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



Finance

Swan Bitcoin Drops IPO Plan, Cuts Staff and Will Shut Managed Mining Unit

The bitcoin financial firm previously planned to go public by end of this year.

Swan Bitcoin unveils BTC mining unit as parent company prepares to go public. (Swan Bitcoin)

Markets

Taking Profits on Bitcoin Ahead of Trump Conference Appearance Could Be 'Expensive Exercise': Analyst

Markus Thielen, founder of 10x Research, fully expects Trump to win the November election, triggering an early exit for SEC Chair Gary Gensler.

MILWAUKEE, WISCONSIN - JULY 15: (L-R) Tucker Carlson, U.S. Rep. Byron Donalds (R-FL), Republican presidential candidate, former U.S. President Donald Trump,  Republican Vice Presidential candidate, U.S. Sen. J.D. Vance (R-OH), and Speaker of the House Mike Johnson (R-LA) appear on the first day of the Republican National Convention at the Fiserv Forum on July 15, 2024 in Milwaukee, Wisconsin. Delegates, politicians, and the Republican faithful are in Milwaukee for the annual convention, concluding with former President Donald Trump accepting his party's presidential nomination. The RNC takes place from July 15-18. (Photo by Chip Somodevilla/Getty Images)

Markets

First Mover Americas: Bitcoin Settles Above $67K After Biden Drops Out

The latest price moves in crypto markets in context for July 22, 2024.

BTC price, FMA July 22 2024 (CoinDesk)

Markets

Any Near-Term Rebound in Crypto Market Likely to Be Temporary: JPMorgan

The bitcoin price is currently too high versus its production cost and relative to its volatility-adjusted comparison to gold, the report said.

(Shutterstock)

Markets

Bitcoin Briefly Tops $68K as Biden Dropout Riles Up Crypto Bulls

The general possibility of a crypto-friendly government coming into power is bumping sentiment among professional traders, one firm said.

(John Angel/Unsplash)

Markets

Bitcoin Traders Brace for 'Fat Tails' as Focus Shifts to Trump's Nashville Bitcoin Conference Speech

Speculation is high that Trump will announce a bigger role for BTC in the financial system, triggering a parabolic rise in the cryptocurrency's price, one observer said.

Donald Trump's recent crypto embrace means solana ETFs might have a shot if he becomes president again. (Justin Sullivan/Getty Images)

Markets

Bitcoin Tops $67K as Cryptos Rally Amid Global IT Outage; Solana's SOL Leads Altcoins

Friday's crypto rally defied past days' correlation with U.S equities, which continued their losing streak.

Bitcoin price on July 19 (CoinDesk)

Markets

First Mover Americas: Bitcoin Trades at $64K as Biden Withdrawal Likelihood Increases

The latest price moves in crypto markets in context for July 19, 2024.

BTC price, FMA July 19 2024 (CoinDesk)

Markets

Bitcoin Slumps Towards $63K as Speculation About Biden Dropout Intensifies

As the odds for Joe Biden pulling out of the presidential race soared over the past day, the chances of victory for the now crypto-friendly Donald Trump slipped on prediction market Polymarket.

Bitcoin (BTC) price on July 18 (CoinDesk)

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