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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
Long-Term Buyers Unfazed by Bitcoin's Recent Drop to $33K
A metric tracking long-term holders suggests investors have continued to accumulate the asset despite a falling price.
First Mover Asia: Crypto Prices Plunge Late After Weak Meta Earnings
Bitcoin and ether fell sharply after the company formerly known as Facebook said its virtual/augmented reality division lost $10 billion in 2021.
Market Wrap: Bitcoin Bounce Pauses on Low Volume
Buyers are taking a breather, awaiting a catalyst that could push prices higher or lower.
Paradigm Offering 'Futures Spread Orderbooks' on Deribit and Bybit
Futures spread trading is considered less risky compared with futures contracts but there are still risks.
Coinbase, Genesis Highlight Massive Institutional Growth at MicroStrategy Conference
More retailers are interested in NFTs, and that can lead them to hold more crypto in their treasuries, says Coinbase Institutional's chief.
Fed's Hawkish Pivot May Not Last, Bitcoin Analysts Say
The Fed might not act as decisively in tightening monetary policy if financial stability concerns start to outweigh the risk of fast inflation.
Bitcoin Slides Below $38K, Support Is Above $35K
The pullback could continue into the trading day in Asia.
Greenidge Q4 Revenue Rises Even as the Number of Coins Mined Falls
The number of mined bitcoins fell 16% from the previous quarter while hashrate rose 17%.
SEC Asks Bitwise to Address Concerns About Proposed Spot Bitcoin ETF
The regulator’s concerns include possible share manipulation and liquidity.
First Mover Asia: Crypto Prices Rise With Investors' Appetite for Risk
Bitcoin and most major altcoins were in the green, although trading was lighter than on Monday.
