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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 Layer-2 Chain Bitlayer Raises $11M Led by ETF Issuer Franklin Templeton
Bitlayer's layer 2 is based on the BitVM paradigm, which was unveiled last October and laid out a path for Ethereum-style smart contracts on the original blockchain.
Bitcoin Nears $66K as Mt. Gox Moves $130M to Bitstamp
The defunct crypto exchange shuffled over $2.5 billion between wallets, some of which was sent to crypto exchange Bitstamp.
BlackRock's Spot Bitcoin ETF Draws $526M in Net Inflows
BTC failed to take out key price resistance despite huge inflows into BlackRock's IBIT.
U.S. Government Moves $4M Bitcoin to Coinbase, Arkham Data Show
An address labeled "U.S. Government: Ryan Farace Seized Funds" moved BTC worth nearly $4 million to Coinbase 11 hours ago.
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.
