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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, Ether Momentum Traveling Divergent Paths
Ether's price spike this week may be foreshadowing a continuation of this trend.
Crypto Investors: Why You Need to Understand Layer 1 Protocols
There’s value in crypto, especially layer 1 protocols, even if regulators and politicians don’t dig enough to see it.
MicroStrategy Buys Another 1,045 Bitcoin for $23.9M
The company now holds 140,000 bitcoin worth about $4 billion.
Bitcoin's Spot-to-Derivatives Trading Volume Ratio Slides to Lowest in 11 Months
The decline indicates renewed risk appetite in the crypto market.
As Bitcoin Platform Paxful Closes, Co-Founder Youssef Talks Up Alternatives
A white paper for Civilization Kit, a decentralized bitcoin peer-to-peer marketplace that also allows users to build their own decentralized marketplaces, will be published in one or two weeks, says Paxful co-founder Ray Youssef. In the meantime he endorses Noones, which describes itself as a “bitcoin peer-to-peer super app for the Global South.”
First Mover Asia: Chilly DOGE, While Bitcoin Simmers Over $28.6K
ALSO: The head of markets for crypto research firm Delphi Digital said Binance's loss of market share has stemmed largely from its struggles with regulators. He also called bitcoin's current threshold at about $28K "a tough spot."
Tokenized Gold Surpasses $1B in Market Cap as Physical Asset Nears All-Time Price High
This a type of stablecoin pegs its price to gold, while the tokens on the blockchain represent ownership of physical gold managed by the issuer.
Crypto Funds’ Bitcoin Holdings Rise as Investor Demand Rebounds
Fund managers have added about 4,000 bitcoins in recent weeks.
Ether Gains on Bitcoin but JOLTs Jobs Data Leaves Markets Unmoved
Ether and bitcoin’s reduced daily correlation could provide opportunity for ETH bulls.
