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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
Inflows Into Short Bitcoin Products Picked Up Alongside Rally: CoinShares
Short-bitcoin investment products added a net $25.5 million last week.
Bernstein: Bounce in Cryptocurrencies Is ‘Mean Reversion’ Rally
The gains are unlikely to foreshadow a sustained advance, a report from the brokerage firm said.
First Mover Asia: Bitcoin Surges Past $23K Before Retreating
ALSO: Sam Reynolds writes that Microsoft cutting its mixed reality team underlines large tech firms's struggles to succeed in the augmented and virtual reality space. Will Apple do better?
Crypto Markets Today: Bitcoin Surges Above $22K, Genesis Has Over $5B in Liabilities
Also: Bitcoin rose 6% to trade at $22,300. Ether was also trading up, by 5% to $1,640. Equities closed up.
Crypto Markets Analysis: Bitcoin, Ether Top Weekly Leaderboard, but Some Indicators Suggest a Market Retreat
The two largest cryptocurrencies continued their strong start to 2023, but Bollinger bands have failed to reach the upper band for three, straight days.
Bitcoin Miner 1Thash Sent Almost All Its BTC to Binance
On-chain data sourced from CryptoQuant show the 5,592 BTC worth some $124 million that was transferred out of the miner’s address in the past three days ended up in Binance.
Bitcoin Soars Over $22K to Reach Four-Month High
Bitcoin rose over 5% and hit its highest level since mid-September. Market watchers will be eyeing the Federal Reserve’s next utterances.
Craig Wright’s Blacklist Resembles Bitcoin ‘Kill Switch’ Satoshi Never Followed Through On
Bitcoiners are cringing at the fact that users of the rival Bitcoin SV (BSV) blockchain can now freeze and confiscate other users’ coins, thanks to the Australian computer scientist Craig Wright’s “blacklist manager” – a software tool for recovering lost or stolen coins. But did Satoshi Nakamoto, inventor of Bitcoin, suggest a similar “kill switch” feature 13 years ago? CoinDesk Bitcoin Protocol Reporter Frederick Munawa explains.
