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

First Mover Americas: BTC Drops to 2020 Levels of $25K; Tether Loses $1 Peg

The latest moves in crypto markets in context for May 12, 2022.

By Lyllah Ledesma, Sam Reynolds, Parikshit MishraMay 12, 2022

(Neleman Initiative, LLC/Getty images)

Australian Crypto ETF Listings Kick Off With Low Volumes Amid Crypto Correction

Investors opted for a cautious approach during intense volatility on the opening day of three crypto funds.

By Oliver KnightMay 12, 2022

Sydney harbor. (Dan Freeman/Unsplash)

First Mover Asia: Bitcoin at 16-Month Low as UST Collapse Shows Risks of 'Algo' Stablecoins

A number of algorithm-based stablecoins have already failed; bitcoin and other cryptos see deep red.

By Shaurya Malwa, Damanick Dantes, James RubinMay 11, 2022

Bitcoin and other major cryptos plummeted. (Shutterstock)

Terraform Labs CEO Do Kwon’s History Behind Another Failed Stablecoin

By William Foxley, Zack Seward, Jennifer SanasieMay 11, 2022

Terraform Labs CEO Do Kwon’s History Behind Another Failed Stablecoin

Market Wrap: Cryptos Extend Losses as LUNA Plunges

Bitcoin declined by as much as 6% over the past 24 hours, as LUNA dropped 96% and SOL fell 30%.

By Damanick Dantes, Krisztian SandorMay 11, 2022

A trader works on the floor of the New York Stock Exchange (Michael Nagle/Bloomberg via Getty Images)

Bitcoin Struggles Near $27K-$30K Support Zone

BTC is deeply oversold, but upside appears limited.

By Damanick DantesMay 11, 2022

Bitcoin daily chart shows support/resistance with RSI on bottom. (Damanick Dantes/CoinDesk, TradingView)

Nubank, Brazil’s Largest Digital Bank, Launches Bitcoin and Ether Trading

The trading and custody service is being provided by blockchain infrastructure company Paxos.

By Andrés EnglerMay 11, 2022

Brazilian flag (Shutterstock)

FASB to Review Accounting Rules for Digital Assets Held on Balance Sheets: Report

A clearer framework for how companies might account for crypto could pave the way greater institutional adoption.

By Stephen AlpherMay 11, 2022

Cryptio levanta fondos para construir una plataforma de contabilidad cripto. (designer491/Getty Images/iStockphoto)

Inflation Rose to 8.3% in April, With Monthly Core CPI Doubling From March

Bitcoin dropped sharply after the release.

By Helene BraunMay 11, 2022

(Sharon McCutcheon/Unsplash)

First Mover Asia: Crypto Market Decline Underlines Its Unpredictability; Bitcoin Holds at $31K

Most signs have pointed downward, but predicting price trends in the days and weeks ahead is difficult; major cryptos have a mixed day.

By Sam Reynolds, Damanick Dantes, James RubinMay 10, 2022

Crypto's still in a bear market. (Christof Koepsel/Getty Images)

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