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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 Dives Under $56K as Asian Equities See Red
U.S. stocks tracked by Nasdaq 100 and S&P 500 fell as much as 3.5% lower on Tuesday to kick off a historically bearish September month.
Bitcoin Could Drop 20% After Fed Rate Cuts in Bearish Case, but Weak September Presents Buying Opportunity: Analysts
Bitfinex suggested bitcoin could fall to as low as $40,000 in a bearish scenario.
Crypto Tuesday Crumble Sends Bitcoin Below $58K, Ether to 7-Month Low
Seasonality suggests a hoped-for bounce after a rough August may not materialize.
BitGo CEO Says Wrapped Bitcoin’s Critics Aren’t Being ‘Intellectually Honest’ About Their Concerns
The loudest critics of BitGo’s deal with Justin Sun-affiliated BiT Global also want to see their ‘number go up.’
First Mover Americas: Bitcoin Gain Checked by Hints of Further BOJ Rate Rises
The latest price moves in crypto markets in context for Sept. 3, 2024.
Bank of Japan Governor Hints at More Rate Hikes; BTC Drops 0.4%
The divergent monetary policy paths of the BOJ and the Fed mean potential for yen strength and pain for risk assets, including cryptocurrencies.
Bitcoin Margin Longs on Bitfinex Defy Bearish Seasonality
The number of bullish bets raised with the help of borrowed funds has steadily increased since late August.
Metaplanet Teams Up With SBI VC Trade for Bitcoin Custody
Metaplanet said it was adopting bitcoin as a reserve asset in May and had accumulated a total of 360 BTC by mid-August.
