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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
Bitcoin Nonprofit ₿trust Launches Africa Open Source Cohort; Names First Developer
Jay-Z and Jack Dorsey-funded Bitcoin non-profit picked Vladimir Fomene, who will contribute to the Bitcoin Development Kit and the Swahili Wordlist.
ECB Exits Negative Interest Rate Policy With 50 Basis Point Hike; Bitcoin Steady
The European Central Bank's first rate hike since 2011 comes four months after the Fed kicked off its tightening cycle, sending risk assets lower.
How Two Asset Managers Are Handling 2022’s Crypto Volatility
Risk-mitigated approaches to crypto could offer the benefits of holding it but with less downside
The Case for Investing in Bitcoin During Crypto Winter
The cryptocurrency still has an important role in a diversified portfolio.
JPMorgan Sees Crypto Retail Demand Improving, End of 'Intense' Deleveraging Phase
Improved investor sentiment and increased demand ahead of the Ethereum Merge has sparked a market recovery, according to the bank.
Bitcoin Slips Below $23K Ahead of ECB Rate Decision
The central bank is likely to signal an exit from its negative interest rate policy.
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.
