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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
Market Wrap: Bitcoin Finishes the Week in Positive Territory Again
Bitcoin finishes strong, sees correlations with traditional markets narrow to prior levels.
Does Crypto Still Care About Elon Musk?
Tesla’s initial BTC purchase contributed to a wild, two-year price climb. But markets were unfazed after the car company offloaded most of its bitcoin.
Crypto Sectors That Have Been Most and Least Impacted by Macro Headwinds
As bitcoin surpasses $23,000, CoinDesk Indices Managing Director Jodie Gunzberg discusses her crypto markets analysis and outlook. Gunzberg points out that the culture and entertainment sector seems to be moving independently from the rest of the market despite the crypto downturn, while the DeFi sector has been impacted by macro headwinds the most.
First Mover Americas: Bitcoin Nears $24K as Citi Sees Crypto Contagion in Past (Don't Tell Zipmex)
The latest price moves in crypto markets in context for July 22, 2022.
Ether Breaks $1.6K on Merge Hype, Crypto Funds Price in July Rate Hike
QCP Capital expects the Fed will raise rates by 75 basis points next week.
Three Arrows Capital Founders Say Terra, GBTC Trades Led to Fund Blowup: Report
“What we failed to realize was that luna was capable of falling to effectively zero,” Three Arrows Capital co-founder Su Zhu said.
First Mover Asia: Does Tesla Really Believe in Bitcoin?; Altcoins Rise in Thursday Trading
The electric car maker became a proxy for investors looking to take a position in the cryptocurrency without buying it directly, but its recent jettisoning of $936 million of BTC suggests the company wasn’t all that committed to the asset.
Market Wrap: Bitcoin Stalls at $23K but Sits Above Cost for Average Investor’s Purchase Price
Bitcoin investors are back in positive territory, although trading ranges have narrowed.
