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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
First Mover Americas: BTC Below $62.5K While Altcoins Wipe Gains
The latest price moves in crypto markets in context for April 16, 2024.
Bitcoin Could Surge to $120K on 'Doomsday Rally,' Trader Says
Geopolitical factors could see investors allocate funds to alternative assets such as bitcoin, some analysts say.
Bitcoin ETFs Are Driving a Spot Multiplier Effect, Canaccord Says
Many investors find the underlying cryptocurrency more attractive than ETFs given the ability to hedge and to generate yield on HODLs, the report said.
Analyst Who Called Bitcoin's Pre-Halving Rally to $70K Turns Bearish
Markus Thielen, founder of 10x Research, has de-risked his portfolio in the wake of rising Treasury yields.
Bitcoin Dips Below $62.5K as CoinDesk's BTC Trend Indicator Turns Neutral
CoinDesk Indices' Bitcoin Trend Indicator has been indicating a strong uptrend since last fall.
There Are Many Bitcoin Critics Left in Finance, Despite BlackRock's Newfound Love
At a recent gathering of investors in Miami, skepticism remained high even after finance titan BlackRock's shift toward touting the original cryptocurrency.
Hong Kong Boards the ETF Express
The jurisdiction is the latest to approve exchange-traded funds for bitcoin, giving a boost to BTC.
Ether, Altcoins Remain Under Pressure Following Volatile Weekend
Bitcoin has also given up some of its early Monday bounce, returning down to the $64,000 level.
Bitcoin First, Not Only: Fostering Widespread Adoption Through Education
By presenting bitcoin as the first step in a journey of financial literacy, we can create a more welcoming and inclusive environment for newcomers, Montclair State University adjunct professor Burak Tamac writes.
Allen Farrington: Capital in the 21st Century
In the same way Bitcoin mining incentivizes more energy, cheaper energy and new energy, Bitcoin can also incentivize the building of more products, cheaper products and new products.
