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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 and Ether Fall Slightly as Macro Clouds Loom Over Market
The market downturn is likely influenced by some de-risking ahead of Thursday's release of inflation data, one crypto analyst says.
Crypto Funds Witness Minor Outflows – but It's Bullish, Actually
The majority of outflows were from "short" investment products, or those betting on price declines, according to CoinShares. It might be a sign that bearish sentiment is dissipating.
Bitcoin Slips Below $20K as October Doldrums Continue
Bitcoin (BTC) has yet to find inspiration in what has historically been a strong month, trading flat at $19,300. Opimas CEO and founder Octavio Marenzi discusses his crypto outlook ahead of the CPI report this week. Plus, insights into the correlation between bitcoin and gold.
Crypto Services Firm Luxor to Offer Derivatives for Bitcoin Miners to Hedge Risk
The new product will be based on “hashprice,” a term coined by Luxor to refer to the revenue miners earn from a unit of hashrate.
Paul Tudor Jones Tamps Down Bitcoin Bullishness
The legendary hedge fund manager spoke with CNBC about inflation, the Fed and crypto.
First Mover Americas: Bitcoin Stable Around $19K as Inflation, Earnings Haunt Traditional Markets
The latest price moves in crypto markets in context for Oct. 7, 2022.
First Mover Asia: Tough Week for Layer 1 as Solana, BNB Chain Suffer Outages; Bitcoin Trades Flat as October Doldrums Continue
The problems both protocols suffered are reminders that neither is really decentralized, and that they are not yet true challengers to Ethereum; ether and other altcoins trade sideways.
Bitcoin Advocate Ziya Sadr Arrested by Iranian Security Forces
A friend of Sadr told CoinDesk the Iranian blockchain educator was arrested in Tehran on Sept. 19 and has not been released.
Bitcoin Mining Is Cool Again; We Can Thank Africa, Prudence and Growing Hashrate for That
It has been a tough year for crypto mining industry, but the industry is primed for a rebound soon.
Market Wrap: Bitcoin, Other Risk Assets Fall Again Following Disappointing Jobs Data
Investors are nervous about rampant inflation prompting yet another massive rate hike by the Fed, and the economic damage that might cause.
