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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
Major Mining Pools’ Bitcoin Hashrate Nears Recovery as Kazakhstan’s Internet Is Partially Restored
The world’s second-biggest mining country has been engulfed in civil unrest over the past week.
Bitcoin Dips Below $40K as ‘Death Cross’ Looms on Price Charts
The past record of the “Death Cross” as an indicator of deeper drawdowns is mixed.
First Mover Asia: Bitcoin, Altcoins Rebound Amid Light Trading
Bitcoin topped $42,500 on Sunday after reaching its lowest mark since late September the day before; ether reaches over $3,200.
Bitcoin Snaps 6-Day Losing Streak, Holds Above $40K
The price appears to have stabilized after a nearly weeklong downdraft that marked one of the cryptocurrency’s worst-ever starts to a year.
2021: The Year of the Alts
The market has decided that it likes bitcoin more than it did a year ago – but it really, really likes ether and its layer 1 rivals.
Bitcoin Falls Toward $40K, Racks Up Longest Losing Streak Since 2018
Cryptocurrency analysts had warned of the possibility of a steeper sell-off, and now traders are wondering when and where the market shakeout might end.
Is the Bitcoin Hashrate Becoming Vulnerable to Geopolitical Risks?
According to MiningPoolStats, hash power commanded by the largest mining pools – a reasonable proxy for overall Bitcoin hashrate – shrank by a hefty 12.7% this week. The leading cause was a political event in Kazakhstan. “All About Bitcoin” fill-in host Galen Moore explains the data in Chart of the Day.
