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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
DA Davidson Cuts Miner Stronghold’s Target by 40% Ahead of Earnings
The stock is still “super cheap” compared to other mining peers, analyst says.
MicroStrategy Unit Gets $205M Collateral Loan From Silvergate to Buy Bitcoin
The term loan can also be used for general corporate purposes.
Bitcoin Nears 200-Day Average Ahead of Seasonally Bullish Period, Triggers Over $400M in Liquidations
There is continued buying support from Terra’s Luna Foundation Guard, one observer said.
Book Excerpt: 3 Stories of Bitcoin Changing Lives Outside the 'Dollar Bubble'
Alex Gladstein describes how Bitcoin offered entrepreneurs in Nigeria, Sudan and Ethiopia a much-needed, financial resource for helping their families and communities throughout their countries.
First Mover Asia: Why Japan, China and Other Regional Powers Still Put Their Faith in T-Bills, Gold; Cryptos Climb Higher
Some observers viewed bitcoin as ushering in a new era of financial sovereignty amid growing uncertainty about long-term U.S. economic dominance globally, but many countries are still investing in gold and U.S. Treasury bills.
Market Wrap: Bitcoin Rallies as Crypto Holders Accumulate
Crypto prices are rising after the Luna Foundation Guard purchased $1 billion worth of BTC.
Abra CEO on Why He Thinks ETH Will Eventually Overtake BTC
Abra CEO Bill Barhydt explains why ether could overtake bitcoin following its upgrade to a proof-of-stake mechanism, highlighting the many use cases for the Ethereum network, ranging from NFTs to DeFi applications. Plus, a conversation about crypto leaving centralized exchanges and Abra’s digital asset lending programs.
Bitcoin Eyes Next Resistance Level at $53K
Traders are calling for an extended move to the higher side as bitcoin breaks above $47,000. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day as analysts suggest a triangle breakout could open up upside toward resistance at $53,000.
What’s Driving Bitcoin’s Climb to Nearly $50K?
Josh Olszewicz of Valkyrie discusses several possible catalysts for BTC’s climb above $47,000, noting Terra’s $135 million in bitcoin purchase to back its stablecoin. Plus, a discussion about bitcoin’s price correlation with the S&P 500 index.