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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
Bitcoin Recovers Above $20K as Short ETF Sees Record $51M in Weekly Inflows
A ProShares product to bet against rising bitcoin prices saw millions of dollars in inflows last week.
First Mover Asia: Crypto Game Consoles Aren’t Needed as Web3 Gaming Has Workers, Not Gamers; Bitcoin Dips, Then Regains Its Perch Above $20K
Studios are raising significant amounts of capital, but they must build games that do a better job of engaging users; ether and most other major cryptos rise.
Market Wrap: BTC Settles at $20K as Voyager Files for Bankruptcy
The Toronto-based crypto lender is the second high-profile crypto firm to do so in July.
Crypto Fundraising After End of Roe Tepid So Far
Crypto advocates have long touted the technology’s potential to help people fight government oppression and evade surveillance – the post-Roe world offers a great test case.
First Mover Americas: BTC Stabilizes as Fresh Regulatory Developments Surface in Europe
The latest moves in crypto markets in context for July 5, 2022.
First Mover Asia: Bitcoin Rebounds Past $20K; China’s Blockchain Revolution Is Missing On-Chain Data
Ether and most other major altcoins regain ground they'd lost in last week's downturn; China companies seem unconvinced by blockchain technology.
First Mover Americas: BTC Struggles to Break $20K as More Lenders Face Trouble
The latest moves in crypto markets in context for July 4, 2022.
Bitcoin Recovers to Over $19K, Nomura Warns of US, UK Recession
The firm also warned of a recession in the eurozone and Asia Pacific, which could influence crypto prices.
Coinbase Says Miners’ Sales of Newly Minted Bitcoins Don’t Add Significant Market Pressure
If all newly issued bitcoin were immediately sold on the market each day, it would equate to only 900 BTC of selling pressure, the report said.
First Mover Asia: Singapore’s Monetary Authority Finally Notices Three Arrows’ Capital AUM Discrepancy; Bitcoin Holds Above $19K in Weekend Trading
The Monetary Authority of Singapore’s reprimand of the crypto hedge fund for providing misleading information may only be a first step.
