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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 Flirts With $23.4K as Fed's Powell Repeats Comment About Waning Inflation; Market Weighs DCG-Genesis Deal With Creditors
ALSO: Stakeholders in the venture capital industry explain why embattled crypto trading firm Alameda Research will not be missed.
Crypto Markets Analysis: Decline in Bitcoin Transfers Underlines Investor Optimism
Declines in net transfer volume suggest investors are holding on to their BTC.
Bitcoin Rises to $23.3K as Jerome Powell Repeats 'Disinflationary Process' Comment
The Fed chair spoke days after the central bank last hiked interest rates.
Bitcoin On-Chain Metrics Look Bullish, Bitfinex Report Highlights
The supply “in profit,” a measure of market sentiment, has risen 20% since January.
First Mover Americas: The Graph’s GRT Soars 92% in 7 Days
The latest price moves in crypto markets in context for Feb. 7, 2023.
The Ordinals Protocol Has Caused a Resurgence in Bitcoin Development
The probability of NFTS fueling bitcoin’s next bull run cannot be ignored, the report said.
First Mover Asia: Crypto Is Flat Before Fed Chair Speech; Japan's SBI Building a Metamask Competitor for Yen-Denominated NFT Trading
Crypto trading is largely denominated in USD, but the U.S. isn't the center of the digital assets world.
Bitcoin Holds Steady Near $23K as Investors Weigh Their Next Steps
Ether also traded sideways to change hands at about $1,635. Equities declined.
Bitcoin Has Jumped 35% In Past Month
Andre Portilho, Head of Digital Assets at Brazilian Investment Bank BTG Pactual, discusses his outlook for bitcoin (BTC) as the cryptocurrency hovers around $23,000 after its rally in January. Plus, the future of bitcoin development and adoption.
Bitcoin Network's Block Size Outlook
New Fundstrat data shows Bitcoin's mean block size has increased since the Ordinals protocol, which allows for NFTs to be stored on Bitcoin's blockchain, started to gain traction towards the end of January. Separately, the Bitcoin Lightning Network has reached an all-time high in terms of capacity, or the amount of bitcoin locked in payment channels, according to The Block. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
