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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
Bitcoin Suffers Largest Daily Plunge Since November to Sink Below $22.6K as Fed Meeting Looms
The largest cryptocurrency by market capitalization was recently down over 4.5% amid ongoing worries about inflation and the size of the next interest rate hike.
Crypto Markets Today: Bitcoin Dips Below $23K Ahead of Fed’s Meeting
Also: The Sandbox’s SAND token surges ahead of its token unlock. Equities close lower.
Crypto Markets Analysis: Bitcoin 'Whale' Deposits on Exchanges Surpass Withdrawals
Holders of large amounts of bitcoin may be looking to take early profits, which could send the price lower – although probably not enough to rock markets.
The Debate Over NFTs on Bitcoin
"The Hash" panel discusses the debate around a newly-launched NFT protocol on Bitcoin and what this will mean for the Bitcoin ecosystem.
Investors Pump Money Into Crypto Funds Amid Pickup in Market Sentiment
Bitcoin dominated this week's inflows, accounting for almost all of the $117 million coming in.
Jailed Kickboxer Andrew Tate Promoted Bitcoin for Tax Avoidance in Video
The video of Andrew Tate, who was 2022's eighth-most Googled person, was published by popular YouTube personality and criminal lawyer Bruce Rivers earlier this month. But the strategy Tate touted for bitcoin tax avoidance would likely run afoul of the law in many jurisdictions.
First Mover Americas: Bitcoin Was Weekend Warrior
The latest price moves in crypto markets in context for Jan. 30, 2023.
First Mover Asia: Amazon’s Web3 Foray Will Be a Compliance Nightmare; Bitcoin Tops $23.9K
The retail giant’s initiative, especially in NFTs, may force some regulatory clarity for digital assets. Cryptos surge in Sunday trading.
Crypto Markets Today: Bitcoin Holds Steady Above $23K, White House Urges Congress to 'Step Up' Crypto Regulation
Also: Polygon’s MATIC token gained 8%, while Arbitrum-based decentralized trading platform Vela Exchange's DXP token surged 26%. Equities closed up.
