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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
El Salvador Buys 100 More Bitcoins as Crypto Market Falls
El Salvador’s President Nayib Bukele said in a tweet he bought the coins at “a discount.”
5 Reasons for Crypto to Be Thankful
CoinDesk’s Chief Content Officer picks out five big trends to be pleased about.
Goldman Says Fed May Accelerate Tapering in January: Report
The new projection means the asset purchase program would end in March.
Bitcoin Slips to $55K as Renewed COVID Concerns Jolt Traditional Markets
The cryptocurrency appeared set for a breakout above $60,000 after Thursday’s rise, but COVID fears played spoilsport.
First Mover Asia: What Holiday? Bitcoin Soars Past $59K Amid Brisk Trading
Ether rose more than 6% and altcoins GALA, SAND, MANA and SHIB were among other winners on the day.
Bearish Sentiment Grips Bitcoin Ahead of $3B Options Expiry
Bitcoin’s put options become pricier amid Fed rate hike fears.
First Mover Asia: Bitcoin Falls in Pre-Holiday Trading; Ether Drops
A recovery in the tether-yuan pairing suggests the Chinese market is slowly recovering from the country’s crypto trading ban in September.
Market Wrap: Higher Volatility Expected in Bitcoin and Ether
There could be sharp price moves over the next few days.
