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bitcoin

Bitcoin (BTC) is a cryptocurrency, a virtual currency designed to act as money and a form of payment outside the control of any one person, group, or entity, thus removing the need for third-party involvement in financial transactions. It is rewarded to blockchain miners for verifying transactions and can be purchased on several exchanges.

Bitcoin was introduced to the public in 2009 by an anonymous developer or group of developers using the name Satoshi Nakamoto.

It has since become the most well-known cryptocurrency in the world. Its popularity has inspired the development of many other cryptocurrencies. These competitors either attempt to replace it as a payment system or are used as utility or security tokens in other blockchains and emerging financial technologies.

In August 2008, the domain name Bitcoin.org was registered. Today, at least, this domain is WhoisGuard Protected, meaning the identity of the person who registered it is not public information.

Bitcoin isn't too complicated to understand as a form of digital currency. For example, if you own a bitcoin, you can use your cryptocurrency wallet to send smaller portions of that bitcoin as payment for goods or services. However, it becomes very complex when you try to understand how it works. In October 2008, a person or group using the false name Satoshi Nakamoto announced to the cryptography mailing list at metzdowd.com: "I've been working on a new electronic cash system that's fully peer-to-peer, with no trusted third party." This now-famous white paper published on Bitcoin.org, entitled "Bitcoin: A Peer-to-Peer Electronic Cash System," would become the Magna Carta for how Bitcoin operates today.


Bitcoin: What Is It? How to Mine, Purchase, and Apply It

Financial services giant Fidelity’s director of global macro says bitcoin is “exponential gold.” He explained that gold is “too deflationary and clunky to be used as a medium of exchange,” noting that “investors own it primarily as a store of value — and one of the many reasons bitcoin is often compared to gold.”On Friday, the Fidelity director further discussed bitcoin on X. “Based on monthly data as of September, bitcoin still has a positive correlation to equities, but less so than many other assets,” he said. “Where might bitcoin sit in a 60/40 portfolio? In my view, it should sit squarely in the alts bucket. However, while bitcoin’s correlation is becoming less positive against the S&P 500, it is not negatively correlated against much else.”Timmer additionally stated that BTC is “negatively correlated to the U.S. dollar and T-bills.” He continued: “Surprisingly, it is uncorrelated against gold. That’s bad because it puts a question mark behind the thesis that bitcoin is playing for the same team as gold. But it’s positive because we want as many of the alts to be uncorrelated against both the 60/40 index and against other alts.” The executive concluded: “If bitcoin and gold play on the same team but in different games, then that’s not too bad.”

Financial Giant Fidelity's Director Sees Bitcoin as 'Exponential Gold'

Tesla and Spacex CEO Elon Musk has confirmed that none of his companies will ever launch a crypto token. His clarification came after his artificial intelligence company’s name was used in a cryptocurrency, and several articles associated his social media platform X with crypto tokens.Tesla and Spacex CEO Elon Musk confirmed on his social media platform X on Friday that his companies will never create a crypto token.

His clarification followed a post on X by user Dogedesigner warning his followers about a crypto token using the name XAI, which could be mistaken for Musk’s artificial intelligence company. Dogedesigner wrote: “Elon Musk & xAI is not associated with any such crypto token. Please be careful.” In response, Musk clarified that none of his companies will ever create a crypto token.This was not the first time the Tesla billionaire has distanced himself and his companies from crypto token issuance. In August, Dogedesigner similarly warned about articles associating some cryptocurrencies with Musk’s X platform, formerly Twitter. “Elon Musk and X never launched a crypto token. Be careful of such articles,” he cautioned. Musk responded: “And we never will.”Musk previously revealed that he personally owned bitcoin (BTC), ether (ETH), and dogecoin (DOGE). His electric car company, Tesla, maintains $184 million in bitcoin on its balance sheet as of the third quarter. The company also holds a small amount of dogecoin (DOGE). The billionaire has been a supporter of the meme cryptocurrency, viewing it as the people’s crypto. In 2021, Musk stated that Spacex also owned BTC.Last month, the billionaire unveiled his plan to make X a powerful financial platform by the end of next year. “When I say payments, I actually mean someone’s entire financial life … If it involves money. It’ll be on our platform. Money or securities or whatever,” he detailed, adding that “you won’t need a bank account.”

The social media company is currently in the process of securing money transmission licenses across the U.S. in order to offer financial services to users. Musk recently said that he hopes to obtain the additional licenses X requires within “the next few months.”

Elon Musk Confirms None of His Companies Will Ever Create a Crypto Token

How Thinking Positively Improves Your Health and Skills

Pioneering the democratization of cryptocurrency access, Bitcoin.com is excited to announce that its VERSE token will soon be launched on the Polygon PoS chain. This momentous action comes after the Verse community had its first-ever direct vote—a procedure that strengthens the decentralized ethos and supports Bitcoin.com's dedication to community-driven decision-making.

