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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
Fidelity CEO Talks Including Bitcoin in 401(k) Accounts
Fidelity announced that it will allow investors to put bitcoin (BTC) into their 401(k) retirement savings accounts later this year. CEO Abby Johnson discusses the rollout, bitcoin mining and outlook on “frictionless capital markets.”
Fidelity’s Abby Johnson on the Future of Crypto Regulation
Fidelity Chairman and CEO Abby Johnson discusses the need for regulatory clarity around digital assets and what’s ahead in the world of crypto regulation.
Abby Johnson on Fidelity's Business Model Amid Crypto Winter
Chairman and CEO of Fidelity Investments Abby Johnson shares insights into Fidelity's customer-focused business method and why it works amid the current downturn in the crypto markets.
Fidelity Investments CEO on Bitcoin’s Impact on Legacy Finance
Abby Johnson, chairman and CEO of Fidelity Investments, discusses Bitcoin’s “clean slate approach” to legacy finance and how it offers a “radical new view” on moving money and storing wealth.
Market Wrap: Bitcoin and Stocks Drop; Analysts See Risk of Further Downside
Bitcoin could approach lower support at $25K-$27K with greater price volatility.
First Mover Americas: Bitcoin Slips Below $30K as Inflation Hits New Four-Decade High
The latest moves in crypto markets in context for June 10, 2022.
Inflation Unexpectedly Reaccelerated to 8.6% in May, Hitting a Fresh 4-Decade High
Bitcoin dipped about $500 on the news, trading around the $29,500 level in the minutes following the CPI report.
Bitcoin Sees Weakness Ahead of CPI Report; Cardano, Solana Lead Fall in Major Cryptos
Crypto market capitalization fell 2.3% in the past 24 hours as bitcoin rose and then lost a pivotal support level at $30,000.
First Mover Asia: Ethereum’s Ropsten ‘Merge’ Prompts Mixed Analyst Sentiment; Bitcoin Is Flat
Some observers question whether Ethereum can stay relevant after switching from a proof-of-work model, but others are upbeat about the shift to a proof-of-stake design; cryptos have a mixed day.
