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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
What to Expect From CoinDesk’s Bitcoin for Advisors Conference
As more investors get interested in crypto, financial advisors need the tools to understand bitcoin and digital assets – and how they’re changing.
4 Factors Helping Bitcoin to Decouple From Falling Stock Market
Start-of-the-month price rallies are driven primarily by untrackable fund flows, one fund manager said.
Blockstream’s Liquid Network Faces Delay in Processing as Transactions Begin to Stack Up
The network said funds are safe and unaffected.
Market Wrap: Bitcoin Rises Toward $50K on Hopes for US ETF Approval
Analysts expect that approval to fuel a fourth-quarter crypto rally.
Crypto Funds Draw $90M in New Money as Confidence Returns
Bitcoin-focused funds have attracted new capital for three straight weeks, after a period of outflows in recent months.
BitGo CEO on Bitcoin: ‘Large Peak, Large Retreat Ahead’
As bitcoin bounces back above $49,000, Mike Belshe, CEO of institutional crypto custody and security firm BitGo, discusses his short-term outlook and long-term price prediction for BTC. “We will probably … see a large peak and then a large retreat,” Belshe said. “It’s a volatile space. Be prepared for it.”
Crypto Funds Draw $90M in New Money as Confidence Returns
Digital asset investment products attracted $90 million in new money in the seven days last Friday, the seventh straight week of inflows. Bitcoin-focused funds reportedly took in $69 million and has attracted new capital for three straight weeks after a period of outflows in recent months.
Is Bitcoin’s Rally Over?
Bitcoin is trading around $48,000 and is roughly flat over the past 24 hours. Still, the cryptocurrency is up 13% over the past week as buyers continued to defend lower support around $40,000, but is the rally over?
Bitcoin Steady at $48K as OMG Token Hits 3-Year High
OMG’s exchange balance is at its lowest level since September 2018
