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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 Frenzy of Activity Pushes Average Transaction Fee Over $7, Nearly 2-Year High
The average transaction fee on Bitcoin has shot above $7, pushing total fees up nearly fivefold in two weeks, thanks to a surge in Ethereum-style “BRC-20” tokens and NFT-like “inscriptions” on the increasingly popular Ordinals project.
Block’s Q1 Bitcoin Revenue Rises 18% From Q4, Gains 25% From a Year Ago
The company booked $50 million in bitcoin gross profit in the first quarter..
Bitcoin, Ether Trade Flat After Mildly Encouraging Jobs Data
The two largest cryptocurrencies by market capitalization were changing hands in a tight range after jobless claims were slightly higher than expected, a small sign the jobs market is cooling.
First Mover Americas: Bitcoin Pushes Above $29K After Fed Rate Hike
The latest price moves in crypto markets in context for May 4, 2023.
Bitcoin's Dominance Rate Surges After U.S. Banking Crisis
Bitcoin's outperformance during the banking crisis indicates the cryptocurrency is the anti-dollar liquid play for investors, one portfolio manager said.
Bitcoin Could Rally 20% to Around $36K: Matrixport
The Fed’s latest interest rate hike may be the last for this cycle, which could set the market up for another strong rally, the report said.
First Mover Asia: Bitcoin Recovers From Fed Dip
PLUS: The MadLads hype appears to be over, although it hasn't dragged down the price of Solana.
Bitcoin, Ether Decouple From Stocks: What's Next for Crypto After Fed Rate Hike?
The recent decoupling indicates the assets will trade on their own merits.
Bitcoin Rises as Latest Teetering U.S. Bank Sends Traders to Crypto Haven
California-based PacWest Bancorp is weighing strategic options, according to Bloomberg.
