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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
Bitcoin Drops Below $68K, Ether Slumps in Sudden Crypto Sell-Off as ETH ETF Decision Looms
The sell-off was broad-based, with DOGE, SHIB, AVAX, LINK diving more than 4% in less than an hour.
U.S. Bitcoin ETF Holdings Hit New High of More Than 850K Tokens
Grayscale’s GBTC remains the biggest of the funds, with more than $20 billion of bitcoin at current prices, but BlackRock's IBIT is only a small bit behind.
First Mover Americas: BTC, ETH Consolidate Ahead of Ether ETF Decision
The latest price moves in crypto markets in context for May 23, 2024.
Bitcoin, Ether in Stasis as SEC ETF Decision Looms, Nvidia Hits Record High
There is a 90% probability the SEC will approve a spot ether ETF, one observer said, drawing attention to the narrowed discount in the Grayscale Ethereum Trust.
Protocol Village: Stripchain, Intent-Based Interoperability Protocol, Raises $10M
The latest in blockchain tech upgrades, funding announcements and deals. For the period of May 16-22.
Bitcoin Is Coming to Ethereum Stalwart MetaMask: Sources
MetaMask is a giant in the Ethereum ecosystem, but it's poised to cross one of the biggest tribal divides in crypto.
First Mover Americas: Bitcoin Hovers Around $70K After ETF Records Month-High Inflows
The latest price moves in crypto markets in context for May 22, 2024.
BlackRock's Spot Bitcoin ETF Records Biggest Inflows Since April as BTC Hovers at $70K
Bitcoin spot ETFs in the U.S. have seen net inflows of over $1.4 billion in the past week after a timid first half of the month.
How Bitcoin ETFs Are Changing the Risk-Reward Ratio for Institutional Investors
By approving bitcoin as an underlying product within the ETF space, the SEC has reduced risk at the base level of the asset, BitGo's Steve Scott writes. The only question is now will they invest?