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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
What Does the Debt Limit Showdown Mean for Bitcoin?
A U.S. debt default could catapult the cryptocurrency onto the international stage.
Investors Track Pepecoin Whales to Cash In on Meme Coin Mania as Wider Market Stagnates
The trend has the potential to disrupt the huge rallies bitcoin and ether have seen this year.
First Mover Americas: Axie Infinity Rallies After Apple App Store Debut
The latest price moves in crypto markets in context for May 17, 2023.
Tether Says It Will Buy Bitcoin for Stablecoin Reserves Using Realized Profits
The company, which issues the $82 billion USDT stablecoin, reported $1.48 billion of net profits in 2023 Q1 and revealed $1.5 billion in BTC holdings.
First Mover Asia: Crypto's Rotating Profits
PLUS: Bitcoin is clearing through the unconfirmed transaction pile, but it's still at record highs
Lightning Labs Releases 'Better' Version of Token Minting on Bitcoin After BRC-20s Clog System
The project formerly known as "Taro" has been rebranded "Taproot Assets" after Lightning Labs was hit with a trademark infringement lawsuit. The new offering, now on a testnet, comes with a "core set of features to bitcoinize the dollar," according to the firm.
Bitcoin Slides Below $27K as Investors Eye Debt Ceiling Negotiations
Treasury Secretary Janet Yellen warned the U.S. could breach its debt limit by June 1, potentially setting off a recession in the event of default.
Bitcoin-Ether Correlation Dips Below 80% for First Time Since 2021
The positive relationship between bitcoin (BTC) and ether (ETH), the world's top two cryptocurrencies by market value, has weakened this year, signaling an impending regime change in the market. The 30-day rolling correlation between changes in bitcoin and ether prices dipped to 77% Monday, the lowest since 2021 and notably weaker than 96% seen two months ago, according to Kaiko data. "The Hash" panel discusses what this means for the future of bitcoin, ether, and the crypto markets at large.
