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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 Holds Above $41K as Hashrate Surged to All-Time High
The network hit 248.11 million terahashes per second on Saturday.
First Mover Asia: Bitcoin Inches Upward in Sunday Trading
But the largest cryptocurrency by market cap was way way off last week's levels amid light weekend trading and escalating tensions about a possible war with Russia; ether and most other major cryptos dropped.
You’re Not Imagining It, Markets Really Are Thinner Now
It doesn’t take as much to move prices as it once did.
Market Wrap: Cryptocurrencies and Stocks Drop as Russia-Ukraine Tensions Rise
Geopolitical risks shook markets on Friday as BTC dipped below $43K.
Bitcoin Drops Below $43K; Support at $35K-$40K
Technical indicators are neutral, although oversold conditions could keep short-term buyers active.
Who Will Get Bitcoin Back After Feds Seized $3.6B From 2016 Bitfinex Hack?
U.S. federal officials seized $3.6 billion in bitcoin tied to the 2016 hack of crypto exchange Bitfinex, but who walks away with the funds? CoinDesk's Nikhilesh De explores the possible recipients in the latest guessing game capturing the crypto space. Plus, what regulatory news he's continuing to watch.
Bitcoin Regains $43.5K as Funds Predict Bullish Month for Crypto
Still, major cryptocurrencies remained lower as global markets extended Thursday's slide.
SOL, XRP Lead Altcoin Tumble as US Inflation Jumps to 40-Year High
Major altcoins could see further declines if they lose important support levels, traders said.
First Mover Asia: Bitcoin Drops With Stocks After Fed Official's Hawkish Remarks
After soaring past $45,000, the cryptocurrency fell to under $44,000; ether and other major altcoins were in the red.
