Bitcoin

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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


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Bitcoin Remains Tight at $19K Level With Low Volatility
Bitcoin Remains Tight at $19K Level With Low Volatility
Bitcoin (BTC) continues in a tight trading range with traders expecting prices to remain unchanged for another week. Anthony Rousseau, senior director of product strategy at T...
Bitcoin Remains Tight at $19K Level With Low Volatility

Guochun He, left, and Zheng Wang are accused of trying to bribe U.S. law-enforcement officials were investigating Huawei Technologies. (Justice.gov)
Chinese 'Spies' Used Wasabi Wallet to Try to Conceal Bitcoin Bribes, Elliptic Says
Analysis by the crypto analytics firm showed that all the bitcoin bribes originated from the coin mixing wallet.
Guochun He, left, and Zheng Wang are accused of trying to bribe U.S. law-enforcement officials were investigating Huawei Technologies. (Justice.gov)

Bloomberg columnist Matt Levine (LinkedIn)
Bloomberg's Matt Levine Writes 40,000-Word Article on Crypto
It's the only article this week in Businessweek, just the second time the magazine has been filled by a single piece.
Bloomberg columnist Matt Levine (LinkedIn)

Synota team at an active bitcoin mining site. (Synota)
Bitcoin Technology Startup Synota Raises $3M in Seed Round
The new capital will be used toward the commercialization of Synota’s software, including plans for a bitcoin mining-related service.
Synota team at an active bitcoin mining site. (Synota)

(serena saponaro/Unsplash)
Why Bitcoin Has Been Highly Correlated With Fiat
And whether that means it has failed as an inflation hedge for traders.
(serena saponaro/Unsplash)

CoinDesk - Unknown
First Mover Americas: Bitcoin, Ether Remain in Tight Price Range
The latest price moves in crypto markets in context for Oct. 25, 2022.
CoinDesk - Unknown

Chart analysts have a forward outlook that MATIC could soon be worth $1. (Hans/Pixabay)
Polygon's MATIC Closes In on $1 Level After Recent Breakout: Chart Analysts
The token has cleared daily cloud resistance and its 200-day moving average in a short-term bullish development, one observer said.
Chart analysts have a forward outlook that MATIC could soon be worth $1. (Hans/Pixabay)

CEO Changpeng Zhao, seen here at Consensus 2022. (Shutterstock/CoinDesk)
First Mover Asia: Is Binance Becoming Too Dominant?
Binance pushes through around 53% of all crypto trades on spot and derivatives markets by trade count, and around 30% of the market’s value; Bitcoin remained comfortably above...
CEO Changpeng Zhao, seen here at Consensus 2022. (Shutterstock/CoinDesk)

BTC holds its perch at about $19,300, flat over the past 24 hours. (Unsplash)
Market Wrap: Bitcoin Holds Its Perch Over $19K and Is Likely to Continue Trading in Its Current Narrow Range
Investors are mulling over macroeconomic uncertainties; veteran trader Peter Brandt says crypto investors are “just tired.”
BTC holds its perch at about $19,300, flat over the past 24 hours. (Unsplash)

Bitcoin is likely to continue trading in a narrow range. (Unsplash)
Bitcoin Likely to Hold in a Tight Range
One measurement of bitcoin’s volatility has declined 76% this year. Veteran trader Peter Brandt told CoinDesk TV that bitcoin investors are “just tired.”
Bitcoin is likely to continue trading in a narrow range. (Unsplash)