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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
First Mover Americas: Crypto Market Little Changed as U.S. Votes
The latest price moves in crypto markets in context for Nov. 5, 2024.
Bitcoin Mining Difficulty Tops 100T for First Time, Piling Pressure on Small Miners
The Bitcoin hashrate, on a seven-day moving average, hit a record high of 755 EH/s last week.
Long Bitcoin Short Solana Preferred Tactical Trade Heading Into U.S. Election: 10X Research
Daily transaction fees on Solana have cooled significantly from record highs reached last month, providing bearish cues to the SOL token.
Bitcoin Traders Wary of Price Drop in U.S. Election Week, CME Options Show
"It looks like bitcoin options traders appear to be hedging their bets to the downside ahead of the U.S. election this week," one observer said, noting pricier puts on the CME.
BTC Drops Under $68K as Mt.Gox Sends $2.2B Bitcoin to Two Wallets
A majority of that stash, or nearly 30,400 BTC, was sent to “1FG2C…Rveoy” and 2,000 BTC was moved to “15gNR…a8Aok” after first being sent to a Mt. Gox cold wallet.
First UK Pension Fund Invests in Bitcoin
Moving bitcoin into pension schemes is “a bold step that reflects the forward-thinking nature of the trustees involved,” pension specialist Cartwright told Corporate Advisor magazine.
First Mover Americas: BTC Little Changed as U.S. Election Enters Final Stretch
The latest price moves in crypto markets in context for Nov. 4, 2024.
Bitcoin Likely to Rally After the U.S. Election, Irrespective of Who Wins, History Shows: Van Straten
Whether Kamala Harris or Donald Trump becomes U.S. president probably won't dictate bitcoin’s price growth.
Bitcoin Set for $6K-$8K Seesaw as U.S. Election Enters Final Stretch: Analyst
While volatility is price-agnostic, recent flows in the options market suggest bullish expectations.
Bitcoin Volatility Jumps to 3-Month High Ahead of U.S. Election
Investors in crypto and traditional markets bet that impending U.S. presidential election will breed price volatility.
