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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 Asia: A Pan-Asian Digital Currency? Good Luck Getting Rivals to Cooperate; Cryptos Hold Steady in Weekend Trading
Chinese researchers say such an initiative would increase monetary cooperation and reduce dependency on the U.S. dollar, but that probably isn’t what different countries want.
Bitcoin and Stocks Took a Gut Punch; the Builders Hardly Noticed
Instead of waxing poetic about why the price of bitcoin “doesn’t matter,” TABConf attendees got down to the business of trying to break bitcoin’s commerce layer.
Market Wrap: Crypto Markets Take Quieter Ride Following Thursday’s Roller Coaster
Prices are relatively flat across the board following a tumultuous week of discouraging economic indicators.
Bitcoin Outlook After Sinking to 4-Month Low
Bitcoin rebounded Friday, defying consensus for a continued slide in the wake of hotter-than-expected U.S. inflation data, but industry experts aren't sure if the recovery has legs. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
Bitcoin Steady Above $19K Even as Stocks Give Back Thursday’s Wild Gains
BTC was holding at around $19,300, though traditional markets slid on Friday following the release of earnings reports from major banks.
