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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 Heads for Best Month Since October as Inflation Rises
Bitcoin is on track for its best month since October, as a busy week for U.S. economic news ends with a fresh inflation surprise. EToro Crypto Consultant Glen Goodman joins “First Mover” with his market analysis as annual PCE increases 6.8% in June.
First Mover Americas: Bitcoin Heads for Best Month Since October as PCE Inflation Surprises
The latest price moves in crypto markets in context for July 29, 2022.
El Salvador's Finance Minister Says Bitcoin Adoption is 'Gaining Ground': Report
Alejandro Zelaya said bitcoin adoption has been beneficial to El Salvador's unbanked population.
Ethereum Classic Almost Triples, MATIC and UNI Surge as July Brings Relief to Crypto Market
Ethereum classic's price rise is consistent with its record of rallying around major Ethereum upgrades, one observer said.
First Mover Asia: Bitcoin’s Recent Gains Have Been Small. What Will Drive Its Price Higher?
The U.S. economy seems headed for recession, if it's not already there. But it's difficult to predict how BTC and other cryptos will perform in the weeks ahead.
Market Wrap: Bitcoin Pushes Higher Despite Negative GDP Report
Growth in the U.S. economy slows, the yield curve inverts but markets rise anyway.
Bitcoin Approaches $24K as US GDP Fell 0.9% In Q2
Bitcoin (BTC) rallies near $24,000 as recession fears linger. “All About Bitcoin” host Christine Lee breaks down the Chart of the Day and explains how bitcoin is reacting to rising inflation and recent moves from the Federal Reserve.
Bitcoin Outlook as Yellen Says US Economy Not in Recession
Treasury Secretary Janet Yellen said the US economy is not in a recession, despite GDP falling 0.9% in the second quarter. Tactive Wealth Advisor Eddy Gifford reacts to Yellen's latest comments and shares his insights on whether the bitcoin rally is here to stay.
El Salvador Defends Bitcoin Bet Despite 50% Loss on its Investment
El Salvador’s finance minister is doubling down on the country’s strategy to adopt bitcoin as a national currency, despite a 50% loss in its crypto investment, according to Bloomberg. London School of Economics Public Policy Fellow Frank Muci reacts to President Nayib Bukele's sovereign debt repurchase plan and shares his outlook on El Salvador's bitcoin bet.