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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 Stalls as Contagion Hits Zipmex, Vauld. Will Ethereum's Merge Fix This?
Bitcoin is having its best week since March, but with the Federal Reserve still in inflation-fighting mode it seems like the only thing that can really get traders juiced up is the upcoming Ethereum Merge.
Bank of America Survey's Extreme Pessimism Might Be Contrarian Indicator
Bank of America's monthly fund manager survey, conducted between July 8 and July 15, shows dire levels of investor pessimism and increased preference for cash.
Market Wrap: Bitcoin Climbs Closer to 50-Day Simple Moving Average
Some analysts believe BTC’s consolidation above the SMA could propel the cryptocurrency’s recovery.
Tesla Sold $936M Worth of Bitcoin in Second Quarter
The price of bitcoin fell about 1.7% following the news but regained its losses after CEO Elon Musk said Tesla was open to boosting its bitcoin exposure in the future.
The Credit Crunch Is Not the End of Crypto Lending
It is a mistake to view bitcoin’s success as a trade-off against the creation of credit. Its future depends on it, says our columnist, a partner at Castle Island Ventures.
Tesla May Take $460M Impairment Charge on Its Bitcoin Holdings for Q2, Analyst Says
The cryptocurrency's price fell significantly during the quarter.
Bitcoin’s Real Role Examined; 3AC’s Complex Ties Revealed
Report says Bitcoin users in emerging markets looking beyond investment. U.S. Senator Cynthia Lummis says vote on crypto bill unlikely this year. Sam Bankman-Fried says “moderately bad” deals okay during bailouts. Court documents show strong ties between 3AC and TPS Capital. Dubai scorches crypto winter with plans to support 40,000 metaverse jobs.
First Mover Americas: Bitcoin Nears $24K as Zipmex Suspends Withdrawals
The latest price moves in crypto markets in context for July 20, 2022.
Dogecoin, Bitcoin Lead Recovery Among Majors, But Some Analysts Warn of Selling Pressure
Despite the gains over the past few days, one analyst warned that investing in cryptocurrencies remains a “risky business.”
First Mover Asia: Dissecting Three Arrows Capital's Fall; Ethereum Merge Spurs Continued Market Gains
Thanks to the transparency of court documents, the public knows how much the beleaguered crypto hedge fund owes different creditors; ether has risen about 50% over the past week.
