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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 in NASDAQ Futures Rising Toward 4-Month High
High-growth tech stocks are faltering while bitcoin (BTC) is falling less and showing far greater resiliency amid global macro headwinds. Separately, Bitcoin in NASDAQ futures, or BitDAQ, is rising toward a four-month high. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
Bitcoin Hits 7-Week High, Shrugging Off Unexpectedly Strong US Jobs Report
The bitcoin price rose as high as $21,287 in the past 24 hours, the highest since Sept. 13.
Argentine Fintech Uala Launches Bitcoin, Ether Trading Feature
The service will be available to 4.5 million users in the South American country in the coming weeks.
First Mover Americas: Bitcoin Higher After Jobs Report and Arweave's Meta Effect
The latest price moves in crypto markets in context for Nov. 4, 2022.
US Added 261K Jobs in October, Topping Expectations for 200K
Bitcoin's price is likely to face continuing headwinds as the strong report should keep the Federal Reserve on a tightening path.
First Mover Asia: Alameda Research, FTX Are Bound to Each Other; Bitcoin Trades Sideways, Dogecoin Plunges Late as Twitter Halts Work on Crypto Wallet
A recent Alameda document showed the biggest asset on the organization's balance sheet was FTX’s FTT token.
Market Wrap: Ether, Other Cryptos Rise Despite Unsettling Inflationary Concerns
Bitcoin was trading sideways but other major cryptos were solidly in the green despite a jumbo interest rate hike by the Bank of England and a dip in jobless claims.
Canadian Energy Provider Hydro-Quebec Proposes Stopping Electricity Supply to Blockchain Industry
The utility asked Canada's energy regulator to suspend the allocation of 270 megawatts that had previously been planned for blockchain industry in Quebec.
Jack Dorsey's Block Sees Drop in Bitcoin Revenue as Consumer Demand, Crypto Prices Slump
Block cited declines in consumer demand and the price of bitcoin for its bitcoin-based revenue decline.
Marathon Digital CEO: We're Bullish on Bitcoin
Marathon Digital Holdings (MARA) mined 615 bitcoin (BTC) in October, the highest monthly total in its history. CEO Fred Thiel shares insights into Marathon Digital's business operations and the state of bitcoin mining amid crypto winter.