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

Finance

Tesla May Take $460M Impairment Charge on Its Bitcoin Holdings for Q2, Analyst Says

The cryptocurrency's price fell significantly during the quarter.

By Nelson WangJul 20, 2022

Tesla CEO Elon Musk (Hannibal Hanschke-Pool/Getty Images)

Videos

Bitcoin’s Real Role Examined; 3AC’s Complex Ties Revealed

Report says Bitcoin users in emerging markets looking beyond investment. U.S. Senator Cynthia Lummis says vote on crypto bill unlikely this year. Sam Bankman-Fried says “moderately bad” deals okay during bailouts. Court documents show strong ties between 3AC and TPS Capital. Dubai scorches crypto winter with plans to support 40,000 metaverse jobs.

Jul 20, 2022

Markets

DOGE y BTC lideran la recuperación cripto pero analistas advierten sobre presión de venta

A pesar de las ganancias de los últimos días, algunos advirtieron que invertir en criptomonedas sigue siendo un "negocio arriesgado".

By Shaurya MalwaJul 20, 2022

Bitcoin superó máximos de un mes, pero analistas advierten sobre la volatilidad. (Spencer Platt/Getty Images)

Markets

First Mover Americas: Bitcoin Nears $24K as Zipmex Suspends Withdrawals

The latest price moves in crypto markets in context for July 20, 2022.

By Bradley Keoun, Shaurya Malwa, Sage D. YoungJul 20, 2022

BTC is approaching $24,000, and yet the crypto industry continues to suffer as the exchange Zipmex suspended withdrawals (Gerd Altmann/Pixabay)

Markets

Dogecoin, Bitcoin Lead Recovery Among Majors, But Some Analysts Warn of Selling Pressure

Despite the gains over the past few days, one analyst warned that investing in cryptocurrencies remains a “risky business.”

By Shaurya MalwaJul 20, 2022

Markets

First Mover Asia: Dissecting Three Arrows Capital's Fall; Ethereum Merge Spurs Continued Market Gains

Thanks to the transparency of court documents, the public knows how much the beleaguered crypto hedge fund owes different creditors; ether has risen about 50% over the past week.

By Sam Reynolds, James RubinJul 19, 2022