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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 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.
Bitcoin Struggles Below $50K After Crypto CEOs Take Center Stage
Bitcoin’s price popped briefly above $50,000 after Wednesday’s congressional hearing in Washington, but the momentum has faded.
Addressing Clients’ Fear, Uncertainty and Doubt (FUD) About Bitcoin
Why three popular investor fears about bitcoin are overblown.
Bitcoin Hashrate Approaches Full Recovery From China Crackdown
Miners set up their operations elsewhere.
