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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
Storj, Filecoin and Solana Lead First Week of July Crypto Market Gains
STORJ, the native token of the crypto-backed, cloud storage platform, rose 15% on the week, outdistancing bitcoin and ether, among other digital assets.
U.S. Added 209K Jobs in June, Missing Expectations for 230K
The unemployment rate fell to 3.6% versus 3.7% in May and against expectations for 3.7%.
Bitcoin Retakes $30K, Asian Stocks Hit 5-Week Low Ahead of U.S. Jobs Report
The Bureau of Labor Statistics will release the nonfarm payrolls report for June at 12:30 UTC.
First Mover Asia: Bitcoin Whales Are Increasing, but BTC Sent to Exchanges Continues to Fall. What Does the Trend Mean?
PLUS: Bitcoin tumbled below $30,000 for the first time in almost two weeks after a disappointing ADP private sector jobs report and ISM services index, but regained some ground later on Thursday.
FOMC Minutes Show Uncertainty, Cautious Optimism. Large Bitcoin Investors Are Taking Divergent Paths
The largest and smallest bitcoin whales have added to their holdings, but the group in between has jettisoned some of their tokens.
Lightning Labs Unveils Bitcoin Tools for AI
“We are in the realm of enabling use cases that weren't previously possible,” Lightning Labs CEO Elizabeth Stark told CoinDesk.
Bitcoin Retreats to $30.6K as Blowout ADP Report Strengthens Fed Rate Hike Bets
Traders now see a 94% chance of the Fed raising rates by 25 basis points later this month.
First Mover Americas: Bitcoin Cash Rises More Than 10%
The latest price moves in crypto markets in context for July 6, 2023.
