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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
The BlackRock Trust: Crypto Legitimacy or the Beginning of the End for Bitcoin?
BTC’s anarchic beginnings are betrayed and legitimized by the world’s largest asset manager.
First Mover Americas: Fifth Day of Declining Bitcoin Price Has Some Traders Looking Out Below
The latest price moves in crypto markets in context for Aug. 18, 2022.
Bitcoin Loses Bullish Trendline as Fed Sees Restrictive Rates Needed for Some Time
Increasing and elevated rates are headwinds for bitcoin, one researcher said.
Bitcoin Mining Rig Maker Canaan Sees 'Prolonged Headwinds' After Challenging Quarter
CEO Nangeng Zhang cited a slumping bitcoin price and COVID-19 lockdowns in China.
First Mover Asia: Celsius Token Price Rise Pegged to Market Dynamics Rather Than Fundamentals; BTC Retreats Again
The price of the troubled crypto lending platform's CEL has been rising, to many observers' puzzlement; ether falls.
Market Wrap: Bitcoin, Ether Prices Slide for Fourth Consecutive Day
Traditional markets were mixed on sluggish July U.S. retail sales.
Why Bitcoin Traders Should Care About Double-Digit Inflation in UK
The Bank of England may raise interest rates more aggressively, which could result in a weaker dollar and higher prices in the U.S.
Bitcoin, Ether Drop as Analysts Fear Fed Minutes Will Dash Hopes for 2023 Easing
Risk assets recently rallied in hopes that inflation has peaked and the Fed would cut interest rates next year. The central bank's monetary tightening has roiled cryptocurrencies.
