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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
First Mover Asia: Ripple's APAC Policy Chief Sees Hopeful Shift in Hong Kong Crypto Statement; Dogecoin Soars Again
But Rahul Advani told CoinDesk the industry needs more details about the city’s plans.
Market Wrap: Uniswap, Federal Reserve in Focus as Dogecoin Rests
The largest cryptocurrency’s push past $20K this week has turned the market more bullish. The outlook hinges on the Federal Reserve’s messaging next week – about its plans for December.
MicroStrategy Reported Impairment Charge of $727K on Bitcoin Holdings in Q3
The business software firm owns about 130,000 bitcoins worth approximately $2.7 billion on its balance sheet.
Crypto Markets Analysis: Money Supply Growth Is Falling, an Encouraging Sign for Fed Progress
The two largest cryptocurrencies by market capitalization traded flat Tuesday, while hovering well above their most recent support lines.
Bitcoin Sentiment Ahead of Fed Decision
Trade The Chain Director of Research Nick Mancini discusses his analysis and outlook for bitcoin (BTC) as the cryptocurrency holds firm at the key psychological $20,000 level ahead of the U.S. Federal Reserve's latest policy meeting.
Uniswap Surpasses Bitcoin as Fed Rate Hike Decision Nears
The decentralized exchange’s native token has risen 5% in the past 24 hours and 10% over the past week.
Dollar Reversal Could Bring Inflationary Pressure, Former US Treasury Secretary Larry Summers Warns
Speculation is mounting over when the Federal Reserve might pivot dovish. But economists, including Summers, warn any such move might lead to weakness in the U.S. dollar versus other global currencies, in turn driving up prices for imports.
Bondholders of Troubled Bitcoin Miner Core Scientific Said to Be Working With Lawyers: Report
The company last week warned it may have to explore bankruptcy as its financial condition worsens.
South African Supermarket Chain Pick n Pay Now Accepts Bitcoin Payments: Report
The retailer is taking payments from any Lightning Network-enabled wallet.
First Mover Americas: DOGE Doubled in October, Coinbase Goes to Bat for Ripple
The latest price moves in crypto markets in context for Nov. 1, 2022.
