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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
Investors Short Crypto Assets as Industry Scrutiny Intensifies
Short investment products accounted for 75% of total inflows into crypto assets last week, a report by digital asset investment and trading group CoinShares showed.
‘Grayscale Discount’ Widens as FTX Contagion Spreads
Shares of the Grayscale Bitcoin Trust (GBTC), the world’s largest publicly traded crypto fund, are trading at a record discount relative to the price of the underlying bitcoin (BTC). "The Hash" discuss the impact of FTX's fallout on the overall market. CoinDesk is an independent subsidiary of Digital Currency Group (DCG), which also owns Grayscale.
More Than 50% Bitcoin Addresses Are in Loss
Most addresses holding bitcoin are now losing money, on-chain data shows. "It's just the short-term overhang that's pretty dangerous at this point ... everyone is focused on [FTX] contagion risks," says Nauman Sheikh, Wave Financial head of protocol and treasury management. But, he explains why he's optimistic in the long term.
Major Cryptos Plunge Over the Weekend Amid FTX Collapse
Bitcoin (BTC) slipped 2% but held above its recent $16K support while other major cryptos dropped significantly. Wave Financial’s Head of Protocol and Treasury Management Nauman Sheikh discusses the impact of FTX’s collapse on the broader crypto markets. Plus, insights on Grayscale’s Bitcoin Trust (GBTC) shares trading at a discount of 45% below the net asset value. CoinDesk is an independent subsidiary of Digital Currency Group (DCG), which also owns Grayscale.
First Mover Americas: FTX Faces Whopping Claims, Ackman's Hot for Helium
The latest price moves in crypto markets in context for Nov. 21, 2022.
More Than 50% of Bitcoin Addresses Are Now in Loss
Previous bear markets ended with the majority of addresses being out of the money, on-chain data shows.
First Mover Asia: Cryptos Dive Deep Into the Red
ALSO: Sam Reynolds writes that the crypto industry might be better off in the long run if some major initiatives wind down.
Understanding the FTX Fallout From the Eyes of a Bitcoiner
The financialization, tokenization and the chase of short-term profits seen across Sam Bankman-Fried's trading empire is peak Wall Street.
Market Wrap: Investors Continue to Learn More About FTX's Mismanagement
Bitcoin and ether held steady at their most recent support levels.
Crypto Market Analysis: Roller-Coaster Week Ends With Bitcoin Volatility Falling
ALSO: This week’s Fed commentary provided something for doves, hawks and those in between. BTC and USD move in tandem.
