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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
Apple May Not Like It, but ‘Zapple Pay’ Finds Workaround for Bitcoin Tipping on Damus
The new third-party payment service claims to be independent of the Damus iPhone app that Apple has tried to restrict, and lets users tip one another on any app that runs on the Nostr protocol.
Bitcoin Could Rise to $120K by End-2024: Standard Chartered
The bank previously said it expected the cryptocurrency to reach $100,000 by then.
First Mover Americas: Bitcoin Holding Above $30K After Quiet Weekend
The latest price moves in crypto markets in context for July 10, 2023.
Bitcoin Steady Above $30K as China Factory Deflation Suggests End of Global Tightening Cycle Is Near
China is exporting deflation across the Western world. Ultimately this will be good for risk assets as it relates to the end of the global interest-rate increase cycle, one observer said.
First Mover Asia: Bitcoin Opens Week Defending $30K Support Level
PLUS: The dYdX Foundation's Charles d'Haussy says that dYdX's move away from Ethereum might be the beginning of a broader trend.
BlackRock CEO’s Turnabout on Bitcoin Elicits Cheers, Skepticism of Crypto Cred
Larry Fink, CEO of the world’s biggest asset manager, says crypto could “revolutionize finance,” endorsing an industry he once viewed with skepticism. But the very nature of an ETF is at odds with the original ideals of Bitcoin.
Large Bitcoin Holders Reluctant to Move Assets on to Centralized Exchanges: Data
Despite a recent increase in bitcoin whales, large BTC holders remain reluctant to move assets on to centralized exchanges, according to data from Glassnode. Bitcoin whales, and whales moving assets on to exchanges have taken separate paths, as large investors seem wary of moving their assets out of cold storage. CoinDesk's Jennifer Sanasie presents "The Chart of The Day."
