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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
Ether Call Options Look Attractive Relative to Bitcoin as Volatility Spread Dwindles: Matrixport
The crypto services provider suggests collecting a premium by selling bitcoin call options and using the same to fund the purchase of ether calls.
First Mover Asia: Filecoin Struggles Amid China Exposure, Cost of Subsidy Concerns
A large footprint in China, which creates skepticism about data safety, and a heavy subsidy spend means Filecoin needs more than a token rally to be sustainable; bitcoin holds steady at $22.4K.
Yuga Labs' Bitcoin NFT Collection Fetches Top Bid of Nearly $160K
The company behind Bored Ape Yacht Club generated $16.5 million from its auction of 288 NFTs in its TwelveFold collection based on the Ordinals protocol.
Bitcoin Continues Trading Sideways at $22.4K as Silvergate Concerns Mount
BTC has traded in a narrow range since it dropped sharply last Thursday because Silvergate’s woes have grown increasingly apparent.
Bitcoin Mining Is Good for the Energy Grid and Good for the Environment
Bitcoin mining should be hailed as an effective tool for a lower emissions future, not demonized as a monkey wrench in the works.
Bitcoin, Ether Start the Week Slowly, With Fed’s Powell Testimony Looming
Cryptos’ declines last week appear to be a re-pricing of risk rather than an exit from the space.
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.
