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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
Core Scientific Sold More Bitcoin in July Than It Mined
The miner still holds 1,205 bitcoins and expects to continue to sell its mined coins to pay for expenses.
US Adds 528K Jobs in July, More Than Doubling Estimates; Bitcoin Dips
Investors are likely to expect the Federal Reserve to continue aggressively hiking interest rates in response.
First Mover Asia: Crypto's ‘Learn-on-the-Fly’ Ethos on Display as Bridge Hack Damage Reaches $2B
Bitcoin and ether kept sliding, but barely. Meanwhile, a corporate partnership announcement was enough to send Coinbase shares soaring (and short-sellers running for shelter).
Michael Saylor Lost Big in the Dot-Com Bubble and Bitcoin's Crash. Now He Aims to Rebound Again
After MicroStrategy’s stock collapsed in 2000, the now-former CEO flew under the radar. Crypto changed all that.
Rare Signal Hinting at Bitcoin Price Bottom Emerges
The bitcoin mining difficulty ribbon, a rare signal comprising short- and long-duration simple moving averages on mining difficulty, has compressed for the first time in over a year, suggesting bitcoin’s decline may be flattening and now is the best time to add exposure to the cryptocurrency.
Block Beats Q2 Estimates but Bitcoin Revenues Fall
Despite beating projections, the payments company said its overall revenue fell because of a decrease in bitcoin revenue.
Market Wrap: Bitcoin Falls on Lower Volume and Decreased Volatility
BTC's "average true range" shows that markets have become calm.
BTCS CEO: Ethereum Could be Crypto’s ‘Silver Lining’
Ether (ETH) is up over 40% in the past month, outperforming bitcoin (BTC) and other major cryptos. BTCS Inc. Chief Executive Officer Charles Allen discusses the potential factors behind the ETH rally and its impact on the overall markets. “I think Ethereum could definitely be a silver lining here,” Allen said.
First Mover Americas: Bitcoin Unaffected by Bank of England's Super-Size Interest-Rate Hike
The latest price moves in crypto markets in context for Aug. 4, 2022.
