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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 Jumps Above $41K, Rising With Nasdaq, S&P
The largest cryptocurrency whipsaws around the $40,000 level as markets digest elevated U.S. inflation readings.
First Mover Americas: Bitcoin's 4-Year Halving Cycle May Be Dead
The latest moves in crypto markets in context for April 13, 2022.
Luna Foundation Guard Adds $100M in BTC to UST Reserves
LFG's balance now sits at $2.26 billion, 75% of which is bitcoin.
Medley Global Advisors Exec on BTC Price Outlook As CPI Jumps 8.5% in March
Medley Global Advisors’ Ben Emons discusses BTC price action as the Consumer Price Index (CPI) reaches a 40-year high of 8.5%. Emons explains bitcoin’s connection to inflation and the idea of “digital inflation,” noting the economic impact of rising gas prices.
Bitcoin Held by Funds Drops Over $240M Ahead of CPI Release
A ByteTree Chart shows the number of coins held by U.S. and Canadian closed-ended funds, and Canadian and European ETFs have dropped by almost 5,800 BTC, worth $243 million, ahead of the CPI release.
First Mover Asia: Recycling Bad Actors in Crypto; Bitcoin Holds Below $40K
As traders speculate on the possible economic impact of coronavirus-related lockdowns in China, investors in the U.S. are betting on whether inflation might be nearing a peak.
Market Wrap: Crypto Sell-Off Pauses as Volatility Fades; Altcoins Outperform
BTC struggled to hold $40K while SHIB rallied by as much as 12%.
Bitcoin and Today’s Wicked Inflation Share a Common Ancestor
In 2010, heterodox Fed member Thomas Hoenig spoke out against the central bank's experimental monetary policy.
Inflation Reaches 40-Year High of 8.5%, Can Crypto Help?
The inflation rate in the U.S. have yet again reached a 40-year high of 8.5% amid geopolitical uncertainty. “The Hash” group discusses whether or not bitcoin can be used as an inflation hedge and its steady price action following the Consumer Price Index (CPI) announcement.