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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 Asia: Bitcoin Opens the Week Testing $25K
ALSO: Hong Kong unveils its crypto licensing framework for Virtual Asset Service Providers in June, but the regulation will not allow retail investors to trade digital, contrary to what a recent tweet suggests. The regulation focuses on accredited, professional investors.
Bitcoin Soars, Then Retreats: What’s Behind This Week’s Roller Coaster? What’s Ahead?
Its Thursday retreat notwithstanding, bitcoin has surged about 13% over the past seven days. The spike reflects investor optimism, although macroeconomic concerns remain.
Crypto Markets Analysis: Bitcoin, Ether Hold Mid-Week Gains; Crypto Exchange Token OKB Outperforms
The announcement of a new blockchain following the earlier release of a proof-of-reserves report pushed OKB higher. BTC and ETH benefited from short covering.
Bitcoin NFTs Challenge the Blockchain’s Largest Use Case: Money
The Bitcoin community has been abuzz with conversations around how Ordinal Inscriptions could signal a technical improvement to NFTs. But the increased fees and transaction speeds associated with them could stifle Bitcoin’s primary use case as a medium of exchange.
First Mover Americas: SEC Suing Do Kwon for Misleading Investors
The latest price moves in crypto markets in context for Feb. 17, 2023.
First Mover Asia: Crypto Momentum Falters as Bitcoin Retreats to $23.6K
ALSO: Sam Reynolds considers a rising trend of crypto startups postponing their token launches, part of the fallout from the collapse of crypto exchange FTX and its trading arm Alameda Research.
What Fat Tails and Revolutionary Ages Mean for Digital Assets
There are over 20,000 cryptocurrencies in existence. But if history is our guide, only a handful of them will drive the majority of wealth creation.
Bitcoin Jumps Past $25K for First Time Since August
The largest cryptocurrency by market capitalization continued its momentum from Wednesday.
