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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 Tumbles to Lowest Price Since July 2021 as Market Panic Grows
Cryptos slumped across the board all weekend and added to declines Monday morning as global equity markets swooned.
First Mover Asia: BitMEX Saga Leaves Lingering Regulatory Questions, Bitcoin Falls
Arthur Hayes and his BitMEX co-founders must each pay a $10 million fine, but contesting the case against them might have clarified which financial regulatory agency should have primary oversight of crypto; cryptos had a rough weekend.
Bitcoin Slides to 3-Month Low to Below $34K
Digital-asset analysts warned late last week that price-chart trends had turned bearish for the largest cryptocurrency.
BTC Trades Below $36K, RSI and MACD Reflect Bearish Sentiment
As bitcoin’s daily chart leans bearish, popular indicators including the relative strength index (RSI) and the moving average convergence divergence (MACD) histogram reflect a negative sentiment in BTC’s price action. Plus, insights on the April jobs report and crypto-tracked futures liquidations as “All About Bitcoin” host Christine Lee presents the “Chart of the Day.”
Could Smart Contracts Come to Bitcoin?
CoinDesk Managing Editor for Markets Brad Keoun shares his bitcoin price outlook, discussing the prospects of a 75 basis-point interest rate hike amid the release of the April jobs report. Plus, Managing Editor for Tech Christie Harkin explains the possibility of smart contracts on the bitcoin network with the BIP119 proposal.
Market Wrap: Crypto Sell-Off Stabilizes Amid Bearish Sentiment
BTC was roughly flat over the past 24 hours and down by 6% over the past week. Traders remain cautious.
BTC Slumps Below $36K, Liquidations Lead $400M In Futures Losses
GlobalBlock Market Analyst Marcus Sotiriou discusses the current state of the crypto markets as bitcoin slumps below $36K. Plus, a conversation on consumer spending habits amid rising global inflation, and crypto’s correlation to equities markets.
Global NFT Sales Rise; Hong Kong Embraces NFTs
Bitcoin tumbles with Nasdaq’s worst performance since 2020. Chinese mining rig maker Canaan placed on SEC pre-delisting list. NFT market breaks out of bear territory. Hong Kong sees explosion in NFT exhibitions. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
Inflation Will Create a Political Vacuum. Can Bitcoin Fill It?
Prices are rising at a time of pervasive distrust in government to fix the problem. That leaves the door open to bitcoin, the ultimate anti-inflation hedge.
