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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
Cato Institute Exec on the Future of Money and Crypto
James A. Dorn, vice president for monetary studies at the Cato Institute, applauds the private sector for inventing better alternatives to fiat currencies. In his CoinDesk opinion piece titled “Let the Market Come Up With Better Money Tech,” he writes market-based cryptocurrencies should be allowed to proliferate.
Bitcoin’s Bullish Trajectory Intact, but December Jump to $100K Looks Unlikely: Analysts
With the end of the year approaching, most investors will probably liquidate positions to present decent annual performances, one observer said.
Filecoin Might Have a Way for Bitcoin to Fight Its Energy Critics (if Miners Use It)
Did Filecoin just launch a tool to end the never-ending debate over bitcoin’s carbon footprint?
First Mover Asia: Bitcoin Drops Following First US Omicron Case
Ether falls, breaking a four-day streak of gains; equity markets tumble.
Bitcoin Rangebound Between $55K Support and $60K Resistance
The intermediate-term uptrend remains intact.
Market Wrap: Analysts Expect Positive Bitcoin Returns in December
The cryptocurrency typically rises in the fourth quarter, which is why some traders are poised for a year-end rally.
RIOT Blockchain CEO on the State of Bitcoin Mining
The Bitcoin network’s hashrate is near complete recovery from the levels reached before China’s mining crackdown, rising over 80% in the past five months and close to reaching a new all-time high. RIOT Blockchain CEO Jason Les discusses the “reallocation of hashrate around the world” and the wider state of mining.
Is Jack Dorsey Bitcoin's Unsung Hero?
New ByteTree data reveals Square's Cash App has raised $13 billion for the Bitcoin network, suggesting CEO Jack Dorsey is bitcoin's unsung hero. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
