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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
VanEck's Bitcoin ETF Records 2,200% Volume Surge in a Day
A sudden trading volume on VanEck’s HODL product seemed “retail armyish,” one analyst said.
Michael Saylor Not Interested in Selling: ‘Bitcoin Is the Exit Strategy'
MicroStrategy is up billions on its bitcoin bet, but Executive Chairman Michael Saylor told Bloomberg TV there’s no reason to sell the cryptocurrency.
Bitcoin Suffers Swift Reversal at $53K, Suggesting More Consolidation Ahead
For the third time in a week, prices quickly pulled back after testing the $53,000 level.
First Mover Americas: Ether Flirts With $3K
The latest price moves in crypto markets in context for Feb. 20, 2024.
Australians More Likely to Invest in Spot Bitcoin ETFs After U.S. Approval: Study
The 5th edition of the Independent Reserve Cryptocurrency Index has revealed that 25% of Australians view Bitcoin more favourably after the spot Bitcoin ETF approval in January.
Bitcoin Options Trader Takes $20M Bet to Hedge Against Prices Dropping to $47K
The strategy provides a hedge against a potential bitcoin price pullback to $47,000 and costs over $20 million, according to crypto block trading service provider Greeks.Live.
Bitcoin Order Books Are Most Liquid Since October as Market Depth Nears $540M
Order book liquidity indicates how easy it is to buy and sell large quantities at stable prices.
Bitcoin ETFs See Record $2.4B Weekly Inflows; BlackRock's IBIT Leads: CoinShares
Inflows accelerated last week, indicating increasing demand for the new spot-based exchange-traded funds, CoinShares head of research James Butterfill said.
