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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
Swan Bitcoin Drops IPO Plan, Cuts Staff and Will Shut Managed Mining Unit
The bitcoin financial firm previously planned to go public by end of this year.

Taking Profits on Bitcoin Ahead of Trump Conference Appearance Could Be 'Expensive Exercise': Analyst
Markus Thielen, founder of 10x Research, fully expects Trump to win the November election, triggering an early exit for SEC Chair Gary Gensler.

First Mover Americas: Bitcoin Settles Above $67K After Biden Drops Out
The latest price moves in crypto markets in context for July 22, 2024.

Any Near-Term Rebound in Crypto Market Likely to Be Temporary: JPMorgan
The bitcoin price is currently too high versus its production cost and relative to its volatility-adjusted comparison to gold, the report said.

Bitcoin Briefly Tops $68K as Biden Dropout Riles Up Crypto Bulls
The general possibility of a crypto-friendly government coming into power is bumping sentiment among professional traders, one firm said.

Bitcoin Traders Brace for 'Fat Tails' as Focus Shifts to Trump's Nashville Bitcoin Conference Speech
Speculation is high that Trump will announce a bigger role for BTC in the financial system, triggering a parabolic rise in the cryptocurrency's price, one observer said.

Bitcoin Tops $67K as Cryptos Rally Amid Global IT Outage; Solana's SOL Leads Altcoins
Friday's crypto rally defied past days' correlation with U.S equities, which continued their losing streak.

First Mover Americas: Bitcoin Trades at $64K as Biden Withdrawal Likelihood Increases
The latest price moves in crypto markets in context for July 19, 2024.

Bitcoin Slumps Towards $63K as Speculation About Biden Dropout Intensifies
As the odds for Joe Biden pulling out of the presidential race soared over the past day, the chances of victory for the now crypto-friendly Donald Trump slipped on prediction market Polymarket.
