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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
Do Not Invest in Non-Bitcoin Crypto: NYDIG's Ross Stevens on FTX
NYDIG has consistently passed on opportunities to partner with the likes of FTX, as well as Three Arrows, BlockFi, Celsius and others of their ilk, said the chairman.
Bitcoin Slides Anew After FTX Bankruptcy Filing
The CoinDesk Market Index (CMI) dropped 3.3% during early U.S. trading hours on Friday.
Crypto-Linked Stocks Tumble After FTX Files for Bankruptcy
Bitcoin and ether both fell about 6% following the Chapter 11 filing Friday morning.
Matrixport's BTC Fixed Income Product Affected by FTX's Collapse
The firm faces no risks of insolvency, Matrixport's spokesperson told CoinDesk.
First Mover Americas: FTX’s Empire Is Crumbling
The latest price moves in crypto markets in context for Nov. 11, 2022.
India's Enforcement Directorate Freezes $2.5M More Crypto in Gaming App E-Nuggets Case
The total value of frozen or seized assets in the case is about $8.4 million.
First Mover Asia: Possible Legal Filings Could Clarify FTX’s Relationship to Alameda; Bitcoin Hovers Near $17K
Possible legal filings could show how intertwined FTX and its sister company were, even as CEO Sam Bankman-Fried follows through on his promise to shutter Alameda.
Market Wrap: Cryptos Recover Slightly From FTX Fatigue With a Dose of Encouraging Inflation Data
Bitcoin, ether and other major altcoins regained lost ground amid fallout from the crypto exchange’s unraveling after an unexpected decline in the consumer price index.
Crypto's Sharp Declines in Price, Trading Volatility Could Be Worse
Contagion fears still exist, however, and regulators are look ready to sharpen their focus on crypto.
