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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 Long Liquidations Hit Highest Level Since August
Centralized exchanges liquidated bullish long futures worth over $62 million during the early Asian hours.
Bitcoin, Ether Drop Over 5% in Massive Sell-Off as Market Continues to Digest Silvergate
Bitcoin plunged to $22,277 and ether hit $1,563 as crypto tumbled during the opening hours of East Asia's trading day.
First Mover Asia: Bitcoin Continues to Look East for Strength
ALSO: CoinDesk columnist Glenn Williams Jr. writes that on-chain indicators show that 70% of Bitcoin addresses are profitable
Bitcoin Miner Marathon Digital Sold Almost All Bitcoin Mined in February
It's the second consecutive monthly sale for the company, which before 2023 hadn't sold any of its holdings.
Bitcoin Price Holds Steady Above $23K as Silvergate Capital Crumbles
That Silverage’s troubles are not a negative catalyst for BTC’s price “has to be seen as a positive,” one analyst says.
Bitcoin, Ether Trade Marginally Lower Following Release of Discouraging Jobs Data
A persistently robust employment market has played a major role in capping asset prices, though a floor seems intact as well.
Investment Firm Ninepoint Proposes Switching Bitcoin ETF Strategy After Falling 45% in a Year
The fund will now seek to invest mainly in equity and equity-related securities of companies with exposure to Web3, blockchain and the digital asset-enabled internet.
Jack Dorsey's Block Launches Service Provider to Make Lightning More Reliable
The new entity dubbed “c=” aims to improve liquidity and routing on Bitcoin’s Lightning Network. The name references the speed of light in Einstein's famous equation E=MC2.
First Mover Americas: Bitcoin Falls to Below $23.5K
The latest price moves in crypto markets in context for March 2, 2023.
