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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
Jack Dorsey-backed Nostr Creator Collaborates With Zebedee on New Social Media Layer
Zebedee users will be able to join a waitlist for alpha access to an updated version of the app, which will feature integration with decentralized social media protocol Nostr (an acronym for “notes and other stuff transmitted by relays”).
First Mover Americas: SEC-Targeted Tokens Tumble
The latest price moves in crypto markets in context for June 8, 2023.
Bitcoin Traders Shrug Off U.S. SEC's Action Against Binance, Coinbase
Implied volatility metrics show no signs of panic after the SEC's filed lawsuits against the two cryptocurrency exchanges.
First Mover Asia: Bitcoin Falls Below $26.5K as Crypto Market Fades Amid Coinbase, Binance Angst
ALSO: Stablecoin balances may provide additional insight into price direction.
BNB Drops to 6-Month Low as ADA, MATIC, SOL Lead Altcoin Tumble
Cryptocurrencies the SEC characterized as securities in recent lawsuits led the drop among altcoins, while BTC traded mostly flat.
Funding Rates for Bitcoin, Ether Remain Positive, Indicating Bullish Sentiment
Investors remain bullish about crypto in derivatives markets, as the CoinDesk Indices Ether Trend Indicator signals “significant uptrend”
Bitcoin, Ether Trade at Premiums on Binance.US as Investors Flee Following SEC Actions
The SEC was seeking to freeze assets on Binance.US after suing the exchange and its related global entity Binance.
Bitcoin (Somewhat) Takes Binance Accusations in Stride
As the U.S. government’s fight against crypto intensifies, there is some evidence the industry is weathering it better than past shocks.
First Mover Americas: Bitcoin Shows Resilience Amid SEC Lawsuits Against Binance, Coinbase
The latest price moves in crypto markets in context for June 7, 2023.
