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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
Analysts Divided on Prospects of Sell-the-Fact Move as Bitcoin ETF Listing Nears
Bitcoin peaked after Coinbase’s debut on Nasdaq on April 14
Australia Has Third-Highest Rate of Crypto Adoption in the World: Finder Survey
Almost 18% of the country’s population owns crypto.
Bitcoin Nears All-Time High; HK Exhibition Showcases NFTs for Good
Bitcoin futures ETF filing prompts bitcoin's price to approach an all-time high. Hong Kong exhibition showcases NFTs for good causes. We’ll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
Bitcoin Faces Resistance Above $62K
As bitcoin faces resistance at the $62,000 level after a record weekly close, Pete Flint, Trulia co-founder and general partner at VC fund NFX, discusses his crypto markets analysis and outlook. He says although he sees volatility in the short-term, he remains "extremely bullish on the sector" in the long term. Plus, his investment philosophy as NFX going deeper into crypto with a $450 million seed fund.
Market Wrap: Bitcoin Holds Above $60K as Crypto Market Cap Reaches New High
Meanwhile, some analysts are warning about overheating in the futures market given the recent rise in leveraged positions
Guggenheim’s Minerd Predicted Bitcoin at $15K and $400K, Now He’s Out Entirely
Guggenheim’s CIO said he’s out of bitcoin as he can’t understand what’s happening with the cryptocurrency markets.
ProShares Bitcoin Futures ETF to Start NYSE Trading on Tuesday
The SEC has given the go-ahead for bitcoin futures ETFs.
Bitcoin Faces Resistance Above $62K After Record Weekly Close
Bitcoin has gained more than 40% this month on speculation the SEC will approve an exchange-traded fund.
