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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: Crypto Flat as Markets Await Tech Earnings
ALSO: Although Do Kwon is in a lot of trouble, his lawyers have raised a legitimate issue about crypto regulation in the U.S, and the SEC’s quest for unlimited jurisdiction over the asset class.
Bitcoin Drops to $27.3K, Ether Edges Toward $1.8K Amid Investors' Interest Rate Concerns
BTC’s recent price drop can be interpreted as “a period of consolidation and a healthy correction after an explosive move upwards past $30,000 over the last several months,” one analyst says.
Bitcoin Price May Hit $100K by End-2024, Standard Chartered Bank Says
A report from the firm noted that the crypto winter is finally over and bitcoin halving is set to be a positive catalyst for the price.
First Mover Americas: Bitcoin Starts Work Week in the Red
The latest price moves in crypto markets in context for April 24, 2023.
Bitcoin Posts Biggest Weekly Loss in 5 Months as Dollar Liquidity Declines, Debt Ceiling Fears Return
The cost of insuring against a potential U.S. government default in the next 12 months soared to record highs last week.
Declining Bitcoin-Ether Correlation Could Affect Crypto Investors’ Hedging Strategies: Coinbase
From a fundamental perspective, the weaker correlation supports diversification arguments in favor of holding both BTC and ETH, the exchange said.
First Mover Asia: What's Next After Bitcoin's Retreat
ALSO: CoinDesk columnist David Morris writes that Taylor Swift's avoided the embarrassment of striking a business deal with embattled crypto exchange FTX by reportedly asking the type of common-sense questions that should be part of any business negotiation.
Gemini to Open a Crypto Derivatives Platform Outside the U.S.
Gemini Foundation's first product will be a perpetual bitcoin (BTC) contract, the company said late Friday.
Ether Erases All Gains From Shanghai Rally as Bitcoin, Other Crypto Prices Also Fall
The second-largest cryptocurrency by market capitalization has dropped to its lowest point since April 9, CoinDesk data shows.
Solana’s Annual Carbon Footprint Equals 18062 Flights From London to New York
A new, real-time dashboard set up by the Solana Foundation purporting to show how relatively little carbon the smart contracts platform is emitting – at a time when the energy usage of Bitcoin and other blockchains is under scrutiny.
