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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
Whale Watching: The Aggregate Whale Balance Sees Record Drop
According to Glassnode data, when isolating for coins flowing between whale entities and exchanges, the aggregate whale balance has fallen by around 255k bitcoin since the end of May. This is the largest monthly balance decline in history. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."
How Miners Are Preparing for the Next Bitcoin Halving
As part of CoinDesk's special Mining Week, presented by Foundry, mining analyst Anthony Power joins "First Mover" to discuss the Bitcoin network's fourth "halving" event scheduled for next April and the implications for the crypto mining community. Foundry and CoinDesk are both owned by DCG.
First Mover Americas: Dogecoin Takes Center Stage
The latest price moves in crypto markets in context for July 26, 2023.
Bitcoin Risks Deeper Price Losses Below 50-Day Average: Analysts
A break below the 50-day simple moving average would shift the focus to long-term support near $25,200, one analyst said.
Bitcoin Whale Moves $37M BTC After 11 Years of Dormancy
The movement is the latest in a trend of early buyers and holders moving their tokens to new wallets after several years of inactivity.
First Mover Asia: Bitcoin Awaits Its Spot ETF in Absence of a Macro Catalyst: Crypto CEO
PLUS: At least one bitcoin price indicator suggests that BTC may be turning slightly upward soon, writes a CoinDesk analyst, while Tribe Capital's managing partner sees a DeFi "resurgence."
Revenue Constraints Will Drive Bitcoin Mining to Sustainability
Proof-of-work mining has a place in global renewable energy adoption. But its larger role is ensuring economic freedom and liberty if nations are destabilized by climatic pressures.
Bitcoin Breaks Below Key Technical Indicator, but Appears Poised to Continue Its Flat Trajectory
Wednesday’s Federal Reserve likely decision to raise the interest rate 25 basis points appears to be priced into crypto markets
