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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Bitcoin Pushes to $105K After Fed’s Move on Interest Rates
Bitcoin surged past $105,000 after the Fed paused interest rate hikes, boosting confidence. Fed held rates steady at 4.25-4.50% after…
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Indiana Proposes Bill Allowing Public Funds for BTC ETFs
Indian Representative Jake Teshka has proposed a bill, allowing public funds to invest in Bitcoin ETFs. The bill mentions how…
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FOMC Meeting: Will Rate Cuts Boost Bitcoin’s (BTC) Price?
Bitcoin faces pressure below $102K, with analysts forecasting a drop under $100K. A rate cut by the US Federal Reserve…
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Czech National Bank to Hold Bitcoin in Reserve Strategy
The Czech Bank aims to add Bitcoin to its reserves as part of a diversification plan. Governor Aleš believes Bitcoin…
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Utah Becomes the Second State to Accept Bitcoin Reserve Bill
Utah allocates 5% of public funds to Bitcoin, setting a precedent for other states. Utah’s Bitcoin Reserve Bill garners strong…
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Arizona Senate Advances Bitcoin Reserve Investment Bill
Arizona Senate advances SB1025, allowing 10% of public funds to be invested in Bitcoin. The bill moves to the Senate…
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Bitcoin’s (BTC) Next Move: Key Economic Events to Watch
Traders are cautious ahead of key economic decisions from the FOMC, ECB, and U.S. data. FOMC, ECB interest rate decisions,…
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MicroStrategy Buys 10,107 BTC, Total Now 471,107 BTC: Report
MicroStrategy buys 10,107 Bitcoin for $1.1B, increasing its total holdings to 471,107 BTC. The firm financed the purchase by selling…
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Bitcoin’s Yellow Line Metric: Why $120K Could Spark a Drop
Bitcoin approaches $120K, facing a critical trendline that could spark major moves. A pullback to $80K is possible if $120K…
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Arthur Hayes Predicts Bitcoin Price Will Reach $70K
Bitcoin drops below $100K, triggering $1.23 billion in liquidations as the market faces pressure. Arthur Hayes forecasts further decline, with…
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