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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 Soars Over $22K to Reach Four-Month High
Bitcoin rose over 5% and hit its highest level since mid-September. Market watchers will be eyeing the Federal Reserve’s next utterances.
Craig Wright’s Blacklist Resembles Bitcoin ‘Kill Switch’ Satoshi Never Followed Through On
Bitcoiners are cringing at the fact that users of the rival Bitcoin SV (BSV) blockchain can now freeze and confiscate other users’ coins, thanks to the Australian computer scientist Craig Wright’s “blacklist manager” – a software tool for recovering lost or stolen coins. But did Satoshi Nakamoto, inventor of Bitcoin, suggest a similar “kill switch” feature 13 years ago? CoinDesk Bitcoin Protocol Reporter Frederick Munawa explains.
A Bullish Case for Bitcoin
Bitwise analysts see bitcoin starting a three-year bull run this year, based on past cycles when the price of the cryptocurrency has risen in advance of a bitcoin “halving,” which is when the reward for mining a block of bitcoin is cut in half. The next halving is expected to occur early in 2024.
Craig Wright’s Blacklist Resembles Bitcoin ‘Kill Switch’ Satoshi Never Followed Through On
The blacklist manager was unveiled in October and is part of Bitcoin SV’s digital asset recovery process.
First Mover Americas: Bitcoin, Ether Rise Slightly After Genesis' Chapter 11 Filing
The latest price moves in crypto markets in context for Jan. 20, 2023.
Bitcoin, Ether Hold Steady After Genesis' Bankruptcy; Crypto Traders Say Bad News Was Priced In
The path of least resistance for crypto is on the higher side, one observer said, drawing attention to bitcoin's tendency to carve out double-digit gains during the Chinese New Year holidays.
First Mover Asia: Bitcoin Returns to Its Winning Ways
ALSO: Shaurya Malwa writes about Singapore asset management firm Cobo's initiative to introduce separate custodian, clearing and settlement services to crypto.
Crypto Markets Today: Bitcoin Rides Over $21K, FTX's Possible Revival
Bitcoin rose 1.5% to trade at $21,100 after dipping earlier on Thursday. Ether was also trading up 0.6% to $1,550. Equities closed down.
Bitcoin Holds Steady Near $21K Even as Equities Slide
Bitcoin was hovering near $21,100 Thursday in afternoon trading. Investors have priced in Genesis’ looming bankruptcy filing and the crypto industry’s other recent travails, one analyst said.
Latest Sign of Strengthening Momentum in Bitcoin
Bitcoin's 14-day relative strength index (RSI) recently rose past 80 to its highest since 2019 after bitcoin (BTC) touched a two-month high, according to data from Trading View. This comes as Arcane Research considers this a "proper signal of strengthening momentum in BTC since the bull market of 2021." "All About Bitcoin" host Lawrence Lewitinn breaks down "The Chart of The Day."