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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
U.S. Core Inflation Rose 0.3% in August, Faster Than Anticipated
The price of bitcoin initially slipped following Wednesday morning's report.
A Bitcoin Chart That Offers Hope to Battered Crypto Bulls
Bitcoin's price action since late April seems to have bullish undertones.
First Mover Americas: Bitcoin Drops Below $56.5K on Risk-Off Day
The latest price moves in crypto markets in context for Sept. 11, 2024.
Bitcoin Mining Was Significantly Less Profitable in August, Jefferies Says
September could be another difficult month for the miners as bitcoin remains under $60K and the network hashrate continues to rise, the report said.
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.
