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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
Brazil’s Largest Brokerage, XP, Set to Launch Crypto Trading Feature
Built on Nasdaq's trading technology, the platform will allow users to buy bitcoin and ether.
Global Crypto Regulatory Body Is Coming Soon, Says Top Official
A joint body to coordinate efforts at regulating crypto at the global level could become a reality in the next year, according to IOSCO chair Ashley Alder.
First Mover Americas: BTC Drops to 2020 Levels of $25K; Tether Loses $1 Peg
The latest moves in crypto markets in context for May 12, 2022.
Australian Crypto ETF Listings Kick Off With Low Volumes Amid Crypto Correction
Investors opted for a cautious approach during intense volatility on the opening day of three crypto funds.
First Mover Asia: Bitcoin at 16-Month Low as UST Collapse Shows Risks of 'Algo' Stablecoins
A number of algorithm-based stablecoins have already failed; bitcoin and other cryptos see deep red.
Market Wrap: Cryptos Extend Losses as LUNA Plunges
Bitcoin declined by as much as 6% over the past 24 hours, as LUNA dropped 96% and SOL fell 30%.
Nubank, Brazil’s Largest Digital Bank, Launches Bitcoin and Ether Trading
The trading and custody service is being provided by blockchain infrastructure company Paxos.
FASB to Review Accounting Rules for Digital Assets Held on Balance Sheets: Report
A clearer framework for how companies might account for crypto could pave the way greater institutional adoption.
