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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
Banks’ Bitcoin Holdings Should Be Capped, Basel Committee Proposes
Holdings of unbacked crypto like bitcoin and algorithmic stablecoins would be limited to 1% of a lender’s capital under the standard setter's new plans put out for consultation Thursday.
Bitcoin Drops to Nearly $19K as Fed Renews Inflation Warnings
Central bank leaders warned Wednesday that inflation is going to last longer than some estimated.
First Mover Asia: How Traders Are Shorting Tether Stablecoins; Bitcoin Falls but Holds Above $20K
Hedge funds are increasingly betting against USDT in anticipation of it losing value amid concerns about the coin’s reserve backing and systemic risks; ether drops.
Market Wrap: Bear Market Guides in Vogue as Bitcoin Drops for Fourth Straight Day
BTC was sliding toward $20,000 on Wednesday, as the Bankless newsletter offers mental health tips for surviving a crypto winter.
Bitcoin Falls to Last Week’s Support Level
Bitcoin dipped below the $20,000 mark as the S&P 500 fell more than 20% from its December 2021 peak, indicating bear markets in both crypto and traditional finance. Crypto research firm FundStrat said BTC could weaken down to test June lows below $18,000 and potentially below $13,000.
Bitcoin Hovers Around $20K Level
TheoTrade co-founder Don Kaufman shares his bitcoin price analysis, noting that despite a decline in trading volume amid the bear market, bitcoin is still holding onto the $20,000 level, saying it’s “the bright side of the bearishness.” Plus, a discussion about DeFi regulation and MicroStrategy’s recent $10 million BTC purchase.
First Mover Americas: BTC Dips; 3AC Liquidation Reportedly Ordered by BVI Court
The latest moves in crypto markets in context for June 29, 2022.
Deutsche Bank: Crypto Free Fall Could Continue Because of the System’s Complexity
As bitcoin and other cryptocurrencies are speculative, high-risk assets, they are disproportionately affected by central bank tightening, the bank said.
Bitcoin Dips Under $20K on Blunted Growth Sentiment as Spain Fuels Inflation Concerns
Traders assessed revived concerns of rampant inflation and growth for the coming months.
