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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 Posts Biggest Weekly Loss in 5 Months as Dollar Liquidity Declines, Debt Ceiling Fears Return
The cost of insuring against a potential U.S. government default in the next 12 months soared to record highs last week.
Declining Bitcoin-Ether Correlation Could Affect Crypto Investors’ Hedging Strategies: Coinbase
From a fundamental perspective, the weaker correlation supports diversification arguments in favor of holding both BTC and ETH, the exchange said.
First Mover Asia: What's Next After Bitcoin's Retreat
ALSO: CoinDesk columnist David Morris writes that Taylor Swift's avoided the embarrassment of striking a business deal with embattled crypto exchange FTX by reportedly asking the type of common-sense questions that should be part of any business negotiation.
Gemini to Open a Crypto Derivatives Platform Outside the U.S.
Gemini Foundation's first product will be a perpetual bitcoin (BTC) contract, the company said late Friday.
Ether Erases All Gains From Shanghai Rally as Bitcoin, Other Crypto Prices Also Fall
The second-largest cryptocurrency by market capitalization has dropped to its lowest point since April 9, CoinDesk data shows.
Solana’s Annual Carbon Footprint Equals 18062 Flights From London to New York
A new, real-time dashboard set up by the Solana Foundation purporting to show how relatively little carbon the smart contracts platform is emitting – at a time when the energy usage of Bitcoin and other blockchains is under scrutiny.
First Mover Americas: Bitcoin Falls to $28K
The latest price moves in crypto markets in context for April 21, 2023.
Bitcoin's Dominance Rate Runs Into Familiar Resistance, Hints at 'Altcoin Season' Ahead
Bitcoin’s dominance may have peaked, one observer said.
First Mover Asia: Bitcoin Struggles as U.S. Regulators Fumble: Analyst
ALSO: CoinDesk columnist Daniel Kuhn considers the European Parliament's passage of crypto rules, which come as U.S. regulatory agencies seem to be backtracking in their efforts to find an effective regulatory approach.
Bitcoin Tumbles Below $28K on Coinbase
BTC’s price dipped to its lowest level since April 9. Ether also declined, albeit less severely.