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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
Beware of Bitcoin's 'Rising Wedge,' Chart Analyst Says
"Normally rising wedges resolve bearish," crypto analyst and trader Josh Olszewicz told CoinDesk.
Bitcoin Could Drop to $58K as Cool-Off Period Is Imminent, Swissblock Says
Bitcoin nearly doubled in price since late January, but a "counter move seems to be near," Swissblock analysts said.
Michael Saylor's MicroStrategy Raising Another $500M to Buy More Bitcoin
The debt offering comes just days after the company closed on an $800 million capital raise, also with proceeds used to buy bitcoin.
The Protocol: Is Ethereum's Dencun Update All It's Cracked Up To Be?
Some developers think that shifting the Ethereum ecosystem further towards layer 2 networks could risk setting it down the wrong path.
How a Bitcoin Mixer Laundering Conviction Might Be Appealed
Roman Sterlingov was convicted on four charges related to operating the crypto mixer Bitcoin Fog, a decision noted defense attorney Tor Ekeland intends to challenge.
Craig Wright's Counsel Hits Back at COPA's Fraud Allegations in Closing Argument
Anthony Grabiner alleged that some of COPA's fraud claims had no exact proof.
Why Diversification Matters for Crypto, Too
The rise of Bitcoin may tempt investors to ask “Why Not 100% Bitcoin?” Here’s why.
El Salvador Axes Income Tax for Investments From Abroad
The nation, which is attempting to attract foreign capital, removed income tax on investment from overseas.
