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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
Bitcoin Dominance Weakens as Altcoins Rally
Bitcoin, the world's largest cryptocurrency by market value, was little changed between $60,000 and $63,000 Friday before the release of the U.S. jobs report. The price also changed slightly over the week, while altcoins and gaming tokens have seen significant gains. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
NYC Mayor-Elect Eric Adams to Take First 3 Paychecks in Bitcoin
The pro-crypto Adams is seeking to one-up Miami Mayor Francis Suarez, who recently said he’ll be taking his next paycheck in the cryptocurrency.
NYC Mayor-Elect Eric Adams to Take First 3 Paychecks in Bitcoin
Incoming New York City Mayor Eric Adams said Thursday he would take his first three paychecks in bitcoin when he takes office in January. This comes as Miami Mayor Francis Suarez announced he would take his next paycheck in BTC. "The Hash" team weighs in on the possible impact of the move for New York's crypto landscape.
Crypto Markets Trading Flat; What’s Next?
Bitcoin has traded mostly sideways over the past two weeks. Steve Ehrlich, CEO of publicly listed crypto broker Voyager, discusses his crypto markets analysis and outlook for bitcoin, altcoins, and meme coins. Plus, insights into the five-year partnership with Mark Cuban’s Dallas Mavericks.
Day 4 of Kleiman v. Wright: Craig Wright’s Testimony Delayed
The self-styled “Satoshi” will likely take the stand on Monday.
Profit Taking Since July Remains Lower Than During BTC’s Rally From January to May
New data on bitcoin’s adjusted spent output profit ratio (aSOPR), which measures the profitability of spent bitcoin while filtering out short-term trading, reveals profit taking since July has remained significantly lower than during BTC’s rally from January to May. Some suggest this signals holders may believe in the continuation of a longer-term bull cycle.
Market Wrap: Analysts See Further Upside in Ether as Bitcoin Stalls
BTC’s price has been roughly flat over the past week, compared with a 4% rise in ETH and a 23% rise in Solana’s SOL token over the same period.
Kleiman v. Wright: Bitcoin’s Trial of the Century With $66B Worth of BTC at Stake
The civil trial Ira Kleiman vs. Craig Wright kicked off in Miami Monday that may provide insight into some of Craig Wright’s claims that he is Satoshi Nakamoto, the inventor of Bitcoin. "The Hash" panel discuss the latest in bitcoin's trial of the century with $66 billion worth of BTC at stake.
Ethereum Alternatives and Gaming Tokens Outperform BTC and ETH
Bitcoin and ether were little changed over the past 24 hours. Yet, digital currencies associated with Solana and Polkadot, both alternatives to the Ethereum blockchain, were outperforming along with gaming tokens like Axie Infinity’s AXS. "The Hash" team discusses the rise of altcoins and wider crypto markets outlook.