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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: Bear Market? Taxes? Crypto’s Allure in India Grows, KuCoin Survey Finds; Bitcoin Continues Holding Pattern Over $21K
A study by crypto exchange KuCoin found that 15% of the country’s population aged 18-60 held or had traded crypto in the past six months; ether trades sideways.
Market Wrap: Bitcoin Rises Slightly Along With Stocks
U.S. equity indexes snapped a three-day losing streak on Wednesday, dragging along crypto assets.
Wounded Crypto Traders Desperate for Clues From Fed’s Big Meeting This Week
The central bank’s annual Jackson Hole, Wyoming, conference could provide hints on where interest rates are headed – and thus where crypto prices will go.
Bitcoin ‘Lost Its Narrative’ Ahead of Ethereum Merge, Expert Argues
Martin Leinweber, Digital Asset Product Strategist at Market Vector Indexes (MV), explains why he thinks bitcoin "has completely lost its narrative" ahead of the Ethereum merge.
Bullish Narrative on Ethereum Merge ‘Overheated’: Strategist
Martin Leinweber, Digital Asset Product Strategist at Market Vector Indexes (MV), discusses the potential impact of the upcoming Ethereum merge on the NFT markets. “It is clear the bullish merge narrative got overheated,” Leinweber said.
Law Society of England and Wales Tells Members to Be Wary of Bitcoin Use in Transactions
"This is a cash transaction so there is a high risk of money laundering," the professional body told its members.
First Mover Americas: Ether Outperforms Bitcoin; CME BTC Futures Hit a Huge Discount to Spot Prices
The latest price moves in crypto markets in context for Aug. 24, 2022.
First Mover Asia: Bitcoin Trades Sideways, Investors Await Any Fed Interest Rate Signals; IMF Sees Growing Link Between Crypto and Asian Stocks
Bitcoin and ether were roughly flat over the past 24 hours.
Crypto Winter ‘Could Be Over’ as Investors Add to Positions, Says Market Analyst
Crypto could see “momentum really come into place,” Oanda Senior Market Analyst Edward Moya told CoinDesk TV’s “All About Bitcoin.”
Market Wrap: Crypto Assets Rise Following Soft Home Sales in July
Traditional traders have returned to pricing in a 50 basis point interest rate hike for the Federal Reserve’s September meeting thanks to the economic data.
