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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
Bitcoin Briefly Dips Below $19K; Ether Drops Sharply After US Inflation Report
The total crypto market capitalization is down nearly 2.5% in the past 24 hours.
US CPI Preview: Inflation Likely to Climb to New 40-Year High
A hotter-than-expected core CPI figure could bring renewed selling pressure to the bitcoin market.
Long-Term Bitcoin Investors Stick It Out as Speculator Selling Drives Prices Lower: Coinbase
"Holders are less likely to sell BTC during turbulent periods," the crypto exchange said.
First Mover Asia: There's No Universally Accepted Way to Value Three Arrows' NFTs
CoinDesk's Sam Reynolds examines alternate methodologies for valuing the beleaguered crypto hedge fund's NFT collection. Bitcoin slides for a straight fifth day, and doubts are forming over whether the market has hit a bottom.
Market Wrap: Bitcoin Slumps Below $20K as Long-Term Holders Face Massive Selling Pressure
Also, some analysts believe bitcoin’s recent dips show the price level is not as critical anymore.
Jobs Growth Is the Savior of Inflation-Wracked US Economy
Economists say robust employment complicates the recession outlook.
How Mt Gox's Expected Bitcoin Release Could Impact Crypto Market
Roughly $3 billion worth of bitcoin (BTC) may soon be released into the crypto market, as Mt Gox is expected to distribute funds to creditors. "The Hash" panel discusses the potential outcomes.
Bitcoin Drops Below $20K as Inflation Data Looms
Bitcoin (BTC) is dipping below the $20,000 mark as a sell-off in traditional markets saw equity indexes decline. Toroso Investments Chief Investment Officer Michael Venuto discusses his outlook on the crypto markets ahead of CPI data Wednesday and the future of crypto regulation.
How I Became a Bitcoin Developer Fresh Out of High School
Daniela Brozzoni describes her journey to the front lines of bitcoin wallet development, thanks to a grant from Spiral.
Bitcoin 'Bear Flag,' Crypto Options Market Hint at Downside Risk
The hedging behavior of bitcoin market makers could exacerbate a price drop if there's a breakdown in the bearish chart pattern.
