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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’s Role as ‘Digital Gold’ Will Aid Further Demand, Traders Say
Traders continue to point out bitcoin’s supposed role as ‘digital gold,’ amid economic headwinds in the U.S., as a possible price catalyst.
Bitcoin Ordinals Protocol Token ORDI Rockets 50% on Binance Listing
Binance warned users to expect high volatility around ORDI token prices and gave it a risk classification of "higher-than-normal."
CME Bitcoin Futures Open Interest Surge Indicates Interim BTC Price Top
Every once in a while, open interest sees a spike in a relatively short amount of time. When that happens, it nearly always marks a turning point for bitcoin prices, one observer noted.
XRP, LINK, DOGE Lead Altcoin Gains as Bitcoin Sits at $35K
A few days of outperformance has ignited chatter about "altcoin season."
Cathie Wood Likes Bitcoin as Both Deflationary and Inflationary Hedge
Wood would choose bitcoin over gold "hands down" as an asset to hold for the next ten years.
Microsoft Listing Fake Ledger App Leads to $590K of Bitcoin Stolen by Hackers
The hacker also stole $180,000 worth of assets on Ethereum and BSC.
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.
