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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 CME Futures Slip Into ‘Backwardation’ as Bearish Sentiment Grips Market
Backwardation refers to a market condition where futures prices trade lower than the spot price.
The Future of Crypto: The Industry That Once Focused Solely on Bitcoin Is Rapidly Evolving
Developers are striving to find decentralized blockchain products that are both scalable and secure.
First Mover Asia: Bitcoin, Ether Tumble Ahead of Federal Reserve Meeting
An expected interest rate hike could spook investors away from higher-risk assets; the top 20 altcoins by market capitalization were firmly in the red.
Crypto Miners Extend Slump as Bitcoin Price Falls to Lowest Point Since October
Some miners have lost almost 50% of their market capitalization since bitcoin reached its all-time high in November.
How the Economics of Bitcoin and Ethereum Shape Their Cultures
Different cryptocurrency networks will form distinct societies.
Could Crypto Retreat Further Amid US Inflationary Woes?
Bitcoin and the wider crypto markets continue to drift lower despite bullish signals including rising inflation. Wave Financial’s Justin Chuh discusses the potential reasons behind the sea of red and how long the ongoing sell-offs could last. Plus, how the Fed’s announcement of quicker tapering of its bond buying program could affect price movements.
Bitcoin Exchange Outflows Resume as Stock Markets Get Over Fed Jitters
New blockchain data tracked by Glassnode shows crypto investors appear to have resumed bitcoin accumulation, a sign they expect the price to rise. This comes after U.S. stock markets overcame concerns about the economy to post their strongest gains in 10 months last week. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
Lolli CEO: ‘$8M in BTC Awards Rewarded So Far’
Bitcoin rewards company Lolli has added food delivery platform Grubhub as the latest participating store, allowing users to earn BTC back on every order. Lolli CEO Alex Adelman shares insights into the rewards program and its impact on the online retail space.
Market Wrap: Altcoins Underperform as Bitcoin Dips Below $48K
Bullish sentiment continues to fade ahead of tomorrow’s U.S. Federal Reserve meeting.
