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Bitcoin hits monthly low amid uncertainty ahead of Fed meeting
Bitcoin (BTC) fell to $29,147, falling below $29,500 for the first time since June 21, with the latest decline coming amid uncertainty ahead of this week’s Federal Reserve policy rate decision.
Since March 2022, the Federal Reserve has implemented the fastest rate hike in decades, raising the benchmark borrowing rate from zero to a range of 5% to 5.25%.
CoinGecko data shows that Bitcoin trading volume has also dropped significantly ahead of the Fed meeting, with daily trading volume falling below $10 billion for three consecutive days since Friday.
Since March 2022, the Federal Reserve has implemented the fastest rate hike in decades, raising the benchmark borrowing rate from zero to a range of 5% to 5.25%.
CoinGecko data shows that Bitcoin trading volume has also dropped significantly ahead of the Fed meeting, with daily trading volume falling below $10 billion for three consecutive days since Friday.
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The smallest unit is Satoshi. When Satoshi Nakamoto designed Bitcoin, one Bitcoin can be divided into 8 decimal places, that is, the smallest unit is 0.00000001BTC. Now people use this smallest unit of Bitcoin to thank Satoshi Nakamoto for his creation and invention. It is called Satoshi, and the Chinese name is Cong. At the same time, the following divisions are also made: 100 satoshi = 1 microbit (μBTC or uBTC), 1000 microbits = 1 million bits (mBTC), 1000 million bits = 100 bit points (cBTC) = 1 bit coins, or 100 million Satoshi = 1 Bitcoin. From this clever division, we can see that if 1 Bitcoin is worth 1 million yuan, then 1 microbit is exactly 1 yuan, and then 1 satoshi is 1 cent.
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The essence of nft should be items in the future metaverse. Most of them have no hype value. Some have use value and are easier to manufacture than items in the real world. The value should be very low.
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Send Bitcoin to Satoshi Nakamoto
The initial wallet address when Bitcoin was born belonged to Satoshi Nakamoto himself. Although Satoshi Nakamoto has disappeared, until now, almost every week, people continue to transfer Bitcoins to the initial wallet of the blockchain. , although there are not many Bitcoins each time, over time, more than 1,000 inward transactions have occurred, and nearly 20 Bitcoins have been transferred. According to Satoshi Nakamoto's design of the Bitcoin system, the 50 Bitcoins rewarded for mining the founding block cannot be withdrawn, so these subsequently remitted Bitcoins are converted into unspent transactions in the founding address. The reason why these people who donated Bitcoins did so was to pay tribute to Satoshi Nakamoto and thank Satoshi Nakamoto for bringing the world to a new era.
The initial wallet address when Bitcoin was born belonged to Satoshi Nakamoto himself. Although Satoshi Nakamoto has disappeared, until now, almost every week, people continue to transfer Bitcoins to the initial wallet of the blockchain. , although there are not many Bitcoins each time, over time, more than 1,000 inward transactions have occurred, and nearly 20 Bitcoins have been transferred. According to Satoshi Nakamoto's design of the Bitcoin system, the 50 Bitcoins rewarded for mining the founding block cannot be withdrawn, so these subsequently remitted Bitcoins are converted into unspent transactions in the founding address. The reason why these people who donated Bitcoins did so was to pay tribute to Satoshi Nakamoto and thank Satoshi Nakamoto for bringing the world to a new era.
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I came into contact with Bitcoin in 2013. I still remember that the first Bitcoin I bought was about 600 yuan. I remember that I quickly saved 100 btc, 3200 LTC, and 1.5 million XRP. I wanted to buy 10,000 LTC at that time. , but in the process of hoarding coins, it increased from about RMB 30 to 70 in one day, and then I stopped. After that, many small stories that ordinary people can’t imagine happened. It wasn’t until I found out last year that there was not much money left, that I realized that I really needed to hoard coins. Well, I always told my friends to use your spare money to buy a few Bitcoins and keep them for ten or twenty years as dowries for your children. In the end, I didn’t even save a few, and I kept going back and forth over and over again. , until I started to really hoard coins last year, the minimum goal I set for myself was 1BTC10ETH. Let me slowly tell you a little story that happened to me over the years. I don’t know how many people have the same thoughts and experiences as me, please leave a message to exchange.
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Cypherpunks Mailing List
At the end of 1992, several retired technical engineers and scientists in the United States invited a group of colleagues and friends to have a private party. During this period, they discussed cryptography issues and some difficult programming. The more everyone talked, the more interested they became, and the number of gatherings increased. More and more came, and later one of the cryptographers proposed to name the organization "Cypherpunk". The name introduced the password word cypher, aiming to protect people's privacy. With the continuous development of cypherpunk members, a mailing list group was established to facilitate members from different regions to communicate with each other. Since privacy can be protected, everyone can speak freely when communicating. Various latest ideas and technical concepts continue to pop up, and a large number of topics Ideas were freely discussed, and the number of members grew to more than 1,400. Many IT elites were integrated into it, and many interesting technology development attempts were made. Before Satoshi Nakamoto threw out the Bitcoin white paper, it was discussed in the cypherpunk email group There are dozens of digital currencies that have failed experiments.
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Why you need to buy a Bitcoin
With the rapid development of technology, digital currencies are gradually becoming popular. Bitcoin is a leader among digital currencies, popular for its security and traceability. If you haven't considered buying a Bitcoin yet, this article will give you some reasons why.
First and foremost, Bitcoin is a reliable way to save money. Traditional bank accounts can be affected by factors such as inflation, causing their value to decrease. The number of Bitcoins is limited, that is, there are only 21 million Bitcoins, so the value of this digital currency is more stable.
First and foremost, Bitcoin is a reliable way to save money. Traditional bank accounts can be affected by factors such as inflation, causing their value to decrease. The number of Bitcoins is limited, that is, there are only 21 million Bitcoins, so the value of this digital currency is more stable.
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