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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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The crypto rally was broad, as all CoinDesk sector indexes posted 7% to 32% advances.
15 Years After the Bitcoin White Paper, Bitcoin Builder Culture Flourishes
What will we do in the next decade and a half?
How Much Money Will Flow Into Bitcoin ETFs? Here’s One Projection
Alex Thorn, head of research at Galaxy, sees inflows to spot bitcoin ETFs reaching more than $14 billion in the first year after a potential SEC approval and the price of bitcoin spiking to $47,000. He also sees approval of these products possibly occurring this year.
Bitcoin 2008: Satoshi Nakamoto’s Busy Few Months Building the Revolutionary 'P2P Electronic Cash' Network
The Bitcoin white paper was first published 15 years ago. CoinDesk reflects on some of its earliest archival material and statements from Bitcoin creator Satoshi Nakamoto.
First Mover Americas: Solana’s SOL Gains 50% in October, Adding $6 Billion to Market Cap
The latest price moves in crypto markets in context for Oct. 31, 2023.
