Bitcoin

Bitcoin is the pioneer of blockchains and cryptocurrencies, introduced in a white paper released in 2008 by an apparently pseudonymous person or group of people known as Satoshi Nakamoto. The document described a peer-to-peer method of transferring money without the use of financial institutions. The cryptocurrency known as bitcoin or BTC debuted in 2009. Transactions are recorded on a public ledger (a blockchain) by entities known as miners who engage in process called proof-of-work. Miners are rewarded for doing that by getting newly minted bitcoin. Some proponents view BTC as an alternative to fiat currencies and a hedge against inflation. Bitcoin has inspired the creation of numerous other cryptocurrencies and blockchain projects.

DISCLOSURE: This text was written with the assistance of AI, then reviewed by a person



Tech

Polymarket Bettors Say HBO Documentary Will Name Len Sassaman as Satoshi Nakamoto

Polymarket bettors are also confident that this won't be the smoking gun.

Heading of Bitcoin Whitepaper

Markets

Bitcoin, Gold Could Benefit From Rising Geopolitical Tension and U.S. Election: JPMorgan

Geopolitical risk and the upcoming U.S. election are likely to reinforce the 'debasement trade,' to the benefit of both bitcoin and gold, the report said.

(Shutterstock)

Markets

Bitcoin Set for Unusually Busy Weekend After Friday's Payrolls Data, Volatility Kink Indicates

BTC's implied volatility curve shows a noticeable kink on Oct. 5, signaling expectations for an unusually volatile Saturday.

A sheet of water cascades to break into white foam

Policy

IMF Urges El Salvador Again to Strengthen Regulatory Framework and Oversight of Bitcoin

The IMF has been asking El Salvador for changes regarding its bitcoin law since its adoption in 2021.

El Salvadoran President Nayib Bukele. (Government of El Salvador, modified by CoinDesk)

Markets

Bitcoin Dominance Nears 3-Year High Amid Altcoin Weakness; Aptos Outperforms as SUI Drops

Bitcoin held above the $60,000 key support level, while Ethereum's ETH fell to near its weakest level against BTC since mid-September.

Bitcoin price on Oct. 3, 2024 (CoinDesk)

Finance

Bitcoin Not a Safe Haven From Geopolitical Risks, but Still Buy the Dip: Standard Chartered

Risks stemming from the Middle East conflict are likely to push bitcoin below $60K before the weekend, the report said.

Standard Chartered. (Shutterstock)

Markets

First Mover Americas: Bitcoin Trades Flat While Other Major Cryptos Nurse Losses

The latest price moves in crypto markets in context for Oct. 3, 2024.

BTC price, FMA Oct. 3 2024 (CoinDesk)

Markets

Bitcoin Holder Metaplanet Sells BTC Options to Boost Coin Stash

The company strengthens its bitcoin position with a strategic options sale, generating nearly 24 BTC ($1.44M) in premium.

Japanese Flag (Shutterstock)

Markets

Bitcoin Flat Near $61K as Whales Continue to Accumulate; XRP Down 10% as SEC Appeals Case

PLUS: AI tokens not moving despite a $6.6 billion fundraise from OpenAI.

(Sebastian Huxley/Unsplash)

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