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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
First Mover Asia: India Continues Its Restrictive Approach to Crypto; Bitcoin, Ether Run in Place
The Indian tax authority's recent revision of what was seized in taxes and penalties from crypto exchanges reflects the government's harsh stance toward digital assets; Solana has a banner day.
Could the Axie Infinity Hack Happen on the Bitcoin Network?
Halborn Co-Founder Steven Walbroehl discusses security issues with centralized cross-chain bridges following the $625 million exploit of Axie Infinity’s Ronin network. Plus, why proof-of-work consensus mechanisms are more secure and the possibilities of a similar attack on the Bitcoin network.
Bitcoin’s Correlation to Meme Stocks Reaches Highest Level Since 2020
CoinDesk Markets Analyst Damanick Dantes discusses bitcoin’s strong correlation with meme stocks at its highest level since 2020, and what it reveals about the crypto markets. Plus, his bitcoin price outlook as the Luna Foundation Guard purchased over $270 million in BTC this week for its UST stablecoin reserves.
Bitcoin Holds Steady as Luna Foundation Guard Purchases Over $270M BTC This Week
Bitcoin’s price has stabilized as Luna Foundation Guard (LFG) resumed its BTC buying spree. This week, the nonprofit organization focused on UST acquired nearly 5,800 BTC worth over $270 million. “All About Bitcoin” host Christine Lee breaks down the Chart of the Day.
Bitcoin Flirts With 9-Day Winning Streak, Nears $48K
Bitcoin price stays flat after a few jumps in the past week.
Market Wrap: Crypto Sentiment Improves, Though Risk Remains as Russia Plays Down Peace Talks
Bitcoin's Fear & Greed Index is at its highest level since November. Altcoins outperform.
Galaxy’s Novogratz and Bakkt’s Michael Differ on Bitcoin’s Case as Digital Gold
Each spoke separately Wednesday during the Barclays Crypto and Blockchain Summit.
EU's MiCA Bill to Enter Next Phase of Negotiations on Thursday
The landmark Markets in Crypto Assets legislative framework will now be discussed between the European Parliament, Council and Commission.
Bitcoin Holding Support Above $46K; Resistance at $48K-$51K
BTC buyers could remain active over the short-term.
Crypto Markets React to $600M Axie Infinity Exploit
Charlotte Principato, Morning Consult financial services analyst, discusses the current state of the crypto markets following the $625 million exploit of Axie Infinity’s Ronin network. Plus, a conversation on the market impact of Luna Foundation Guard’s purchase of $272 million worth of bitcoin for its stablecoin reserves.
