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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 Rise Loses Steam After Fed Comments
Tighter monetary policy has been a headwind for stocks and cryptos, but indicators remain bullish over the short term.
Bitcoin Nearly Hits $43K, Trades at 10-Day High
The price action in bitcoin (BTC) hasn't been super dramatic, but lately the general direction has been higher.
Bitcoin Price Eyes 200-Day Simple Moving Average
The Strategic Funds Managing Director Marc Lopresti provides his analysis on bitcoin's next move after a three-day price rally. Lopresti also explains why his firm is bullish on altcoins like Avalanche and Solana. Plus, a conversation about the continued growth of institutional interest in crypto, noting a rumored partnership between FTX and Goldman Sachs.
Bitcoin Momentum Strengthens Despite Short-Term Pause
BTC is holding support, similar to what occurred in late March before a 16% price rise.
US House Democrats Call for Scrutiny on Crypto Mining as Environmental Threat
Rep. Huffman and other congressional Democrats wrote the EPA chief on the potential harm to the climate and environment.
First Mover Americas: Bitcoin Tops $42.5K, Commerzbank Revives Hopes of Mainstream Crypto Adoption
The latest moves in crypto markets in context for April 21, 2022.
Sweden, EU Discussed Bitcoin Proof-of-Work Ban: Report
Documents released by a German site suggest concern about the environmental impact of the crypto mining method.
