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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
Crypto Markets Analysis: Crypto Trades Lower as Regulatory Concerns Trump Encouraging Macro Signs
The announcement that Kraken had agreed to “immediately" end its crypto staking-as-a-service platform for U.S. customers and to pay $30 million to settle SEC charges roiled markets.
Legal Expert Weighs in on Craig Wright Losing Bitcoin Copyright Claim in UK Court
The file format of the Bitcoin blockchain can’t be protected by copyright, a U.K. judge has found, ruling against self-proclaimed inventor Craig Wright. Louise Abbott, partner at Keystone Law, discusses the court's response after the judge said the file format of Bitcoin – the sequence of a header and list of transactions that together form a block – can’t be treated like a literary work because Wright can’t show how they were first recorded.
Bitcoin Drops Below $22K as Kraken Agreement to Close US Crypto Staking Operations Spooks Investors
The largest cryptocurrency by market capitalization declined after the crypto exchange giant agreed to settle charges with the SEC to shutter the service.
Bitcoin Punks: Ordinal NFT Collection Soars in Value
Late Wednesday, one Ordinal Punk NFT minted on the Bitcoin-native Ordinals Protocol sold for 9.5 BTC, roughly $214,000.
Bitcoin Network Activity Sees Uptick Amid Ordinals Protocol Popularity: Report
Network activity on the Bitcoin blockchain has hit a level not seen since China banned crypto miners in May 2021, according to data from CryptoQuant. The uptick stems from the popularity of the Ordinals protocol, which allows NFTs to be stored on Bitcoin. Okcoin Chief Operating Officer Jason Lau reacts to the report.
First Mover Americas: Coinbase CEO Brian Armstrong Suggests SEC Could Ban Staking
The latest price moves in crypto markets in context for Feb. 9, 2023.
Bitcoin Network Activity Spikes to Two-Year High Thanks to NFTs, CryptoQuant Says
Transactions are coming from the popularity of the recently deployed Ordinals protocol, which allows for NFT-like tokens to be stored on-chain.
First Mover Asia: Bitcoin Hovers Near $23K; Why AI Tokens Are on a Months-Long Tear
ALSO: Shaurya Malwa writes that institutional investment has made a compelling argument for AI-related protocols; LDO jumps after a tweet by Coinbase CEO Brian Armstrong.
Bitcoin NFTs Explode in Popularity as BitMEX Research Shows 13,000 Ordinals
Interest has skyrocketed following the first Ordinals transaction on Dec. 14.
Crypto Markets Analysis: Ether Pulls Even With Bitcoin in Year-to-Date Performance
BTC had been outperforming ETH, but the spread between the two largest cryptocurrencies has now evaporated as the ether supply continues to decline.
