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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 Bounces as U.S. Adds 311K Jobs in February, Beating Expectations
The unemployment rate rose to 3.6% against forecasts for it to hold steady at 3.4%.
First Mover Americas: Bitcoin Battered as Markets Spiral
The latest price moves in crypto markets in context for March 10, 2023.
Silicon Valley Bank Rocks Crypto and Equity Markets Ahead of Jobs Report
Analysts are worried that other tech-friendly lenders will face similar problems to Silicon Valley's.
First Mover Asia: Bitcoin Plunges to Mid-January Levels
ALSO: CoinDesk analyst Glenn Williams writes that despite crypto's recent problems, bullish sentiment seems to still be prevailing among holders of perpetual futures contracts for bitcoin and ether.
Bitcoin Falls Below $20K as 2023 Rally Reverses
A hawkish Fed, the demise of crypto-friendly Silvergate Bank, and a possible government sale of Silk Road-related bitcoin have given investors ample reason to sell.
Crypto Traders Suffer Over $300M of Losses in Liquidations Amid Market Crash
The largest long liquidation in at least a month suggests Thursday’s crash in crypto prices has caught traders off-guard. Bitcoin traders suffered the most losses, some $112 million in the past 24 hours, while ether liquidations surpassed $73 million, per data from CoinGlass.
Bitcoin Dips Below $21K to Reach Lowest Level In 7 Weeks as Silvergate Bank Shutdown Shakes Investors
Bitcoin and other major cryptocurrencies declined as the crypto-focused lender’s crisis continued to unfold; ether sinks 7%.
THNDR Games Launches Play-to-Earn Bitcoin Blocks Puzzle Game
The Bitcoin gaming company’s latest product will allow players to test their problem solving skills against others to win bitcoin.
