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

First Mover Asia: Bitcoin Falls Below $49K as Trading Volume Weakens, Altcoins See Red

Bitcoin’s drop-off coincides with a strengthening U.S. dollar; ether declines.

By Muyao Shen, Damanick DantesDec 9, 2021

A skier falls. (Clive Rose/Getty Images)

Most Influential 2021: Michael Saylor

The MicroStrategy CEO will buy the dip and the top. He’s in the market for bitcoin.

By CoinDeskDec 9, 2021

(Adam B. Levine/Pixelmind.ai)

Market Wrap: Bitcoin Dips as China’s Evergrande Defaults, Altcoin Outperformance Could Fade

Investors could start to rotate into bitcoin, indicating lower appetite for risk.

By Damanick Dantes, Tracy WangDec 9, 2021

Bitcoin dominance ratio (Damanick Dantes/CoinDesk, TradingView)

Strike Launches Dollar-Cost Averaging Product in US

The payment app’s users can purchase bitcoin hourly or monthly for as little as 50 cents.

By Michael BellusciDec 9, 2021

Strike: No Fee Bitcoin Trading Coming to the US

Bitcoin Drops Below $50K, Support Between $43K-$45K

Buying activity remains weak, which reduces the chance of a significant price increase into January.

By Damanick DantesDec 9, 2021

Bitcoin's four-hour price chart shows support/resistance levels with RSI in second panel (Damanick Dantes/CoinDesk, TradingView)

Most Influential 2021: Cynthia Lummis

The Wyoming Senator holds plenty of BTC and may be the crypto industry’s most prominent advocate in Congress. Here’s what she’s thinking for 2022.

By Nikhilesh DeDec 9, 2021

Whisper to Bulls
‘everlasting technological adaptation’
Cynthia Lummis.

Bitcoin Struggles Below $50K After Crypto CEOs Take Center Stage

Bitcoin’s price popped briefly above $50,000 after Wednesday’s congressional hearing in Washington, but the momentum has faded.

By Lyllah LedesmaDec 9, 2021

Bitcoin price chart over the past week shows how the cryptocurrency has struggled to regain momentum above $50,000. (CoinDesk)

Crypto News Roundup for Dec. 9, 2021

By Adrian Blust, Adam B. LevineDec 9, 2021

Weekend Story | The Short-Sightedness of Run-Amok Regulators

Addressing Clients’ Fear, Uncertainty and Doubt (FUD) About Bitcoin

Why three popular investor fears about bitcoin are overblown.

By Andy EdstromDec 9, 2021

(Egor Myznik/Unsplash)

Bitcoin Hashrate Approaches Full Recovery From China Crackdown

Miners set up their operations elsewhere.

By Eliza GkritsiDec 9, 2021

A bitcoin mining farm. (Marko Ahtisaari/Flickr)

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