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
Now I Need Bitcoin: A Banking Breakdown in Mexico
Jeff Wilser discovers what it means to be unbanked and out of cash.
Canadian Miner Hut 8 Closed 2021 With 5,518 Bitcoin in Reserve
The miner plans to reach 3.35 EH/s of hashrate by the end of Q1 2022.
Chainlink Jumps While Bitcoin Stages Recovery
LINK hit resistance levels while major cryptocurrencies held support levels ahead of publication of the Fed’s minutes on Wednesday.
Bitcoin May Squeeze Higher as Retail Interest Subsides: Analysts
On-chain metrics like the “paper hands” ratio from Glassnode suggest a bottom could be nearing, one analyst said.
Bitcoin Holds Support Ahead of Fed Minutes, March Rate Hike Probability Rises
The Fed’s asset purchase program is set to end in March.
Bitcoin Can Reach $100K in ‘Hypothetical’ Store of Value Boost, Goldman Sachs Says
The firm assumes a scenario where bitcoin adoption increases as a store of value for investors versus gold.
First Mover Asia: Bitcoin Continues in Narrow Trading Range, Ether Pops Back Into the Green
Some price-chart indicators show the potential for a short-term BTC bounce if support holds.
Apple Stock Outpaces Bitcoin
A chart by Bloomberg’s Joe Weisenthal shows Apple stock outperformed bitcoin in year-over-year returns. In this Chart of the Day report, Galen Moore reflects on whether both investments rest on the strength of a single offering — bitcoin as digital gold, and its iPhone sales in the case of Apple.
Market Wrap: Bitcoin Gains May Be Limited in January, Altcoins Outperform
Bitcoin continues to trade in a tight range on relatively light volume.
