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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
Protocol Village: AI-Enabled Prediction Market PredX Launches Testnet on Sei Chain
The latest in blockchain tech upgrades, funding announcements and deals. For the period of Feb. 29-March 6.
First Mover Americas: What Comes After BTC’s Flirt With Record High
The latest price moves in crypto markets in context for March 6, 2024.
Bitcoin Rally May Slow as Order-Book Imbalance Hints at Profit Taking
The gap between liquidity on the ask and bid sides of the order book within 2% of the market price has widened to nearly five times is usual value, according to data tracked by Kaiko.
Bitcoin Rebounds as $150K Target for 2024 Comes in View
Crypto markets slid as much as 10% in the past 24 hours, but have quickly been bought up by bulls.
Crypto Funding Rates Reset After Bitcoin's Sharp Pullback From $69K
The market-wide resetting of funding rates means potential for a more long-lasting move to record highs in bitcoin.
Bitcoin's Test of All-Time Highs Means Old Miners Are Cashing Out
Early miners are sending their old block rewards to exchanges, contributing to selling pressure as bitcoin retreats from testing all-time highs.
Bitcoin ETFs Smash $10B Trading Volume Record Amid Wild BTC Price Action
Last week's volume record coincided with strong ETF inflows, but Tuesday's action could indicate heavy profit-taking, with traders perhaps deciding to sell shares to lock in gains.
Bitcoin Soared to an All-Time High. So Why Aren't Miners Blasting Off, Too?
One explanation: Investors are pouring money into spot ETFs while avoiding miners due to risks related to the Bitcoin halving.
Bitcoin/Euro Suffers Flash Crash on Coinbase
The tumble occurred shortly after bitcoin hit a record high of $69,325.
