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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: Cryptos Mixed as Global Uncertainty Lingers; Dogecoin Pumps
BTC was roughly flat over the past 24 hours, compared with a 26% rally in DOGE.
New York Lawmakers Advance Mining Moratorium Bill to Full Assembly
The bill would bar new permits for proof-of-work mining operations in former power plants for two years.
Bitcoin Recovers Above $40K After Dipping Earlier to 6-Week Low
Bitcoin is trading at about $40,100 after falling nearly to $38,200.
Bitcoin Holding Support Above $37K; Resistance at $43K
BTC's price range could persist for another week.
Crypto Funds Saw Minor Outflows Last Week
Some $7 million flowed out of digital asset funds in the week through April 22.
Binance Extended Crypto Exchange Dominance in March
The exchange captured 30% of spot volume market share last month, extending its lead over competitors including Coinbase and OKX.
Introducing CoinDesk's Payments Week
Can crypto fulfill its original promise? From Bitcoin’s Lightning Network to stablecoins to gaming and rewards, innovations give hope for the payments use case.
First Mover Americas: The Bitcoin Death Cross
The latest moves in crypto markets in context for April 25, 2022.
Bitcoin Falls to Six-Week Low Amid Risk-Off Sentiment
"I don't remember this level of bearishness amongst contacts and Twitter, even back on cycle lows in January," one fund manager said.
