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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’s Acceptance as 'Digital Gold' May Spur Demand From New Investors: Coinbase
Gold has outperformed after the Federal Reserve expressed a cautious stance on the pace of future interest-rate cuts, the report said.
U.S. Added 303K Jobs in March, Outpacing Expectations for 200K
The ETF-led bitcoin rally has stalled over the past three weeks, at least in part thanks to economic indicators pointing to higher than expected interest rates.
Warning for Altcoin Bulls: The Ether-Bitcoin Ratio Is About to Flash Death Cross
A death cross occurs when a short-term moving average drops below the long-term moving average, signaling a potential long-term bearish shift in momentum.
Ethena Onboards Bitcoin as Backing Asset to Make USDe 'Safer'
The platform will use a cash-and-carry trade to short bitcoin futures and pocket funding rates to generate yield on its USDe tokens.
Crypto Derivatives Lost Overall Market Share in March Despite Hitting Record High Trading Volume of $6.18T
The share of crypto derivatives in total market activity slipped to 67.8% in March, according to CCData.
Bitcoin Adds 4.5% as Stocks Reverse Lower on Hawkish Fed Commentary
The world's largest crypto regained the $69,000 level at one point in the session before slipping a bit.
Near Record High Funding Rate Suggests Bitcoin Pullback Not Over
The recent dip in price doesn't appear to have dented optimism from traders betting on a continued bull run.
