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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 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.
First Mover Americas: Bitcoin Traders Await Fed Decision
The latest price moves in crypto markets in context for June 14, 2023.
Bitcoin Supply on Exchanges Slides to Three-Year Low
Supply is likely dropping as traders and investors increasingly choose to self custody bitcoin holdings amid regulatory and exchange risks.
Fed Preview: Bitcoin Market Skews Bearish as Analysts Anticipate 'Hawkish Rate-Hike Pause'
The options market shows a bias for puts tied to bitcoin ahead of the pivotal Fed meeting.
Crypto Industry Destined to Be Bitcoin Focused After SEC Actions: MicroStrategy Founder Michael Saylor
Last week, the U.S. Security and Exchange Commission (SEC) filed lawsuits against Binance and Coinbase.
