Bitcoin News
While traditional finance and fiat currencies ruled the global economy, the pseudonymous Satoshi Nakamoto introduced Bitcoin (BTC), the pioneer cryptocurrency, in 2009. While Bitcoin remained an alien in the initial phase without much recognition, it soon emerged as a game changer, revolutionizing the financial sector.
Do you know how Bitcoin overpowered traditional finance? With the decentralized payment network that eliminates the need for a third party!
Created, distributed, and stored on a decentralized ledger called blockchain, Bitcoin leverages the peer-to-peer (p2p) technology. To be simple, Bitcoin is open-source, meaning the crypto eliminates the presence of a central authority such as banks.
Named after Satoshi Nakamoto, the smallest unit of Bitcoin is called satoshi. Notably, 1 satoshi is 0.00000001 BTC.
Bitcoin is not only known as a pioneer crypto, but it is also praised by many experts for its store of value and is considered a hedge against inflation. Read more on CryptoTale to learn how Bitcoin influences the crypto market and the global economy.
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Jack Dorsey’s Crypto Past Sparks Satoshi Nakamoto Claims
Jack Dorsey’s cryptographic background aligns with key Bitcoin creation events. Dorsey’s engagement in the cypherpunk movement strengthens the Bitcoin inventor…
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Bitcoin’s Growth: Outperforming All Major Assets Since 2011
Bitcoin’s dominance in cryptocurrency has risen from 39% in 2022 to over 60% today. Despite its 156% rise in 2023,…
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Bank of Montreal Reveals $150 Million Bitcoin ETF Holdings
BMO invests $150M in Bitcoin ETFs, with $139M in BlackRock’s IBIT, per SEC filing. Bank of Montreal expands Bitcoin exposure,…
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BlackRock’s IBIT Dominates Despite Record Outflows and Shifts
BlackRock’s IBIT hit 77% market share but faced $332.6M in record single-day outflows. Bitcoin ETFs saw mixed flows as BTC…
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Texas Reintroduces Bitcoin Reserve Bill with No Purchase Cap
Schwertner reintroduces the Strategic Bitcoin Reserve Bill to invest in Bitcoin with no purchase limit. The bill renamed Senate Bill…
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Bitcoin OTC Reserves Drop to 140,000 BTC: Supply Crunch Looms
OTC supply of Bitcoin is now just 140,000 BTC, signaling a potential market squeeze. 750,000 BTC absorbed by ETFs and…
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Florida Bitcoin Bill Proposes 10% State Reserve Allocation
Florida lawmakers propose investing state funds in Bitcoin to protect against inflation. The bill allows Bitcoin tax payments and ensures…
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Tesla Gains $600M from Bitcoin as New Rules Change Finance
Tesla gained $600M from Bitcoin in Q4 as new rules changed how firms report assets. The company holds 11,509 BTC…
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Bitcoin Hash Rate Hits Record 931.69 EH/s, Boosting Security
Bitcoin hash rate has hit a new record of 931.69 EH/s, ramping up network security. Since the halving event, Bitcoin’s…
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Saylor Claims That He Takes The Torch of Satoshi to Commercialize Bitcoin
Michael Saylor envisions himself as Bitcoin’s link from Satoshi Nakamoto to institutions. Strategy’s Bitcoin holdings hit $45.77B with $2.5B bought…
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