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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
First Mover Americas: Gemini Sued Over Interest-Earning Product
The latest price moves in crypto markets in context for Dec. 29, 2022.
First Mover Asia: Bitcoin Retreats Further Into the Gloom
The largest crypto by market capitalization dropped below $16,500 at one point on Wednesday. ALSO: CoinDesk research analyst George Kaloudis ranks his top five industry annoyances with FTX topping the list.
Bitcoin Remains Resilient Above $16K Despite FTX Fallout
Bitcoin (BTC) is drifting slightly lower Wednesday, but not by much, as investors continue their year-end hibernation. The largest cryptocurrency by market capitalization has remained resilient above the $16,000 support level, despite the widening fallout from the implosion of crypto exchange FTX. "All About Bitcoin" host Christine Lee presents "The Chart of the Day."
Bitcoin Drifting Lower As Crypto Winter Persists
Bitcoin (BTC) drifted lower to around $16,600 in Tuesday trading as crypto prices remain frozen amid a prolonged winter. Umee Founder and CEO Brent Xu discusses crypto's lack of volatility and the impact of recent bankruptcy filings on crypto debt platforms' reputation. Plus, his markets outlook and insights on exchange Kraken ending operations in Japan.
MicroStrategy Added 2,500 Bitcoins for $45M in Last 2 Months
The software company also sold a small amount of the cryptocurrency for the first time.
First Mover Americas: Sunset for Kraken in Japan
The latest price moves in crypto markets in context for Dec. 28, 2022.
First Mover Asia: Bitcoin Drifts Lower as Crypto Winter Continues
ALSO: CoinDesk Columnist David Z. Morris played soothsayer about the seriousness of the allegations against Sam Bankman-Fried, the former CEO of embattled crypto exchange FTX.
How Long Will Bitcoin's Sideways Trading Last?
Bitcoin (BTC) is trading flat below $17,000, after falling roughly 64% this year. Prosper Trading Academy's Cryptocurrency Educator Howard Greenberg discusses the reasons behind the token's recent stagnant price and his crypto markets outlook for 2023.