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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
Federal Judge Releases 'Razzlekhan,' Orders Other Bitfinex Hack Laundering Suspect to Remain in Jail
A federal judge has ordered Heather Morgan, one half of the couple accused of laundering 119,754 bitcoins (worth over $5 billion in today’s prices) of a 2016 Bitfinex hack, to remain in federal custody until trial. CoinDesk's Nikhilesh De discusses the latest development in the ongoing Bitfinex saga. Plus, what to expect from the upcoming Senate Banking Committee hearing on stablecoins.
Canada's Trudeau Enacts Emergencies Act, and Crypto Is Included
The move by the prime minister includes an expansion of money-laundering laws to include crowdfunding platforms and cryptocurrency transactions.
First Mover Asia: Bitcoin Finds Firm Footing Above $42K
Investors continue to monitor the escalating tensions on the Ukrainian border as well as this week's Producer Price Index report.
Market Wrap: Bitcoin Rangebound as Traders Hedge Risks
Macroeconomic uncertainty and Russia-Ukraine tensions have kept investors on edge.
Bitcoin Weighed Down by $46K Resistance; Support at $35K-$40K
Upside appears limited as buyers lose momentum.
Crypto Funds Saw Fourth Week of Inflows as Ether Funds Turned Around
Some $75 million went into digital-asset funds last week as ether funds saw their first inflows in 10 weeks.
Bitcoin Holds Above $41K as Hashrate Surged to All-Time High
The network hit 248.11 million terahashes per second on Saturday.
First Mover Asia: Bitcoin Inches Upward in Sunday Trading
But the largest cryptocurrency by market cap was way way off last week's levels amid light weekend trading and escalating tensions about a possible war with Russia; ether and most other major cryptos dropped.
You’re Not Imagining It, Markets Really Are Thinner Now
It doesn’t take as much to move prices as it once did.
Market Wrap: Cryptocurrencies and Stocks Drop as Russia-Ukraine Tensions Rise
Geopolitical risks shook markets on Friday as BTC dipped below $43K.
