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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



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SEC Chair Gensler on Securities Definition, Working With the CFTC

U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler explains why different regulatory entities need to have an overarching definition of a security and collaboration with the CFTC if bitcoin is considered to be a commodity.

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Legal Battle Underway Between Hodlonaut and Craig Wright in Norway

CoinDesk Regulatory Reporter Cheyenne Ligon shares insights into the trial underway between pseudonymous bitcoiner Hodlonaut and Craig Wright, the Australian computer scientist best known for claiming to be the inventor of Bitcoin.

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How Will Bitcoin Dominance Be Impacted by the Merge?

"You'd have to expect Ethereum to continue to take ... the global total crypto market share," Eaglebrook’s Director of Research Joe Orsini says. He explains how Ethereum's improvements post-Merge could impact bitcoin.

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'Distinct Demand Patterns' With Ether Futures: CME Group Exec

Bitcoin and ether are "trading about the same," says Tim McCourt, Global Head of Equity & FX Products at CME Group, "But, we have seen more ... distinct enthusiasm around ether." He outlines how the top two cryptocurrencies by market cap are trading on CME.

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Abra CEO on Plan to Launch the First Operational US State-Chartered Bank in the Digital Asset Space

Crypto investing app Abra is in the process of forming Abra Bank for U.S. customers and Abra International for those outside the United States.

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Bitcoin Slips to $20K as US Inflation Continues to Rise

Bitcoin (BTC) and ether (ETH) tumbled as U.S. August inflation data came in higher than expected. QCP Capital co-founder and CIO Darius Sit discusses a potential bitcoin bottom and his crypto markets outlook. Plus, the current state of institutional investors in Asia.

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Celsius CEO Reportedly Mulls Crypto Custody Pivot After Lending Business Imploded

Celsius CEO Alex Mashinsky proposed revamping the failed crypto lending business as a digital asset custody firm, according to a New York Times report. Plus, bitcoin (BTC) and crypto-linked stocks fall as U.S. inflation in August rose 8.3% from the previous year and 0.1% from a month ago.

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Bitcoin Down Following August CPI Reading

Bitcoin’s temporary rally has come to an end as the U.S. CPI readings returned worse than expected. Data from TradingView indicates that bitcoin (BTC) nearly tested its 10-month bear market early Tuesday.

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Brother of Fmr Coinbase Exec Pleads Guilty to Insider Trading; Conservative Party of Canada Elects Pro-Bitcoin Leader as Head

Bitcoin rallies above $22,000 as investors expect positivity from the upcoming U.S. CPI report. The trial between Hodlonaut and Craig Wright kicks off in Norway. Nikhil Wahi, brother of former Coinbase executive, pleads guilty to the first crypto insider trading case. The Conservative Party of Canada elects pro-bitcoin leader Pierre Poilievre as party head.

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