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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
First Mover Americas: Binance.US Suspends Dollar Deposits
The latest price moves in crypto markets in context for June 9, 2023.
Bitcoin Trades at Narrow Discount on Binance.US
News of a possible halt in U.S. dollar withdrawals sparked an increase in bitcoin trading as customers looked to remove their assets from the exchange, one observer said.
First Mover Asia: Bitcoin Remains Resilient Near $26.5K, Despite Ongoing Binance, Coinbase Fallout
ALSO: Valkyrie's chief investment officer expects the U.S. central bank to suspend its nearly year-long diet of interest rate increases. That might please digital and other asset markets, but Steven McClurg said that the monetary dovishness is unlikely to continue later this year.
Jobs Data Offers Faint Hope for Digital Assets Even as Investors Fret Over Binance, Coinbase Suits
Initial jobless claims reached their highest levels since October 2021, ahead of next week’s rate decision
Jack Dorsey-backed Nostr Creator Collaborates With Zebedee on New Social Media Layer
Zebedee users will be able to join a waitlist for alpha access to an updated version of the app, which will feature integration with decentralized social media protocol Nostr (an acronym for “notes and other stuff transmitted by relays”).
First Mover Americas: SEC-Targeted Tokens Tumble
The latest price moves in crypto markets in context for June 8, 2023.
Bitcoin Traders Shrug Off U.S. SEC's Action Against Binance, Coinbase
Implied volatility metrics show no signs of panic after the SEC's filed lawsuits against the two cryptocurrency exchanges.
First Mover Asia: Bitcoin Falls Below $26.5K as Crypto Market Fades Amid Coinbase, Binance Angst
ALSO: Stablecoin balances may provide additional insight into price direction.
