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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
Bitmain Adds Liquid Cooling Technology to Its Latest Bitcoin Mining Rigs
Antminer S19 Pro+ Hyd. will deliver 198 terahashes per second (TH/s) of computing power, a 41% increase from Bitmain’s previous model S19 XP.
Technical Indicator Points to Bitcoin Price Bounce
The impending bearish moving-average crossover on the weekly chart has proven to be a contrary indicator in the past.
Majority of JPMorgan Clients Expect Bitcoin to Trade at $60K or More by Year-End
45% of the banking giant's clients see bitcoin trading at or under $40,000.
Case for Bitcoin Bottom Near $40K Is Weak as Institutions Stay Away
One observer said traders may be better off trading bitcoin volatility than taking directional bets.
Fidelity: ‘Countries That Secure Some Bitcoin Today Will Be Better Off Than Their Peers’
Even if a country doesn’t agree with the fundamentals of bitcoin, it will be forced to acquire some as a form of insurance, Fidelity wrote in a recent report.
First Mover Asia: Bitcoin Continues Its Sluggishness Amid Darkening Economic Signs
Investors are looking for indications the largest cryptocurrency by market capitalization has reached a bottom point and is ready to rebound; ether's price was roughly flat over the weekend.
Derivatives Data Shows Softening Crypto Enthusiasm
The wind seems to be out of crypto’s sails for now.
Strike App Won’t Support Bitcoin in Argentina
The company trumpeted its expansion into Argentina earlier this week, but the Lightning Network-powered app is only supporting Tether’s stablecoin in the country.
Market Wrap: Bitcoin Trading Volume Dips; Dogecoin Rallies
DOGE is up 20% over the past week, compared to a 3% rise in BTC.
Bitcoin Price: Still Room to Fall?
Bitcoin's price could continue to fall as the "death cross" pattern looms on its daily charts by some estimates. "All About Bitcoin" discusses BTC's possible outcomes next week and short-term signals to watch. Plus, an update on the state of crypto adoption in Rio de Janeiro, Brazil, as the city plans to invest 1% of its treasury into bitcoin.
