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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 Surges to All-Time Highs in Turkey and Nigeria
Massive inflation and sliding purchasing power of national fiat currencies has likely boosted demand for bitcoin.
Bitcoin and Ether Options Activity Soars to Historic Highs of $20B Amid ETF Hype
Options worth $4.5 billion are set to expire on Friday, Deribit told CoinDesk.
Bitcoin Cools Off at $34K, But '5th Bull Market' Has Further to Run, Says Analyst
Dogecoin and PEPE gained 5%-6% on Thursday, fading the action in a mostly lower cryptocurrency market.
Bitcoin Primed for 'Supply Shock' as Exchange Balance Drops to 5-Year Low, Analyst Says
A spot ETF approval could fundamentally alter bitcoin's supply and demand dynamics as professional investors would allocate to BTC as an uncorrelated asset, Forex.com's Matt Weller told CoinDesk TV.
First Mover Americas: Deutsche Bank Trials a SWIFT Alternative for Stablecoins
The latest price moves in crypto markets in context for Oct. 25, 2023.
Bitcoin’s Recent Outperformance Fueled by Institutional Demand, JPMorgan Says
There has been a significant bitcoin inflow into larger wallets, which suggests institutional investor demand, the report said.
Bitcoin to Score 'Golden Cross' After 30% Price Surge in 2 Weeks
The forthcoming price pattern would signal a strengthening of bullish momentum.
Grayscale Bitcoin Trust Outshines Nvidia With 220% Gain This Year
"GBTC is the gift that keeps giving," one observer said.
