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



Markets

Bitcoin to Account for 7% of Global Wealth, Surge in Price to $13M in 21 Years: Michael Saylor

The crypto would require an average annual return of 29% between now and 2045 to reach that level, he said.

MicroStrategy's Michael Saylor (Jason Koerner/Getty Images for Bitcoin Magazine)

Tech

Bitcoin Layer 2 Rootstock Verifies Zero-Knowledge SNARK

Rootstock verified the SNARK using BitVMX, which is Rootstock's modified version of BitVM

16:9 Roots (PDPhotos/Pixabay)

Markets

First Mover Americas: Bitcoin Regains $67,000, Adds Nearly 5% in 24 Hours

The latest price moves in crypto markets in context for July 26, 2024.

BTC price, FMA July 26 2024 (CoinDesk)

Markets

Elon Musk’s X Quietly Removes Bitcoin, MAGA Emojis From Hashtags

Logos for several tokens started to first appear on X, previously Twitter, in 2020, as a step to improve brand adoption and recall on the internet.

Bitcoin sculpture made from scrap metal outside the BitCluster mining farm in Norilsk, Russia. (BitCluster)

Markets

Bitcoin Analysts Express Optimism as Price Nears Resistance Level That Stymied It in May

The Bitcoin mining hashrate, a leading indicator for bitcoin rallies, has improved, one observer said, explaining the bullish outlook.

BTC's price nears the trendline resistance that capped upside on Monday. (TradingView/CoinDesk)

Policy

U.S. Presidential Candidate RFK Jr. Says He's 'Fully Committed' to Bitcoin

The presidential candidate said most of his wealth is in the digital asset.

Robert F. Kennedy Junior (Screenshot from 2024 campaign website)

Markets

First Mover Americas: Bitcoin Slides After Wednesday's Tech Rout

The latest price moves in crypto markets in context for July 25, 2024.

BTC price, FMA July 25 2024 (CoinDesk)

Markets

Bitcoin, Stocks Bleed as China Rate Cuts Signals Panic, Treasury Yield Curve Steepens

China's back-to-back interest-rate cuts signal urgency to shore up growth after the recent Communist party plenum offered little support to the nation's flagging economy.

China renminbi bills (Moerschy/Pixabay)

Markets

Stablecoins Signal Crypto Ecosystem Buoyancy as Market Cap Jumps to $164B

Renewed expansion in stablecoins is bullish for the broader crypto market.

Market cap of the stablecoin sector of the crypto market. (DefiLlama)

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