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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
Fed Sees Just One Rate Cut This Year; Bitcoin Gives Up Session Gains
The central bank took note of "modest" progress towards returning to 2% inflation.
Bitcoin Miners Cash in on BTC Rally as Crypto Exchange Transfers Hit Two-Month High
Among those selling, Marathon Digital offloaded 1,400 BTC worth nearly $100 million since the start of the month.
First Mover Americas: Bitcoin Stabilizes Amid Further ETF Outflows
The latest price moves in crypto markets in context for June 12, 2024.
Bitcoin ETFs See $200M Net Outflows in Fed, CPI Jitters
The eleven ETFs recorded $200 million in net outflows on Tuesday, the highest since May 1 figures of $580 million.
Donald Trump Says He Wants All Remaining Bitcoin to Be 'Made in USA'
Early Tuesday Trump met executives from Nasdaq-listed bitcoin mining firm CleanSpark Inc. and Riot Platforms.
Bitcoin Pullback to $66K Triggers $250M in Crypto Liquidations as Traders Brace for 'Wild Wednesday' of FOMC, CPI Report
Tomorrow's Fed "dot plot" of interest rate projection and forward guidance by Chairman Powell will be key for what's next for the digital asset market, K33 Research said.
Metaplanet Discloses $1.6M BTC Purchase; Shares Jump 10%
The investment firm now owns 141 BTC, worth about $9.4 million.
First Mover Americas: Bitcoin Falls Below $67K as ETFs' Inflows Streak Ends
The latest price moves in crypto markets in context for June 11, 2024.
Fed Should Cut Interest Rate as Restrictive Stance Adds to Inflation, Democrats Say
Elevated interest rates aimed at taming inflation have become a part of the problem, three Democrat senators said.
