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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 Climbs Above $22K as Powell Softens Tone on Day 2 of Congressional Testimony
The Fed chair said no decision has yet been made on the size of the coming March rate hike.
Bitcoin Slips to 3-Week Low as Market Sees Federal Reserve Lifting Rates to 5.65%
The fed funds futures show traders pricing in a higher-for-longer interest rates mantra by the Fed.
First Mover Asia: Bitcoin, Ether Bounce Back After Being Tested by Fed Chair Powell’s Comments
ALSO: Data from CryptoRank, which tracks crypto fund portfolios, shows that despite massive declines last year, a number of major funds are up over the past three years.
Why Yuga Labs' Embrace of Bitcoin NFTs Is a Big Deal
Despite the critics, applications like Ordinals are the next on-ramp for Bitcoin adoption, Aubrey Strobel writes.
Bitcoin Rebounds Above $22K, Equities Struggle After Fed Chair Powell Says Rates Are ‘Likely to Be Higher’
Over 70% of traders now see the possibility of a 50 basis point rate hike at the March FOMC meeting. Bitcoin has dropped 1.6% in the past 24 hours but remained rangebound.
Fed Chair Powell's Comments Shift Rate Projections; Bitcoin Holds Warily
U.S. central bank Chair Jerome Powell indicates rates may need to move higher than was previously expected; risk assets decline accordingly
Yes, Crypto Is Still Early
Crypto critics often accuse our ecosystem of hiding behind the excuse that “we’re still early” to justify the lack of mainstream adoption. The thing is, 14 years in, we really are “still early,” says Noelle Acheson.
A Closer Look at FTX’s Most Recent Bankruptcy Documents
The exchange owes customers $1.6 billion in bitcoin, and only has $6 million of it on hand.
Bitcoin Price Slides to $22K as Powell Warns on Inflation
The Federal Reserve chairman said economic figures from January were stronger than expected.
Crypto Observers Look to Treasury Yields for Cues as Bitcoin Remains Comatose
BTC may struggle to maintain current valuations if the U.S. government bond yields extend the February rally, one trading firm said, although the yields have started to pull back.
