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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
Market Wrap: Bitcoin Expected to Rise on Taproot Upgrade
Some analysts expect a price rise as the Bitcoin network receives the most significant upgrade since 2017.
Bitcoin Decline Could Stabilize at $60K Support
Short-term upside appears to be limited given the loss of upside momentum.
SEC Rejects VanEck’s Spot Bitcoin ETF Proposal
The decision did not come as a surprise given SEC chair Gary Gensler’s preference for a bitcoin futures ETF.
Off the Charts: Supply Chain Angst
Is inflation in the U.S. the product of monetary policy or supply chain problems?
Market Wrap: Bitcoin Stabilizes as Traders Prepare for Taproot Upgrade
Analysts expect further upside despite short-term price swings.
Bitcoin Retreats From All-Time High, Ether Follows
The shakeout appeared to coincide with a turn lower in U.S. stock markets.
Rapper Money Man Becomes the First Artist to Receive Advances in Bitcoin
Atlanta-based multi-platinum rapper and entrepreneur Money Man has become the first artist to receive advances in bitcoin. Music label Empire paid its first artist advance in BTC to Money Man worth $1 million through Square's Cash App. Money Man, along with Empire CEO and founder Ghazi, share their insights.
