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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: Bitcoin Expected to Rise on Taproot Upgrade
Some analysts expect a price rise as the Bitcoin network receives the most significant upgrade since 2017.
Bitcoin Decline Could Stabilize at $60K Support
Short-term upside appears to be limited given the loss of upside momentum.
SEC Rejects VanEck’s Spot Bitcoin ETF Proposal
The decision did not come as a surprise given SEC chair Gary Gensler’s preference for a bitcoin futures ETF.
Off the Charts: Supply Chain Angst
Is inflation in the U.S. the product of monetary policy or supply chain problems?
Market Wrap: Bitcoin Stabilizes as Traders Prepare for Taproot Upgrade
Analysts expect further upside despite short-term price swings.
Bitcoin Retreats From All-Time High, Ether Follows
The shakeout appeared to coincide with a turn lower in U.S. stock markets.
Rapper Money Man Becomes the First Artist to Receive Advances in Bitcoin
Atlanta-based multi-platinum rapper and entrepreneur Money Man has become the first artist to receive advances in bitcoin. Music label Empire paid its first artist advance in BTC to Money Man worth $1 million through Square's Cash App. Money Man, along with Empire CEO and founder Ghazi, share their insights.
Makara CEO: Bitcoin's Pullback a 'Natural, Healthy Movement in the Market'
Jesse Proudman, CEO of crypto investment advisor Makara, discusses his bitcoin analysis as it retreats from an all-time-high near $69,000. The pullback is a "natural, healthy movement in the market as we continue to move up," Proudman said. Plus, his views on bitcoin as an inflation hedge, buying trends to watch among investors, and reactions to Miami Mayor Francis Suarez's crypto ambitions for the city.