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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
Goldman Sachs Launches First OTC Crypto Trade
Wall Street investment bank Goldman Sachs has conducted its first over-the-counter (OTC) crypto-related trade, a cash-settled bitcoin (BTC) non-deliverable option, with digital asset financial company Galaxy Digital. Watch “The Hash” group discuss the significance of this trade in the broader context of institutional crypto and Galaxy's potential as a liaison between traditional institutions and DeFi products.
Crypto Funds Suffer Second Straight Week of Outflows
Investors continue to be daunted by the uncertain market and economic environment.
Bitcoin Lower for Second Day as Price Slides Toward $40K
Crypto analysts are divided on lingering market impact of the Fed's rate hike.
SEC Delays Spot Bitcoin ETF Offerings From WisdomTree and One River
The move continues a pattern by the U.S. securities regulator to deny or not take action on all spot bitcoin ETF applications.
Bitcoin's Short-Term Resistance Discovered at $45K
Fairlead Strategies’ Katie Stockton shares a bitcoin weekly chart, suggesting that bitcoin's short-term momentum is positive and intermediate-term momentum has neutralized. Stockton points out bitcoin's resistance has been discovered near $45,000 with a minor breakout targeted around $51,000. Plus, a conversation about crypto trading volumes and ETH’s future value.
First Mover Americas: CME Futures Open Interest Hints at Bitcoin Bottom, Ether Breaks Out
The latest moves in crypto markets in context for March 21, 2022.
First Mover Asia: Singapore-Based Gaming Company Razer Struggles to Pivot; Bitcoin Declines After a Positive Week
The one-time, would-be "Apple of the Gaming World" failed in its attempt to secure a digital banking license and to reinvent itself into a lifestyle brand; bitcoin falls slightly but holds over $41,000.
Kazakhstan Mining Crackdown Affecting Bitcoin Hashrate
CoinDesk's Christie Harkin joins the “Week in Review” panel to discuss Kazakhstan’s efforts to repress illegal crypto mining operations, and how that has impacted the bitcoin hashrate. Plus, CoinDesk Market Analyst Damanick Dantes explains how the Fed interest rate hike has influenced bitcoin’s volatility.
Market Wrap: Ether Outperforms, Bitcoin Rises Above $42K
ETH was up as much as 5% over the past 24 hours, compared with a 2% rise in BTC.
