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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 Volume vs. Altcoins Climbing Past 50% for First Time Since 2020
The share of bitcoin volume versus volume for altcoin markets aggregated across 14 centralized exchanges climbed past 50% for the first time since 2020, which could indicate bearish sentiment for the crypto markets. By contrast, the S&P 500's weekly chart has flipped bullish in a positive sign for risky assets including bitcoin.
Bitcoin Miner CleanSpark Hikes 2022 Hashrate Guidance by 10%
The company now sees year-end computing power at 5.5 exahash per second, up 10% from the previous outlook.
Asset Managers Add to Bitcoin Long Positions Ahead of Price Increase: Crypto Markets Analysis
Institutional Investors have been increasing their holdings in bitcoin, although the moves are unlikely to foreshadow a long-term price increase.
Bitcoin Tops $20K, Ether Surges to Its Highest Point Since the Merge
Other major altcoins were also in the green as investors regained their appetite for riskier assets following encouraging third-quarter earnings reports.
Crypto Stocks Soar as Bitcoin Rallies to Retake $20K
Coinbase, MicroStrategy and many of the miners are up by double-digit percentages on Tuesday afternoon.
'There's No Place to Hide': TradeStation Exec on Flat Market Conditions
"There's no appetite for any market right now," says Anthony Rousseau, senior director of product strategy at TradeStation Crypto. As bitcoin (BTC) and ether (ETH) continue to be stuck in a tight range, he says "everybody's got some hopium looking for the Fed pivot."
Chinese Intelligence Officers Allegedly Tried to Bribe US Officials With Bitcoin for Information
The Department of Justice announced that two intelligence officers working for the People's Republic of China allegedly tried bribing a U.S. government official with bitcoin in an effort to collect information about a prosecution against an unnamed company. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De breaks down the details and whether the company appears to be Huawei Technologies.
Bitcoin Remains Tight at $19K Level With Low Volatility
Bitcoin (BTC) continues in a tight trading range with traders expecting prices to remain unchanged for another week. Anthony Rousseau, senior director of product strategy at TradeStation Crypto, discusses the low bitcoin activity and his crypto outlook ahead of another Federal Reserve rate decision next week.
Chinese 'Spies' Used Wasabi Wallet to Try to Conceal Bitcoin Bribes, Elliptic Says
Analysis by the crypto analytics firm showed that all the bitcoin bribes originated from the coin mixing wallet.
Bloomberg's Matt Levine Writes 40,000-Word Article on Crypto
It's the only article this week in Businessweek, just the second time the magazine has been filled by a single piece.
