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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 Pullback Deepens, Support at $37K
BTC's current pullback is similar to what occurred in September of last year, albeit with weak price momentum.
Fort Worth to Become First US City to Mine Bitcoin
The Texas city will begin a pilot project with three Antminer S9 mining rigs following a vote by the city council on Tuesday.
First Mover Americas: Bitcoin's Price Bounce Stalls; Options 'Max Pain' in Focus
The latest moves in crypto markets in context for April 26, 2022.
The Lightning Network Is Bringing Payments Back to Bitcoin
The Lightning Network, which enables small and instant bitcoin payments, is getting bigger and more useful. Here's a state of play. This piece is part of CoinDesk's Payments Week.
Bitcoin's Correlation With Gold-Backed PAXG Token Weakens to Record Low
Bitcoin's inverse correlation with PAXG represents the leading cryptocurrency's recent behavior as a risk asset rather than a store of value.
Fidelity Investments Will Offer Bitcoin Inclusion in Its 401(k) Accounts
Investors can use part of their savings to invest in the world’s largest cryptocurrency, if their employers allow.
First Mover Asia: Slow Start to the Week for Crypto as China Lockdowns Drag on Stocks, S&P 500
Major equity markets in Asia have declined significantly in recent months, and bitcoin has followed a similar pattern.
‘Death Cross’ on the Horizon for BTC?
Bitcoin’s bear market might have plenty of steam left as technical analysis indicates an impending “death cross,” when the 50-candle simple moving average crosses below the 200-candle simple moving average. Plus, comparisons with BTC price action from mid-November 2018 and mid-December 2014 as “All About Bitcoin” host Christine Lee presents the “Chart of the Day.”
BTC Slips Below $40K, Musk Confirms Twitter Acquisition
Dexterity Capital Managing Partner Michael Safai shares his bitcoin price outlook as it slips below $40,000 alongside the global equities markets. Plus, why Safai is optimistic about certain altcoins like Monero and Luna, and comments on Elon Musk reaching a deal with Twitter to purchase the platform for $44 billion.