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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
Morgan Stanley Says Record Number of Bitcoin Have Not Been Used for 6 Months
Bitcoin has traded in the narrowest range since late 2020, suggesting investors are holding on for higher prices, the report said.
Bitcoin Could Rally to $63K Ahead of Next Mining Reward Halving: Matrixport
Bitcoin tends to bottom out and start rallying 15 months ahead of the halving, past data show.
First Mover Asia: Scams on Binance's BNB Chain Highlight Weaknesses in Quality Control; Bitcoin Sags
A Solidus Labs report showed that Binance’s BNB Chain leads in volume of scams.
Market Wrap: Bitcoin Holding Steady Over $20K, Ether Is Flat, Dogecoin Soars
A surprisingly strong GDP report did little to ease investor concerns about inflation and the possibility of a steep recession.
Crypto Markets Remain Stable Following GDP Release, Bitcoin Stays Over $20K
Thew prices is higher on more volume, but a number of whales are moving bitcoin to exchanges, which could foreshadow selling pressure.
Brink Emerges as the Top Funder of Bitcoin Core Development, BitMex Research Says
The nonprofit has funded the highest number of active Bitcoin Core developers and reviewers.
Bitcoin Above $20K as GDP Increased at 2.6% Annual Rate in Q3
Bitcoin (BTC) is holding its ground above $20,000 as U.S. GDP accelerated at an annual rate of 2.6% in the third quarter. Eaglebrook Advisors Vice President of Research Joe Orsini joins “First Mover” to discuss his crypto outlook as the economy sees positive growth. Plus, insights on Meta's loss in revenue.
