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

Markets

Buy the Dip, Sell the Bounce: Crypto Funds Have Biggest Outflows in 12 Weeks

Total asset under management (AUM) in digital-asset funds dropped to a new two-year low of $22.2 billion, according to CoinShares.

By Helene BraunNov 28, 2022

Crypto funds had the biggest week of outflows in three months. (CoinShares)

Videos

Bitcoin and Ether Trade Lower Along With Equity Markets

Bitcoin (BTC) is holding above the support level of $16,000 while ether (ETH) dropped below $1,200 as on-chain researcher Lookonchain warned of selling pressure after a whale moved large amounts of ETH to Binance. Hashdex CEO and co-founder Marcelo Sampaio weighs in on the recent price actions and discusses his outlook on the broader crypto market.

Nov 28, 2022

Policy

Singapore Banks' Exposure to Bitcoin 'Insignificant' but Subject to Highest Risk Weight

Banks must hold $125 in capital against every $100 worth of bitcoin, a senior minister said.

By Sandali HandagamaNov 28, 2022

Monetary Authority of Singapore MAS Building (Shutterstock)

Markets

First Mover Americas: Bahamas on Defense After FTX's Collapse

The latest price moves in crypto markets in context for Nov. 28, 2022.

By Lyllah Ledesma, Omkar GodboleNov 28, 2022

Bahamas' attorney general is on defense after FTX, whose headquarters are in the country, imploded. (Laurie Chamberlain/Getty Images)

Markets

First Mover Asia: Dogecoin Surges 16% to Continue Its Holiday Cheer

The popular meme coin's upswing during U.S. Thanksgiving holiday celebrations, which started Thursday, was an exception in crypto markets as bitcoin and most other major tokens traded sideways.

By James Rubin, Sage D. YoungNov 27, 2022