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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 Plunges 9%, Sank Below $25K on Binance as August Turns Very Ugly
A boring August has turned into a bloodbath. Two-thirds of leveraged funds' positions are short, one observer said, noting the bearish bias of sophisticated traders.
Bitcoin Slips to $29K, but Fundstrat's Tom Lee Sees $150K on ETF Approval
Altcoins are leading declines, with majors like DOGE, SOL and MATIC shedding 6-7% in the past 24 hours.
Bitcoin Vapid, Gold Weakens as Russian Ruble and Argentinian Peso Crash
The latest crash in ruble and peso represents reveal cracks in the global market, per one observer. Still, perceived safe havens like bitcoin and gold remain under pressure.
Altcoin Plunge Leads Crypto Lower; Bitcoin Slips 0.7% to $29,150
Traditional markets fell sharply as well, with the major U.S. stock indexes shedding more than 1% on Tuesday.
The Secular Investment Case for Bitcoin and Crypto Adoption Remains Intact: Coinbase
The combined effect of expansionary fiscal and monetary policies should support bitcoin long term as a hedge against fiat debasement and profligate spending, the report said.
Disappearance of $900K Puts Focus on Vintage Bitcoin Project Libbitcoin
The issue, dubbed “Milk Sad,” was discovered in late July by information security firm Distrust.
First Mover Asia: Bitcoin Steady Below $30K as SBF Goes Back to Jail
PLUS: The tragicomedy of Sam Bankman-Fried continued on Friday with the revocation of his bail. Even before the decision, CoinDesk columnist David Morris explained why the outcome was predictable.
