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



Videos

Bitcoin’s Role in a Recession; Virtual NFT Vacations

South Korea’s KakaoBank considers crypto exchange partnerships. What is Bitcoin’s relevance as a safe haven as the threat of recession looms? India’s MakeMyTrip launches NFT collection of top travel spots. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”

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Finance

First Mover Americas: Hawkish Fed Trade May Not Be Over Yet

The latest moves in crypto markets in context for May 4, 2022.

(Andrew Harrer/Bloomberg via Getty Images)

Finance

Marathon Digital ‘Cautiously Optimistic’ About Meeting Early-2023 Hashrate Guidance as Delays Continue

The firm mined 299 bitcoins in April, a near 31% dip from the previous month, citing weather and maintenance issues.

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Markets

Bitcoin's 'Mayer Multiple' Nears Point of Undervaluation Ahead of Fed

Expectations of a hawkish Fed cloud the prospects of a bullish reversal.

El Múltiplo de Mayer se acerca a la infravaloración. (Source: Pixabay, PhotoMosh)

Finance

LGT, World’s Largest Family-Owned Private Bank, to Offer Crypto

LGT Bank, the financial institution owned by the princely House of Liechtenstein, is working with Switzerland’s SEBA Bank on the service.

Vaduz Castle, home of the prince of  Liechtenstein (Leonhard Niederwimmer/Pixabay)

Markets

First Mover Asia: Bitcoin Minnows Are Resilient as Long-Term Whales Capitulate to Pressure

How long these smaller-scale investors remain committed to their crypto assets will be an interesting trend to observe; bitcoin and ether drop.

Silver Freshwater Minnows (*adrisbow* (Adriana Lopetrone)/Getty Images)

Markets

Market Wrap: Bitcoin Traders Take Some Profits Ahead of Fed Meeting, Expect Higher Volatility

BTC is roughly flat over the past week, although some option traders have hedged against further price declines.

(Jacob Townsend/Unsplash)

Finance

MicroStrategy Reports $170M Impairment Charge on Bitcoin Holdings in Q1

The software firm owns 129,218 bitcoins valued at just under $5 billion.

MicroStrategy CEO Michael Saylor (MicroStrategy via Flickr)

Videos

BTC Could Drop to $33K, Investors Looking at ETH

MarketGauge Group Managing Director Michele Schneider shares her bitcoin price outlook, suggesting that in the short term the “digital gold” could go as low as $33,000. Plus, why ETH could outperform BTC, expected announcements from the Federal Reserve and activity in the commodities markets.

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