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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
Goldman Sachs Joins Morgan Stanley in Holding Bitcoin ETFs as Institutional Interest Grows: 13F Wrap
Investment advisors held more than $4.7 billion worth of U.S.-based spot bitcoin exchange-traded funds as of the end of the second quarter.

Bitcoin Tumbles Back Under $58K as Crypto Quickly Crumbles Thursday Afternoon
The blame this time can't be laid on macro jitters, as stocks are up big again, with the Nasdaq and S&P 500 both more than erasing early August declines.

First Mover Americas: Bitcoin Drops to Under $58K After U.S. CPI Data
The latest price moves in crypto markets in context for Aug. 15, 2024.

Bitcoin Drops to $58K After U.S. CPI Print, BTC ETFs Record $81M Outflow
Traders say bitcoin could drop to $55,000 in the near-term, but favorable Fed policies could set the stage for its next leg up.

Protocol Village: ARPA's Randcast Launches on Taiko, Coinbase Promotes 'cbBTC'
The latest in blockchain tech upgrades, funding announcements and deals. For the period of Aug. 8-14.

Bitcoin Price May Turn Lower as Crypto Exchanges See $1B USDT Withdrawal: IntoTheBlock
The previous two occasions when exchanges saw similar USDT outflows earlier this year occurred near local tops in bitcoin's price.

Ethereum-Based Swell Imports Wrapped Bitcoin to Serve as Liquid Restaking Token
Users can deposit their wBTC to get swBTC in return, with yield expected to start flowing from mid-September – as part of a blockchain "restaking" scheme ultimately designed to secure protocols in the Ethereum blockchain ecosystem.

U.S. CPI Rose 0.2% in July, Matching Expectations
Bitcoin continued with modest daily gains at $61,300 following the report.
