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



Finance

New Bitcoin-Focused VC Firm Ego Death Capital Raising $30M

The fund had raised over $11 million of its target as of mid-September.

(Pixabay)

Markets

Market Wrap: Crypto Prices Decline Slightly as Trading Volumes Continue to Sag

Bitcoin and ether volatility have also been declining but the futures estimated leverage ratio for both has been rising.

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Markets

Bitcoin Slips as Stocks Rise, Sparking Speculation Over Correlation

BTC’s 30-day correlation with stocks drops to the lowest point since January. The U.S. Federal Reserve’s aggressive interest hikes are “likely priced in,” a researcher says.

Bitcoin data chart shows a price drop on Tuesday. (CoinDesk).

Markets

First Mover Americas: Bitcoin Holding Up at $19.5K Despite Bearish Conditions

The latest price moves in crypto markets in context for Oct. 18, 2022.

Bear (mana5280/Unsplash)

Markets

Growing Popularity of Cash-Margined Bitcoin Futures Suggests Crypto 'Liquidation Cascades' Might Become Rare

Cash-margined contracts are relatively concise and not mathematically convex, making them easier for retail investors to understand and easier for exchanges to liquidate, one volatility trader said.

Los traders prefieren cada vez más los futuros de bitcoin con margen en efectivo. (Glassnode)

Markets

First Mover Asia: Macau’s Digital Currency Embrace Could Be a Nightmare for Its Casino Industry; Bitcoin Points Upward

The Special Administrative Region passed a bill that would create a legal framework for accepting digital currency, but would also allow China to monitor Chinese nationals visiting Macau; the largest cryptocurrency by market cap is trading above $19.5K.

(Macau Photo Agency/Unsplash)

Markets

Market Wrap: Bitcoin and Ether Start the Week Higher

BTC crossed $19,600 at one point but appears likely to continue trading in its recent narrow range.

BTC and ETH trade higher on moderate volume to begin the week. (DALLE-E/Coindesk)

Markets

Bitcoin Climbs Over $19.5K Amid Wider Rally in Riskier Assets

BTC was up nearly 2% over the past 24 hours, while ether rose 2.7%.

Bitcoin price chart shows the cryptocurrency's rise on Monday. (CoinDesk)

Videos

Bitcoin Is Not a Pure CPI Hedge: Strategist

Bitcoin (BTC) is both an inflation hedge and a risk asset that follows stocks, says Martin Leinweber, MarketVector Indexes digital asset product strategist. But, "what bitcoin is not, is a pure CPI hedge," he adds. Plus, he discusses why bond market trends are important for crypto.

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