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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 Breakout Toward $45K 'Imminent' Says Matrixport
Polygon's MATIC and Chainlink's LINK led altcoin gains Wednesday afternoon.
BTC Price Pushes Towards $36K Ahead of 2023's Last Approval Period for Bitcoin ETFs
Analysts at Bloomberg predict that if a spot bitcoin ETF is not approved in this period, there’s still a 90% chance for approval by Jan. 10.
Bitcoin Fees Soar Nearly 1,000% Since August as Ordinals Are Back in Vogue
Higher fees are also boosting bottom lines for the industry's beleaguered miners, 21Shares noted.
First Mover Americas: Binance Unveils Self-Custody Wallet
The latest price moves in crypto markets in context for Nov. 8, 2023.
New Cryptocurrencies Getting Created at Slowest Pace in 3 Years, CertiK Data Shows
Excluding memecoins, some 293 new tokens were added to the CoinMarketCap website, less than a fourth what was added during the bull market of late 2021, according to new data compiled by the smart-contract auditor CertiK.
Investment Adviser Two Prime Sees $2B in Demand for Bitcoin-Backed Loans
"We have seen about $2 billion in demand for bitcoin-secured loans since we started offering them in September," Two Prime's Alexander Blume said.
Bitcoin Squeezes to $35.5K as 'Mini Altcoin Season' Lifts Crypto Market Cap to $1.3 Trillion
Capital rotation from bitcoin to altcoins accelerated further but steady inflows into BTC funds compensated, one analyst noted.
First Mover Americas: Bitcoin Ordinals Protocol Token Jumps 50%
The latest price moves in crypto markets in context for Nov. 7, 2023.
