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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
Nigerians Flock to Crypto as the Naira Weakens
Some Nigerians are turning to bitcoin (BTC) to hedge against the naira's drop in value amid a collapsing economy. Paxful Deputy General Counsel Jude Ogene and Africa Blockchain Institute Head of Research Oluwaseun Adepoju discuss the role of crypto as a potential tool for financial freedom. Plus, WomenInDeFi Brand Strategist Umeh Chinonye discusses the impact of Web3 and DeFi in Nigeria.
Exploring Crypto's Impact on the Black Community
"Community Crypto" host Isaiah Jackson is joined by Black Bitcoin Billionaires Co-founder Lamar Wilson, BTC Impact! Co-founder Kim Booker, and Top Prospect Inc. CEO Eddie Davis to discuss how bitcoin (BTC) and blockchain technology at large can help financially empower the Black community, citing the upcoming Blackout conference.
Market Wrap: Bitcoin Trades Down After Initial Push Higher
The price settled below $20,000 as investors digested the August jobs report.
Bitcoin's Price May Crash After Ethereum's 'Merge,' Researcher Says
Kyle McDonald told CoinDesk TV’s “First Mover" the Bitcoin network may be regulated away because of its energy consumption.
As 10,000 Long-Dormant Bitcoins Finally Trade, Observers Wonder What's Up
Blockchain data shows 10,000 BTC, worth more than $200 million, were moved in two transactions in the last week.
BlackRock to Use Kraken Subsidiary for Crypto Offering
The asset manager will use CF Benchmarks' bitcoin index.
First Mover Americas: Bitcoin Inches Up After Report Shows Slowing US Jobs Growth
The latest price moves in crypto markets in context for Sept. 2, 2022.
US Job Growth Slowed in August; Bitcoin Gains
The report is one of the last major economic data points the Federal Reserve will see before its September monetary policy meeting.
First Mover Asia: The Michael Saylor Tax Case and What It Means; Bitcoin Wrestles With $20K
The MicroStrategy executive chairman says the District of Columbia’s scrutiny of his tax residency is wrong, but the filing has deeper significance.
Bitcoin Traders’ Outlook Is So Bleak That Some Analysts See a Buying Opportunity
Several BTC metrics are hovering at historic lows and crypto traders’ sentiment is overwhelmingly bleak. Some analysts argue that it’s time to make short-term contrarian bets.
