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

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Trump poster for 2024 election. (Jon Tyson/Unsplash)

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A rocket launching. (United Launch Alliance / U.S. Air Force)

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corner, wall, white paint and sunshine (JACQUELINE BRANDWAYN/Unsplash)

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By Jamie Crawley, Shaurya MalwaJun 5, 2024

BTC price, FMA June 5 2024 (CoinDesk)

Bitcoin Crosses $71K as BTC ETFs See $880M Inflows in Best Day Since March

This marked the best day of inflows since March and the second-highest overall since 11 bitcoin ETFs went live in January.

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(Giovanni Calia/Unsplash)

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