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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
MicroStrategy Takes $147M Impairment Charge on Bitcoin Holdings in Q4
The software firm recently told the SEC it would revise its disclosures related to adjustments for impairments on its digital assets.
Market Wrap: Cryptos Stabilize, Analysts Expect Bitcoin Short Squeeze
Buyers are starting to return on price dips as altcoins outperform.
El Salvador Using Crypto Software Firm AlphaPoint to Fix Chivo Wallet Problems
Users of the state-run bitcoin wallet have complained about duplication of identity and the disappearance of funds.
Bitcoin Rangebound Near Support; Resistance at $40K-$43K
Sideways trading between $35K-$40K could persist this week as long-term momentum fades.
Jack Dorsey Touts Bitcoin's Virtues at MicroStrategy Conference
The Block CEO and Twitter co-founder cites the crypto's transparent fees.
NYDIG Launches Service for Workers to Get Paid in Bitcoin
With its Bitcoin Savings Plan, NYDIG joins Coinbase and Strike with a service allowing employees to auto-convert some or all of their paychecks into bitcoin.
MicroStrategy Buys Additional $25M Worth of Bitcoin During Market Dip
The acquisition rate in January was markedly lower than in December.
Someone Just Moved $3.55B Worth of Bitcoin From 2016 Bitfinex Hack
Bad actors would have a tough time cashing out the stolen bitcoin as most of them are blacklisted.
Bitcoin Steady Near $38.5K as Australian Central Bank Ends Easing Program
The RBA announced an end of bond purchases, but signaled it is in no hurry to raise interest rates.
First Mover Asia: Crypto Finishes Bad Month on High Note
Prices for bitcoin, ether and most major altcoins rise after a month of steep price declines.