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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: Bitcoin Rises Despite Russia's Proposed Crypto Ban
Traders appeared unfazed by Russia's proposal as bitcoin rose 3% over the past 24 hours.
Bitcoin Returns Above $43K; Resistance Near $45K-$48K
Oversold conditions are attracting short-term buyers.
The 3 Reasons Behind Bitcoin-Holder El Salvador's Deteriorating Creditworthiness
President Bukele's bitcoin policy and hawkish Fed expectations are clouding the credit outlook.
First Mover Asia: Bitcoin Slides Under $42K; Altcoins Fall
Analysts are noting the correlation between sagging tech stocks and crypto.
Market Wrap: Bitcoin Stabilizes; Analysts See Relative Value in Altcoins
Bitcoin was roughly flat over the past 24 hours while trading activity in alternative coins increased.
Bitcoin Holding Support Above $40K; Faces Resistance at $43K-$45K
Buyers could remain active into the Asia trading day as momentum improves.
Grayscale Bitcoin Trust Discount Hits Record at 26.5%
Analysts don't expect a spot bitcoin ETF conversion anytime soon, and in the meantime, investors in the GBTC fund are getting charged fees.
Crypto Miner Mawson Sees Hashrate Topping 1 EH/s by Month's End
The Australian miner is producing about 5.8 bitcoins per day.
What is Bitcoin’s Lightning Network?
In 2016, developers Thaddeus Dryja and Joseph Poon proposed a protocol called “the lightning network” that would enable faster and cheaper transactions while not having to change the block size.
