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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
Elon Musk Says SpaceX Holds Bitcoin at B Word Conference
At the B Word conference held Wednesday hosted by the Crypto Council for Innovation, Tesla CEO Elon Musk revealed he owns bitcoin, ether, and dogecoin, while also confirming for the first time that his aerospace company SpaceX holds BTC. "The Hash" panel discusses Musk's potential influence in the broader crypto markets and community.

Crypto Long Liquidations Setting Higher Highs?
Crypto long liquidations were elevated in recent days, with Kraken OTC Daily saying as an absence of momentum in one direction or another hasn’t stopped investors from trying to call a top or bottom, month-to-date crypto long liquidations stack up with each successive move lower in BTC’s price.

XBTO Exec: 'Institutional Gunpowder Ready to Deploy Capital' Into Crypto
Paul Eisma, Head of Trading at crypto finance firm XBTO, discusses his assessment of bitcoin's rebound to above its $30K support level, suggesting the implications for institutions building positions. "Institutional gunpowder is going to be ready and willing to deploy capital, and I think they've started to," Eisma said. Plus, ways to hedge against downside risks.

Bitcoin 7-Day Volatility Declines to Lowest Level Since October
Bitcoin’s seven-day volatility has declined further this week, recording its lowest level since October 2020. Arcane Research says the volatility is declining as bitcoin converges toward the low end of its two-month consolidation range, concluding that a spike in price seems imminent at this critical level.

‘Bitcoin Boomer’: EU Proposing Ban on Anonymous Crypto Transactions ‘Not That Big of An Issue’
“Bitcoin Boomer” Gary Leland, the founder of the BitBlockBoom Bitcoin Conference, discusses why European Union (EU) policymakers proposing tighter regulation of crypto transfers is “not that big of an issue.”

Bitcoin Close to Wiping Out All 2021 Gains?
Responding to some media outlets reporting bitcoin is due to wipe out all of its 2021 gains, Joshua Lim of digital currency prime broker Genesis discusses his assessment on bitcoin’s price direction, noting the potential correlation to Tesla draining its 2021 gains.

BitGo CEO: ‘Institutions Are All Participating’ in Crypto
Mike Belshe, CEO of digital asset infrastructure provider BitGo, discusses continued institutional interest in crypto despite a lull in the markets. "Institutions are all participating," he said. "Everybody we talk to is still moving forward." Plus, the possible implications of Binance's global regulatory woes.

Bitcoin Stuck in Month-Long Downtrend?
Bitcoin is stuck in a month-long downtrend as traders experience choppy conditions over the past few days. A break below $30K is likely, given the loss of upside momentum. “All About Bitcoin” host Christine Lee breaks down the Chart of the Day.

Morgan Creek Capital Management CEO: ‘[Bitcoin] Price Is A Liar,’ Says He’s Focused on Bitcoin’s Long-term Potential
Despite bitcoin’s short-term downward momentum potentially posing a risk to the cryptocurrency, Morgan Creek Capital Management CEO Mark Yusko still maintains a positive outlook. “[Bitcoin’s] price is a liar,” he said. “I’ve never probably been more bullish on the long-term perspective …

E-CNY White Paper Released, Malaysia Steamrolls Mining Rigs
China releases white paper on E-CNY. Bitcoin mining difficulty falls for the fourth time in a row. Malaysian police steamroll seized crypto mining rigs. More on these stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
