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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



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Bitcoin Back Above $46K on Low Daily Volume as Altcoins Outperform

Bitcoin rebounded from Thursday's 2.4% drop that saw BTC reach a low of around $43,800. Now, the world's largest cryptocurrency by market value is beginning to edge closer toward analyst’s projected $50,000 price tag. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.

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The Bitcoin Narrative and the Media

Peter McCormack, host of the popular podcast "What Bitcoin Did," discusses his take on the differences between the bitcoin narrative in U.S. media versus U.K. media and whether there is pressure from the crypto community to report certain views. "If you're not pissing people off, you're not doing your job properly," McCormack said. Plus, insights into project Bitcoin Beach on the heels of his meeting with President of El Salvador Nayib Bukele.

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Osprey Funds CEO: ‘Bitcoin Could Get Into 6 Figures’ by End of Year

Greg King, founder and CEO of crypto asset manager Osprey Funds, discusses his reading of bitcoin's price action and his bullish outlook for the cryptocurrency. ​"The breakout past $40,000 signals some positive upside here going into year-end," King said. "As far as an end target... we could get into six figures." Plus, when will the U.S. approve a bitcoin exchange-traded fund (ETF)?

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Bitcoin’s Next Move as Total Crypto Market Cap Close to $2T Again

Brett Sifling, director of Get Invested at wealth and investment management firm Gerber Kawasaki, discusses his bullish short-term and long-term outlook for bitcoin as the total market value for cryptocurrencies inches towards the $2 trillion mark again. Plus, his interpretations on central mainstream banks and fintech firms dabbling into the digital asset space.

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Bitcoin 30% Away From April Peak; Is It Overbought?

Kimberly Grauer, Director of Research at blockchain data platform Chainalysis, discusses whether bitcoin is overbought as it pulls back from the latest rally, explaining why the price run could reflect the industry reacting positively to the crypto regulatory conversations emerging from Congress. Plus, her take on the impact of China's crypto crackdowns versus U.S. regulatory scrutiny and DeFi risks.

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Total Institutional Activity in Blockchain and Crypto at Record High

A new report from KPMG reveals investment in blockchain and crypto in the first half of 2021 exceeded the total for each of the previous three years. This is a sign of the evolving nature of investors, with more institutional money flowing as awareness and knowledge of the space proliferates. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.

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eToro Exec: 'Crypto Is a Global Phenomenon'

Bitcoin is up 50% over three weeks on the back of strong institutional and retail demand. eToro US Managing Director Guy Hirsch discusses his long-term bullish assessment of bitcoin despite some suggesting the U.S. Senate's $1 trillion infrastructure bill could be bearish for crypto. "Crypto is a global phenomenon," Hirsch said. "Even if the world's only superpower, the U.S., is taking some adverse measures against the industry... this is a global market, and overall, things are looking optimistic." Plus, the latest with eToro's expansion in Miami.

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What’s Behind Bitcoin’s Price Movement?

CoinDesk Director of Data and Indexes Galen Moore discusses the impact of whale movements, signals, and behaviors in the bitcoin market as BTC is now up over 59% year to date. Plus, his reading of trading activity in stablecoin tether and outlook for crypto regulation.

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‘Bitcoin Is A Rocket Ship,’ Says Tech Industry Veteran

Guy Gotslak, President & Co-Founder of crypto investment platform My Digital Money, ​discusses bitcoin’s next move as it remains in a long-term uptrend. “We might see a little resistance, but I believe long-term, it’s a rocket ship,” Gotslak said. Plus, why he doesn’t think crypto regulation has a significant impact on market activity.

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Coinbase Posts $1.9B in Q2 Transaction Revenue, Beating Estimates

Coinbase posted $1.9 billion in transaction revenue in the second quarter of 2021, surpassing analyst estimates for $1.57 billion in its second-ever earnings report as a public company. The crypto exchange also noted ether was traded more than bitcoin in Q2 for the first time. CoinDesk's Nate DiCamillo digs into the report and reveals about the outlook for Coinbase and the wider industry. Plus, his insights into the latest Consumer Price Index (CPI) numbers.

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