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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: For the Metaverse to Be a $13T Opportunity, Much Has to Change; Bitcoin Rises Late Past $31K
A Citi report makes a bold prediction, but major metaverse platforms are struggling to attract committed users; altcoins are mixed.
Market Wrap: Bitcoin Close to $30K as Investors Search for a Bottom
BTC is down by 34% so far this year and is approaching the middle or late stage of a bear market, according to some indicators.
Bitcoin Choppy Around $30K, Support at $25K-$27K
Price bounces have been short-lived, indicating a loss of buying strength.
New Research Reveals Insights Into Bitcoin’s Formative Years
A new academic paper claims that Bitcoin in its first two years was more centralized and fragile than has been widely thought. “The Hash” team discusses their key takeaways from the study and why it likely has little relevance to the current Bitcoin network.
Bitcoin Falls Below $30K as Bullish Momentum Wanes
Bitcoin tumbles back below $30,000 amid liquidity pressure. TradeStation Group VP of Market Intelligence David Russel discusses his crypto markets analysis and outlook. Plus, his take on S&P 500, Chinese stocks, their impact on the global crypto markets and the rising recession risks.
First Mover Americas: Bitcoin Dumps Below $30K as Morgan Stanley Calls Out Liquidity Pressures
The latest moves in crypto markets in context for June 7, 2022.
Bitcoin Tumbles Back Below $30K as Bullish Momentum Wanes
Over $200 million in positions have been liquidated following a second sharp drop for bitcoin in seven days.
Even Giants Started Out Small: Cooperation and the Early Days of Bitcoin
What the new Baylor Bitcoin study really says (and what it really doesn’t) about Satoshi & Co.
The Decentralized Mystique
New academic research on Bitcoin’s early years undermines its foundational myths of privacy through pseudonymity and decentralization, Jaron Lanier and Glen Weyl write.
