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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
What Was the Catalyst for the Crypto Market Weekend Plunge?
Bitcoin is recovering after dropping nearly $10,000 in roughly an hour Saturday to as low as around $42,000. GlobalBlock CEO Rufus Round discusses the potential factors that contributed to the weekend plunge in the crypto markets.
Ether-Bitcoin Ratio Rises to 3 1/2-Year High as Crypto Crashed
Bitcoin tanked last week, pulling the broader crypto market lower. Meanwhile, the ether-bitcoin ratio rose 13%, reaching a three-and-a-half-year high and registering its best weekly performance since May. Is the "flippening" approaching? "The Hash" panel discusses the potential factors behind the crazy crypto markets' action.
Gemini to Allow Crypto Trading in Colombia Under Government-Sponsored Pilot Program
The company plans to offer bitcoin, ether, litecoin and bitcoin cash trading in partnership with local bank Bancolombia starting in December.
First Mover Asia: Bitcoin, Altcoins Regain Ground After Early Weekend Spiral; Trading Volume Levels Off After an Intense Saturday
Investors, who have been spooked by the omicron variant of the COVID-19 virus, are awaiting the opening of equity markets on Monday.
How Bitcoin Set Itself Up for This Sell-Off
Conditions like what we had over the past few weeks usually set the stage for a big move in one direction or the other.
Bitcoin Drops $9K in an Hour on Spot Market Selling; El Salvador Again Buys the Dip
The leading cryptocurrency is currently trading around $47,960.
Bitcoin Drops Below $56K as Momentum Slows, Support at $53K
Buying has been weak despite short-term oversold signals.
Market Wrap: Bitcoin Extends Losses While Traders Remain Bullish on Ether
Weekly returns were mixed as some altcoins outperformed. Meanwhile, macro headwinds could cause investors to reduce exposure to speculative assets next year.
