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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 Asia: Bitcoin Turns Range-Bound Again Amid an Absence of Fresh Capital; Altcoins Dip Further Into Red
PLUS: A spot bitcoin ETF may be in the offing, and crypto prices are unpredictable, but MicroStrategy "still fills a need in the marketplace," the president of crypto asset fund ProChain Capital told CoinDesk TV.
Bitcoin Sees Little Boost From Fitch Downgrade, Slumps on Binance Contagion
Correlations between movements in the crypto and stocks have turned negative of late.
Binance Could Face U.S. Fraud Charges, but Prosecutors Worry About Risk of Bank Run: Semafor
The price of bitcoin (BTC) and Binance's BNB token immediately fell following the report.
Bitcoin ETF Approval Odds Just Got Better: Bloomberg Analysts
They now see a 65% chance a U.S. spot bitcoin ETF will launch this year, up from 50% previously.
Bitcoin Venture Capital Is Anything but Boring: Crypto Long & Short
Bitcoin Core's methodical development fuels the idea that “nothing is happening on Bitcoin,” but innovation is actually robust.
Bitcoin Is 'Big Barbie' Energy
Director Greta Gerwig's reimagined and self-empowered Barbie would love Bitcoin, author and influencer Aubrey Strobel writes.
Why You Should Care About Litecoin: It's the Backbone of Dogecoin
Litecoin, a blockchain cloned from Bitcoin in 2011 that underwent a key milestone on Wednesday known as a “halving,” provides network security to Dogecoin via a process called “merged mining.” Dogecoin is a frequent social-media topic for Tesla CEO Elon Musk.
Litecoin Undergoes Third 'Halving,' in Milestone for 12-Year-Old Blockchain
The blockchain's "halving," where the pace of new issuance of cryptocurrency gets cut in half every four years, took place Wednesday, when it reached transaction block 2,520,000.
First Mover Americas: Race for Ether ETFs Kicks Off With 6 Asset Managers Filing
The latest price moves in crypto markets in context for August 2, 2023.
