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Bitcoin is an innovative payment network and a new kind of money. Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network. Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin and everyone can take part. Through many of its unique properties, Bitcoin allows exciting uses that could not be covered by any previous payment system.

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Bitcoin inscriptions, a new way to store data on the Bitcoin blockchain, have surpassed 35 million since January. These digital artifacts can be anything from text files, images, and audio to videos. The majority of Bitcoin inscriptions are text files, accounting for approximately 95% of all inscriptions. In the first 200 days since the first inscription on Bitcoin, a total of 1.14 million image-based inscriptions have been created, surpassing the number of non-fungible tokens (NFTs) minted on other blockchains, such as Ethereum, Solana, and Polygon. Bitcoin has accumulated the third-highest NFT trading volume by the network at $596.4 million.

Portfolio Pulse from Murtuza Merchant

October 09, 2023 | 2:14 pm

Cryptocurrency prices fell with Bitcoin (BTC) trading below $27,500 and Ethereum (ETH) below $1,600. The global crypto market cap fell to $1.07 trillion, a 24-hour decline of 1.6%. Rocket Pool (RPL) was the top gainer while Conflux (CFX) was the biggest loser. Other notable losers include Bitcoin SV (BSV), Sui (SUI), ApeCoin (APE), Bitcoin Cash (BCH), and Chiliz (CHZ).

Portfolio Pulse from Lisa Levin

October 09, 2023 | 1:33 pm

Fireblocks CEO Michael Shaulov shared his insights on the role of traditional banks, the rise of stablecoins, and Bitcoin's potential as an insurance instrument against potential government system collapses. He believes that banks will continue to play a pivotal role if they adapt swiftly to the changing landscape. He also sees stablecoins having broader applicability and their activity might soon eclipse speculative cryptocurrency trading. Shaulov views Bitcoin as an insurance instrument against potential failures of government systems.

Portfolio Pulse from Murtuza Merchant

October 09, 2023 | 1:29 pm

The article covers a range of topics including the impact of the Israel-Hamas conflict on airlines and the stock market, insider trading in Howard Hughes, Tesla and Mirati Therapeutics stocks moving lower, and the potential of Bitcoin as an inflation hedge. It also mentions a strike by 4,000 UAW members at Volvo's Mack Trucks, and Disney's stock resilience amid a broader sell-off.

Portfolio Pulse from Akanksha Bakshi

October 09, 2023 | 1:03 pm

Elon Musk, the executive chair and chief technical officer of Twitter, faced criticism for the suspension of an XRP-related account. The suspended account, Digital Asset Investor.XRP, was known for its advocacy of XRP. This suspension has raised questions within the crypto community, especially amidst ongoing controversies and legal disputes surrounding XRP, including a lawsuit by the SEC alleging XRP as an unregistered security. Bitcoin was trading at $27,939.94, down 0.56% in the last 24 hours.

Portfolio Pulse from Mehab Qureshi

October 09, 2023 | 11:38 am

The escalating tensions in the Middle East have dampened the risk-on mood, potentially leading to a bleak start to the week for S&P 500 and Nasdaq. However, gains in energy stocks and defense contractors could partially offset the negative sentiment. Traders are also preparing for the start of the third-quarter reporting season and closely monitoring inflation data. The SPDR S&P 500 ETF Trust (NYSE:SPY) and the Invesco QQQ ETF (NASDAQ:QQQ) both fell in premarket trading. Stocks in focus include Walt Disney Co. (NYSE:DIS), Nvidia Corp. (NASDAQ:NVDA), Exxon Mobil Corp. (NYSE:XOM), ConocoPhillips (NYSE:COP), Chevron Corp. (NYSE:CVX), Lockheed Martin Corp. (NYSE:LMT), Northrop Grumman Corporation (NYSE:NOC), and Mirati Therapeutics, Inc. (NASDAQ:MRTX).

Portfolio Pulse from Shanthi Rexaline

October 09, 2023 | 11:28 am

Former President Donald Trump's sale of non-fungible tokens (NFTs) has been criticized by his niece, Mary Trump, who called it a scam. Instead, she suggested investing in major cryptocurrencies such as Bitcoin, Ethereum, and Dogecoin. If one had invested $100 in each of these cryptocurrencies on January 20, 2021, the total investment would now be worth approximately $357.21.

Portfolio Pulse from Mehab Qureshi

October 09, 2023 | 11:11 am

Glassnode co-founder Negentropic conducted an analysis on whether Bitcoin (BTC) could potentially reach 98 times the price of gold. The analysis revealed bullish signs as key indicators, such as the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD), both showed a bullish sentiment.

Portfolio Pulse from Mehab Qureshi

October 09, 2023 | 9:57 am

A dormant Bitcoin wallet that had been inactive for over three years transferred approximately $140 million worth of Bitcoin to three different addresses. The exact motives behind such moves remain uncertain. At the time of writing, Bitcoin was trading at $27,939.94, down 0.56% in the last 24 hours.

Portfolio Pulse from Mehab Qureshi

October 09, 2023 | 7:15 am

Experts are divided on whether Bitcoin (CRYPTO: BTC) can serve as a reliable safeguard against inflation. Zach Pandl from Grayscale Investments argues that Bitcoin's scarcity makes it valuable and better suited as an inflation hedge. However, Eswar Prasad from Cornell University disagrees, stating that Bitcoin's value stems solely from its scarcity and its high price volatility and unreliable technology make it a risky bet as an inflation hedge.

Portfolio Pulse from Benzinga Neuro

October 09, 2023 | 7:01 am

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