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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 Caused Bitcoin's 10% Crash: Matrixport? Jim Cramer? Leverage?
Bitcoin cratered almost 10% below $41,000 early Wednesday around the time of Matrixport's report about potential spot BTC ETF rejections, but it was more likely due to a leverage flush as the market overheated, a K33 analyst said in an interview.
USDC Stablecoin Momentarily Depegs to $0.74 on Binance
The stablecoin immediately snapped back to its $1 peg on Binance.
Protocol Village: KuCoin Labs Invests in ISSP for Sui-Based Inscription Protocol
The latest in blockchain tech upgrades, funding announcements and deals. For the period of Dec 21-Jan. 3. (EDITOR'S NOTE: We will be taking much-needed time off around the end of the year, so updates will be less frequent. Happy holidays!)
First Mover Americas: Bitcoin's Strong Start to January May Falter
The latest price moves in crypto markets in context for Jan. 3, 2024.
Bitcoin Spot ETF Proposals to Be Rejected by SEC: Matrixport
"SEC Chair Gensler is not embracing crypto in the U.S., and it might even be a very long shot to expect that he would vote to approve bitcoin spot ETFs," Matrixport said
Bitcoin Slumps as $400M Liquidated in Two Hours
Financial services company Matrixport said it expects the SEC to reject all ETFs applications this month.
Michael Saylor Commences Plan to Sell $216M Worth of MicroStrategy Shares
Saylor said earlier that he would use the proceedings from the sales to address personal obligations and buy more bitcoin to his personal account.
Coinbase Buckles 10% as Crypto Stocks Falter Despite Bitcoin Topping $45K
Michael Saylor's MicroStrategy was a rare crypto name moving higher on Tuesday.
