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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
Crypto Markets Analysis: Bitcoin, Ether Continue Surge Into February, but Jobs Data Raises Questions
The Federal Reserve must weigh the U.S.’ debt obligations while trying to tame inflation without sending the economy into a deep recession. Its next steps could have an impact on crypto markets.
Chart Reveals Shift in Bitcoin Market Sentiment
Bitcoin (BTC) is trading significantly lower than in late 2021, but the sentiment in the market remains positive. The cost of holding a bullish long position in perpetual futures tied to bitcoin has jumped to the highest since the dizzy bull market days of late 2021, according to Glassnode. "All About Bitcoin" host Christine Lee breaks down "The Chart of The Day."
Charlie Munger Hasn't Taken the Time to Study Bitcoin: MicroStrategy's Michael Saylor
A longtime skeptic of digital assets, the Berkshire Hathaway vice chairman earlier this week called for the U.S. government to ban cryptocurrencies.
Nigeria’s Bitcoin Premiums May Better Reflect Country’s Demand for the Dollar, Not Crypto
Nigerians are paying a premium, but probably more for the stability of the U.S. dollar than for bitcoin, an analyst told CoinDesk.
Craig Wright's UK Case Against 16 Bitcoin Developers to Go to Full Trial
The trial is expected in early 2024 following a successful appeal.
Bitcoin Falls After 517,000 Jobs Added in January, Beating Expectations
The U.S. government also reported the unemployment rate fell to 3.4%, below the forecast of 3.6%.
Bitcoin Market Sentiment Is Most Bullish in 14 Months With US Jobs Report Due
The cost of holding a bullish long position in perpetual futures tied to bitcoin has jumped to the highest since the dizzy bull market days of late 2021.
First Mover Asia: Bitcoin Dips Into Red but Holds Strong Above $23.5K
ALSO: CoinDesk analyst Glenn Williams Jr. highlights the spike in crypto trading activity following the U,S. central bank's interest rate hike.
