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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
SEC’s Gensler Reiterates Bitcoin Alone Is a Commodity. Is He Right?
The government's stamp of approval seems to separate BTC from "crypto," but decentralization is a path.
First Mover Americas: Crypto Winter Brings More Layoffs as BofA Sees Deep Freeze Avoided
The latest moves in crypto markets in context for June 28, 2022.
First Mover Asia: Chip Maker Nvidia Isn’t an Ether Proxy, Bitcoin Holds Near $21K
Crypto mining aided Nvidia's bottom line, but it hasn't been a major cause of the stock's steep decline. Ether falls but hovers at around $1,200.
Market Wrap: Recession Fears Halt Crypto Bounce
Analysts see few positive signs to sustain a crypto rally.
Skybridge Capital Exec on Spot Bitcoin ETF Filing, Bitcoin Outlook
Anthony Scaramucci’s Skybridge Capital is reportedly filing for a spot bitcoin ETF with the SEC after being rejected earlier this year. This comes as Grayscale awaits an SEC decision on converting its GBTC to an ETF. SkyBridge Capital Partner John Darsie shares his insights and his crypto markets outlook.
Few Signs of Upward Momentum as Bitcoin Holds $20K
Analysts say wider economic improvements are needed for sustained growth.
First Mover Americas: Bitcoin Holds $21K as BTC Outflows Hit Record High
The latest moves in crypto markets in context for June 27, 2022.
First Mover Asia: Bitcoin Holds Above $21K in Weekend Trading, Solana Web3 Phone Faces Long Odds
Ether stays over $1,200; prior blockchain phones have failed because the market has realized their functionalities are already available on apps that can be loaded on any phone.
Opaque Platforms and Intertwined Protocols Pose Big Risk to Crypto
Second article in a series about risks we’re thinking about during these crypto down days.
