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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
Bhutan, Tiny Country With $3B GDP, Holds Over $780M in Bitcoin
Bhutan’s state-owned Druk Holdings touts digital assets as one of its focus investment groups.
Bitcoin Holds Above $58K as Odds of Big Fed Rate Cuts Jump to 67%
Markets are seeing a nearly 70% probability of a bigger 50 bps rate cut to the 4.7%-5% range, up from 25% a month ago.
Michael Saylor's MicroStrategy Plans Another $700M Convertible Note Issuance
The company just days ago announced the purchase of $1.1 billion worth of bitcoin, bringing its holdings to 244,800 tokens.
ETH/BTC Ratio Slid to Lowest Since April 2021
The ether/bitcoin trading pair dipped below 0.04 late Sunday, reaching its lowest level since April 2021. The drop signals a decline of investor interest in ether relative to bitcoin. CoinDesk's Benjamin Schiller presents the "Chart of the Day."
Bitcoin Mining Profitability Remains at All-Time Lows as Prices Fall, Hashrate Rises, JPMorgan Says
U.S.-listed bitcoin miners fell in the first half of the month as the world's largest cryptocurrency loitered below $60K and the network hashrate returned to pre-halving levels, the report said.
El Salvador President Nayib Bukele to Present Debt-Free Budget for 2025
Bukele spoke during the commemoration of 203 years of El Salvador independence.
Ether-Bitcoin Ratio Drops to Lowest Since April 2021. Here’s Why It Matters
Analysts suggest the ETH/BTC ratio might drop further, potentially to the 0.02-0.03 range, unless there's a significant change in investor sentiment or regulatory clarity that might favor riskier assets.
First Mover Americas: Bitcoin Pulls Back Before Probable Fed Rate Cut
The latest price moves in crypto markets in context for Sept. 16, 2024.
Bitcoin Slips to $58K as Fed Faces Split Rate Cut Expectations
"Rarely has the market gone into the Fed meeting with maximum uncertainty (halfway between 25bps and 50bps)," Marc Chandler, chief market strategist at Bannockburn Global Forex
Fed Rate-Cut Anticipation Weighs on Crypto Markets as Week Kicks Off
PLUS: Sony’s Soneium blockchain is growing, with Circle announcing that USDC will be listed on the chain.
