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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 Faces Initial Resistance at $46K; Support at $42K
Seasonal strength could keep buyers active within the year-long price range.
Janet Yellen, Sounding More Constructive, Acknowledges Crypto's Role in Finance
The former Fed chair and current Treasury secretary had been skeptical, saying in 2018 she "was not a fan" of bitcoin.
China Stamping Out Mining; Crypto Market Makes Gains
China takes aim at corruption in underground Bitcoin mining. Russian committee proposes bitcoin payment for oil and energy exports. Crypto markets shift to upward trend after weeks of volatility. DeFi, NFT access at stake as FATF Travel Rule goes into force in South Korea. More on those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
Markets React to Terraform Labs’ Increased BTC Reserves
Darren Lim, Research Analyst at blockchain analytics platform Nansen, discusses several noticeable blockchain transactions associated with Terraform Labs' plans to increase UST's bitcoin reserve to $3 billion. Plus, insights on how a bitcoin-backed stablecoin would function and why ETH transfers to Ukraine are spiking.
BTC Tops $44K as Terra’s Luna Foundation Increases Reserves
Fernando Martínez, OSL managing director and head of Americas, explains the current uptrend in the crypto markets amid rumors of Terra’s ambitions to accumulate bitcoin as a reserve asset. Plus, a conversation about why Russian officials are considering turning to bitcoin for oil sales.
First Mover Americas: Risk Assets Resilient to Faster Fed Rate Hikes, 1994 Cycle Suggests
The latest moves in crypto markets in context for March 25, 2022.
Bitcoin Tops $44K Amid Rumors of Terra's Foundation Accumulating BTC
Terra is becoming a persistent buyer of bitcoin, one observer said.
Israel's Bank Leumi to Offer Crypto Trading
The bank is working with New York-based custody and trading platform Paxos to bring the service to customers.
First Mover Asia: Taiwan GameFi Company Gets a Boost in Its Quest to Develop a More Entertaining Game; Altcoins Stand Out
Red Door Digital will use the $5 million seed round from several high-profile venture firms to create games that are technologically superior but also entertaining; bitcoin also rose solidly.
