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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. October Jobs Up 150K, Missing Forecasts for 180K; Bitcoin Remains Lower at $34.3K
Interest rates of late have fallen sharply across the U.S. yield curve as traders place bets the Fed is finished tightening monetary policy.
First Mover Americas: Sam Bankman-Fried Guilty on All 7 Counts
The latest price moves in crypto markets in context for Nov. 3, 2023.
Bitcoin Recedes to $34.2K Ahead of U.S. Nonfarm Payrolls Data
The jobless rate is forecast to hold steady at 3.8%, while the year-on-year growth in average hourly earnings likely slowed to 4% from 4.2%.
Bitcoin Is Up 70% a Year After FTX Debacle, but 'Alameda Gap' in Liquidity Persists
The 'Alameda gap' refers to the worsening of order-book liquidity following the collapse of the FTX group a year ago.
Bitcoin Mining Stocks Soar 10% as BTC Hovers Near 17-Month High at $35K
The bitcoin derivatives market shows signs of overheating, one observer noted.
Here's Why Bitcoin Will 10X From Here: Michael Saylor
"For the industry to move to the next level, we need to migrate to adult supervision," said the MicroStrategy executive chairman.
Bitcoin Round-Trips Its Way Back Under $35K as Fidelity's Timmer Calls It 'Exponential Gold'
The world's largest crypto remains in the green over the past 24 hours, but has slumped nearly 4% from its overnight high.
Crypto for Advisors: Opinion: Direct Crypto Ownership Is Best
In this week's issue of Crypto for Advisors, learn why direct ownership of crypto may be in the best interest of the client.
'Santa Rally' Could Spark Bitcoin to $56K by Year-End; PayPal Faces SEC Inquiry
"CoinDesk Daily" host Jennifer Sanasie breaks down the hottest topics in the crypto industry today, including a new price prediction that bitcoin (BTC) could rise to $56,000 by Dec. 31, in line with its record of maintaining bullish momentum in final months of the year. FTX founder Sam Bankman-Fried's trial is wrapping up. And, PayPal received a subpoena from the U.S. Securities and Exchange Commission (SEC) requesting documentation about its USD stablecoin.
