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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 ETF Fever Drives Ethereum to 32-Month Low Versus BTC
Ether has lost 43% of its value against bitcoin since Sept. 7.
First Mover Americas: Bitcoin Holds Above $46K Amid ETF Anticipation
The latest price moves in crypto markets in context for Jan. 9, 2024.
'Grayscale Discount' Sinks to Lowest in 18 Months on Bets for GBTC Conversion to Bitcoin ETF
Data shows the discount fell to as low as 5.6% on Monday, reaching a level previously seen in June 2021.
Jim Cramer Now Says Bitcoin Is 'Topping Out'
Cramer’s picks have the tendency to move in the opposite direction he touts.
Bitcoin Decouples From Nasdaq Amid ETF Speculation
The 40-day correlation between the two has declined to zero.
BTC Blasts Past $47K as Bitcoin ETF Excitement Gets Feverish
Bitcoin could rally 10%-15% more in case the SEC approves spot bitcoin ETFs, LMAX strategist Joel Kruger noted.
Mysterious $1.2M Bitcoin Transaction to Satoshi Nakamoto Sparks Speculations
The wallet receiving the hefty payout is the address that mined the Bitcoin network's first-ever block reward some 15 years ago, commencing the start of the blockchain.
In Bitcoin ETF Battle, Grayscale Is Bringing 'a Gun to a Knife Fight'
The Grayscale Bitcoin Trust's (GBTC) $27 billion of bitcoin and $350 million of daily volume gives Grayscale an advantage versus BlackRock and other wannabe rivals, according to Bloomberg's Eric Balchunas.
