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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
Crypto Market Crash Leads to $1B in Liquidations
Bitcoin and ether lost pivotal support levels leading to massive losses for long future traders.
Blockstream CEO Breaks Down the BIP119 Saga
Reacting to Bitcoin core developer Jeremy Rubin lobbying for a Speedy Trial of his Bitcoin Improvement Proposal (BIP) 119, Blockstream CEO Adam Back discusses what BIP119 is and why it’s so controversial. Back explains the proposal’s ability to bring smart contract capability to the Bitcoin network and risks it could introduce.
Bitcoin Recovers to $32K After Dipping Below $30K to 10-Month Low
The last time the largest cryptocurrency by market cap traded under $30,000 was in July 2021.
First Mover Asia: Did Nvidia Profit From Crypto Mining? Consider Its Manufacturing Partners’ Stocks; Cryptos Have a Rough Day
The manufacturer of graphics processing units has been reluctant to acknowledge the role its products play in crypto mining; bitcoin and ether plummet.
Coinbase, MicroStrategy Lead Crypto Stocks Lower in Market Rout
Double-digit percentage losses were the norm across the cryptocurrency sector as the Nasdaq tumbled another 4% and bitcoin plunged to just above $30,000.
El Salvador Acquires 500 Additional Bitcoin Amid Market Drop
President Nayib Bukele tweeted that his country “just bought the dip.”
Investors Flee Terra’s Anchor as UST Stablecoin Repeatedly Loses $1 Peg
Deposits on the Anchor protocol plunged below $9 billion from $14 billion since Friday after Terra’s stablecoin, UST, struggles to recover to $1. ANC, the protocol’s token, fell 35% during the day.
Market Wrap: Cryptos, Stocks Tumble Amid Extreme Bearish Sentiment
BTC dropped by as much as 11% over the past 24 hours while several altcoins underperformed.
