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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 Americas: Hashed Takes $3.5B Hit on LUNA as Bitcoin Trades Under $30K
The latest moves in crypto markets in context for May 19, 2022.
Solana, Cardano Tokens Slide Over 9% as Cryptos See Weakness Amid Poor US Consumer Data
Bitcoin lost support at $30,000 as Chinese tech stocks sold off on earnings worries a day after hawkish comments from the U.S. Federal Reserve.
First Mover Asia: Pine Wants to Test the Liquidity of the NFT Market; Cryptos Are Well-Red
The number of users on NFT markets is at its lowest point this year, but still higher than in 2021. The crypto lending platform sees an opportunity.
Market Wrap: Bitcoin Dips, Stocks Plummet as Volatility Spikes
Traders continue to hedge against further price declines.
Bitcoin Struggles to Hold Support at $27K-$30K
BTC is testing an important support zone, although long-term momentum remains weak.
First Mover Americas: Bitcoin Back Below $30K as Target's Earnings Miss Shows Effects of Inflation
The latest moves in crypto markets in context for May 18, 2022.
Bitcoin, Major Cryptos Slide as Markets Digest Hawkish Powell Remarks
A day after the Fed chair pledged to keep tightening monetary conditions until inflation comes down, analysts and traders from crypto to stocks and futures were assessing the economic impact – from higher mortgage rates to lower company earnings.
