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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 Asia: Binance Deserves Some Criticisms, but It’s Not a ‘Ponzi Scheme’; Bitcoin Tumbles
Binance CEO Changpeng Zhao has a reasonable point in his lawsuit claiming defamation from a translated Chinese language article title; ether falls.
Market Wrap: Bitcoin Declines Further as Momentum Wanes
BTC is approaching support at about $20.5K; the options market implies concerns of additional price declines.
Coinbase's 20% Decline Leads Crypto Names Lower Following Report of SEC Probe
Bitcoin is lower by 3% on Tuesday, with ether and Solana's SOL down by about 7%.
Bitcoin Below $21K Ahead of Big Tech Earnings and FOMC Meeting
Bitcoin and other major cryptos are trending lower Wednesday with investors eyeing the Federal Reserve’s expected 75-basis-point interest rate hike and the release of quarterly earnings reports from Apple and other tech giants. XBTO Group Head of Trading Paul Eisma discusses his crypto markets analysis and outlook.
First Mover Americas: BTC to $15K? As Rally Stalls, Some Traders Fear Another Leg Down
The latest price moves in crypto markets in context for July 26, 2022.
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.
