• 29 July, 2024

Tag: Bitcoin (BTC) News

Bitcoin (BTC) is the pioneer cryptocurrency launched by pseudonymous Satoshi Nakamoto in 2009. While Bitcoin remained an alien in the initial phase without much recognition, it soon emerged as a game changer that revolutionized the financial sector.

Bitcoin introduced the idea of a decentralized payment network that eliminates the need for a third party. Bitcoins are created, distributed, and stored on a decentralized ledger called blockchain. Leveraging the peer-to-peer (p2p) technology eliminates the presence of a central authority such as banks; bitcoin is open-source.

The smallest unit of Bitcoin is named by the inventor’s name- satoshi. Notably, 1 satoshi is 0.00000001 BTC. BTC has a maximum supply of 21 million tokens and the Bitcoin Halving event controls the rate at whch new tokens injected.

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.

Market News
Bitcoin Sentiment Hits 18-Month Low Amid Market Fear and ETF Outflows

Bitcoin Sentiment Hits 18-Month Low Amid Market Fear and ETF Outflows

The Crypto Fear and Greed Index, which gauges market sentiment for Bitcoin and the broader cryptocurrency sector, has plunged to

News
Kaiko Report Unveils Latam’s Stablecoin Preference Over Bitcoin

Kaiko Report Unveils Latam’s Stablecoin Preference Over Bitcoin

A recent market report issued by Kaiko, a prominent cryptocurrency market data analytics firm, highlighted a significant trend in Latin

News
Penguin Exec Blames ‘Vulture Contracts’ for Slowing Bitcoin Mining in Paraguay

Penguin Exec Blames ‘Vulture Contracts’ for Slowing Bitcoin Mining in Paraguay

Bruno Vaccotti, Penguin’s Head of Public Affairs, has raised concerns about “vulture contracts” affecting the bitcoin mining industry in Paraguay.

Market News
Bitcoin’s TD Sequential Buy Signal: Will It Propel BTC Past $65K?

Bitcoin’s TD Sequential Buy Signal: Will It Propel BTC Past $65K?

As Bitcoin’s 4-hour chart signals a potential rebound, many traders are eyeing a possible surge in the cryptocurrency’s value. As

Market News
Mt. Gox Set to Commence Bitcoin Repayments in July 2024

Mt. Gox Set to Commence Bitcoin Repayments in July 2024

The defunct exchange Mt. Gox is preparing to begin repaying its creditors in Bitcoin (BTC) and Bitcoin Cash (BCH) starting

Market News
Major Market Moves and Key Project Updates This Week: An Analysis

Major Market Moves and Key Project Updates This Week: An Analysis

CryptoRank, a renowned analytical platform, has provided significant insights into the latest happenings in cryptocurrency. In a recent X post,

Market News
Market Cap Drops to $2.39T Amidst Crypto Red Zone; Bitcoin Dominance Rises

Market Cap Drops to $2.39T Amidst Crypto Red Zone; Bitcoin Dominance Rises

Bitcoin’s market value recently dipped below $63,000, reflecting a broader downturn across the cryptocurrency sector. The majority of the top

News
Bitcoin Approaching Critical Support Level as Market Awaits Potential Rebound

Bitcoin Approaching Critical Support Level as Market Awaits Potential Rebound

Bitcoin (BTC) is navigating a crucial juncture, trading within a descending channel that has seen consistent lower highs and lower

Market News
Metaplanet Inc. Invests ¥1 Billion in Bitcoin through New Bond Issuance

Metaplanet Inc. Invests ¥1 Billion in Bitcoin through New Bond Issuance

Metaplanet Inc., a prominent player in the financial sector, has announced a significant investment move. The company’s board of directors

News
Bitcoin’s Recent Decline: Key Support Levels and Market Sentiment

Bitcoin’s Recent Decline: Key Support Levels and Market Sentiment

Bitcoin, a leading cryptocurrency, has displayed impressive resilience and growth, according to a recent analysis by Charting Guy X post.

News
Bitcoin Developer Introduces Brollups for Fast, Low-Cost Transactions

Bitcoin Developer Introduces Brollups for Fast, Low-Cost Transactions

Bitcoin developer Burak has introduced Brollups, a powerful Layer 2 technology designed to enhance transaction efficiency on the Bitcoin network.

News
Crypto Analyst Predicts Bitcoin to $100K: Is the Largest Altseason Imminent?

Crypto Analyst Predicts Bitcoin to $100K: Is the Largest Altseason Imminent?

The cryptocurrency market is on the cusp of what could be the largest altseason in history despite the current bearish