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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 Ordinals Surge to 3M Inscriptions, but Most Are Just Text
Over $8 million in fees have been paid to the network by inscription creators since their inception.
First Mover Asia: Bitcoin’s Kimchi Premium Has Narrowed, but the Korean Market Is Proving Resilient
ALSO: A crypto markets analyst suggests that the U.S. central bank may not be finished with interest rate hikes, even if it raises the rate on Wednesday as expected.
Bitcoin Climbs Above $28.5K as Investors Weigh Fresh Bank Woes, Cool Jobs Data
Ether also rose. Equity markets dropped, including stocks of two regional banks.
Balaji Closes Bitcoin Bet With $1.5M in Donations, Including $500K for Bitcoin Core Development
Amid the initial bank failures in the U.S., the tech entrepreneur in mid-March had bet $1 million that bitcoin would hit $1 million within 90 days.
Bitcoin, Ether Rise Sharply Immediately Following JOLTS Jobs Data
The two largest cryptocurrencies by market capitalization reacted positively to a reduction in job openings
Bitcoin 'Flash Rally' Briefly Pushed BTC Derivatives Above $56K on Bitfinex
The spike triggered a series of liquidations on the exchange.
First Mover Americas: BRC-20 Tokens Skyrocket
The latest price moves in crypto markets in context for May 2, 2023.
Number of Stablecoins Held on Exchanges Slips to 2-Year Low
While stablecoins' exchange balance has dropped by 44% this year, bitcoin's price has rallied by 70%.
'Bitcoin Request for Comment' Tokens Surge to $137M in Market Value
The BRC-20 standard sounds like the popular ERC-20, but the two are different, with the former lacking the ability to interact with smart contracts.
Volatile Price Moves on Monday Contrast to Recent Calm Waters
Bitcoin’s price has been relatively stable over the last six weeks.
