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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 Miner Hut 8’s Post-Merger Prospects Look Good: Benchmark
The broker initiated coverage of the stock with a buy rating and $12 price target.
First Mover Americas: Bitcoin Layer 2s Have Their Moment
The latest price moves in crypto markets in context for April 22, 2024.
Bitcoin Miners Have Raked in Abnormal Transaction Fees Since Halving: Bernstein
The spike in network fees was driven by speculative activity to mint new meme tokens following the launch of the Runes protocol, the report said.
Bitcoin's Unique Volatility Profile in Focus as VIX and MOVE Spike
Bitcoin's implied or expected volatility remains positively correlated with its price as traditional market fear gauges spike amid broad-based risk aversion.
Bitcoin Miners May Shift Focus to AI After Halving, CoinShares Says
Miners will be faced with substantial cost increases as a result of the halving, with electricity and bitcoin production costs almost doubling, the report said.
Bitcoin Layer 2 Coins, STX, ELA, SAVM, Outperform BTC After Halving
Top Bitcoin Layer 2 coins have risen 5% to 20% since halving, leaving BTC behind, according to data source CoinGecko.
Bitcoin Transaction Fees Come Crashing Down Post Halving
After the halving, fees spiked to $146 for a medium-priority transaction and $170 for a high-priority transaction.
Grayscale's Planned Mini Bitcoin ETF Will Have a 0.15% Fee, the Lowest Among Spot Bitcoin ETFs
Grayscale said it will contribute 10% of Grayscale Bitcoin Trust (GBTC) assets to the Bitcoin Mini Trust.
Runes Protocol Launches on Bitcoin, Sending Fees Soaring as Users Rush to Mint Tokens
Though finding value in meme coins isn't always easy.
Bitcoin Rally Holds Around $63,700 Following 4th Block Reward Halving
Bitcoin had slumped to as low as $59,685 on Friday morning, then rebounded heading into the event.
