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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
Squid Game NFTs Traded on OpenSea; Bitcoin on a Roll
Squid game NFTs are now traded on OpenSea. Also, bitcoin is on a roll and McDonald's China celebrates its anniversary with an NFT collection. We’ll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
Bitcoin Eyes $60K as Active Entities Surge, Price Chart Shows Impending Bull Cross
An increase in network adoption along with a price increase is believed to confirm an uptrend.
Buterin Calls Mandatory Acceptance of Bitcoin in El Salvador Counter to Crypto’s ‘Ideals of Freedom’
Ethereum co-founder Vitalik Buterin criticized the forced adoption of bitcoin in El Salvador in a comment he made in a Reddit forum on Friday, noting that “making it mandatory for businesses to accept a specific cryptocurrency is contrary to the ideals of freedom that are supposed to be so important to the crypto space.”
Crypto Funds Double Weekly Inflows to $226M
Crypto-focused funds took in more than double the amount of new money last week than the prior week as bullish sentiment returned to the bitcoin market. Digital asset investment products saw a total of $226 million in inflows during the week ended last Friday, up from $90 million the week before.
GSR USA CEO: Bitcoin Will Be Back at $65K
Trey Griggs, CEO of GSR USA, discusses his bullish forecast for bitcoin, citing the value of the Bitcoin network, a pending bitcoin ETF approval, increase in transaction activity and in-person meetings. Plus, his take on the U.S. crypto regulatory landscape.
What to Watch in Bitcoin This Week
Bitcoin’s price continues to rise, up more than 4% on the day. Patrick Heusser, head of trading at Crypto Finance AG, discusses his crypto markets analysis and outlook, explaining what he sees as drivers for positive or bullish sentiment around bitcoin.
Market Wrap: Bitcoin All-Time High Expected, but Not Before a Pullback
The options market is placing a 20% probability on bitcoin ending the month at a new all-time high above $65,000.
Dying for a Bitcoin Futures ETF? Watch Out for ‘Contango Bleed’
There’s a downside to SEC Chair Gary Gensler’s preference for an exchange-traded fund focused on bitcoin futures. But it’s unlikely to deter investors.
Crypto Funds Double Weekly Inflows to $226M as Ebullience Returns to Bitcoin Market
The jump was largely driven by bitcoin-focused funds, where inflows rose by $156 million to $225 million, the highest in five months.
