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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
Miami Mayor Suarez to Take Next Paycheck in Bitcoin
Francis Suarez, who is up for re-election Tuesday, seemed ready to use Strike’s dollar-to-bitcoin conversion service.
OLB Group Surges 90% After Saying It’s Ready for Mastercard Bitcoin Payments
The move comes as payment firms seek to integrate cryptocurrency into their offerings for merchants.
Bitcoin Mining Profits Remain at ‘Near Highs’ as Crypto Miners Rally
Crypto mining stocks are surging as bitcoin mining hashrate falls, helping to keep profit margins elevated.
Kleiman v. Wright: Bitcoin’s Trial of the Century Kicks Off in Miami
At the center of the case: the potential ownership of 1.1 million BTC.
Market Wrap: Bitcoin Rangebound as Traders Expect Strong November
Some analysts expect a slight pullback ahead of a seasonally strong period for crypto prices.
Bitfarms Hits Record High Hashrate in October and Forecasts Additional Growth
The Canadian miner expects to expand its bitcoin mining power by 11% in November, after achieving 1.8 EH/s in October.
NFL Star Aaron Rodgers Gives Ringing Endorsement of Bitcoin
The Green Bay Packers quarterback will be taking a part of his salary in bitcoin and is also giving away $1 million of the crypto as part of a promotion with payments provider Square.
What’s Driving Bitcoin’s Bull Run?
Global Head of Digital Assets at global crypto broker ED&F Man Capital Markets Brooks Dudley discusses his crypto markets assessment and outlook after bitcoin posted its biggest monthly price gain in October since December 2020 and whether it’s institutions or retail investors driving the rally.
Bitcoin Eyes Fed Meeting After Biggest Monthly Price Gain Since December 2020
Bitcoin’s October rally appears to have put the cryptocurrency on a firm footing ahead of central bank meetings in the U.S., U.K., and Australia to assess the stickiness of inflation and determine policy response. BTC surged nearly 40% in October, recording the biggest single-month percentage rally since December 2020.
Identity Thieves Exploit El Salvador’s Chivo Bitcoin Wallet’s Setup Process
Hundreds of Salvadorans say hackers opened Chivo Wallets with their ID numbers to claim the $30 bitcoin incentive dangled by Nayib Bukele’s government.
