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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
Bitcoin Struggles at $27K-$30K Support Zone; Resistance at $35K
BTC's upside appears limited despite short-term support.
Crypto Funds Saw Year's Highest Inflows as Terra Crisis Crashed Markets
Some $274 million flowed into digital asset funds as investors bought the dip, amid a broad crypto-market sell-off triggered by Terra's turmoil.
Ben Bernanke Says He Doesn't See Value in Bitcoin
The former Fed chairman says the crypto is too complicated to use as money.
The $1 Trillion Crypto Crash and Cryptocurrencies’ Next Move
Bitcoin and other major cryptocurrencies crashed last week, dropping to levels not seen since 2020 and wiping out almost $1 trillion in the total crypto market cap. BTCS Inc. Chief Executive Officer Charles Allen discusses his take on what triggered the sudden drop and what investors are watching now.
First Mover Americas: May Brings Showers Not Flowers as Bitcoin Languishes in Terra Aftermath
The latest moves in crypto markets in context for May 16, 2022.
Bitcoin Sees 7 Straight Weeks of Losses for First Time
Fears of inflation and poor macroeconomic sentiment have caused bitcoin to fail as an inflation hedge in recent weeks.
LFG Reserves Dwindle to Just 313 Bitcoins From 80K After UST Crash
The announcement comes after criticism of the Luna Foundation Guard's "lack of transparency."
First Mover Asia: Singapore’s Regulators Will Be Eyeing Local Crypto Companies After Terra Collapse; Bitcoin Rebounds
Terraform Labs, the Singapore-registered company behind the Terra protocol, doesn’t have a permanent office in the city-state; most major cryptos spent Sunday in the green.
Satoshi's Mission, LUNA, UST and Where Crypto Went Wrong
In 2009, Satoshi Nakamoto encoded a mission statement for the industry in Bitcoin's first block. Essentially, crypto should first do no harm.
