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



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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Videos

Warren Buffett’s Granddaughter on NFTs, His Crypto Comments

“Spirit Coin” NFT artist Nicole Buffett discusses her experience in Web 3 and how she would explain the value proposition of blockchain technology to her grandfather Warren Buffett following his recent dismissal of bitcoin.

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Markets

First Mover Asia: Events in China, India Have Also Weighed on Crypto Prices

Investors may have been focusing on U.S. interest rate hikes and the economic fallout of Russia’s Ukraine invasion, but bitcoin has been subject to other headwinds; cryptos soar post-rate hike.

India Parliament building (Unsplash)

Videos

Why Bitcoin’s Bear Market Might Be Coming to a Close

Bitcoin’s “Mayer Multiple,” the ratio of BTC's price to the 200-day simple moving average (SMA), is just shy of 0.80, indicating that the “digital gold” is at a point of undervaluation and trading at a nearly 20% discount. Plus, a discussion on the impact of hawkish Federal Reserve policy on BTC price as “All About Bitcoin” host Christine Lee presents the “Chart of the Day.”

Recent Videos

Videos

Panamanian Congressman Gabriel Silva on Country’s New Pro-Crypto Law

Panamanian Congressman Gabriel Silva discusses a recent law passed in the country exempting cryptocurrency transactions from capital gains taxes. Silva explains the unique framework of Panama’s constitution that prevents the country from adopting bitcoin as legal tender and how crypto can provide financial access to the country’s unbanked population.

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