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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 Blasts Through $23.5K as Powell Speaks Following Fed Rate Hike
The U.S. central bank earlier Wednesday lifted its benchmark interest rate 25 basis points.
Decentralized Social Media Project Nostr's Damus Gets Listed on Apple App Store
Former Twitter CEO Jack Dorsey has donated to Nostr and promoted the open protocol that aspires to create a censorship-resistant global social network.
Federal Reserve Lifts Interest Rates Another 25 Basis Points
Bitcoin's price was little changed in the minutes following the announcement.
SEC Filing Shows Tesla Lost $140M in Bitcoin Last Year
According to a Monday U.S. Securities and Exchange Commission (SEC) filing, Tesla lost over $140 million from its bitcoin (BTC) bets in 2022. "The Hash" panel discusses what this means for bitcoin's narrative as a safe haven asset.
Bitcoin Little Changed on Soft Economic Data Ahead of Fed Meeting
Wednesday morning's ADP jobs and ISM manufacturing reports both came in weaker than expected.
PKT Pal Expands Its Crypto-Powered Wi-Fi Device Lineup With Launch of 'Mini'
Customers were able to deposit $99 to reserve the $499 device starting yesterday.
Bitcoin and Hang Seng's Stalled Rally Might Mean Wider De-Risking Ahead, TradFi Firm Says
Failures in BTC and Hang Seng are technical warnings signs that these early 2022 halcyon vibes may not last all year, one observer said.
ARK Invest Maintains Prediction Bitcoin Price Will Hit $1M by 2030
A new report by Cathie Wood’s growth-focused fund outlines how bitcoin continues to outperform every other major asset class.
Bitcoin Could Be in the Later Stages of the Bear Market, On-Chain Data Suggests
Some analysts say that while overall market sentiment cannot be called bullish just yet, the recent price and on-chain data suggest that bitcoin could be in the later stages of a bear market.
