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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 Eyes $74K as BTC ETFs See Record $1B in Net Inflows
Spot bitcoin exchange-traded funds took in 14,706 BTC, or over $1 billion, in net inflows on Tuesday, data tracked by BitMEX Research shows.
Bitcoin's Wild Four Hours: New Record of $73K, Tumble to $69K, Rebound to $71K, $360M in Liquidations
Momentum behind bitcoin's rally has waned so expect a period of consolidation, Matrixport analysts noted.
Craig Wright ‘Committed Perjury’ in U.K. Trial Over Satoshi Claims, COPA Says
The Crypto Open Patent Alliance said it will ask U.K. prosecutors to consider pursuing Wright for “perjury” over his defense of forgery allegations.
Jamie Dimon Defends Right to Buy Bitcoin Even Though He Never Will
The JPMorgan CEO has been a consistent critic of the cryptocurrency, though his latest comments suggest maybe a tiny bit of softening.
Rapper Drake Posts Michael Saylor's Bitcoin Video to His 146M Instagram Followers
Michael Saylor said that bitcoin will “eat gold” in an interview with CNBC on Monday.
Sweden’s Central Bank Chief Wants 'as Little Bitcoin as Possible' in Country's Financial System: Bloomberg
“It’s an instrument that is impossible to value, and in practice it’s based on pure speculation," Riksbank Governor Erik Thedeen said.
U.S. CPI Unexpectedly Rises to 3.2% Annual Pace in February
Stubbornly high inflation so far in 2024 appears to be standing in the way of the Fed's willingness to begin cutting rates.
