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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: Taipei Blockchain Week Imperiled by Government’s COVID-19 Quarantine; Bitcoin Rebounds Above $20K
Taipei Blockchain Week organizers are exploring the use of residency visas for potential attendees and are optimistic they will hold a successful event; ether climbs to about $1.5K.
Market Wrap: Bitcoin and Ether Rebound Halts 3-Day Losing Streak
The cryptocurrencies rise even as stocks decline.
First Mover Americas: Bitcoin Bounces to $20K as Dollar Recedes From 20-Year High; Equity Futures Slide
The latest price moves in crypto markets in context for Aug. 29, 2022.
First Mover Asia: Bitcoin Falls to $19.6K as Investors Continue to Mull Fed Chair's Comments
Ether and other major altcoins are down in weekend trading.
Inflation Hedge or Not, Bitcoin's True Value Is Separation of Money and State
Inflationary forces are still out there and investors are thinking about how best to protect themselves. Is bitcoin a way to do that?
Market Wrap: Bitcoin Slumps to Lowest Level in Over a Month After Powell Affirms Hawkish Monetary Policy
The first cryptocurrency dipped 4.3% to around $20,549, its lowest point since July 16, after the head of the U.S. central bank said the Fed would maintain its restrictive monetary course.
Bitcoin Tumbles Below $21K After Powell’s Hawkish Remarks
The Federal Reserve chair said households and businesses should prepare for pain as the central bank works to bring down inflation.
In Defense of Crypto Speculation
Crypto needs speculation. The higher it is, the greater the potential for disruption.
