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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 DeFi Tool Alex Lab Loses $4.3M in Hack, Offers 10% Bounty for Stolen Funds
The ALEX team proposed a 10% bounty on the total stolen funds in exchange for the return of 90% of assets.
Bitcoin Fee Crash Could Lead to Faster Miner Selling, Analysts Say
Bitcoin's mean transaction fee has reversed the post-halving Runes-led spike, squeezing miners' revenue.
First Mover Americas: Bitcoin Dips Below $62K Ahead of U.S. Inflation Figures
The latest price moves in crypto markets in context for May 14, 2024.
Bitcoin Runes Protocol Sees Traction Waning After Much-Hyped Introduction
User activity has plunged after a hyped run-up to the introduction of the Runes protocol, which was expected by some to mirror Solana’s meme coin ecosystem.
Hong Kong Bitcoin and Ether ETFs See $39M Outflows on Monday: Farside Investors
Previous outflows hovered around the $6 million mark, signaling a significant uptick in negative flows on Monday.
Cautious Bitcoin Bounce to Face Inflation Data Hurdles Later This Week
The downtrend in inflation has stalled so far this year, putting in doubt the odds for any Fed rate cuts in 2024.
First Mover Americas: Bitcoin Fails to Hold $63K, May Remain Range-Bound
The latest price moves in crypto markets in context for May 13, 2024.
Bitcoin Mining Difficulty Slumped Last Week in Biggest Decline Since Crypto Winter: Bernstein
Lower cost miners have increased market share since the bitcoin halving, the report said.
Bitcoin Below $60K Could Trigger 'Panic' Selling, Crypto Analyst Says
One trader said recent declines are likely related to miners' asset sell-offs and fears of tighter regulation of cryptocurrencies.
