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



Markets

Bitcoin Market Awaits US GDP After Biggest Single-Day Gain in 6 Weeks

With the Federal Reserve ditching forward guidance, data releases on GDP and inflation could inject more volatility into markets than ever.

U.S. GDP is likely to show the economy avoided recession in the second quarter. (Simon Kadula/Unsplash)

Markets

First Mover Asia: Crypto Companies Struggle With Layoffs, but Some See Opportunity to Add Talent; BTC, ETH Soar After Fed Rate Hike

The bear market has forced multiple organizations to cut their workforces, hurting morale and weakening the companies.

Crypto companies have been cutting jobs. (Getty Images/iStockphoto)

Markets

Market Wrap: Crypto Markets Trade Higher as Fed Raises Rates by Expected Amount

Investors had already largely priced in the U.S. central bank’s 75-basis point hike.

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Videos

Arcane Research: Decline in WBTC Likely Related to Celsius Loan Payment

Glassnode data shows the number of wrapped bitcoin (WBTC) declined to around 236,000, the lowest level since bitcoin (BTC) hit all-time highs in late 2021. According to Arcane Research, the drop could be related to Celsius repaying a WBTC loan as the troubled lender filed for bankruptcy. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.

Recent Videos

Videos

Bitcoin Spikes Above $22K as Fed Raises Rates by 75 Basis Points Again

Bitcoin (BTC) climbing above $22,000 Wednesday as the U.S. Federal Reserve announced a second consecutive 75 basis-point rate hike. Marketgauge Group Managing Director Michele Schneider and Bitwise Asset Management President Teddy Fusaro join "All About Bitcoin" to discuss what the decision means for the crypto markets.

Recent Videos

Markets

Federal Reserve Hikes US Interest Rate by 0.75 Percentage Point

The latest monetary policy decision from Federal Open Market Committee brings the federal funds rate to a range of 2.25%-2.5%. Bitcoin's price was little changed after the announcement.

Federal Reserve chair Jerome Powell at a press conference on July 27th in Washington D.C. (Source: Federal Reserve)

Finance

Bitcoin Maximalist Michael Saylor Makes the Case Against Ethereum

The MicroStrategy CEO cautioned that the "protocol doesn’t look like it's going to be completed or stable for another 36 months."

MicroStrategy CEO Michael Saylor speaking remotely at the Blockchain Economy Istanbul conference (Amitoj Singh/CoinDesk)

Videos

Bitcoin Above $21K Ahead of Key Fed Decision

Arca’s Director of Research Katie Talati discusses her outlook for bitcoin (BTC) as the largest cryptocurrency by market cap climbs above $21,000. She also weighs in on institutional traders’ mixed views about Tesla selling $936 million worth of bitcoin in the second quarter.

Recent Videos

Markets

Crypto Traders Split on Upcoming Fed Rate Hike's Impact on Bitcoin

The U.S. central bank has raised rates by 150 bps since March, injecting volatility into asset markets. Some analysts expect BTC to stay resilient after Wednesday's expected hike.

Chicago Federal Reserve Bank building (Joshua Woroniecki/Unsplash)

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