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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
U.S. Added Just 114K Jobs in July, Unemployment Rate Shoots Up to 4.3%
The price of bitcoin initially showed little reaction to the soft data even as traders quickly amped up bets on big Fed rate cuts in the second half of the year.
First Mover Americas: BTC Warnings Finger Drop to $55K
The latest price moves in crypto markets in context for Aug. 2, 2024.
Hong Kong's Futu Launches Bitcoin, Ether Trading, Offers Alibaba, Nvidia Shares as Rewards: Report
For the moment, only bitcoin and ether can be traded, while the company works on "expanding our crypto offerings in the near future."
Bitcoin Risk-Reward Remains Compelling Even After Price Surges 100% in a Year
Long-term holders are motivated to hold at bitcoin's going market rate, implying an attractive risk-reward for existing or potential investors, according to the "reserve risk" indicator.
Bitcoin Traders Eye $55K Amid U.S. Stocks Sell-off, XRP Leads Losses in Major Cryptos
Traditional markets from the U.S. to Japan saw declines across major indexes and stocks, with the tremors seeping into the cryptocurrency market.
MicroStrategy Reports Q2 Loss; Bitcoin Holdings Rise to 226,500
Still not switching over to mark-to-market, the company booked an impairment charge of $180.1 million in the second quarter.
Bitcoin Plunges More Than 10% Since Hitting $70K 72 Hours Ago
The slide in the odds of a Donald Trump victory in November might have bulls rethinking some bets.
First Mover Americas: Crypto Markets Reel on Geopolitical Risk
The latest price moves in crypto markets in context for Aug. 1, 2024.
