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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
In NFT Sales, Bitcoin Jumps to No. 2 Spot in a Matter of Months
According to data platform CryptoSlam, NFTs on Bitcoin have grossed about $167 million in the past thirty days, creeping up on Ethereum’s number one position.
Bitcoin Spurs 5th Consecutive Week of Outflows at Crypto Investment Funds: CoinShares
The outflows totaled $32 million last week, pushing total during the streak to $232 million.
Celebrating Bitcoin Pizza Day: the Time a Bitcoin User Bought 2 Pizzas for 10,000 BTC
Laszlo Hanyecz did not spend $270 million buying Papa Johns, CoinDesk's George Kaloudis writes.
U.S. Debt Deal Could Weigh On Bitcoin Price, Some Say
The Treasury's efforts to build back cash balances after resolution of the debt limit situation might suck out dollar liquidity from system, pushing bitcoin lower.
First Mover Americas: Bitcoin Price Edges Lower, Tron Rallies
The latest price moves in crypto markets in context for May 22, 2023.
Bitcoin's Trading Range Narrows to Tightest in Months
Tighter price ranges result from markets running into competing influences. Eventually, some narratives take the back seat, paving the way for a volatility explosion.
First Mover Asia: Will Bitcoin Soon Begin a Retest of 30K?
ALSO: Crypto companies and trade organization are spending a fraction of the amount that other industries are allocating for lobbying. That may change.
Crypto Miner Marathon Pledges $500K in Matching Funds to Brink for Bitcoin Development
Marathon CEO Fred Thiel tells CoinDesk in an interview that he wants to make sure development and maintenance of the open-source Bitcoin Core client software are "properly funded."
