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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 Options Market Signals Bottom as Skews Climb to Zero
The market sentiment has returned to neutral after a long time, a volatility trader said, noting the recovery in both long-term and short-term options skews.
Ether Sees Biggest Weekly Gain in 3 Months, ETH-BTC Rally to Continue
Ether rallied 16% last week, registering its biggest weekly gain since July. The recent positive change in ether's tokenomics are helping the cryptocurrency outperform industry leader bitcoin.
B2C2 Adds Electronic Crypto Options to Over-the-Counter Trading Platform
Clients of the liquidity provider can now trade over-the-counter options electronically in an expansion beyond the “voice via chat” options trading started a year ago.
Can You Believe It? Bitcoin Looks Stable – Green, Even – as Big Tech Stocks Fall Apart
While a repeat of the super-rally seen in the second half of 2021 might not be likely, that era did come to mind last week as bitcoin showed strength.
Bitcoin Software Company Synonym Launches Bitkit, a Bitcon Wallet Powered by Slashtags Protocol
The firm claims Slashtags will enable web portability and “passwordless” authentication.
Market Wrap: Bitcoin Heads for Best Week in 3 Months
The largest cryptocurrency’s push past $20K this week has turned the market more bullish. The outlook hinges on the Federal Reserve’s messaging next week – about its plans for December.
Bitcoin, Ether Press Higher as Momentum Increases
Bitcoin's price has neared a key level months after the June 13 sell-off. Investors should still watch for movement of bitcoin to exchanges.
Morgan Stanley Says Record Number of Bitcoin Have Not Been Used for 6 Months; Future of Bitcoin Adoption
A record 78% of Bitcoin has not been used in transactions in the last six months, and the level is increasing, according to a Morgan Stanley research report. Plus, El Salvador and Lugano have signed a memorandum of understanding (MOU) aimed at boosting local and global bitcoin adoption.
Bitcoin Could Rally to $63K by March 2024: Matrixport
Bitcoin could soon find relief and rally to $63,000 by March 2024, when BTC is likely to undergo mining reward halving – a programmed code aimed at reducing the pace of supply expansion by 50% every four years. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
