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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
Bitrefill Enables Salvadorans to Pay Many of Their Bills With Bitcoin
Salvadorans will be able to pay for 150 different services with bitcoin via on-chain or Lightning Network transactions.
After Taproot, What’s Next for Bitcoin’s Future?
Now that Bitcoin has Taproot, here are some other interesting soft fork changes developers have been eyeing.
Avalanche’s AVAX Token Surges to All-Time High After Deloitte Deal, Defying Crypto Trend
The token is up 85% in the past 30 days, pushing its market capitalization to $23 billion.
Bitcoin Still Unsuited for Mainstream Payments, Says Deutsche Bank
Legacy payment networks still win for mainstream payment uses, the investment bank wrote this week.
Bit Digital Migrates All Its Bitcoin Mining Out of China Amid Ban
The New York-based miner expects to increase its mining power to 2.6 EH/s by mid-2022.
Bitcoin Crowd Appears High on ‘Hopium’ as ‘Buy The Dip’ Trends
Pullbacks typically end with crowd chatter leaning bearish.
One-Fourth of Fund Managers Expect Bitcoin Price Over $75K in 12 Months: BofA Survey
Long bitcoin trades more crowded than long ESG, the survey said.
Market Wrap: Cryptocurrency Sell-Off Stabilizes Amid US Tax Concerns
Bitcoin’s price declined about 5%, but later stabilized around $60K.
Bitcoin Below $60K in a ‘Funding Reset’ Move, Tests Key Support
Bitcoin fell below $60,000 during mid-European hours early Tuesday, extending early weakness and testing the 50-day moving average (MA) for the first time since Oct. 1. Analysts said a pullback was expected and has normalized the elevated funding rates, or costs associated with holding long positions, in the perpetual futures market. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
VanEck Bitcoin Futures ETF ‘XBTF’ Launches on CBOE Exchange
After weeks of delays since winning U.S. Securities and Exchange Commission (SEC) approval in late October, investment firm VanEck’s bitcoin futures ETF started trading on the CBOE exchange Tuesday. The new ETF, which trades under stock ticker XBTF, jumped into the competition with a lower cost than two similar funds launched recently. When will the U.S. get a bitcoin spot ETF?