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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
Fed Likely to Raise Rates by 50 Basis Points in December; Bitcoin Jumps
Federal Reserve Chair Jerome Powell said that "it makes sense to moderate the pace of our rate hikes" as soon as December.
Bitcoin Is on 'Road to Irrelevance’: European Central Bank Staffers
Ulrich Bindseil, director general market infrastructure and payments at the European Central Bank (ECB), along with Adviser Jürgen Schaff, called the current price action in the crypto markets "an artificially induced last gasp before the road to irrelevance," among other jabs at the industry. "The Hash" team discusses what this means for crypto in Europe and beyond.
Bitcoin Likely Bottoming at $12K Amid Continued Contagion Risks
DFD Partners President Bilal Little shares his outlook for a bitcoin (BTC) bottom before a rally up toward $22,000.
Bitcoin Nearing $17K Despite BlockFi Bankruptcy Filing
DFD Partners President Bilal Little discusses his outlook for bitcoin (BTC) as the cryptocurrency rises toward $17,000 despite ongoing concerns about FTX fallout and macroeconomic uncertainties.
Bitcoin Custody Firm Casa to Add Ethereum Support
The addition is part of a major overhaul of the Casa app, which will be relaunched in January.
First Mover Americas: Coinbase Wallet Ditches 4 Tokens
The latest price moves in crypto markets in context for Nov. 30, 2022.
Bitcoin's Last Stand: ECB Staffers Say the Crypto Is on 'Road to Irrelevance'
Crypto regulation can be misunderstood as approval, the officials at the European Central Bank said.
First Mover Asia: Bitcoin Rises Toward $17K Despite Investor Unease
ALSO: Sam Reynolds writes that most of Grayscale's digital asset trusts are trading at a deep discount, and that many other digital asset trusts that have significant assets face the same predicament.
Crypto Markets Today: Huobi’s HT Token Climbs After Exchange Discloses Airdrop
The company will send a digital token to users via Huobi Prime, its exclusive token offering platform.
First Mover Asia: Ethereum Isn’t wETH or stETH, but Jokes Still Move Markets
Sam Reynolds writes that irreverent posts about lesser-known altcoins – and more significant tokens – can be destructive, especially if people don’t get the irony. ALSO: Bitcoin drops as BlockFi files for bankruptcy protection.
