- Back to menuPrices
- Back to menuResearch
- Back to menu
- Back to menu
- Back to menu
- Back to menuResearch
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
What’s Driving Bitcoin Lower?
Bitcoin buying activity remains weak despite several oversold signals on the charts. Prime Trust Chief Financial Officer Rodrigo Vicuna discusses his take on the potential catalyst behind BTC’s short-term downtrend and the possible impact of mining on price movements. Is a “Santa Rally” still possible?
Crypto’s Carbon Footprint Could Hinder Adoption: Deutsche Bank
“Mining just one bitcoin consumes a larger carbon footprint than nearly 2 billion Visa transactions,” the bank said.
Chainalysis Blockchain Data Platform to Integrate Lightning Network
Chainalysis clients will be able to allow BTC deposits and withdrawals on the Lightning Network while complying with regulations.
Tether, SHIB Compete With Bitcoin in Inflation-Ridden Turkey as Lira Tumbles
Bitcoin’s perceived role as an inflation hedge is competing with altcoin speculation and U.S. dollar exposure through tether.
First Mover Asia: Bitcoin Falls Below $49K as Trading Volume Weakens, Altcoins See Red
Bitcoin’s drop-off coincides with a strengthening U.S. dollar; ether declines.
Most Influential 2021: Michael Saylor
The MicroStrategy CEO will buy the dip and the top. He’s in the market for bitcoin.
Market Wrap: Bitcoin Dips as China’s Evergrande Defaults, Altcoin Outperformance Could Fade
Investors could start to rotate into bitcoin, indicating lower appetite for risk.
Strike Launches Dollar-Cost Averaging Product in US
The payment app’s users can purchase bitcoin hourly or monthly for as little as 50 cents.
Bitcoin Drops Below $50K, Support Between $43K-$45K
Buying activity remains weak, which reduces the chance of a significant price increase into January.
Most Influential 2021: Cynthia Lummis
The Wyoming Senator holds plenty of BTC and may be the crypto industry’s most prominent advocate in Congress. Here’s what she’s thinking for 2022.
