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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
Market Wrap: Crypto Traders Reduce Leverage, Selling Pressure Subsides
Analysts expect cryptocurrencies to stabilize given signs of healthier market conditions.
How to Stay Sane During a Crypto Crash
Crypto longtimers are unfazed by bitcoin’s recent 38% drop. Here’s why they’re so zen – and how to find your own happy place.
Bitcoin Oversold Within Downtrend; Resistance at $45K
Upside is limited as long-term technical indicators turned negative.
JPMorgan Sees More Crypto Adoption in 2022, Debates Bitcoin’s Status as Store of Value
The investment bank also continues to rate crypto exchange Coinbase as a buy.
Kazakh Mining Slide Offers Lesson for US Lawmakers
Cracking down on US bitcoin miners for their energy use would have perverse consequences, says CoinDesk’s chief content officer.
Turkish Lira Is Now More Volatile Than Bitcoin
The lira nosedived in the final quarter of 2021 as Turkey cut interest rates amid high inflation.
Ether Sees Higher Liquidations Than Bitcoin After Falling Under $3.2K
Nearly $160 million in ether long positions were liquidated.
Bitcoin Slips to 3-Month Low, Analysts Divided on Impact of Fed’s Tightening
The fears of the Fed’s tightening leading to a prolonged bear market in stocks and digital assets might be overblown, one observer said.
First Mover Asia: Bitcoin Stabilizes Near $43K as Layer 1 Tokens Attract Attention
ONE, FTM, ATOM and NEAR quickly turned green despite Wednesday’s broader market sell-off.
