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

VanEck CEO Says Transaction Fee Is Bigger Story Than Bitcoin or Ethereum ETFs

Jan Van Eck told CoinDesk TV's Jen Sanasie that not hearing back from the SEC is a sign that ETH exchange-traded funds likely wont make the May deadline.

Even as ETFs capture attention, Jan van Eck is focused on gas fees. (Creative Commons, modified by CoinDesk.)

Markets

Bitcoin Buckles Below $69K as Crypto Bulls Endure $175M Liquidations

Bitcoin is showing resilience despite the slip, but the corrective period might continue for a while before a return to growth, one observer noted.

Bitcoin price on April 9 (CoinDesk)

Markets

First Mover Americas: BTC Drops to $70K, TON Rallies

The latest price moves in crypto markets in context for April 9, 2024.

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Markets

Bitcoin Supply Inactive for a Year Slides to 18-Month Low of 65.8%

The decline likely represents profit-taking by investors who held coins for one year and over and marks a shift from the holding strategy seen through 2023.

Bitcoin supply last active 1+ years ago. (Glassnode)

Markets

Metaplanet Shares Soar as Japanese Firm Mimics MicroStrategy on Bitcoin Buying

Metaplanet began as Red Planet Japan, a budget hotel operator, before pivoting to become a Web3 developer.

(Shutterstock)

Markets

Bitcoin Could Slump Around Reward Halving Time, Arthur Hayes Says

The crypto market faces the U.S. tax season liquidity test around the time the Bitcoin blockchain implements the fourth mining-reward halving on April 20.

Downgrade spiral staricase going down downwards (Unsplash)

Markets

Ether Rallies to $3.6K as Bitcoin Holds Steady at $71K

Liquid staking tokens like Lido, Rocket Pool, and ether.fi follow ether's gains.

CoinDesk Indicies)

Markets

First Mover Americas: BTC Reclaims $72K; Meme Coins Rally

The latest price moves in crypto markets in context for April 8, 2024.

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Markets

Bitcoin May Rally to $80K on Triangle Break: Technical Analysis

Bitcoin's recent triangular consolidation has ended with a bullish breakout, price chart shows.

(kirahoffmann/Pixabay)

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