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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
First Mover Americas: FTX Wants to Sell Its GBTC
The latest price moves in crypto markets in context for Nov. 6, 2023.
Bitcoin Addresses With Over $1K of BTC Hits Record 8M, Data Shows
The number could grow exponentially, representing a tremendous amount of purchasing power, one observer said.
There Is No Reason Not to Be Bullish on Bitcoin After Payroll Data, Crypto Expert Says
We’re seeing decent progress on the CPI and hourly earnings trends, giving room for the Fed to speak in a continued dovish tone, Amberdata's Greg Magadini said.
Bitcoin Stalls at $35K as Gains Flow to Altcoins in Crypto's 'Early Bull Market Rotation,' Analyst Says
Layer 1 cryptocurrencies and DeFi tokens soared this week as bitcoin and ether chopped sideways.
Prescient Bitcoin Whale Moves $244M in BTC to Crypto Exchange. Has BTC Price Topped?
The whale wallet was the 14th-largest individual bitcoin owner in March, holding 46,500 tokens.
What Happens to Bitcoin Price if Spot ETF Isn’t Approved?
Bitcoin's recent strong performance at least in part is due to optimism regarding the imminent launch of multiple spot ETF products.
