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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
Six of 10 Salvadorans Quit Using the Chivo Wallet After Getting the Bitcoin Incentive, Study Finds
“Most users who used Chivo after spending the $30 bonus do not engage with the app intensively,” the U.S. National Bureau of Economic Research reported.
First Mover Asia: Spot Bitcoin ETFs Are Launching in Australia but Elsewhere They Face Brutal Fund Outflows
Australia follows a lengthy list of spot bitcoin issuances in Europe and Canada, but these products come at a challenging time for crypto; bitcoin and ether drop.
Crypto Market's Direction During a Recession Might Depend on Nasdaq
Analysts say as the broader stock market goes, so goes bitcoin when recession hits.
Chainalysis: Bitcoin Less Than 25% of All Cryptocurrencies Stolen by DPRK
Bitcoin accounts for less than a quarter of all cryptocurrencies stolen by North Korea, according to Chainalysis. This comes in light of North Korea’s recent hack of $625 million from Axie Infinity’s Ronin network. How does the security of the Bitcoin blockchain compare with its competitors? “All About Bitcoin” host Christine Lee breaks down the Chart of the Day.
SkyBridge Capital’s Anthony Scaramucci on the Future of Bitcoin
Anthony “The Mooch” Scaramucci, founder of SkyBridge Capital and the SALT Conference, joins “All About Bitcoin” live from Crypto Bahamas to discuss the future of bitcoin, his firm’s investments, Twitter accepting Musk’s $44 billion deal and more.
Market Wrap: Cryptos and Stocks Fall; Bitcoin Trades Below $40K
Sentiment among crypto traders remains mixed.
Lightning Payments Come to Mobile Games, Fueling Bitcoin Adoption
THNDR CEO Des Dickerson sees gaming as fertile ground for layer 2 payments and a big avenue for bringing new Bitcoiners into the fold. This piece is part of CoinDesk's Payments Week.
Fidelity Will Offer Bitcoin Inclusion in its 401(k) Accounts
U.S.-based financial services firm Fidelity Investments will allow investors to put bitcoin (BTC) into their 401(k) retirement savings accounts later this year, bringing crypto exposure to traditional investors. “The Hash” group discusses the impact this could have on crypto-native firms like NYDIG and Coinbase, bitcoin’s use case as an inflation hedge and best practices for investing in crypto.
Bitcoin Slips Toward $38K After Rally Fizzles
Russia's suspension of gas supplies to Poland appeared to darken the largest cryptocurrency's failed attempt to hold gains above $40K, market analysts say.
