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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 Year-End Review: Altcoins, NFTs Filled Void When Bitcoin Got Boring
In mid-2021, crypto traders turned their attention to “Ethereum killers” and ridiculous-seeming NFTs that fetched hundreds of thousands of dollars.
5 Ways Bitcoin’s Lightning Network Advanced in 2021
This past year, key developments on the Lightning protocol have been making Bitcoin a better payment system.
Bitcoin Long-Term Holders Stay Strong Despite $20K Drop From Last Month’s High
Falling prices have done little to deter holders of the world’s largest cryptocurrency.
Polkadot Leads Altcoin Losses After Bitcoin Is Rejected at $52K
Markets saw a pullback on Tuesday after a relatively flat weekend.
Crypto Futures See $300M in Losses After Spot Market Drops
Nearly 80% of long positions were liquidated over 24 hours, with $90 million in losses on bitcoin futures alone.
First Mover Asia: Bitcoin Continues Its Low-Volume Rally Before Tapering Off
The sovereign supply of bitcoin – total coins held outside of exchange reserves – hit an all-time high, blockchain data firm Glassnode reported; ether falls slightly.
Market Wrap Year-End Review: When Institutions Cashed Out of Bitcoin
One big investment firm pocketed big profits by selling bitcoin near the market top in April before the price tumbled.
SEC Rejects Kryptoin Bitcoin ETF Proposal
The U.S. Securities and Exchange Commission (SEC) has rejected investment firm Kryptoin’s proposal for a spot bitcoin exchange-traded fund (ETF). This follows the disapproval of a similar application by global investment manager VanEck. CoinDesk's Brad Keoun provides insights on what this means for Grayscale Bitcoin Trust (GBTC) and where the market is headed.
