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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
Does Bitcoin's Weekly Death Cross Pattern Call for Caution?
The death cross formed on the weekly time frame makes for a cautious view of the near-term outlook, one observer said, while another called it a nonevent.
First Mover Asia: Bitcoin Is Stuck Between Silvergate and China
The largest crypto by market value hovers above $22.4K as investors mull Silvergate's troubles and anticipate likely encouraging economic data from China. ALSO: CoinDesk columnist David Z. Morris considered the gathering of Etherians at ETHDenver, all working together to build.
Jack Dorsey's Block Launches Service Provider to Make Lightning More Reliable
TBD, a division of Jack Dorsey's financial-technology company Block, has launched a new business entity named “c=” that focuses on improving liquidity and routing on the Lightning Network. CoinDesk Editor at Large Christie Harkin breaks down its significance to Bitcoin’s layer 2 scaling system.
Bitcoin’s Slow Week Upended by Concerns Regarding Crypto Bank Silvergate
Flat price action and mild volume took a turn after bitcoin and ether declined sharply late Thursday night.
Bitcoin's Long Liquidations Surge as Prices Slide
Exchanges liquidated longs, or bullish bitcoin futures, worth over $62 million during Asian hours, according to data from Glassnode. That's the highest amount since August. Forex.com Global Head of Research Matt Weller provides his analysis.
First Mover Americas: Crypto Markets Sinking on Silvergate
The latest price moves in crypto markets in context for March 3, 2023.
Bitcoin-Bridged to Avalanche Reaches Record Daily Mint of Over 2K BTC
Half of the BTC.b minted on Thursday have been moved to BENQI Finance, an Avalanche-based decentralized finance protocol.
Bitcoin Bears May Still Be a Bit Early, Though Caution Urged: Matrixport
Crypto investors should cut exposure by 50% if bitcoin prices fall below $22,800, the report said.
Bitcoin Long Liquidations Hit Highest Level Since August
Centralized exchanges liquidated bullish long futures worth over $62 million during the early Asian hours.
