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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’s Up, Gold’s Down, the Euro Is Dragging – and It’s All Inexorably Tied
Bitcoin the inflation hedge; the prodigal child returns.
Market Wrap: Bitcoin Erases Weekly Losses, but Skepticism Remains
BTC climbed for a third consecutive day, breaking above $21,000, despite lingering doubts.
First Mover Americas: BTC Nears $21K but DeFi Tokens Steal the Show
The latest price moves in crypto markets in context for July 15, 2022.
Bitcoin Erases Weekly Loss, Eyes Resistance at $22.6K
Bitcoin has reached breakeven for the week, invalidating a major bearish technical setup.
DeFi Coins Outperform Bitcoin, Ether as Traders Pare Bets on Jumbo Fed Rate Hike
The outperformance of the DeFi coins could be fleeting, given the weak fundamentals.
First Mover Asia: It Won't Be Easy for Creditors to Untangle Three Arrows Case, Singapore Lawyer Says
The fallout continues from the crypto industry's slump, with fresh filings from Celsius, layoffs at OpenSea and a short squeeze in Voyager's tokens. PLUS: We talked to a Singapore-based lawyer about the Gordian knot that is the Three Arrows bankruptcy case.
Market Wrap: Bitcoin Surges as Fed Governor Talks Down 100 Basis Point Rate Hike
U.S. Federal Reserve Governor Christopher Waller said he supports hiking interest rates by 75 basis points in July, alleviating some fears of a 100 basis-point raise.
Crypto Traders Say Inflation Already Priced Into Bitcoin
“It’s the same old devastating and boring accumulation phase,” one observer said.
