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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
Tesla’s Bitcoin Holdings Remain Unchanged in Q4
The Elon Musk-led company holds over $387 million worth of bitcoin.
Bitwise Becomes First Spot Bitcoin ETF Provider to Provide Wallet Address
The move drew applause from industry experts.
Grayscale's GBTC Has Moved More Than 100K BTC to Exchange Since Spot Bitcoin ETF Launch
Bitcoin pressure has picked up this week as AUM at the Grayscale Bitcoin Trust has declined more than $1 billion per day thanks to a combination of exiting bitcoin and lower prices.
First Mover Americas: Bitcoin Regains $40K
The latest price moves in crypto markets in context for Jan. 24, 2024.
Fed Rate Cut Hopes Run Into Inflationary Red Sea Crisis
Disruptions to commercial shipping traffic via the Red Sea/Suez Canal route threaten to push up prices. That's an unwelcome development for bitcoin bulls.
Crypto Whales Hunt for Bargains As Bitcoin Prices Slide, Data Shows
Bitcoin traded at a fat premium on Bitfinex compared to the global average price over the weekend, hinting at bargain hunting by whales.
First Mover Americas: Bitcoin Slips Below $39K
The latest price moves in crypto markets in context for Jan. 23, 2024.
