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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 Climbs Past $30K, but Bearish Sentiment Remains
Cryptos were largely in the green, although trading was choppy; India crypto investors receive some upbeat news.
Riot Blockchain Sells More Bitcoin, Trims Hashrate Guidance
It’s the miner’s third consecutive month of bitcoin sales.
Market Wrap: Cryptos Mixed Amid Choppy Trading, Bitcoin Activity Slows
The drop in activity on the blockchain is similar to what occurred during the 2018 bear market.
Kanye West Files NFT Trademark Applications, Showing Change of Heart
Kanye West filed NFT trademark applications with the United States Patent and Trademark Office on May 27, despite his criticism on digital art collectibles earlier this year. "The Hash" panel discusses the artist's change of attitude and what it means for celebrities to enter the NFT world.
Chipotle Now Takes Crypto Payments
Chipotle announces that they will be taking cryptocurrency as payments, in partnership with digital payments platform Flexa. "The Hash" panel discusses what vendors' acceptance of crypto payment means and its impact on the market and regulations.
Bitcoin Stabilizes in Tight Trading Range, Resistance at $33K
BTC continues to trade around a midpoint of $30,000 as indicators remain neutral.
Gemini Cuts 10% of Staff, Blames Crypto Winter
Crypto exchange Gemini said that it will lay off about 10% of its employees due to “turbulent market conditions that are likely to persist for some time.” Paul Eisma, XBTO Group head of trading, discusses his outlook on the crypto markets as bitcoin (BTC) struggles to hold above $30,000.
Singapore’s Crypto Warning; Bitcoin Takes a Tumble
Singapore’s deputy Prime Minister reiterates warning against retail investment in crypto. More crypto crime in South Korea as police arrest man for stealing $700,000 from Naver’s Band users. Bitcoin drops below $30,000 on wider market concerns over inflation and the economic outlook. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."