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

Jobs Growth Is the Savior of Inflation-Wracked US Economy

Economists say robust employment complicates the recession outlook.

By Helene BraunJul 12, 2022

Despite the GDP declines, the labor market is booming. (Bettmann Archive/Getty Images)

Videos

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.

Jul 12, 2022

Videos

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.

Jul 12, 2022

Tech

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.

By Frederick MunawaJul 12, 2022

Bitcoin developer and Spiral grant recipient, Daniela Brozzoni (Daniela Brozzoni)

Markets

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.

By Omkar GodboleJul 12, 2022

Emergence of a bear flag on bitcoin's daily chart suggests downside risk. (TradingView)

Markets

First Mover Americas: Bitcoin Below $20K and BTC's Inverse Correlation With Inflation-Adjusted Bond Yield Hits Record High

The latest price moves in crypto markets in context for July 12, 2022.

By Lyllah LedesmaJul 12, 2022

Bitcoin and the U.S. real bond yield are increasingly moving in opposite directions. (Alice Yamamura/Unsplash)

Markets

Bitcoin cae a $19.7K mientras crecen preocupaciones de recesión y el euro alcanza paridad con el dólar

El fondo de inversión estatal de Singapur Temasek dijo que ve más caídas en los mercados generales para los próximos meses.

By Shaurya MalwaJul 12, 2022

Los precios de bitcoin cayeron a $19.700 esta mañana. (Adam Smigielski/E+/Getty Images)

Markets

Bitcoin's Inverse Correlation With Inflation-Adjusted Bond Yield Hits Record High

The real yield has surged by over 170 basis points this year, putting pressure on risk assets, including bitcoin.

By Omkar GodboleJul 12, 2022

Bitcoin is increasingly moving in the opposite direction to the inflation-adjusted bond yield. (Pixabay)

Markets

First Mover Asia: Does Anyone Care Anymore if Bitcoin Dips Below $20K?

The more blasé crypto analysts become about a bitcoin price in the $10,000s, the more it seems like the bottom is in. Plus: The euro on Monday approached parity with the U.S. dollar.

By Bradley Keoun, Shaurya Malwa, Sam ReynoldsJul 12, 2022

Bitcoin's price action over the past 24 hours. (CoinDesk)

Markets

Market Wrap: Bitcoin Retraces Gains as Investors Await Inflation Announcement

BTC declined for the fourth consecutive day, erasing Friday’s push above $22,000.

By Jimmy HeJul 11, 2022

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