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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 Breaking Down, Support at $30K
A weekly close below $36,247 could yield further downside targets.
The NY Mining Moratorium’s Odds Just Got a Lot Worse
The Senate Environmental Conservation Committee won't consider the controversial bill, according to a schedule released Thursday.
US Jobs Report Shows Gain of 428,000, Adding to Price Pressures
Friday's Labor Department report showed that employment growth stayed robust last month, at a level that should continue to worry the Federal Reserve about a too-tight jobs market.
Bitcoin Breaks Bullish Trend Line; US Jobs Data Eyed
An above-forecast U.S. wage-growth figure may revive expectations of a 75 basis point Fed rate hike and bring more volatility to markets.
Bitcoin Sell-Off Continues as Asian Markets Fall Amid Weak China Cues
Bitcoin continues losses as major markets around Asia end the week.
Swan Bitcoin Benefit Plan Helps Companies Reward Employees in Crypto
Early customers of the financial services company's program are providing monthly bitcoin bonuses of between $50 and $100.
BTC Behaving as a Risk-On Asset?
Bitwise Chief Investment Officer Matt Hougan discusses bitcoin’s price activity as a risk-on asset amid the recent price plunge possibly caused by hawkish Federal Reserve policy. Plus, insights into why we might face an upcoming recession and the impact of institutional investment.
First Mover Asia: Thailand Has Already Proven Why Taking Crypto for Luxury Items Isn't Working
Gucci will begin accepting crypto payments at five stores as part of a wider commitment, but the success of its initiatives is uncertain; bitcoin plummets in Thursday trading.
Market Wrap: Cryptos and Stocks Fall, Luna Foundation Guard Accumulates Bitcoin
BTC declined by as much as 10% on Thursday, its largest price drop in two months.
