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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
RFK Jr. Reportedly Dropping Out of Presidential Race, Mulling Trump Endorsement; Bitcoin Jumps Past $61K
The independent candidate has scheduled a national address for Friday.
Bitcoin Gets Brief Boost After U.S. Employment Growth Revised Lower
Job growth for the 12-months ending in March 2024 was 818,000 lower than previously reported, according to a government report.
First Mover Americas: Bitcoin Holds Below $60K Before U.S. Jobs Data Revision
The latest price moves in crypto markets in context for Aug. 21, 2024.
Bitcoin Metrics Signal Weak Demand as BTC ETF Hype Slows: CryptoQuant
Apparent demand has slowed considerably since early April and even dipped into negative territory this month, the firm noted.
Institutions Are Still Buying Bitcoin ETFs, Bitwise Says
The number of institutional investors holding bitcoin ETFs rose 14% in the second quarter of the year to 1,100, the report said.
Bitcoin Bear Trap? Goldman Says Wednesday's U.S. Jobs Report Is Likely to Overstate Weakness
On Wednesday, the Bureau of Labor statistics will publish a preliminary estimate of the benchmark revision to the level of monthly nonfarm payrolls from April 2023 to March 2024.
Mt. Gox Moves $700M in Bitcoin, BTC Unmoved at $59K
According to Galaxy's Alex Thorn expects only 1,265 BTC, woth over $70 million, may be offloaded in the market.
First Mover Americas: Bitcoin Returns to $61K, Outperforms Broader Crypto Market
The latest price moves in crypto markets in context for Aug. 20, 2024.
