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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's Short Term Momentum Flips Bearish; Support Under $65K
The 50-day simple moving average marks major support at $64,870.
Bitcoin Is Still Strong, but Macro Factors Pose Risk, Crypto Analyst Says
Hardening government bond yields post a risk to risk assets, including cryptocurrencies, one crypto observer said.
Bitcoin Staking Project Babylon Raises $70M Led by Paradigm
The funding round included contributions from Polychain Capital and the venture arm of crypto exchange and CoinDesk parent company Bullish
First Mover Americas: Crypto in the Red Ahead of Friday's U.S. Inflation Data
The latest price moves in crypto markets in context for May 30, 2024.
NYSE Plans Bitcoin Options, Bringing Another TradFi Giant Into Crypto
CoinDesk Indices' XBX is currently the benchmark for $20 billion in ETF assets under management.
First Mover Americas: BTC Consolidates Around $68K as IBIT Overtakes GBTC
The latest price moves in crypto markets in context for May 29, 2024.
Riot Platforms Is Best Suited to Consolidate Bitcoin Mining Sector: Bernstein
The company has the financial capacity to consolidate the bitcoin mining space, the report said.
