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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
Bitcoin Little-Changed Above $57K as Fed Chair Powell Testifies to Congress
Jerome Powell made clear that central bank policymakers are focused on downside risks to the economy as much as they are inflation.
Bitcoin Steady Above $57K as Germany Moves 6.3K BTC to Exchanges
The German government entity has moved hundreds of millions worth of BTC to exchanges in the past few weeks, contributing to selling pressure and bearish sentiment.
First Mover Americas: Bitcoin Regains $57K Following $300M of ETF Inflows
The latest price moves in crypto markets in context for July 9, 2024.
Drop in Bitcoin Mining Difficulty 'Comparable to FTX Collapse,' CryptoQuant Says
Miners’ profitability has been hit as the daily revenues fell from $78 million pre-halving to $26 million currently, one market analyst noted.
Bitcoin ETF Traders Buy the Dip With Nearly $300M Inflows
Net inflows on Monday were the highest since early June, data shows, with Blackrock’s BTC ETF taking on almost $190 million.
Stablecoins, Miners Outperform as $18B Gets Wiped Out From Crypto in June: JPMorgan
Spot bitcoin ETFs saw their second worst month since launching in the U.S., with an estimated $662 million of net outflows, the report said.
First Mover Americas: BTC Rebounds to $57K
The latest price moves in crypto markets in context for July 8, 2024.
Bitcoin Mining Profitability Rose in June as Market Adjusted for the Halving: Jefferies
U.S.-listed mining companies produced a greater share of bitcoin in June than May as they brought on new capacity while the network hashrate dropped, the report said.
CoinDesk 20 Down 7%, Bitcoin Sinks by 5% as Asia Trading Week Begins
Nearly $175 million in long liquidations as broader market contracts
