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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 Americas: Bitcoin Slips Below $30K as Inflation Hits New Four-Decade High
The latest moves in crypto markets in context for June 10, 2022.
Inflation Unexpectedly Reaccelerated to 8.6% in May, Hitting a Fresh 4-Decade High
Bitcoin dipped about $500 on the news, trading around the $29,500 level in the minutes following the CPI report.
Bitcoin Sees Weakness Ahead of CPI Report; Cardano, Solana Lead Fall in Major Cryptos
Crypto market capitalization fell 2.3% in the past 24 hours as bitcoin rose and then lost a pivotal support level at $30,000.
First Mover Asia: Ethereum’s Ropsten ‘Merge’ Prompts Mixed Analyst Sentiment; Bitcoin Is Flat
Some observers question whether Ethereum can stay relevant after switching from a proof-of-work model, but others are upbeat about the shift to a proof-of-stake design; cryptos have a mixed day.
Model Signals Bitcoin Could Surpass $100K in Next Few Years: Analyst
Fidelity Investments Global Macro Director Jurrien Timmer discusses how global macro factors are impacting bitcoin and why he believes it is still going through price discovery and adoption.
Market Wrap: Cryptos Rise With Altcoins in the Lead
BTC was roughly flat over the past 24 hours, compared with a 10% rise in HNT and LINK.
Bitcoin Defends $30K as ECB Preps First Rate Hike in More Than a Decade
Genesis Global Trading Head of Derivatives Trading Joshua Lim and BlockFi SVP and Global Head of Institutional Distribution David Olsson discuss their outlook on crypto as bitcoin hovers around $30,000.
Jay-Z, Jack Dorsey Unveil ‘Bitcoin Academy’ for Brooklyn Public Housing Residents
The two entrepreneurs are teaming up to offer Bitcoin-focused financial literacy courses beginning this summer for children, teens and adult residents of the Marcy Houses.
