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



Video

Terra’s LUNA Sacrifice; Australian Crypto ETFs Launch

Terra sacrifices LUNA to save UST peg. Crypto market tumbles in response to inflation data and Terra fiasco. Australia’s first Bitcoin and Ethereum spot ETFs go live. South Korea hopes to institutionalize crypto by 2024. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”

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Finanza

Brazil’s Largest Brokerage, XP, Set to Launch Crypto Trading Feature

Built on Nasdaq's trading technology, the platform will allow users to buy bitcoin and ether.

Sao Paulo, Brazil (Bruno Thethe/Unsplash)

Politiche

Global Crypto Regulatory Body Is Coming Soon, Says Top Official

A joint body to coordinate efforts at regulating crypto at the global level could become a reality in the next year, according to IOSCO chair Ashley Alder.

Global (Shutterstock)

Finanza

Australian Crypto ETF Listings Kick Off With Low Volumes Amid Crypto Correction

Investors opted for a cautious approach during intense volatility on the opening day of three crypto funds.

Sydney harbor. (Dan Freeman/Unsplash)

Mercati

First Mover Asia: Bitcoin at 16-Month Low as UST Collapse Shows Risks of 'Algo' Stablecoins

A number of algorithm-based stablecoins have already failed; bitcoin and other cryptos see deep red.

Bitcoin and other major cryptos plummeted. (Shutterstock)

Mercati

Market Wrap: Cryptos Extend Losses as LUNA Plunges

Bitcoin declined by as much as 6% over the past 24 hours, as LUNA dropped 96% and SOL fell 30%.

A trader works on the floor of the New York Stock Exchange (Michael Nagle/Bloomberg via Getty Images)

Mercati

Bitcoin Struggles Near $27K-$30K Support Zone

BTC is deeply oversold, but upside appears limited.

Bitcoin daily chart shows support/resistance with RSI on bottom. (Damanick Dantes/CoinDesk, TradingView)

Finanza

Nubank, Brazil’s Largest Digital Bank, Launches Bitcoin and Ether Trading

The trading and custody service is being provided by blockchain infrastructure company Paxos.

Brazilian flag (Shutterstock)

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