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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 Approaching Resistance Near $58K; Support at $50K
Momentum has improved over the past two weeks.
Bitcoin Makes Push for $57K as Fed Taper Fears Linger, Leveraged Funds Boost Shorts
The positive sentiment in BTC has been partly driven by ETF speculation.
Who Bought $1.6B in Bitcoin Wednesday, and Why?
It’s an eerie coincidence that a trade of this size happened on exchanges with ties to Chinese customers during a week beset by that country’s capital market woes.
Mt. Gox Voting Deadline for Creditors Ends
The process of making Mt. Gox’s victims whole has been lengthy, drawn-out, and characterized by delays and legal disputes.
Market Wrap: Bitcoin Ends Week Notching 14% Gain
The largest cryptocurrency by market capitalization also surpassed $1 trillion again this week.
JPMorgan Says Institutional Investors Are Replacing Gold With Bitcoin
The shift into bitcoin that drove late-2020 all-time highs “has started reemerging in recent weeks,” wrote analyst Nikolaos Panigirtzoglou.
What Is the Bitcoin Block Size Debate and Why Does It Matter?
The debate over the size of Bitcoin’s blocks has been called its “constitutional crisis,” splitting the community right down the middle.
US September Jobs Report Misses, Amid Fed Tapering Speculation
August’s jobs number was revised up by 131,000. Bitcoin prices hold steady after the report.
