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
Amazon Marketplace Owners Can Now Be Bought Out in Crypto
Amazon Marketplace owners who sell their business to Elevate Brands will now have the option of being paid in crypto in partnership with Coinbase Prime. “The Hash” team discusses what this means for Amazon following the industry’s first institutional mergers and acquisitions (M&A) rollup offering bitcoin as a payout option.
Bitcoin Stuck Below $40K Resistance; Support at $33K
Upside remains limited given the intermediate-term downtrend.
Solana, Avalanche Post Biggest Declines After Hawkish Fed Outlook
Major cryptocurrencies gave back this week’s gains as global markets reacted to confirmation of upcoming rates hikes.
First Mover Asia: Interest Rate Hikes in the Future? Crypto Rally Shorts Out
Bitcoin drops below $37,000 after soaring to nearly $39,000 following remarks by Federal Reserve Chairman Jerome Powell.
Tesla Reports Bitcoin Holdings Unchanged in Q4
The electric car maker did not buy or sell any of the bitcoin held on its balance sheet, nor did it record any impairments.
Market Wrap: Bitcoin Rally Fades After Fed Signals Upcoming Rate Hike
Bitcoin was roughly flat over the past 24 hours amid choppy trading conditions.
Bitcoin Oversold Bounce Faces Resistance at $40K-$43K
Long-term momentum remains very weak and BTC is at a critical point.
Vladimir Putin Offers Hope for Crypto in Face of Central Bank Call for Ban
Crypto's risk must be offset against the country's "competitive advantages" when it comes to mining, Russia's leader said.
