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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: Bitcoin Spot ETF Partially Priced in: Coinbase
The latest price moves in crypto markets in context for Oct. 13, 2023.
Bitcoin Spot ETFs Approval Partially Priced In, Coinbase Says
Spot-based ETFs are widely expected to unlock floodgates for mainstream money. Flows, however, are likely to materialise overtime, according to Coinbase.
Ether Drops 1.9% to 7-Month Low as Crypto Buckles Further Following Inflation Data
Risk-off sentiment hit markets as a slightly hotter-than-expected inflation reading boosted U.S. Treasury rates and the dollar.
U.S. September CPI Rises 0.4%, Outpacing Forecasts; Bitcoin Slips Further
The year-over-year pace of inflation was 3.7%, also faster than economist expectations.
First Mover Americas: Bitcoin Extends Decline for a Fifth Day, Touches $26.6K
The latest price moves in crypto markets in context for Oct. 12, 2023.
Friday the 13th and Bitcoin. Is it Unlucky for Crypto Traders?
While U.S. stocks have typically gone down, the date has historically been positive for bitcoin.
Bitcoin’s 300% Surge From Early 2019 in Focus as Fed Officials Favor Rate Pause
The 2019 playbook offers a bullish view for bitcoin as Fed officials signal pause in the rate hike cycle.
Bitcoin Sinks Nearly 3% to $26.7K; Bulls Ponder How Low It Can Go
After failing again at $28,000 resistance over the weekend, bitcoin has retreated to its weakest level since late September.
