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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
OKCoin and Stacks Pledge $165M to Support Bitcoin-Related Projects
Cryptocurrency exchange OKCoin has pledged $165 million for an initiative called “Bitcoin Odyssey” which will work in conjunction with the Stacks Accelerator and Stacks Foundation to promote bitcoin-adjacent projects on the Stacks network. “The Hash” discusses the significance of bringing new aspects like smart contract functionality to the bitcoin blockchain since it is the most widely used decentralized network.
Inflation Reaches 40-Year High of 7.9%, Can Bitcoin Help Consumers?
"The Hash" discusses what U.S. inflation rates at 7.9%, a level not seen in over 40 years, means for consumers in their necessary expenses and if bitcoin presents a solution to these concerns. Plus, a conversation on other assets like gold as an inflation hedge and rising oil prices following the Russia-Ukraine war.
Visions Federal Credit Union Launches Bitcoin Services Through NYDIG Partnership
Joining “First Mover” to explain their ambition to increase bitcoin accessibility for Americans is NYDIG Chief Innovation Officer Patrick Sells and Visions Federal Credit Union Chief Digital Officer Tom Novak.
Bitcoin Returns to Range Below $40K; Support at $35K-$37K
Pullbacks could stabilize into the Asia trading day.
Is Bitcoin Legal in the United States?
Bitcoin and other cryptocurrencies are regulated by an assortment of rules both at the federal and state level.
What Is Cloud Mining?
Cloud mining is a hands-off way of earning cryptocurrency by renting computing power from third-party sources.
US Inflation Rises to 7.9% in February, Fresh 4-Decade High
Bitcoin, seen by some investors as a hedge against rising prices or dollar devaluation, was little changed after the Consumer Price Index (CPI) report, which closely matched economists' expectations.
Okcoin, Stacks Launch $165M Pledge to Support Bitcoin-Related Projects
The Bitcoin Odyssey is a year-long pledge taken by VC firms to deploy money into solutions that accelerate the adoption of bitcoin.
First Mover Americas: Bitcoin Awaits Triangle Breakout, Focus on Dollar
The latest moves in crypto markets in context for March 10, 2022.
Bitcoin Reverses Wednesday's Gain Ahead of ECB Rate Decision, US Inflation
Markets have scaled back bets of ECB tightening in the wake of the Russia-Ukraine war.
