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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 Celebrates 13th White Paper Anniversary
Halloween 2021 marks the 13th anniversary of the release of the white paper for bitcoin, the first fully decentralized, peer-to-peer electronic cash system by anonymous creator(s) Satoshi Nakomoto. "The Hash" panel discusses bitcoin's milestone, also reflecting on its history.
MicroStrategy CEO Michael Saylor’s 17,732 BTC Holdings Now Worth $1.1B
The vocal bitcoin proponent has made a gain of more than 500% on his holdings over the past year.
Bitcoin Holds Support Above $60K, Pushes Back Toward All-Time High
Upside momentum is improving with seasonal strength in the fourth quarter.
Decentraland’s MANA Jumps 80% as Facebook Rebrand Fuels Metaverse Bets
Facebook’s commitment to building out the metaverse is a signal there is value to be unlocked, an analyst says.
Market Wrap: Bitcoin Heads to $61K Ahead of Options Expiry
Analysts expect short-term choppiness ahead of the next leg higher.
Bitcoin Back Over $60K as El Salvador Buys 420 BTC
After a swoon in recent days, the largest cryptocurrency bounced back after the Central American country bought the dip.
MicroStrategy Adds Almost 9,000 Bitcoins to Its Holdings in Third Quarter
The company’s bitcoin holdings are worth just over $7 billion, while its entire market capitalization is roughly $7.4 billion.
Bitcoin Outflows Aren't the Bullish Signal You Think They Are
As billions of dollars worth of bitcoin flow out of exchanges, the price of bitcoin is shooting up. Still, conventional wisdom suggests when considerable amounts of bitcoin exit exchanges, the hodlers are storing away coins in their cold-storage hoards, presumably forever. So who is hoarding bitcoin? "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
Why Miners Are Accumulating Bitcoin for Collateral
Elite Mining CEO Justin Podhola discusses how his firm is accumulating bitcoin as collateralization amid an emerging mining industry trend. In what situation would miners unravel their crypto holdings and begin putting them back on exchanges? Plus, an update on the hashrate and outlook for bitcoin.
