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 Could Reach $160K in 2024 on the Back of Halving, Spot ETF Hype: Analysts
Bitcoin has historically rallied after its halving event – which automatically decreases the supply of new coins in the open market – and traders are likely pricing in the event that’s next scheduled for April 2024.
Bitcoin Spot ETF Biggest Development on Wall Street in Last 30 Years, Says Michael Saylor
A large increase in demand coupled with lower supply should set the stage for higher prices in 2024, he predicted.
First Mover Americas: Altcoins Rally as Bitcoin Climbs Back to $43K
The latest price moves in crypto markets in context for Dec. 19, 2023.
Elastos Looks to Capture BTC Staking Demand With Bitcoin Layer 2 Offering
The platform is developing Bitcoin tools as the applications built on the network catch favor with investors.
Solana, Avalanche Meme Coin Fever Continues as Bitcoin Nears $43K
Traders have increasingly favored these networks over Ethereum for their lower transaction fees and faster speeds.
BlackRock Revises Spot Bitcoin ETF Proposal Ahead of Hoped-for SEC Approval
BlackRock's ETF proposal now includes cash redemptions, a concession to the SEC that may improve the fund's approval odds.
Zcash Developer Electric Coin CEO Zooko Wilcox Steps Down, Swihart Named to Role
The overseeing board of Zcash, known for its privacy-oriented "shielded" addresses or "z-addresses," credited Wilcox with delivery of "the first real-world application of zero-knowledge proofs."
