal Reserve officially opening its new instant payments service, FedNow. Tesla (TSLA) did not buy or sell any bitcoin for the fourth straight quarter in Q2 2023. And, some users of FTX are being targeted by a potential phishing attack after being sent a "reset password" request from the exchange's official customer support email.
First Mover Americas: XRP Momentum Could Set Precedent for Bitcoin
The latest price moves in crypto markets in context for July 20, 2023.
XRP Moving Above 'Cloud' Resistance Is Bullish Precedent for Bitcoin: Analyst
We view XRP's breakout above the Ichimoku cloud as a good example for bitcoin, Fairlead's Katie Stockton said.
First Mover Asia: XRP, XLM Climb While Bitcoin Trudges Below $30K
PLUS: Ripple's partial victory last week in its ongoing legal feud with the Securities and Exchange Commission left important questions unsettled for token issuers, a crypto lawyer told CoinDesk TV.
XRP Soars 10%, Lifting Altcoins as Bitcoin Dominance Teeters at 1-Month Low
Bitcoin’s stall despite a recent wave of positive crypto news is a cause for concern, one observer said.
Tesla Didn’t Buy or Sell Any Bitcoin for Fourth Straight Quarter in Q2
The value of its bitcoin holdings remained at $184 million.
Can Bitcoin Break Out of Its Funk? The Answer Appears to Be No
While overall bitcoin and ether price performance have been strong in 2023, it’s largely been a first quarter story
