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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
Miami Mayor on ‘Changing the Face’ of the City With Crypto
Amid the Bitcoin 2022 conference, Miami Mayor Francis Suarez discusses his efforts to embrace crypto for the city, touching on paying employees with bitcoin and encouraging businesses to accept it for payment. Plus a conversation about MiamiCoin and if Suarez considers himself a “Bitcoin Maxi.”
OpenSea’s Solana Beta Begins; Binance Bails Out Sky Mavis
Chinese state-media opinion piece calls for tighter regulation of NFTs. Solana NFTs enter OpenSea marketplace; NFT sales down by 25%. Vietnam’s Sky Mavis raises $150 million to offset Ronin hack, Axie NFT sales surge more than 350%. Bitcoin takes a stumble following Fed minutes.
First Mover Americas: Spot ETF Speculation Grips Bitcoin Market
The latest moves in crypto markets in context for April 7, 2022.
Block's Cash App Rolls Out Service to Automate Getting Paid in Bitcoin
Users will be able to invest a percentage of their paycheck in the cryptocurrency.
Bitcoin Regains $43.5K as 'Fear' Hits Sentiment, Though Some Remain Bullish
The market’s broader recovery from January lows remains intact, one analyst said.
Commonwealth Bank's Crypto Services Face Regulatory Delays: Report
The Australian bank was testing a program that allowed customers to hold and use crypto on its app.
Blockchain-Exposed Stocks Could Show Massive Sales Growth Despite Recent Underperformance, Goldman Says
Bitcoin has become more correlated with equity index returns in recent months, the bank’s analysts said.
First Mover Asia: South Korea's 'Kimchi Premium' Evaporates; Major Cryptos Tumble on Fed Minutes, Continued Global Uncertainty
The gap between bitcoin prices on Korean crypto exchanges and global counterparts has declined from 20% to about 3% over the past year; bitcoin and ether tumbled.
What BTC's Average Historical Returns Reveals About Price Action
CoinDesk Markets Analyst Damanick Dantes discusses his bitcoin analysis and outlook, breaking down the latest data on BTC's average historical returns. Plus, the impact of the Federal Reserve's rate hike policy on the crypto markets and why bitcoin's dominance has been rising recently.