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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
Crypto Markets Today: Bitcoin Holds Strength Above $21K, Congress' FTX Problem
ALSO: Crypto bank Silvergate reports a fourth-quarter loss of $1 billion. Equities closed mixed after big banks’ 4Q earnings reports.
Crypto Markets Analysis: Fear Abates as Bitcoin Enters New Level of Support
Whale investors do not appear to be selling into the bitcoin rally, a sign of increasing confidence.
Crypto Developers Grew in Numbers Amid Bear Market, VC Firm Electric Capital Says
Developers are focusing on alternative ecosystems to Bitcoin and Ethereum, helping them grow faster, the VC firm said in a report.
Buyers From Coinbase Powered Bitcoin Higher, or Did They?
As bitcoin looks north, indicators paint a mixed picture of the major source of bullish pressures for the cryptocurrency.
First Mover Asia: Bitcoin Tops $21.3K as Cryptos' 2023 Feel-Good Story Continues
ALSO: Sam Reynolds writes that the surge of FTX’s FTT Token is part of a trend in which investors send prices of certain tokens higher even as their projects fail or flounder.
Options Flip to Show Stronger Bitcoin Into July
The long-term sentiment has turned bullish with bitcoin showing its biggest weekly percentage gain in two years.
