First Mover Americas: Bitcoin Hovers Around $59K to End Week
The latest price moves in crypto markets in context for May 3, 2024.
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May 3, 2024 at 12:06 p.m. UTC
May 3, 2024
Bitcoin
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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
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Bitcoin's Price Recovery Faces Nonfarm Payrolls Test
Bitcoin held steady as the dollar index nursed losses ahead of a U.S. jobs report that is expected to show the unemployment rate remained below 4% for the 27th straight month.
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May 3, 2024 at 11:22 a.m. UTC
May 3, 2024
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CoinDesk Markets Week in Review
CoinDesk Indices presents notable data insights from the week, followed by additional analysis from an industry expert.
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May 3, 2024 at 11:01 a.m. UTC
May 3, 2024
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Jack Dorsey's Block Adding More Bitcoin to Balance Sheet, Presents Road Map for Others
The company announced the news alongside its first quarter earnings report on Thursday afternoon.
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May 2, 2024 at 8:46 p.m. UTC
May 2, 2024
Crypto Update | Is the Bull Market Over? And Why Stablecoins Aren't Hitting Centralized Exchanges?
The latest price moves and insights with Jenn Sanasie and Co-Founder and CEO at Nansen, Alex Svanevik.
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May 2, 2024 at 4:36 p.m. UTC
May 2, 2024
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Crypto Market Sell-Off Was Driven by Retail Investors, JPMorgan Says
Crypto markets have seen significant profit taking in recent weeks with retail investors playing a bigger role than institutions, the report said.
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May 2, 2024 at 4:00 p.m. UTC
May 2, 2024
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U.S. Senate's Warren Warns National Security Chiefs About Iranian Crypto Mining
In a letter to top officials, Sens. Elizabeth Warren and Angus King flagged Iran's reliance on cryptocurrency mining as a way to evade sanctions pressure.
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May 2, 2024 at 3:46 p.m. UTC
May 2, 2024
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Protocol Village: Polyhedra Says Open-Source ZK Proof System 'Expander' 2x Faster Than Alternatives
The latest in blockchain tech upgrades, funding announcements and deals. For the period of May 2-8.
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May 2, 2024 at 3:25 p.m. UTC
May 2, 2024
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First Mover Americas: BTC Stabilizes Around $58K Following Yesterday's Rout
The latest price moves in crypto markets in context for May 2, 2024.
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May 2, 2024 at 12:07 p.m. UTC
May 2, 2024
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Bitcoin’s Volatility Is Falling and This Will Continue as It Matures: Fidelity
The cryptocurrency is already showing signs of maturity as its volatility drops to all-time lows on a yearly scale, the report said.
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May 2, 2024 at 11:48 a.m. UTC
May 2, 2024