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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
Is Bitcoin Due for Lower Lows After Jumping to New All-Time High?
Bitcoin's rally is slowing down after jumping to a new all-time high of $68,950. Senior Market Analyst at Oanda Edward Moya discusses what to make of the price pullback. Plus, short-term risks and "panic selling" to watch as he says bitcoin could consolidate between $65K-$75K until year-end while Wall Street traders take profits.
Compass Mining CEO on Launching Resale Market for Bitcoin Mining Equipment
Compass Mining, the bitcoin mining service provider, has launched a secondary resale market for retail mining customers to sell their bitcoin mining hardware. CEO Whit Gibbs shares insights into the launch and the impact of increasing hashrate on his business.
Bitcoin Price Action After Retaking All-Time High
Bitcoin is giving up some gains after reaching an all-time high near $68,500 Monday. Pantera Capital noted the last time bitcoin retook its all-time high, it went 3.2x above that. The average increase of the past three instances is 8.8x over a 166-day period. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
Why Is Bitcoin, Ether Breaking All-Time Highs?
Both bitcoin and ether hit new all-time highs Monday night, but what's behind the push? Head of Market Insights at Genesis Global Trading, Noelle Acheson, discusses her take on the potential factors driving prices higher and how this all-time high differs from previous ones. Plus, insights into global buying trends and indicators to watch for short-term movement.
Does Everything Need to Be on the Blockchain?
Ever since the word "bitcoin" wormed its way into the mainstream, people have been obsessed with putting things "on the blockchain," but are we getting to the point of crypto overreach? "The Hash" hosts discuss how much of the tech we already use today need a crypto component.
Bitcoin, Ether Hit New All-Time Highs
“The Hash” panel discusses their reading of the crypto markets as the prices of bitcoin and ether hit new all-time highs, with BTC breaking $68,000 and ether rallying above $4,800. Where do we go from here?
Bitcoin Hits New All-Time High Above $68K As Ether Also Jumps to New Record
Customers Bank President and CEO Sam Sidhu discusses his crypto markets assessment as bitcoin broke $68,000 for the first time, and ether also set an all-time high past $4,800. “Crypto has become too big to ignore,” Sidhu said.