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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
Bitcoin Looks Bullish as Miner Sales Hit Three-Year Low
Bitcoin has rallied 30% in two weeks, according to CoinDesk data. This comes as on-chain flows tracked by analysts at cryptocurrency exchange Bitfinex show the amount of bitcoin transferred from miner addresses to wallets owned by exchanges has declined to multi-year lows. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
El volumen semanal de trading de las opciones de bitcoin alcanza su valor máximo desde la caída de FTX
El aumento en el volumen de las opciones de bitcoin está principalmente impulsado por una mayor demanda de opciones de compra o apuestas alcistas.
Bitcoin Sees 30% Rally in Last 2 Weeks
Bitcoin (BTC) is holding steady near $23,000 for another day, while ether (ETH) remains above $1,600. Matt Weller, Global Head of Research at Forex.com, discusses his outlook for the largest cryptocurrency by market capitalization.
Brazil and Argentina to Discuss Possible Common Currency, Coinbase CEO Suggests Move to Bitcoin
As officials from Brazil and Argentina are considering the development of a potential common currency, Coinbase CEO Brian Armstrong suggested on Twitter, "if they would consider moving to Bitcoin," adding that would "probably be the right long term bet." "The Hash" hosts discuss the potential currency plan and the prospects of integrating crypto.
Craig Wright’s Blacklist Resembles Bitcoin ‘Kill Switch’ Satoshi Never Followed Through On
Bitcoiners are cringing at the fact that users of the rival Bitcoin SV (BSV) blockchain can now freeze and confiscate other users’ coins, thanks to the Australian computer scientist Craig Wright’s “blacklist manager” – a software tool for recovering lost or stolen coins. But did Satoshi Nakamoto, inventor of Bitcoin, suggest a similar “kill switch” feature 13 years ago? CoinDesk Bitcoin Protocol Reporter Frederick Munawa explains.
A Bullish Case for Bitcoin
Bitwise analysts see bitcoin starting a three-year bull run this year, based on past cycles when the price of the cryptocurrency has risen in advance of a bitcoin “halving,” which is when the reward for mining a block of bitcoin is cut in half. The next halving is expected to occur early in 2024.
Latest Sign of Strengthening Momentum in Bitcoin
Bitcoin's 14-day relative strength index (RSI) recently rose past 80 to its highest since 2019 after bitcoin (BTC) touched a two-month high, according to data from Trading View. This comes as Arcane Research considers this a "proper signal of strengthening momentum in BTC since the bull market of 2021." "All About Bitcoin" host Lawrence Lewitinn breaks down "The Chart of The Day."
