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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
Market Wrap: Crypto Markets Take Quieter Ride Following Thursday’s Roller Coaster
Prices are relatively flat across the board following a tumultuous week of discouraging economic indicators.
Bitcoin Outlook After Sinking to 4-Month Low
Bitcoin rebounded Friday, defying consensus for a continued slide in the wake of hotter-than-expected U.S. inflation data, but industry experts aren't sure if the recovery has legs. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
Bitcoin Steady Above $19K Even as Stocks Give Back Thursday’s Wild Gains
BTC was holding at around $19,300, though traditional markets slid on Friday following the release of earnings reports from major banks.
Bitcoin Services Firm NYDIG Lays Off About 33% of Staff
Bitcoin services company NYDIG has laid off around 100 people, according to four people familiar with the matter. "The Hash" panel discusses the latest in a string of industry-wide layoffs and what this suggests about the state of the crypto markets.
Why Did Crypto Surge After Bad Inflation News?
Thursday’s ludicrous price action across asset markets shows just how weird things can get when the Federal Reserve is driving the bus.
Bitcoin Gaming and Payments Company ZEBEDEE Launches New Open Source Bitcoin Initiative
The initiative has already cranked out four Lightning-related projects on GitHub.
First Mover Americas: Bitcoin Rebounds to $19.6K, Ether Up 6%
The latest price moves in crypto markets in context for Oct. 14, 2022.
Bitcoin Unlikely to See Notable Recovery After Thursday's Short Squeeze: Traders
Treasury yields remain elevated after the U.S. CPI, offering a reality check to risky assets, including cryptocurrencies.
