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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
Ether, Solana Lead Losses Among Major Cryptos, Analysts See Further Declines After Fed Rate Hikes
No clear buy signal emerged for bitcoin and a poor macroeconomic situation still dominates, one analyst said.
Institutional Traders Have Mixed Views About Tesla’s Decision to Sell Bitcoin
“Macro and micro factors are complex, and cash on hand is welcome,” a trader interviewed by CoinDesk said.
First Mover Asia: Is DEX Efficiency a Long-Term Threat to Coinbase; Bitcoin Sinks Below $22K
Coinbase’s revenue dwarfs that of the decentralized exchange Uniswap but the two companies are generating roughly the same trading volume; ether plunges.
Market Wrap: Bitcoin Starts the Week in Negative Territory
Bitcoin declines on lower than average volume, offering lower prices but little conviction.
Tesla Recorded $64M Gain on Bitcoin Sales in Q2
The electric car company also posted an impairment of $170 million on its remaining bitcoin holdings.
First Mover Americas: BTC and ETH Outperform Traditional Markets in July Despite the Dollar's Strength
The latest price moves in crypto markets in context for July 25, 2022.
Bitcoin Drops Even as Wall Street's 'Fear Gauge' Indicates Calm Ahead of Fed Decision
"I don't think the hawkish Fed trade has peaked," one observer said.
First Mover Asia: BTC Falls Below $22.4K; Coinbase Shares Remain Alluring for Institutional Investors
Cathie Wood’s Ark Invest, ETF issuer Exchange Traded Concepts, Cullinan Associates and Utah-based Refined Wealth Management all significantly added COIN to their portfolios as per June 30 filings.
Accounting Rules Make the Outcome of Tesla’s Bitcoin Sale Unclear
After the car maker sold 75% of its bitcoin, Twitter piled on the company for losing money on the sale even though it didn’t.
