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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's Most Loyal Holders Continue Accumulation Despite Price Lull
Long-term holders continue to accumulate bitcoin, with 40% unmoved in more than three years, or an all-time high for that metric.
Long Bitcoin With Tight Stop Loss in Place, Matrixport Says
Traders should monitor for a potential drop below $25,800, Matrixport's Markus Thielen said while discussing the stop loss.
FTX's Sam Bankman-Fried Wants a 'Temporary Release' From Jail; Is Bitcoin Becoming an Election Issue?
"CoinDesk Daily" host Jennifer Sanasie breaks down the hottest stories in crypto today, including attorneys for Sam Bankman-Fried wanting to secure the FTX founder a "temporary release." Arkham Intelligence data shows trading platform Robinhood holds a significant amount in bitcoin (BTC) in a single wallet. And, Cathie Wood is speaking out on crypto's influence in the upcoming U.S. presidential elections.
The Bitcoin Circular Economy Battles Entrenched Mindsets in El Salvador
In his third weekly dispatch from El Salvador, Jonathan Martin meets two Bitcoin entrepreneurs working to improve financial inclusion.
Robinhood Revealed to Be Third-Largest Bitcoin Holder With $3B in BTC
Robinhood transferred some 118,300 bitcoin to the wallet from several other smaller wallets over a three-month period.
Bitcoin Dips Below $26K, Smaller Cryptos Head Lower on Fed's Powell's Hawkish Remarks
Speaking at Jackson Hole, the Fed chair doubled down on keeping financial conditions tight, including hiking interest rates further if needed.