Launching VERSE on Polygon, a platform renowned for its low-fee, high-speed transaction architecture, received a resounding 71.67% of votes.
The choice to debut on Polygon is in complete harmony with the goal of Bitcoin.com, which is to use blockchain technology to increase economic freedom. Polygon is a great platform for web3 gaming, DeFi, trading, and more because of its quick confirmation times and cheap transaction prices. As a result, VERSE's use cases will become far more diverse, attracting more players to the expanding ecosystem.

VERSE Token from Bitcoin.com Will Make History-Shifting Debut on Polygon Network

Meme coin fever seems to be here to stay, despite the fact that fads in the cryptocurrency field come and go. A wide variety of phenomena, such as DeFi, NFTs, and Meme tokens, have surfaced in the cryptocurrency space. Rebel Satoshi is one initiative that sticks out in the effort to capitalize on the present bull market and the meme coin trend. The goal of this community-focused coin is to revolutionize the cryptocurrency market and advance decentralization.

The benefits of investing in Meme coins are discussed in the narrative that follows, along with Rebel Satoshi's unique strategy for revolutionizing the cryptocurrency space.

Setting the scene for the Meme coin phenomenon is essential before delving into the Rebel Satoshi tale. One of the industries that is changing the fastest in the world is meme currencies and the culture that surrounds them. These digital assets are known for being lighthearted and entertaining, and they are frequently made to mock well-known cryptocurrencies in a comical way.

The Meme token market has grown dramatically, from almost nothing in early 2020 to a market valuation of over $20 billion by early 2022, according to data from CoinMarketCap. This exponential increase demonstrates how well-liked Meme tokens are becoming among both novice and seasoned cryptocurrency users.

Rebel Satoshi is a movement in itself, not merely a Meme token. It aims to inspire a revolution, rouse the majority, and spearhead a change in the cryptocurrency industry. Rebel Satoshi opposes the status quo, bringing in a thrilling period of decentralization and facing off against strong opponents like centralized organizations and the privileged few.

The Rebel Satoshi movement seeks to draw attention to the disparities within the current system and emphasize how decentralization and unity may be used to counteract the powerful influence of individuals with disproportionate wealth.

Rebel Satoshi is a personification of the spirit of revolt who takes his cues from historical rebels who dared to question authority, such as Guy Fawkes and Satoshi Nakamoto. The $RBLZ token is a sign of unity and an appeal to challenge the status quo.

In Rebel Satoshi's universe, purpose and playfulness live in harmony. Not only is this a revolution, but it's a positive movement with unity and humor as its chosen weapons. Rebel Satoshi offers people to go on an exciting trip with games, interactive tasks, and unconventional meme culture.


Rebel Satoshi Presents Itself as a Meme Coin in a Bull Market

The Infowars host, Alex Jones, was unable to respond to a series of five questions that would have enabled him to retrieve $10,000 in bitcoin that he had misplaced in a laptop more than a decade prior. Max Keiser, a Bitcoin enthusiast and international journalist, posed five questions on Bitcoin and its workings, to which Jones provided accurate answers to none.

Keiser expressed his dissatisfaction with Jones' responses, saying that he had given up on the $800 million, while Jones jokingly admitted that it would have been better for him to miss this chance.

In Max Keiser's quiz, Infowars host Alex Jones lost $10,000 in bitcoin.

As November 2023 approaches, the cryptocurrency market is a flurry of activity, with bitcoin (BTC) leading the way and ethereum (ETH) following behind. While traders and market watchers await the news resulting from the Federal Open Market Committee's (FOMC) policy statement, the cryptocurrency markets are currently quiet and consolidated.Just hours before the FOMC meeting, the net worth of the cryptocurrency market is hovering around $1.3 trillion. Investors are holding off to see if the U.S. The federal funds rate will increase by the Federal Reserve. The CME Fedwatch Tool indicates that there is a 97% probability that a rate hike will not occur. Although the yield on US 10-year Treasury notes has decreased, the long-term bonds are still at a 16-year high. With the anticipation and expectations of the FOMC, equity futures have marginally declined.As of this writing, the price at which bitcoin (BTC) is traded is $34,388.22. The most valuable cryptocurrency has shown a 24-hour range of $34,174 to $34,703 per Bitcoin. On Wednesday, Bitcoin commanded a global transaction volume of almost $8.97 billion, with a 50.9% market cap lead.

