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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
Market Wrap: Bitcoin and Stocks Stabilize Ahead of Fed Announcement
BTC was up 2% over the past 24 hours, compared with a 5% gain in ETH and a 20% rally in GRT.

Singapore Imposes Sanctions; Bitcoin Bucks Market Trend
Binance wins license in Bahrain. Singapore targets designated Russian banks amid sanctions. Bitcoin holds ground despite wider market falls over Ukraine and China concerns. Altcoins to keep a watch on. We’ll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”

EU’s ‘Bitcoin Ban’ Fell Short but Experts Still Have Ideas for Fixing Crypto’s Carbon Costs
Projects like Filecoin Green and Zero Labs see crypto’s opportunity to drive major demand for renewable energy, while using blockchain tech to measure greener grids. But will big miners bite?

Kazakhstan Crackdown Forces 106 More Illegal Crypto Mines to Close
Kazakhstan’s crackdown on illegal crypto mines has forced another 106 miners to stop operations, following investigations by the country’s financial monitoring agency. The country represents 20% of the total bitcoin mining capacity, according to CoinDesk’s Research Analyst George Kaloudis.

A Post-Dollar World? Saudi Arabia Reportedly Considers Accepting Yuan Instead of Dollar for Chinese Oil Sales
Saudi Arabia is reportedly in talks with Beijing to price some of its oil sales to China in Chinese currency yuan instead of the U.S. dollar. This could dent dollar’s dominance in the global market.

Bitcoin Approaching $40K Resistance Zone; Support at $37K
A volatile breakout or breakdown is likely this week.

Here’s Why the Crypto Market Remains Flat
Bitcoin and other major cryptocurrencies continue to flatline amid the growing Russia-Ukraine crisis and rising inflation in the U.S. Michael Safai, managing partner at quantitative trading firm Dexterity Capital, discusses his reading of the crypto markets and where we’re headed next. Plus, what to expect as investors await the Federal Reserve’s interest rate decision tomorrow.

Saudi Arabia Mulls Pricing of China Oil Sales in Yuan: Report
The move would be a challenge to the U.S. dollar, which has dominated as the medium of exchange for the oil trade for decades.

First Mover Americas: Bitcoin's Implied Volatility Ticks Higher, S&P 500 Sees Death Cross
The latest moves in crypto markets in context for March 15, 2022.

Bitcoin Worth $1.2B Leaves Coinbase in a Sign of Persistent Institutional Adoption
Coinbase outflows represent continued institutional adoption of bitcoin as a macro asset, analytics firm Glassnode said.
