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

Crypto Derivatives Lost Overall Market Share in March Despite Hitting Record High Trading Volume of $6.18T

The share of crypto derivatives in total market activity slipped to 67.8% in March, according to CCData.

In March, crypto derivatives trading volumes on centralized exchanges surged to $6.18 trillion. (CCData)

Markets

Bitcoin Adds 4.5% as Stocks Reverse Lower on Hawkish Fed Commentary

The world's largest crypto regained the $69,000 level at one point in the session before slipping a bit.

Minneapolis Federal Reserve Bank President Neel Kashkari (Fox News)

Markets

Near Record High Funding Rate Suggests Bitcoin Pullback Not Over

The recent dip in price doesn't appear to have dented optimism from traders betting on a continued bull run.

Funding rate suggests bitcoin correction not over (CryptoQuant)

Tech

Protocol Village: Cosmos-Based Picasso Network Claims to Enable First IBC-Ethereum Connection

The latest in blockchain tech upgrades, funding announcements and deals. For the period of March 28-April 3.

Scene from Protocol Village at Consensus 2023 in Austin, Texas.

Markets

First Mover Americas: Galaxy Digital to Raise $100M for New Fund

The latest price moves in crypto markets in context for April 4, 2024.

Mike Novogratz, founder and CEO of Galaxy Digital

Markets

Bitcoin Cash Spikes 10% After Halving, Bitcoin Hovers Above $66K

Analysts said BTC traders are probably waiting for macroeconomic signals before making a move, referring to the current market lull.

Bull and Bear (nosheep/Pixabay)

Markets

Hedge Funds Hold Record Bearish Bitcoin Bets, Data Show

Most funds may have taken short positions as a part of a "carry trade," one observer said.

Hedge fund. (viarami/Pixabay

Markets

Choppy Bitcoin Price Action Continues Ahead of Friday's Jobs Report

Flows into the new spot ETFs have been subdued for a couple of weeks, possibly prompting a renewed interest in macro drivers for price direction.

Crypto markets were choppy ahead of the Ethereum Merge. (Creative Commons, modified by CoinDesk)

Opinion

Must Bitcoin ‘Drop Ideals’ of Decentralization to Achieve Mass Adoption?

Key management is crucial to crypto maintaining decentralization. But, as hacks and exploits have grown in number, the dream of self-custody has become more difficult to maintain.

(Kelly Sikkema/Unsplash, modified by CoinDesk)

Pageof 834