Technical Analysis of Bitcoin and Ethereum: Market for Fed's Next Policy Move 

Despite slowing down this week, ethereum and bitcoin managed to gain a little 2-3% against the US dollar. In the same seven-day period, a list of almost fifty cryptocurrencies had double- to triple-digit rises. The leading cryptocurrencies in the race for gains between Saturday, October 28, and Saturday, November 4, 2023 are ARK, SNT, and SUSHI.

In this ever-evolving market, a group of fifty cryptocurrencies recorded remarkable gains versus the US dollar, ranging from 12% to a startling 168%. At the same time, another set of thirty tokens had a decline that went from a little 0.01% loss to a large drop of more than 15% during the course of the previous week.

The star of the week, the ARK token, surged to a noteworthy 168% increase in value relative to the US dollar. In just the last day, ARK, which is ranked 147th in terms of market capitalization, had a significant 23.2% increase in value.


Cryptocurrency Gainers and Losers: Market Overview for This Week

        On November 2, 2022, of last year, a major turning point was reached when a publication was released that examined Alameda Research's financial situation. This incident signaled the start of Sam Bankman-Fried's precipitous decline. The former crypto tycoon now faces a daunting sentence of 100 years in jail after being convicted guilty of seven counts brought against him by the US government.

         A significant $1.8 billion in funding was successfully raised by FTX prior to its bankruptcy, with a $400 million infusion during a Series C funding round just months prior to the company's failure. Before the disaster that was developing, FTX's projected valuation was $32 billion. Everything changed on November 2, 2022, when FTX, Bankman-Fried, and his quantitative trading company Alameda Research were the subject of an article written by Coindesk reporter Ian Allison.

         As the story progresses, Allison discloses that the exchange token promoted by Bankman-Fried and his allies, ftx token (FTT), held a significant portion of Alameda's assets. The exchange's plan to sell off all of its FTT holdings was disclosed by Binance CEO Changpeng Zhao (CZ) on November 6, 2022, just a few days after the publication. This action set off a series of events that led to the collapse of Bankman-Fried's empire and exposed the questionable activities of FTX and Alameda.

Sam Bankman-Fried's Time is Running Out: A Crypto Mogul's Day of Reckoning

The FBI has been looking into its data since FTX collapsed. This is because of a Jonathan Randles story in Bloomberg that indicated the exchange's advisors, Alvarez & Marsal, had given the agency access to trading data and client information. The need for access to this data by US law enforcement could stem from a number of factors. If FTX files for bankruptcy, the FBI may look into the company's management procedures as well as any possible transgressions of financial laws or other wrongdoing that may have contributed to the company's financial collapse. It's possible that the FBI is investigating whether any particular clients were given special treatment during the company's demise. Advisors got "subpoenas from at least five FBI field offices," ranging from Portland to Philadelphia, Minneapolis, and Oakland, according to Randles' statement. This revelation stems from Alvarez & Marsal billing records, which also reveal that the FBI was given access to trading information and that FTX's "cloud-computing data" underwent a comprehensive examination.

Field Offices Subpoena Bankruptcy Consultants as the FBI Examines FTX Records

Shai Gilgeous-Alexander, a professional basketball player from Canada, is allegedly suing the owners of the lakefront property that was once owned by Ontario's self-described "crypto king," Aiden Pleterski. Gilgeous-Alexander claims in his lawsuit that the unnamed owners of the property neglected to reveal Pleterski's tenancy in the $45,000-per-month home.The National Basketball Association (NBA) star says that a victim of Pleterski's defunct cryptocurrency investment scheme threatened him, according to a CBC story. Additionally, Gilgeous-Alexander stated that he was made aware of Pleterski's occupantship of the property when his girlfriend informed the authorities about the menacing visit.Upon learning this, Gilgeous-Alexander and his girlfriend are said to have vacated the $8.4 million property and filed the lawsuit. The basketball player insists the property owners’ alleged misrepresentation is enough to void the sale agreement.

NBA Player Reject Property Sale After Discovering Canadian Crypto King's Tenancy

Robert Kiyosaki, the author of Rich Dad Poor Dad, on Thursday posted a post on social networking platform X that outlined the main idea of Rich Dad's first lesson. Kiyosaki and Sharon Lechter coauthored the book Rich Dad Poor Dad in 1997. For more than six years, it has been included in the New York Times Best Seller List. The book has been sold in more than 109 countries and in more than 51 languages for over 32 million copies. "The wealthy are not employed by $," Kiyosaki continued. "Why?" He went on, "Because our wealth is intended to be stolen from our fake money via taxes, inflation, and the stock market." He further explained, "And instead of saving fake $, the rich save gold, silver, and bitcoin." The rich also work for cash flow assets like rental properties, oil, and food production, which put tax-free money in their pockets. 