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

Bitcoin Records Eighth Week of Losses, but Sentiment Indicator Suggests Upside

Sentiment indicators reached “rock bottom” on Monday amid a prominent fund manager calling for a retest of 2019’s price levels.

Oso contra toro. (Getty)

Markets

First Mover Asia: Funds Lost Billions in the Terra Collapse. Here are the Ongoing Effects; Bitcoin Sees Red

When a fund suffers a major dent to its token, the impact reverberates widely throughout the venture funding eco-system; most major cryptos fell despite gains in U.S. equity markets.

Dominos showing risk. (Getty)

Markets

Market Wrap: Bitcoin Unable to Hold $30K, Altcoins Mixed

BTC declined by 2% over the past 24 hours, while Fantom's FTM token rallied by as much as 16%.

Bitcoin 24-hour chart (CoinDesk)

Markets

Bitcoin Holds Support at $27K-30K; Resistance at $35K

A brief relief bounce is likely, similar to what occurred in late February and late March.

Gráfico diario de bitcoin con soporte/resistencia. (Damanick Dantes/CoinDesk, TradingView)

Markets

Crypto Funds Shrink to Lowest Since 2021 Summer Bear Market

Investors pulled out some $143 million from digital asset funds as confidence in crypto is flailing.

Investors pulled out $143 million from crypto funds in the week through May 20. (CoinShares)

Videos

When Will Bitcoin Break Out?

Bitcoin (BTC) continues to trade around $30,000 and is roughly flat over the past week. Dexterity Capital Head of Business Arpan Gautam discusses his crypto markets outlook and why we may see more sideways movement in BTC. Plus, insights into market participants and investing strategies.

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Layer 2

Deplatformed by PayPal, Antiwar Journalists Speak Out

“If they can do this to us, they can do it to you,” says a writer whose outlet has challenged the neat narratives around Russia’s invasion of Ukraine.

Consortium News Editor-in-Chief Joe Lauria, whose site was blocked by PayPal without explanation. (Elvert Barnes/Wikimedia Commons)

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