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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 Asia: Terra’s Planetary Collapse Is Taking Down Crypto Lending, Altcoins Plummet
Data suggests that many traders are moving their assets from DeFi platforms; bitcoin rallies after falling below $26,000 in Thursday trading.
Market Wrap: Bitcoin Stabilizes as Altcoins Underperform; Expect More Volatility
Analysts expect greater price swings because of macroeconomic risks and ongoing stablecoin woes.
Bill Miller Sold Some of His Bitcoin to Meet Margin Calls
The longtime bitcoin bull remains so, reminding that he has held the crypto through three 80% drawdowns.
What Are BIPs and Why Do They Matter?
Since Bitcoin doesn't have centralized leadership, Bitcoin Improvement Proposals are essential for the community to discuss and approve any upgrades.
Bitcoin Holding Support Above $27K; Resistance at $35K-$40K
BTC is oversold and could see a short-term relief bounce.
Terra’s LUNA Sacrifice; Australian Crypto ETFs Launch
Terra sacrifices LUNA to save UST peg. Crypto market tumbles in response to inflation data and Terra fiasco. Australia’s first Bitcoin and Ethereum spot ETFs go live. South Korea hopes to institutionalize crypto by 2024. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
Brazil’s Largest Brokerage, XP, Set to Launch Crypto Trading Feature
Built on Nasdaq's trading technology, the platform will allow users to buy bitcoin and ether.
Global Crypto Regulatory Body Is Coming Soon, Says Top Official
A joint body to coordinate efforts at regulating crypto at the global level could become a reality in the next year, according to IOSCO chair Ashley Alder.
First Mover Americas: BTC Drops to 2020 Levels of $25K; Tether Loses $1 Peg
The latest moves in crypto markets in context for May 12, 2022.
