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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 Protects Privacy and Fights Oppression
Central bank digital currencies, on the other hand, are financial surveillance on steroids. This op-ed is part a CoinDesk's Privacy Week. Murtaza Hussain is a national security reporter at The Intercept.
Bitcoin Miner Greenidge’s NY Power Plant Permit Delayed: Report
The decision by the state’s Department of Environmental Conservation will now come by the end of March.
State Senator Introduces Bill to Make Bitcoin Legal Tender in Arizona
The U.S. Constitution doesn't allow individual states to create their own legal tender, however.
Market Wrap: Bitcoin Stalls Below $40K, Analysts Point to Risks in DeFi
Some observers are concerned about a "crypto winter."
Bitcoin Holds Support Above $35K; Resistance Near $40K
BTC is stabilizing between $30K and $40K as oversold conditions remain intact.
Goldman Sachs: Bitcoin, Altcoins to Become More Correlated With Traditional Financial Market Variables
In a report Thursday, Goldman Sachs said mainstream crypto adoption can raise valuations but also raise correlations with other financial market variables, reducing the diversification benefits of holding digital assets. “The Hash” hosts dig into the report, discussing whether bitcoin moves in sync with the traditional markets.
Jefferies Sees Nearly 160% Upside for Marathon Digital's Shares
The firm started coverage with a buy rating and 12-month price target of $51.
