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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 Americas: Bitcoin Flat as Crypto Winter Deepens
The latest price moves in crypto markets in context for March 6, 2023.
Does Bitcoin's Weekly Death Cross Pattern Call for Caution?
The death cross formed on the weekly time frame makes for a cautious view of the near-term outlook, one observer said, while another called it a nonevent.
First Mover Asia: Bitcoin Is Stuck Between Silvergate and China
The largest crypto by market value hovers above $22.4K as investors mull Silvergate's troubles and anticipate likely encouraging economic data from China. ALSO: CoinDesk columnist David Z. Morris considered the gathering of Etherians at ETHDenver, all working together to build.
Jack Dorsey's Block Launches Service Provider to Make Lightning More Reliable
TBD, a division of Jack Dorsey's financial-technology company Block, has launched a new business entity named “c=” that focuses on improving liquidity and routing on the Lightning Network. CoinDesk Editor at Large Christie Harkin breaks down its significance to Bitcoin’s layer 2 scaling system.
Bitcoin’s Slow Week Upended by Concerns Regarding Crypto Bank Silvergate
Flat price action and mild volume took a turn after bitcoin and ether declined sharply late Thursday night.
Bitcoin's Long Liquidations Surge as Prices Slide
Exchanges liquidated longs, or bullish bitcoin futures, worth over $62 million during Asian hours, according to data from Glassnode. That's the highest amount since August. Forex.com Global Head of Research Matt Weller provides his analysis.
First Mover Americas: Crypto Markets Sinking on Silvergate
The latest price moves in crypto markets in context for March 3, 2023.
Bitcoin-Bridged to Avalanche Reaches Record Daily Mint of Over 2K BTC
Half of the BTC.b minted on Thursday have been moved to BENQI Finance, an Avalanche-based decentralized finance protocol.
Bitcoin Bears May Still Be a Bit Early, Though Caution Urged: Matrixport
Crypto investors should cut exposure by 50% if bitcoin prices fall below $22,800, the report said.
