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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 Eyes $58K With Downtrodden Crypto Markets Exposed to Short Squeezes, Says Analyst
The 30-day average funding rates for perpetual swaps slid to negative levels, a rare occasion that marked a bottom in prices historically, K33 Research said.
Solo Bitcoin Miner Wins Big After Securing an Entire Block Reward
The emergence of new mining rigs may have created an opportune environment for solo miners, according to CryptoQuant.
Core Scientific Is Uniquely Placed to Deliver AI Data Center Scale in the Near Term: Bernstein
The bitcoin miner benefits from readily available sites and power, less competition and the ability to hire strong data center talent, the report said.
First Mover Americas: Bitcoin Rises to $57K as ETFs End Losing Streak
The latest price moves in crypto markets in context for Sept. 10, 2024.
Crypto Traders Remain Cautious About Downside Risks in Bitcoin, Ether; SOL Stands Out
Options tied to bitcoin and ether show a bias for puts, according to QCP Capital.
Bitcoin Trading Volume Surged to $2.8T in January to August Period
The rise in crypto volatility has been accompanied by increased market participation in the bitcoin market, Kaiko said.
Bitcoin Retakes $57K, but Potential Positive Catalysts Are 'Sparse,' Says NYDIG
"Bitcoin might be at the whims of the broader market backdrop," wrote NYDIG's Greg Cipolaro.
Michael Saylor Says Republicans Have More 'Progressive’ View on Crypto, Democrats ‘Drifting to the Middle’
MicroStrategy has purchased roughly $8.3 billion worth of bitcoin since August 2020.
First Mover Americas: Bitcoin Reclaims $55K Ahead of Tuesday's Harris-Trump Debate
The latest price moves in crypto markets in context for Sept. 9 2024.
A 0.50% Fed Rate Cut Could Raise Alarm for Bitcoin, 10X Research Warns
The Fed is expected to begin its much-anticipating rate-cutting cycle from next week.
