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

Market Wrap: Cryptos and Stocks Fall, Luna Foundation Guard Accumulates Bitcoin

BTC declined by as much as 10% on Thursday, its largest price drop in two months.

A trader works on the floor of the New York Stock Exchange (Michael Nagle/Bloomberg via Getty Images)

Videos

BTC Plunges Over 10%, S&P 500 Sinks Amid Fed's Interest Rate Hike

After a short-lived spike in response to the Federal Reserve’s 50 basis-point interest rate hike, bitcoin dropped over 10% to its biggest one-day decline in two months. Plus, a look into the reaction of traditional assets, including the S&P 500 and the Nasdaq Composite Index, as “All About Bitcoin” host Christine Lee presents the “Chart of the Day.” 

Recent Videos

Videos

Developer Jeremy Rubin on BIP119 Controversy

Judica Founder and BIP119 Proponent Jeremy Rubin discusses the details of his Bitcoin Improvement Proposal (BIP), addressing the controversy it has stirred among the developer community. Rubin explains the ability of BIP119 to add smart contract capabilities to Bitcoin, his longtime involvement in the BTC community and more.

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Markets

Bitcoin Dips Below $38K, Support at $30K-$32K

BTC is in danger of breaking below a short-term uptrend.

El gráfico de bitcoin muestra el soporte/resistencia de los últimos 20 días. (Damanick Dantes/CoinDesk, TradingView)

Finance

Luna Foundation Guard Acquires $1.5B in Bitcoin to Reinforce Stablecoin Reserves

The purchase brings LFG's holdings to more than 80,000 bitcoins, or nearly $3 billion.

(Javardh/Unsplash)

Markets

Bitcoin Plunges Most in 2 Months Amid Stock Market Sell-off

Bitcoin dropped more than 7% on Thursday. The decline was in line with a broad fall in the prices of stocks and bonds.

The price of bitcoin (BTC) dropped 7% on Thursday to a two-month low. (Source: TradingView/CoinDesk)

Finance

Valkyrie’s Bitcoin Futures ETF Gets SEC Approval, Following Teucrium Nod

The approval came as the firm used a different exchange act application, which also helped Teucrium get the green light for a similar product.

Valkyrie has filed for a bitcoin futures ETF.

Videos

Crypto Markets and Altcoins up Following Fed Rate Decision

Medley Global Advisors Managing Director for Global Macro Strategy Ben Emons discusses the crypto market reaction to the Federal Reserve’s recent 50 basis-point interest rate hike and the use of quantitative tightening to combat inflation. Plus, a conversation about bitcoin’s relationships with interest rates, equity markets and the NASDAQ.

Recent Videos

Videos

Pakistan Mulls Crypto Future; Bitcoin’s Fed Boost

Pakistan to take a fresh look at cryptocurrency. Kazakhstan orders bitcoin miners to file regular status reports. Biggest Fed hike in 22 years sees Bitcoin close to $40,000 mark. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”

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