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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
Gemini’s Bitcoin Inflows From Other Exchanges Dropped to Roughly Six-Year Low, CryptoQuant Data Shows
The data suggests traders may be finding Gemini to be less desirable than other exchanges.
Crypto Markets Analysis: Bitcoin’s Relative Strength Readings Are in Rare Territory
The widely watched measure of trading momentum rose during bitcoin’s surge but has fallen over the last couple of days as BTC has declined.
Crypto Trading Giant QCP Capital Expects Fed to Be Irate as Financial Conditions Ease
The recent risk revival in traditional markets and cryptocurrencies may not sustain because the U.S. central bank is still fighting inflation, the Singapore-based crypto options trading firm said.
Bitcoin Bridged to Avalanche Surpasses BTC Locked in Lightning Network
Smart contract blockchain Avalanche added support for BTC in its cross-chain bridge in June 2022.
First Mover Asia: FTX’s Illiquid Holdings Filled With Tokens That Sit in Venture Funds in Which It Invested; Bitcoin Falls Below $21K
A good portion of FTX's illiquid tokens can be found on the balance sheet of funds, including Sino Global and Multicoin Capital. FTX invested in these funds, and their names often appear alongside FTX as co-investors in projects.
Crypto Markets Today: Bitcoin Falls Below $21K; Genesis Nears Bankruptcy Filing; Bitzlato Founder Arrested
ALSO: Bitcoin fell 2% to trade at $20,700 while ether was trading down 3% to $1,530. Equities closed lower.
Crypto Markets Analysis: Bitcoin’s Improving Health May Be Thanks to 'Dr. Copper'
Correlations between bitcoin and rising copper prices reached seven-month highs.
Bitcoin Tumbles From Multi-Month High on DOJ Worry, Hawkish Fed
Earlier Wednesday the crypto had touched its highest point since before the FTX collapse.
Bitcoin Erases Entire FTX-Related Decline in Latest Surge
Wednesday morning gains for the crypto came after soft U.S. economic numbers suggested the possibility for easier monetary policy.
First Mover Asia: Bitcoin Hangs Tough Over $21K for Another Day
ALSO: Sam Reynolds writes about the unlikely rally of metaverse majors, including Axie Infinity and Decentraland, even as they struggle to keep users engaged.
