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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
NFT Trading Is Ice Cold But Developers Are Still Hot for Web3
This week, new reports were released that point to a major slowdown in NFT trading. Plus, Etihad Airways will soon let its community of frequent fliers stake NFTs for miles.
Bitcoin Little Changed This Week as Broader Crypto Gauge Sheds 1.6%
The theme of relatively flat prices continued as July turned to August.
Miami Mayor Francis Suarez to Accept Presidential Campaign Donations in Bitcoin
The move is part of a "process of developing technologies that are going to create democratizing opportunities for wealth creation," Suarez said in an interview on CoinDesk TV on Friday.
U.S. Added 187K Jobs in July, Missing Estimates for 200K, Bitcoin Slips to $29,100
The unemployment rate fell to 3.5% versus forecasts for 3.6%.
Bitcoin Holdings on OTC Desks Decline 33%: Glassnode
Over-the-counter desk balances are widely considered a proxy for institutional activity. Still, caution is warranted when drawing conclusions.
Crypto Options Volume on CME Rose to Nearly $1B in July: CCData
The increase suggests that institutions might be hedging their positions.
ProShares, Bitwise File for Bitcoin and Ether ETFs
If approved, the fund will measure "the performance of holding long positions in the nearest maturing monthly bitcoin and ether futures contracts."
