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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
First Mover Asia: Bitcoin Nears $37K Amid Lighter Trading
Ether was roughly flat, while other major altcoins were mixed.
Cathie Wood’s Ark Invest Predicts Bitcoin Could Exceed $1M by 2030
The noted investor previously said the cryptocurrency would reach $500,000 by 2026.
Market Wrap: Bitcoin Little Changed as Analysts Remain Skeptical
Trading volume is increasing ahead of Wednesday's Federal Reserve press conference.
IMF Urges El Salvador to Discontinue Bitcoin’s Legal Tender Status
The global financial institution said BTC's use as legal tender poses risks to the country's financial stability, integrity and consumer protection.
Bitcoin Rises Above $37K; Resistance at $40K-$43K
A decisive break above $40K is needed to pause the downtrend from November.
Bitcoin's Correction Continues for Now, but Eventually It Could Go 'Parabolic,' Says Peter Brandt
Selling pressure is not over yet, although a confirmed shakeout could give way to new highs, according to the chartist.
Bitcoin Sell-Off Defers $100K Price Dreams
At the current price, BTC would have to nearly triple to hit $100,000.
How Popular Are Crypto Mixers? Here’s What the Data Tells Us
Volume data suggests crypto coin mixing is not as prevalent as one might think. This article is part of CoinDesk's Privacy Week.
Bitcoin-Ether Ratio Hits 3-Month High; Friday's Close Pivotal
The ratio crossed above the 200-day average, signaling continued bitcoin outperformance in the near term.
