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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: Binance BNB Token Plunges, Bitcoin Holds Near $21.8K Amid US Regulatory Uproar
ALSO: U.S. financial regulators' recent crackdown on Binance's BUSD stablecoin and other recent events underscore why Asia is a more likely global hub for digital assets.
Crypto Markets Analysis: Bitcoin Funding Rates Shift Into Negative Territory Amid Rising Investor Caution
Negative funding rates reflect bearish sentiment. .
Bitcoin, Ether Drop as Investors Fret Over Inflation Data, Stablecoin Regulation
The largest cryptocurrency by market value continued to linger below $22,000. Ether fell below $1,500.
Grayscale’s GBTC Discount Widens to Near-Record High
Shares of the bitcoin trust are selling at a 47% discount to its net asset value. The discount has been increasing over the past week.
First Mover Americas: Paxos Acts on Regulator Threat
The latest price moves in crypto markets in context for Feb. 13, 2023.
Correlation Between Crypto Market and Nasdaq Turns Positive Ahead of US CPI Release
Observers expect Tuesday's U.S. CPI report to show continued disinflation in the world's largest economy.
First Mover Asia: Bitcoin Might Test $20K as It Looks for Support
ALSO: The SEC's move on Kraken's staking program last week shouldn't be seen as an indictment of staking as a whole.
I’m Glad There Are No Crypto Super Bowl Ads: Here’s Why
Sportswashing and crypto company hubris are no longer in play this year. And that's a good thing.
