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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 Declines Toward Support at $44K-$45K as Analysts Await Price Bounce
Some price-chart indicators show the potential for a short-term bounce if support holds.
Grayscale Adds Flexa’s AMP to DeFi Fund, Removes BNT, UMA in Quarterly Rebalancing
The world’s largest digital asset manager announced the updated weightings on Monday, following reconstitution of the CoinDesk DeFi Index (DFX).
First Mover Asia: Bitcoin Slips Under $46K as Volume Across Major Centralized Exchanges Remains Low
“It’s pretty much been choppy since that big drop in the beginning of December,” said Efficient Frontier’s Andrew Tu.
Bitcoin Compared to Ether, Solana and Doge
2022’s first Chart of the Day analyzes the movement of decentralized finance (DeFi) assets over the last seven days, looking closely at BTC, ETH, SOL, and DOGE compared to the CoinDesk DeFi Index (DFX). DeFi assets in the DFX started the new year off with a rally opposed to cryptocurrencies.
How Has Bitcoin Changed Since the Genesis Block 13 Years Ago?
Bitcoin's hashrate mints a new all-time high as the network celebrates its 13th anniversary of the Genesis Block. Quantum Economics analyst Jason Deane says 200x to 250x of hashrate could be added to the Bitcoin network in 2022. He also discusses the "astronomical" investment in mining equipment right now and his bullish predictions for 2022.
Salvadoran President Bukele Expects Bitcoin to Reach $100K This Year
El Salvador adopted bitcoin as an official currency last year.
El Salvador to Build New Stadium in Collaboration With China, Bukele Says
The president of the only country where bitcoin is legal tender tweeted the news on New Year’s Eve.
Market Wrap: Bitcoin Celebrates Birthday on Dull Note, Analysts Expect Sideways Trading
Bitcoin’s 13th birthday caused little cheer as the cryptocurrency remains stuck in a sideways range.
