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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 Risks Deeper Price Losses Below 50-Day Average: Analysts
A break below the 50-day simple moving average would shift the focus to long-term support near $25,200, one analyst said.
Bitcoin Whale Moves $37M BTC After 11 Years of Dormancy
The movement is the latest in a trend of early buyers and holders moving their tokens to new wallets after several years of inactivity.
First Mover Asia: Bitcoin Awaits Its Spot ETF in Absence of a Macro Catalyst: Crypto CEO
PLUS: At least one bitcoin price indicator suggests that BTC may be turning slightly upward soon, writes a CoinDesk analyst, while Tribe Capital's managing partner sees a DeFi "resurgence."
Revenue Constraints Will Drive Bitcoin Mining to Sustainability
Proof-of-work mining has a place in global renewable energy adoption. But its larger role is ensuring economic freedom and liberty if nations are destabilized by climatic pressures.
Bitcoin Breaks Below Key Technical Indicator, but Appears Poised to Continue Its Flat Trajectory
Wednesday’s Federal Reserve likely decision to raise the interest rate 25 basis points appears to be priced into crypto markets
2024 Is Shaping Up to Be a 'Good Year' for Bitcoin: Galaxy Asset Management Head
Bitcoin is hovering around $29,000 as traders await another key interest rate decision from the U.S. Federal Reserve. Galaxy global head of asset management Steve Kurz discusses what to expect from the Fed and the implications for the crypto markets. Plus, Kurz's take on how dogecoin (DOGE) is performing amid excitement about Twitter's new look.
First Mover Americas: Bitcoin at $29K Continues to Trade Near One-Month Low
The latest price moves in crypto markets in context for July 25, 2023.
Fed Preview: Crypto Observers See Powell Keeping Door Open for Rate Hikes Beyond July
A 25 basis point rate increase on Wednesday is a foregone conclusion. The question is whether the Fed will continue to raise rates in subsequent months.
First Mover Asia: Bitcoin Holds Its Latest Foothold at $29.1K While Worldcoin Soars
PLUS: BTC's positive vibes may be waning as outflows from BTC investment products rose for the first time in weeks. But mining is in a better state than it was a year ago.
