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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
Bitcoin Could Hit as High as $124k Before Year-End, Says ARK Invest Analyst
"We are about 55% to 65% of the way" to the end of the bull market, ARK Invest Research Associate David Puell told CoinDesk.
Bitcoin to Overcome $100K Despite Pullback, Has Plenty of More Room Before Topping: CryptoQuant
The analytics firm said bitcoin could rally to at least $147,000 before topping if it repeats the pattern of previous cycles.
Why Costa Rica Is Taking a Hands-Off Approach to Regulating Crypto
The Costa Rican government is keeping a watchful eye on crypto experiments in the country, says former deputy Jorge Eduardo Dengo Rosabal.
Bitcoin Bull Market Is Far From Over, Galaxy Research Says
The world's largest cryptocurrency is expected to make a renewed attempt to breakthrough the $100K level in the near term, the report said.
First Mover Americas: BTC Returns to Near $94K
The latest price moves in crypto markets in context for November 27, 2024.
Short-Term Bitcoin Holders Have Moved Nearly $8B Worth of BTC to Exchanges, Signaling Price Bottom: Van Straten
As bitcoin approached $100,000 we saw record notional profit-taking, however, as bitcoin dropped to almost $90,000 we are seeing record notional loss-taking.
Bitcoin Bulls Lose Steam, Aussie-Yen Dips, Hinting at Broad-Based Risk Aversion Ahead
The anti-risk Japanese yen looks to gain ground as the talk of a BOJ rate hike in December gathers steam.
This Hedge Fund Now Has a 1,000x Profit on Bitcoin
Dan Morehead's Pantera Capital Management was one of the first funds to get into bitcoin (BTC) back in July 2013.
First Mover Americas: Bitcoin's Correction Takes Price Below $93K
The latest price moves in crypto markets in context for November 25, 2024.
