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



Markets

Crypto Markets Analysis: Strong Economic Data Is Bad News for Bitcoin Bulls

As U.S. initial jobless claims come in lower than expected and 3Q GDP gets revised higher, bitcoin traders might not want to fight the Fed.

(Getty Images)

Policy

Craig Wright Signals He's Given Up Convincing Courts He Invented Bitcoin

On Wednesday, the infamous Australian computer scientist tweeted, “I have been too angry for too long, as I cared for external validation. That ends.”

Craig Wright at CoinGeek Conference New York (Eugene Gologursky/Getty Images for CoinGeek)

Markets

Guggenheim's Scott Minerd, Fickle Bitcoin Forecaster, Dies After Heart Attack

Among Wall Street financiers, Minerd was known for his extreme predictions of the largest cryptocurrency's price, often with mixed success.

Scott Minerd in 2021. (Dimitrios Kambouris/Getty Images)

Videos

Bitcoin Is Shifting Hands to Long-Term Holders

Bitcoin (BTC)'s total supply held by long term holders show "the coins are moving from weak hands to strong hands," Forex.com Global Head of Research Matt Weller says. He discusses how this could potentially start the next bull cycle in 2023.

Recent Videos

Videos

Crypto May See Renewed Volatility as Whales Begin to Accumulate BTC

Forex.com Global Head of Research Matt Weller joins "First Mover" to discuss the drop in bitcoin's annualized one-month realized volatility and his outlook for 2023 amid a prolonged crypto winter. Plus, insights on the state of crypto as central banks continue to increase interest rates to tame inflation.

Recent Videos

Markets

First Mover Americas: FTT Token at Center of New US Charges in FTX Case

The latest price moves in crypto markets in context for Dec. 22, 2022.

Sam Bankman-Fried being escorted. (Royal Bahamas Police Force)

Markets

The CFP Board’s Latest Report on Crypto Sets High Standards for Advisors

Decisions to recommend bitcoin should depend on an advisor's crypto competency and a client’s personal/financial circumstances, the CFP Board’s notice rightly says.

(Pollyana Ventura/GettyImages)

Markets

Crypto Market May See Renewed Volatility as Whales Begin to Accumulate Bitcoin

Calm waters do not last long in bitcoin, so be prepared for a sharp move here shortly, one observer said, referring to the cryptocurrency's ultra-low historical or realized price volatility.

(Nicholas Cappello/Unsplash)

Markets

Bitcoin Is Leading Indicator for S&P 500, Past Data Shows

The cryptocurrency tends to bottom out weeks ahead of the S&P 500, research by Delphi Digital shows.

(Shaah Shahidh/Unsplash)

Markets

First Mover Asia: Most Cryptos Stay Flat Like a Windless Lake, but a Popsicle Makes Waves.

Plus: Sam Reynolds questions the logic of calls to ban crypto, arguing that it has little chance of causing problems in traditional finance.

DeFi project Popsicle’s ICE token tripled in value. (Sheri Silver/Unsplash)

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