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Information about Bitcoin (BTC)
Bitcoin, the brainchild of the enigmatic Satoshi Nakamoto, revolutionized the financial landscape by introducing the world's first decentralized digital currency. Unlike traditional currencies controlled by central banks, Bitcoin operates on a peer-to-peer network, facilitating secure and transparent transactions directly between users.
Understanding Bitcoin's Core Concepts:
The Allure of Bitcoin:
Storing Your Bitcoin:
Bitcoin wallets function as virtual bank accounts for storing, sending, and receiving Bitcoin. These wallets can be installed on your computer or stored securely in the cloud.
Fascinating Facts about Bitcoin:
News
Riot Platforms secured a 100 million USD credit facility from Coinbase, with an annual interest rate of at least 9% and a term of one year. This is Riot’s first Bitcoin-backed loan, aimed at enhancing its corporate operations and strategies.
Following the announcement, Riot’s shares surged over 8% on April 23. Despite challenges earlier this year, the company reported record earnings and plans to hold an earnings call on May 1 to discuss its performance.
Analysts from Bloomberg believe that Bitcoin is gaining favor among public companies because of its resilience, particularly in the face of economic uncertainty.
There is a notable decline in Bitcoin’s correlation with the U.S. Stock market, potentially indicating a shift in how Bitcoin behaves in relation to traditional assets.
Public companies now hold nearly 711,000 BTC, reflecting a growing interest in cryptocurrency, with Strategy being the largest holder, investing a total of 35.6 billion USD.
The LAPD’s Cargo Theft Unit recovered stolen Bitcoin miners valued at 2.7 million USD as part of a larger investigation into a South American crime ring.
Detectives arrested two suspects in connection with the theft and recovered additional stolen goods worth 1.2 million USD, with goods including tequila and pet food.
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